Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 14,152 $ 18,623
Trade receivables, net 18,779 19,474
Inventories 17,325 15,804
Prepaid expenses and other assets 2,229 2,392
Taxes receivable 5,495 7,672
Deferred income taxes 2,671 2,116
Total current assets 60,651 66,081
Plant, pipeline and equipment, net 102,387 96,907
Goodwill 21,798 21,798
Other intangible assets, net 24,079 24,549
Investment in AMAK 53,075 47,697
Mineral properties in the United States 588 588
Other assets 151 171
TOTAL ASSETS 262,729 257,791
Current Liabilities    
Accounts payable 7,053 8,090
Current portion of derivative instruments 107 118
Accrued liabilities 3,678 4,062
Current portion of post-retirement benefit 296 294
Current portion of long-term debt 8,061 8,061
Current portion of other liabilities 760 2,050
Total current liabilities 19,955 22,675
Long-term debt, net of current portion 71,153 73,169
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 40 59
Other liabilities, net of current portion 2,201 2,351
Deferred income taxes 18,464 16,503
Total liabilities 112,462 115,406
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 24.2 million shares in 2016 and 2015 2,420 2,416
Additional paid-in capital 51,316 50,662
Retained Earnings 96,242 89,018
Total Trecora Resources Stockholders' Equity 149,978 142,096
Noncontrolling Interest 289 289
Total equity 150,267 142,385
TOTAL LIABILITIES AND EQUITY $ 262,729 $ 257,791