Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current Assets    
Cash $ 3,387 $ 3,028
Trade receivables, net 26,467 25,779
Insurance receivable 493 0
Inventories 17,003 18,450
Prepaid expenses and other assets 5,188 4,424
Taxes receivable 1,291 5,584
Total current assets 53,829 57,265
Plant, pipeline and equipment, net 192,084 181,742
Goodwill 21,798 21,798
Intangible assets, net 19,877 20,808
Investment in AMAK 45,452 45,125
Mineral properties in the United States 588 588
TOTAL ASSETS 333,628 327,326
Current Liabilities    
Accounts payable 11,927 18,347
Accrued liabilities 5,638 3,961
Current portion of post-retirement benefit 28 305
Current portion of long-term debt 8,061 8,061
Current portion of other liabilities 916 870
Total current liabilities 26,570 31,544
Long-term debt, net of current portion 97,015 91,021
Post-retirement benefit, net of current portion 365 897
Other liabilities, net of current portion 1,297 1,611
Deferred income taxes 18,315 17,242
Total liabilities 143,562 142,315
EQUITY    
Common stock‑authorized 40 million shares of $.10 par value; issued 24.5 million in 2018 and 2017 and outstanding 24.3 million shares in 2018 and 2017 2,451 2,451
Additional paid-in capital 56,365 56,012
Common stock in treasury, at cost (61) (196)
Retained earnings 131,022 126,455
Total Trecora Resources Stockholders' Equity 189,777 184,722
Noncontrolling Interest 289 289
Total equity 190,066 185,011
TOTAL LIABILITIES AND EQUITY $ 333,628 $ 327,326