Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net Income $ 20,275 [1] $ 17,476
Adjustments to Reconcile Net Income of Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 5,761 5,231
Amortization of Intangible Assets 1,415 1,217
Unrealized Gain on Derivative Instruments (89) (332)
Share-based Compensation 1,882 1,794
Deferred Income Taxes 6,851 [1] (231)
Postretirement Obligation 186 6
Bargain purchase gain (11,549) 0
Equity in (earnings) losses of AMAK (2,261) [1] 2,364
Gain from Additional Equity Issuance by AMAK (3,168) [1] 0
Changes in Operating Assets and Liabilities:    
(Increase) Decrease in Trade Receivables (355) 5,441
Decrease in Taxes Receivable 4,094 434
(Increase) Decrease in Inventories (2,573) 302
(Increase) Decrease in Prepaid Expenses and Other Assets (1,281) 112
Increase (Decrease) in Accounts Payable and Accrued Liabilities 1,304 (342)
Increase (Decrease) in Other Liabilities (418) 1,690
Net Cash Provided by Operating Activities 20,074 35,162
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (25,860) (23,540)
Cash paid for acquisition of BASF facility (2,011) 0
Acquisition Goodwill Adjustment 0 (47)
Cash Used in Investing Activities (27,871) (23,587)
FINANCING ACTIVITIES    
Issuance of Common Stock 11 46
Addition to Long-Term Debt 3,000 0
Repayment of Long-Term Debt (6,250) (5,250)
Net Cash Used in Financing Activities (3,239) (5,204)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,036) 6,371
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 18,623 8,506
CASH AND CASH EQUIVALENTS AT END OF PERIOD 7,587 14,877
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,804 1,147
Cash payments for taxes, net of refunds 277 6,902
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 829 599
Estimated Earnout Liability (Note 7) $ 733 $ 0
[1] Restated - See Note 3.