Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net Income Attributable to Trecora Resources $ 13,373 $ 16,315
Adjustments to Reconcile Net Income Attributable to Trecora Resources To Net Cash Provided by Operating Activities:    
Depreciation 3,020 2,886
Amortization of Contractual Based Intangible Asset 104 188
Accretion of Notes Receivable Discounts (26) (5)
Unrealized gain (loss) (48) 39
Stock-based Compensation 1,530 882
Deferred Income Taxes (982) 1,240
Postretirement Obligation 6 5
Equity in (earnings) losses of AMAK 687 (5,001)
Gain from additional equity issuance by AMAK 0 (3,997)
Changes in Operating Assets and Liabilities:    
Increase in Trade Receivables (5,556) (4,518)
(Increase) Decrease in Notes Receivable 211 (357)
Decrease in Income Tax Receivable 571 1,182
(Increase) Decrease in Inventories 107 (3,270)
Increase in Prepaid Expenses (695) (915)
Increase in Accounts Payable and Accrued Liabilities 6,064 634
Increase (Decrease) in Accrued Interest (21) 13
Increase in Other Liabilities 0 2,255
Net Cash Provided by Operating Activities 18,345 7,576
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (8,582) (5,156)
Addition to Investment in AMAK 0 (7,862)
Advance to AMAK, net 536 2,016
Net Cash Used in Investing Activities (8,046) (11,002)
FINANCING ACTIVITIES    
Issuance of Common Stock 91 44
Additions to Long-Term Debt 3,000 6,000
Repayment of Long-Term Debt (7,050) (5,050)
Net Cash Provided by (Used in) Financing Activities (3,959) 994
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,340 (2,432)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7,608 9,508
CASH AND CASH EQUIVALENTS AT END OF PERIOD 13,948 7,076
Supplemental disclosure of cash flow information:    
Cash payments for interest 372 587
Cash payments for taxes 5,859 3,006
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 1,236 819
Unrealized gain on interest rate swap, net of tax expense $ 118 $ 174