Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
CURRENT ASSETS    
Cash and cash equivalents $ 8,506us-gaap_CashAndCashEquivalentsAtCarryingValue $ 7,608us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade receivables, net (Note 6) 28,271us-gaap_AccountsReceivableNetCurrent 22,069us-gaap_AccountsReceivableNetCurrent
Advance to AMAK (Note 10) 0us-gaap_AdvancesToAffiliate 536us-gaap_AdvancesToAffiliate
Prepaid expenses and other assets 3,257us-gaap_PrepaidExpenseAndOtherAssetsCurrent 2,179us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Inventories (Note 7) 12,815us-gaap_InventoryNet 12,063us-gaap_InventoryNet
Deferred income taxes (Note 17) 1,652us-gaap_DeferredTaxAssetsNetCurrent 1,324us-gaap_DeferredTaxAssetsNetCurrent
Taxes receivable 434us-gaap_IncomeTaxesReceivable 571us-gaap_IncomeTaxesReceivable
Total current assets 54,935us-gaap_AssetsCurrent 46,350us-gaap_AssetsCurrent
PLANT, PIPELINE, AND EQUIPMENT - AT COST 113,130us-gaap_PropertyPlantAndEquipmentGross 75,128us-gaap_PropertyPlantAndEquipmentGross
LESS ACCUMULATED DEPRECIATION (39,319)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (33,203)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
PLANT, PIPELINE, AND EQUIPMENT, NET (Note 8) 73,811us-gaap_PropertyPlantAndEquipmentNet 41,925us-gaap_PropertyPlantAndEquipmentNet
GOODWILL (Notes 3 and 9) 21,750us-gaap_Goodwill 0us-gaap_Goodwill
OTHER INTANGIBLE ASSETS, net (Notes 3 and 9) 26,235us-gaap_OtherIntangibleAssetsNet 0us-gaap_OtherIntangibleAssetsNet
INVESTMENT IN AMAK (Note 10) 53,023us-gaap_CostMethodInvestments 54,095us-gaap_CostMethodInvestments
MINERAL PROPERTIES IN THE UNITED STATES (Note 11) 588us-gaap_MineralPropertiesNet 588us-gaap_MineralPropertiesNet
OTHER ASSETS 1,732us-gaap_OtherAssetsNoncurrent 709us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS 232,074us-gaap_Assets 143,667us-gaap_Assets
CURRENT LIABILITIES    
Accounts payable 9,535us-gaap_AccountsPayableCurrent 7,362us-gaap_AccountsPayableCurrent
Current portion of derivative instruments (Notes 5 and 22) 362us-gaap_DerivativeLiabilitiesCurrent 292us-gaap_DerivativeLiabilitiesCurrent
Accrued liabilities (Note 13) 5,020us-gaap_AccruedLiabilitiesCurrent 3,162us-gaap_AccruedLiabilitiesCurrent
Accrued liabilities in Saudi Arabia (Note 14) 495trec_AccruedLiabilitiesInSaudiArabia 140trec_AccruedLiabilitiesInSaudiArabia
Current portion of post-retirement benefit (Note 23) 286us-gaap_PostemploymentBenefitsLiabilityCurrent 278us-gaap_PostemploymentBenefitsLiabilityCurrent
Current portion of long-term debt (Note 12) 7,000us-gaap_LongTermDebtCurrent 1,400us-gaap_LongTermDebtCurrent
Current portion of other liabilities 2,183us-gaap_DeferredRevenueCurrent 1,654us-gaap_DeferredRevenueCurrent
Total current liabilities 24,881us-gaap_LiabilitiesCurrent 14,288us-gaap_LiabilitiesCurrent
LONG-TERM DEBT, net of current portion (Note 12) 73,450us-gaap_LongTermDebtNoncurrent 11,839us-gaap_LongTermDebtNoncurrent
POST- RETIREMENT BENEFIT, net of current portion (Note 23) 649us-gaap_PostemploymentBenefitsLiabilityNoncurrent 649us-gaap_PostemploymentBenefitsLiabilityNoncurrent
DERIVATIVE INSTRUMENTS, net of current portion (Notes 5 and 22) 196us-gaap_DerivativeLiabilitiesNoncurrent 319us-gaap_DerivativeLiabilitiesNoncurrent
OTHER LIABILITIES, net of current portion 1,039us-gaap_DeferredRevenueNoncurrent 1,369us-gaap_DeferredRevenueNoncurrent
DEFERRED INCOME TAXES (Note 17) 10,471us-gaap_DeferredTaxLiabilitiesNoncurrent 11,984us-gaap_DeferredTaxLiabilitiesNoncurrent
Total liabilities 110,686us-gaap_Liabilities 40,448us-gaap_Liabilities
COMMITMENTS AND CONTINGENCIES (Note 15)      
EQUITY    
Common Stock - authorized 40 million shares of $.10 par value; issued and outstanding, 24.0 million and 23.8 million shares in 2014 and 2013, respectively 2,397us-gaap_CommonStockValue 2,383us-gaap_CommonStockValue
Additional Paid-in Capital 48,282us-gaap_AdditionalPaidInCapitalCommonStock 46,064us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated Other Comprehensive Loss 0us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (366)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained Earnings 70,420us-gaap_RetainedEarningsAccumulatedDeficit 54,849us-gaap_RetainedEarningsAccumulatedDeficit
Total Trecora Resources Stockholders' Equity 121,099us-gaap_StockholdersEquity 102,930us-gaap_StockholdersEquity
Noncontrolling interest 289us-gaap_MinorityInterest 289us-gaap_MinorityInterest
Total equity 121,388us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 103,219us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY $ 232,074us-gaap_LiabilitiesAndStockholdersEquity $ 143,667us-gaap_LiabilitiesAndStockholdersEquity