Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 8,389 $ 18,623
Trade receivables, net (Note 6) 22,193 19,474
Prepaid expenses and other assets (Note 7) 3,511 2,392
Inventories (Note 8) 17,871 15,804
Deferred income taxes (Note 17) 1,615 2,116
Taxes receivable 3,983 7,672
Total current assets 57,562 66,081
PLANT, PIPELINE, AND EQUIPMENT - AT COST 194,486 143,471
LESS ACCUMULATED DEPRECIATION (54,477) (46,564)
PLANT, PIPELINE, AND EQUIPMENT, NET (Note 9) 140,009 96,907
GOODWILL (Note 10) 21,798 21,798
OTHER INTANGIBLE ASSETS, net (Note 10) 22,669 24,549
INVESTMENT IN AMAK (Note 11) 49,386 47,697
MINERAL PROPERTIES IN THE UNITED STATES (Note 12) 588 588
OTHER ASSETS 87 171
TOTAL ASSETS 292,099 257,791
CURRENT LIABILITIES    
Accounts payable 13,306 8,090
Current portion of derivative instruments (Notes 5 and 22) 58 118
Accrued liabilities (Note 14) 2,017 4,062
Current portion of post-retirement benefit (Note 23) 316 294
Current portion of long-term debt (Note 13) 10,145 8,061
Current portion of other liabilities 870 2,050
Total current liabilities 26,712 22,675
LONG-TERM DEBT, net of current portion (Note 13) 73,107 73,169
POST- RETIREMENT BENEFIT, net of current portion (Note 23) 897 649
DERIVATIVE INSTRUMENTS, net of current portion (Notes 5 and 22) 0 59
OTHER LIABILITIES, net of current portion 2,309 2,351
DEFERRED INCOME TAXES (Note 17) 24,698 16,503
Total liabilities 127,723 115,406
COMMITMENTS AND CONTINGENCIES (Note 15)
EQUITY    
Common Stock-authorized 40 million shares of $.10 par value; issued 24.5 million in 2016 and 2015 and outstanding 24.2 million in 2016 and 2015 2,451 2,416
Additional Paid-in Capital 53,474 50,662
Common Stock in Treasury, at cost 0.3 million shares (284) 0
Retained Earnings 108,446 89,018
Total Trecora Resources Stockholders' Equity 164,087 142,096
Noncontrolling interest 289 289
Total equity 164,376 142,385
TOTAL LIABILITIES AND EQUITY $ 292,099 $ 257,791