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, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net Income $ 1,751 $ 2,352
To Net Cash Provided by Operating Activities:    
Depreciation and Amortization 3,977 2,561
Amortization of Intangible Assets 465 465
Stock-based Compensation 213 592
Deferred Income Taxes 361 428
Postretirement Obligation (5) (3)
Equity in Losses (Earnings) of AMAK 59 (230)
Bad Debt Expense 0 128
Amortization of Loan Fees 45 93
Changes in Operating Assets and Liabilities:    
Decrease (Increase) in Trade Receivables 1,375 (1,770)
Decrease (Increase) in Insurance Receivables 0 (742)
Decrease in Taxes Receivable 0 102
(Increase) Decrease in Inventories (383) 2,759
Increase in Prepaid Expenses and Other Assets (227) (803)
Decrease in Accounts Payable and Accrued Liabilities (6,773) (3,190)
Decrease in Other Liabilities (34) (7)
Net Cash Provided by Operating Activities 824 2,735
INVESTING ACTIVITIES    
Additions to Plant, Pipeline and Equipment (1,887) (11,028)
Proceeds from PEVM 30  
Proceeds from PEVM   0
Advances to AMAK, net 0 (44)
Proceeds from AMAK Share Repurchase 440 0
Net Cash Used in Investing Activities (1,417) (11,072)
FINANCING ACTIVITIES    
Net Cash Paid Related to Stock-Based Compensation (215) (40)
Addition to Long-Term Debt 2,000 10,000
Repayment of Long-Term Debt (1,094) (2,083)
Net Cash Provided by Financing Activities 691 7,877
NET INCREASE (DECREASE) IN CASH 98 (460)
CASH AT BEGINNING OF PERIOD 6,735 3,028
CASH AT END OF PERIOD 6,833 2,568
Supplemental disclosure of cash flow information:    
Cash payments for interest 1,210 1,124
Cash payments for taxes, net of refunds 0 0
Supplemental disclosure of non-cash items:    
Capital expansion amortized to depreciation expense 68 210
Foreign taxes paid by AMAK 891 0
Stock exchange (Note 16) $ 0 $ 130