Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF INCOME

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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Petrochemical product sales $ 218,512 $ 194,620 [1] $ 133,579 [1]
Processing 4,346 4,897 [1] 4,677 [1]
Transloading sales 0 0 [1] 854 [1]
Total Revenues 222,858 199,517 [1] 139,110 [1]
Operating costs and expenses      
Cost of petrochemical product sales and Processing (including depreciation of $3,053, $2,744, and $2,271, respectively) 192,100 173,600 [1] 121,895 [1]
Gross Profit 30,758 25,917 [1] 17,215 [1]
General and Administrative Expenses      
General and administrative 12,782 11,778 [1] 10,930 [1]
Depreciation 520 476 [1] 433 [1]
Total General and Administrative Expenses 13,302 12,254 [1] 11,363 [1]
Operating income 17,456 13,663 [1] 5,852 [1]
Other income (expense)      
Interest income 3 4 [1] 16 [1]
Interest expense (547) (699) [1] (665) [1]
Losses on cash flow hedge reclassified from OCI (359) (414) [1] (468) [1]
Equity in earnings (loss) of AMAK (Note 9) 866 (1,018) [1] (874) [1]
Gain from additional equity issuance by AMAK (Note 9) 0 8,850 [1] 0 [1]
Miscellaneous income (expense) (117) 3 [1] (83) [1]
Total other income (expenses) (154) 6,726 [1] (2,074) [1]
Income before income tax expense 17,302 20,389 [1] 3,778 [1]
Income tax expense 5,904 6,505 [1] 1,703 [1]
Net income 11,398 13,884 [1] 2,075 [1]
Net loss attributable to Noncontrolling Interest 0 0 [1] 0 [1]
Net income attributable to Arabian American Development Company $ 11,398 $ 13,884 [1] $ 2,075 [1]
Net income per common share      
Basic earnings per share (in dollars per share) $ 0.47 $ 0.58 [1] $ 0.09 [1]
Diluted earnings per share (in dollars per share) $ 0.46 $ 0.57 [1] $ 0.09 [1]
Weighted average number of common shares outstanding      
Basic (in shares) 24,081 23,993 [1] 23,769 [1]
Diluted (in shares) 24,745 24,267 [1] 23,780 [1]
[1] Restated - See Note 2