Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 3,028 $ 8,389
Trade receivables, net (Note 6) 25,779 22,193
Prepaid expenses and other assets (Note 7) 4,424 3,511
Inventories (Note 8) 18,450 17,871
Taxes receivable 5,584 3,983
Total current assets 57,265 55,947
PLANT, PIPELINE, AND EQUIPMENT - AT COST 244,982 194,486
LESS ACCUMULATED DEPRECIATION (63,240) (54,477)
PLANT, PIPELINE, AND EQUIPMENT, NET (Note 9) 181,742 140,009
GOODWILL (Note 10) 21,798 21,798
OTHER INTANGIBLE ASSETS, net (Note 10) 20,808 22,669
INVESTMENT IN AMAK (Note 11) 45,125 49,386
MINERAL PROPERTIES IN THE UNITED STATES (Note 12) 588 588
OTHER ASSETS 0 87
TOTAL ASSETS 327,326 290,484
CURRENT LIABILITIES    
Accounts payable 18,347 13,306
Current portion of derivative instruments (Notes 5 and 22) 0 58
Accrued liabilities (Note 14) 3,961 2,017
Current portion of post-retirement benefit (Note 23) 305 316
Current portion of long-term debt (Note 13) 8,061 10,145
Current portion of other liabilities 870 870
Total current liabilities 31,544 26,712
LONG-TERM DEBT, net of current portion (Note 13) 91,021 73,107
POST- RETIREMENT BENEFIT, net of current portion (Note 23) 897 897
OTHER LIABILITIES, net of current portion 1,611 2,309
DEFERRED INCOME TAXES (Note 17) 17,242 23,083
Total liabilities 142,315 126,108
COMMITMENTS AND CONTINGENCIES (Note 15)
EQUITY    
Common Stock - authorized 40 million shares of $.10 par value; issued 24.5 million in 2017 and 2016 and outstanding 24.3 million and 24.2 million in 2017 and 2016, respectively 2,451 2,451
Additional Paid-in Capital 56,012 53,474
Common Stock in Treasury, at cost 0.2 million and 0.3 million shares in 2017 and 2016, respectively (196) (284)
Retained earnings 126,455 108,446
Total Trecora Resources Stockholders' Equity 184,722 164,087
Noncontrolling interest 289 289
Total equity 185,011 164,376
TOTAL LIABILITIES AND EQUITY $ 327,326 $ 290,484