Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income attributable to Arabian American Development Co. $ 11,398 $ 13,884 [1] $ 2,075 [1]
Adjustments to reconcile net income of Arabian American Development Co. of Net cash provided by operating activities:      
Depreciation 3,573 3,220 [1] 2,613 [1]
Accretion of notes receivable discounts (3) (1) [1] (16) [1]
Unrealized loss (gain) on derivative instruments 246 (215) [1] (177) [1]
Share-based compensation 515 872 [1] 808 [1]
Provision for doubtful accounts 0 55 [1] 29 [1]
Amortization of contractual based intangible asset 250 250 [1] 0 [1]
Deferred income taxes 889 3,238 [1] 685 [1]
Postretirement obligation 8 11 [1] 0 [1]
Equity in (income) loss of AMAK (866) 1,018 [1] 874 [1]
Gain from additional equity issuance by AMAK 0 (8,850) [1] 0 [1]
Changes in operating assets and liabilities:      
(Increase) decrease in trade receivables 7,396 (12,041) [1] 1,062 [1]
(Increase) decrease in notes receivable (56) 35 [1] 389 [1]
(Increase) decrease in income tax receivable (1,182) 216 [1] 4,510 [1]
Increase in inventories (384) (3,539) [1] (852) [1]
(Increase) decrease in prepaid expenses and other assets (940) 110 [1] 69 [1]
Increase in other liabilities 353 1,628 [1] 0 [1]
Increase (decrease) in accounts payable and accrued liabilities 193 4,246 [1] (504) [1]
Decrease in accrued interest (20) (5) [1] (28) [1]
Increase (decrease) in accrued liabilities in Saudi Arabia 3 (76) [1] (207) [1]
Net cash provided by operating activities 21,373 4,056 [1] 11,330 [1]
Investing activities      
Additions to plant, pipeline and equipment (8,143) (6,518) [1] (2,899) [1]
Net advances to AMAK (2,042) (120) [1] 0 [1]
Purchase of STTC transportation company 0 0 [1] (250) [1]
Cash used in investing activities (10,185) (6,638) [1] (3,149) [1]
Financing Activities      
Issuance of common stock 146 108 [1] 0 [1]
Additions to long-term debt 2,000 6,000 [1] 1,397 [1]
Repayment of long-term debt (10,500) (4,462) [1] (4,420) [1]
Net cash provided by (used) in financing activities (8,354) 1,646 [1] (3,023) [1]
Net increase (decrease) in cash 2,834 (936) [1] 5,158 [1]
Cash and cash equivalents at beginning of year 6,674 [1] 7,610 [1] 2,452 [1]
Cash and cash equivalents at end of year 9,508 6,674 [1] 7,610 [1]
Supplemental disclosure of cash flow information:      
Cash payments for interest 912 1,071 [1] 1,161 [1]
Cash payments (net of refunds) for taxes 6,650 3,045 [1] (3,547) [1]
Supplemental disclosure of non-cash items:      
Other liabilities for capital expansion amortized to depreciation expense 1,102 210 [1] 551 [1]
Unrealized loss/(gain) on interest rate swap, net of tax benefit/expense (168) 12 [1] (105) [1]
Net assets acquired in purchase of STTC Transportation Company $ 0 $ 0 [1] $ 1,025 [1]
[1] Restated - See Note 2