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, 2018
Dec. 31, 2017
Current Assets    
Cash $ 2,568 $ 3,028
Trade receivables, net 27,421 25,779
Insurance receivable 742 0
Inventories 15,691 18,450
Prepaid expenses and other assets 5,131 4,424
Taxes receivable 5,481 5,584
Total current assets 57,034 57,265
Plant, pipeline and equipment, net 190,139 181,742
Goodwill 21,798 21,798
Intangible assets, net 20,343 20,808
Investment in AMAK 45,224 45,125
Mineral properties in the United States 588 588
TOTAL ASSETS 335,126 327,326
Current Liabilities    
Accounts payable 14,888 18,347
Accrued liabilities 4,229 3,961
Current portion of post-retirement benefit 302 305
Current portion of long-term debt 8,061 8,061
Current portion of other liabilities 889 870
Total current liabilities 28,369 31,544
Long-term debt, net of current portion 99,031 91,021
Post-retirement benefit, net of current portion 897 897
Other liabilities, net of current portion 1,374 1,611
Deferred income taxes 17,670 17,242
Total liabilities 147,341 142,315
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued 24.5 million in 2018 and 2017 and outstanding 24.3 million shares in 2018 and 2017 2,451 2,451
Additional paid-in capital 56,422 56,012
Common stock in treasury, at cost (184) (196)
Retained earnings 128,807 126,455
Total Trecora Resources Stockholders' Equity 187,496 184,722
Noncontrolling Interest 289 289
Total equity 187,785 185,011
TOTAL LIABILITIES AND EQUITY $ 335,126 $ 327,326