Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net Income $ 4,567 $ 2,319
To Net Cash Provided by Operating Activities:    
Depreciation and Amortization 4,941 4,226
Amortization of Intangible Assets 931 931
Unrealized Gain on Derivative Instruments 0 (38)
Stock-based Compensation 372 1,289
Deferred Income Taxes 1,073 505
Postretirement Obligation (809) (5)
Equity in (Earnings) Losses of AMAK (458) 4,264
Bad Debt Expense 128 0
Amortization of Loan Fees 161 61
Changes in Operating Assets and Liabilities:    
Increase in Trade Receivables (817) (2,839)
Increase in Insurance Receivables (493) 0
Decrease in Taxes Receivable 4,293 783
Decrease in Inventories 1,448 2,752
(Increase) Decrease in Prepaid Expenses and Other Assets (901) 36
Increase (Decrease) in Accounts Payable and Accrued Liabilities (4,742) 114
Increase in Other Liabilities 104 1,129
Net Cash Provided by Operating Activities 9,798 15,527
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (15,434) (27,833)
Advances to AMAK, net (83) (55)
Cash Used in Investing Activities (15,517) (27,888)
FINANCING ACTIVITIES    
Issuance of Common Stock 0 25
Net Cash Received (Paid) Related to Stock-Based Compensation 245 (55)
Addition to Long-Term Debt 16,000 12,000
Repayment of Long-Term Debt (10,167) (6,250)
Net Cash Provided by Financing Activities 6,078 5,720
NET INCREASE (DECREASE) IN CASH 359 (6,641)
CASH AT BEGINNING OF PERIOD 3,028 8,389
CASH AT END OF PERIOD 3,387 1,748
Supplemental disclosure of cash flow information:    
Cash payments for interest 2,394 2,721
Cash payments for taxes, net of refunds 92 220
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 210 435
Stock exchange (Notes 8 & 17) $ 130 $ 0