Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 55,664 $ 6,145
Trade receivables, net 25,301 26,320
Inventories 12,945 13,624
Investment in AMAK (held-for-sale) 0 32,872
Prepaid expenses and other assets 9,198 4,947
Taxes receivable 2,788 182
Total current assets 105,896 84,090
PLANT, PIPELINE, AND EQUIPMENT, NET 187,104 188,919
OPERATING LEASE ASSETS, NET 10,528 13,512
Intangible assets, net 12,893 14,736
MINERAL PROPERTIES 412 562
TOTAL ASSETS 316,833 301,819
CURRENT LIABILITIES    
Accounts payable 14,447 14,603
Accrued liabilities 6,857 5,742
Current portion of long-term debt 4,194 4,194
Current portion of operating lease 3,195 3,174
Current portion of other liabilities 891 922
Total current liabilities 29,584 28,635
CARES ACT, PPP Loans 6,123 0
LONG-TERM DEBT, net of current portion 41,901 79,095
POST- RETIREMENT BENEFIT, net of current portion 320 338
OPERATING LEASE LONG TERM 7,333 10,338
OTHER LIABILITIES, net of current portion 648 595
DEFERRED INCOME TAXES 26,517 11,375
Total liabilities 112,426 130,376
Commitments and Contingencies
EQUITY    
Common Stock ‑ authorized 40 million shares of $.10 par value; issued 24.8 and 24.6 million in 2020 and 2019, respectively, and outstanding 24.8 and 24.5 million in 2020 and 2019, respectively 2,483 2,475
Additional Paid-in Capital 61,311 59,530
Retained Earnings 140,324 109,149
Total Trecora Resources Stockholders' Equity 204,118 171,154
Noncontrolling interest 289 289
Total equity 204,407 171,443
TOTAL LIABILITIES AND EQUITY $ 316,833 $ 301,819