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
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING ACTIVITIES    
Net Income $ 2,352 $ 1,487
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:    
Depreciation and Amortization 2,561 2,123
Amortization of Intangible Assets 465 465
Unrealized Gain on Derivative Instruments 0 (24)
Share-based Compensation 592 633
Deferred Income Taxes 428 1,178
Postretirement Obligation (3) (2)
Equity in (Earnings) Losses of AMAK (230) 966
Bad Debt Expense 128 0
Amortization of Loan Fees 93 68
Changes in Operating Assets and Liabilities:    
Increase in Trade Receivables (1,770) (2,056)
Increase in Insurance Receivables (742) 0
(Increase) Decrease in Taxes Receivable 102 (160)
Decrease in Inventories 2,759 2,914
(Increase) Decrease in Prepaid Expenses and Other Assets (803) 79
Increase (Decrease) in Accounts Payable and Accrued Liabilities (3,190) 989
Increase (Decrease) in Other Liabilities (7) 70
Net Cash Provided by Operating Activities 2,735 8,730
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (11,028) (13,881)
Advances to AMAK, net (44) (26)
Cash Used in Investing Activities (11,072) (13,907)
FINANCING ACTIVITIES    
Payments Related to Tax Withholding for Stock-based Compensation (40) 0
Addition to Long-Term Debt 10,000 5,000
Repayment of Long-Term Debt (2,083) (4,167)
Net Cash Provided by Financing Activities 7,877 833
NET DECREASE IN CASH (460) (4,344)
CASH AT BEGINNING OF PERIOD 3,028 8,389
CASH AT END OF PERIOD 2,568 4,045
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,124 936
Cash payments for taxes, net of refunds 0 0
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 210 161
Stock exchange (Notes 8 & 16) $ 130 $ 0