Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 3,651 $ 9,508
Trade receivables, net 20,008 15,802
Advance to AMAK 2,162 2,162
Inventories 12,298 9,840
Prepaid expenses and other assets 1,561 1,561
Contractual based intangible assets, net 250 250
Taxes receivable 7 1,182
Deferred income taxes 1,164 1,054
Total current assets 41,101 41,359
Plant, pipeline and equipment, net 40,688 40,420
Investment in AMAK 46,769 38,971
Mineral properties in the United States 588 588
Contractual based intangible asset, net of current portion 42 104
Other assets 11 11
TOTAL ASSETS 129,199 121,453
Current Liabilities    
Accounts payable 6,450 6,306
Accrued interest 103 96
Current portion of derivative instruments 287 301
Accrued liabilities 2,131 2,699
Accrued liabilities in Saudi Arabia 140 140
Current portion of post-retirement benefit 271 269
Current portion of long-term debt 1,500 1,500
Current portion of other liabilities 828 880
Total current liabilities 11,710 12,191
Long-term debt, net of current portion 19,889 14,239
Post-retirement benefit, net of current portion 649 649
Derivative instruments, net of current portion 520 592
Other liabilities, net of current portion 660 379
Deferred income taxes 10,020 10,094
Total liabilities 43,448 38,144
EQUITY    
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.8 million shares in 2013 and 2012 2,381 2,381
Additional paid-in capital 45,058 44,791
Accumulated other comprehensive loss (525) (580)
Retained Earnings 38,548 36,428
Total Arabian American Development Company Stockholders' Equity 85,462 83,020
Noncontrolling Interest 289 289
Total equity 85,751 83,309
TOTAL LIABILITIES AND EQUITY $ 129,199 $ 121,453