Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash $ 6,833 $ 6,735
Trade receivables, net 25,737 27,112
Inventories 16,922 16,539
Prepaid expenses and other assets 4,535 4,664
Taxes receivable 182 182
Total current assets 54,209 55,232
Plant, pipeline and equipment, net 192,855 194,657
Goodwill 21,798 21,798
Intangible assets, net 18,482 18,947
Investment in AMAK 37,357 38,746
Lease right of use assets, net 16,137 0
Mineral properties in the United States 558 588
TOTAL ASSETS 341,396 329,968
Current Liabilities    
Accounts payable 11,551 19,106
Accrued liabilities 5,053 5,439
Current portion of long-term debt 4,194 4,194
Current portion of lease liabilities 3,568 0
Current portion of other liabilities 890 752
Total current liabilities 25,256 29,491
Long-term debt, net of current portion 99,240 98,288
Lease liabilities, net of current portion 12,566 0
Other liabilities, net of current portion 1,108 1,352
Deferred income taxes 16,037 15,676
Total liabilities 154,207 144,807
EQUITY    
Common stock‑authorized 40 million shares of $0.10 par value; issued 24.7 million and 24.6 million in 2019 and 2018 and outstanding 24.7 million and 24.6 million shares in 2019 and 2018, respectively 2,469 2,463
Additional paid-in capital 58,565 58,294
Common stock in treasury, at cost (8) (8)
Retained earnings 125,874 124,123
Total Trecora Resources Stockholders' Equity 186,900 184,872
Noncontrolling Interest 289 289
Total equity 187,189 185,161
TOTAL LIABILITIES AND EQUITY $ 341,396 $ 329,968