Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash $ 4,325 $ 6,735
Trade receivables, net 30,518 27,112
Inventories 15,295 16,539
Prepaid expenses and other assets 3,951 4,664
Taxes receivable 182 182
Total current assets 54,271 55,232
Plant, pipeline and equipment, net 191,528 194,657
Goodwill 21,798 21,798
Intangible assets, net 18,016 18,947
Investment in AMAK 37,265 38,746
Lease right of use assets, net 15,197 0
Mineral properties in the United States 558 588
TOTAL ASSETS 338,633 329,968
Current Liabilities    
Accounts payable 11,159 19,106
Accrued liabilities 5,415 5,439
Current portion of long-term debt 4,194 4,194
Current portion of lease liabilities 3,412 0
Current portion of other liabilities 850 752
Total current liabilities 25,030 29,491
Long-term debt, net of current portion 94,191 98,288
Lease liabilities, net of current portion 11,785 0
Other liabilities, net of current portion 1,047 1,352
Deferred income taxes 16,623 15,676
Total liabilities 148,676 144,807
EQUITY    
Common stock‑authorized 40 million shares of $0.10 par value; issued 24.7 million and 24.6 million in 2019 and 2018 and outstanding 24.7 million and 24.6 million shares in 2019 and 2018, respectively 2,472 2,463
Additional paid-in capital 58,920 58,294
Common stock in treasury, at cost (2) (8)
Retained earnings 128,278 124,123
Total Trecora Resources Stockholders' Equity 189,668 184,872
Noncontrolling Interest 289 289
Total equity 189,957 185,161
TOTAL LIABILITIES AND EQUITY $ 338,633 $ 329,968