Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 30,535 $ 55,664
Trade receivables, net 32,811 25,301
Inventories 21,134 12,945
Prepaid expenses and other assets 4,313 9,198
Taxes receivable 0 2,788
Total current assets 88,793 105,896
PLANT, PIPELINE, AND EQUIPMENT, NET 185,521 187,104
OPERATING LEASE ASSETS, NET 8,170 10,528
Intangible assets, net 11,056 12,893
MINERAL PROPERTIES 0 412
TOTAL ASSETS 293,540 316,833
CURRENT LIABILITIES    
Accounts payable 12,075 14,447
Accrued liabilities 5,873 6,857
Current portion of long-term debt 4,194 4,194
Current portion of operating lease 3,227 3,195
Current portion of other liabilities 626 891
Total current liabilities 25,995 29,584
CARES ACT, PPP Loans 0 6,123
LONG-TERM DEBT, net of current portion 37,707 41,901
OPERATING LEASE LONG TERM 4,923 7,333
OTHER LIABILITIES, net of current portion 417 968
DEFERRED INCOME TAXES 24,525 26,517
Total liabilities 93,567 112,426
COMMITMENTS AND CONTINGENCIES
EQUITY    
Common Stock ‑ authorized 40 million shares of $.10 par value; issued 25.0 and 24.8 million in 2021 and 2020, respectively, and outstanding 23.6 and 24.8 million in 2021 and 2020, respectively 2,499 2,483
Additional Paid-in Capital 63,260 61,311
Common Stock in Treasury, at cost 1.4 and nil million shares in 2021 and 2020, respectively (11,486) 0
Retained Earnings 145,700 140,324
Total Trecora Resources Stockholders' Equity 199,973 204,118
Non-controlling interest 0 289
Total equity 199,973 204,407
TOTAL LIABILITIES AND EQUITY $ 293,540 $ 316,833