Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
CURRENT ASSETS    
Cash and cash equivalents $ 9,508 $ 6,674 [1]
Derivative instruments 0 393 [1]
Trade receivables, net (Note 6) 15,802 23,198 [1]
Advance to AMAK (Note 9) 2,162 120 [1]
Prepaid expenses and other assets 1,561 562 [1]
Contractual based intangible assets (Note 1) 250 250 [1]
Inventories (Note 7) 9,840 9,456 [1]
Deferred income taxes (Note 16) 1,054 1,169 [1]
Taxes receivable 1,182 0 [1]
Total current assets 41,359 41,822 [1]
PLANT, PIPELINE, AND EQUIPMENT - AT COST 68,482 60,624 [1]
LESS ACCUMULATED DEPRECIATION (28,062) (23,672) [1]
PLANT, PIPELINE, AND EQUIPMENT, NET (Note 8) 40,420 36,952 [1]
INVESTMENT IN AMAK (Note 9) 38,971 38,105 [1]
MINERAL PROPERTIES IN THE UNITED STATES (Note 10) 588 588 [1]
CONTRACTUAL BASED INTANGIBLE ASSETS, net of current portion (Note 1) 104 355 [1]
OTHER ASSETS 11 11 [1]
TOTAL ASSETS 121,453 117,833 [1]
CURRENT LIABILITIES    
Accounts payable 6,306 5,857 [1]
Accrued interest 96 116 [1]
Current portion of derivative instruments (Notes 5 and 20) 301 345 [1]
Accrued liabilities (Note 12) 2,687 2,944 [1]
Accrued liabilities in Saudi Arabia (Note 13) 140 140 [1]
Notes payable 12 12 [1]
Current portion of post-retirement benefit (Note 21) 269 258 [1]
Current portion of long-term debt (Note 11) 1,500 1,500 [1]
Current portion of other liabilities 880 937 [1]
Total current liabilities 12,191 12,109 [1]
LONG-TERM DEBT, net of current portion (Note 11) 14,239 22,739 [1]
POST - RETIREMENT BENEFIT, net of current portion (Note 21) 649 649 [1]
DERIVATIVE INSTRUMENTS, net of current portion (Notes 5 and 20) 592 789 [1]
OTHER LIABILITIES , net of current portion 379 1,071 [1]
DEFERRED INCOME TAXES (Note 16) 10,094 9,394 [1]
Total liabilities 38,144 46,751 [1]
COMMITMENTS AND CONTINGENCIES (Note 14)       [1]
EQUITY    
Common Stock - authorized 40 million shares of $.10 par value; issued and outstanding, 23.8 million and 23.7 million shares in 2012 and 2011, respectively 2,381 2,373 [1]
Additional Paid-in Capital 44,791 44,138 [1]
Accumulated Other Comprehensive Loss (580) (748) [1]
Retained Earnings 36,428 25,030 [1]
Total Arabian American Development Company Stockholders' Equity 83,020 70,793 [1]
Noncontrolling interest 289 289 [1]
Total equity 83,309 71,082 [1]
TOTAL LIABILITIES AND EQUITY $ 121,453 $ 117,833 [1]
[1] Restated - See Note 2