XML 14 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES    
Petrochemical Product Sales$ 60,078,415$ 35,572,993$ 134,437,253$ 101,184,338
Transloading Sales0199,4320853,636
Processing Fees1,467,0351,277,4603,601,8333,549,030
Total Revenues61,545,45037,049,885138,039,086105,587,004
OPERATING COSTS AND EXPENSES    
Cost of Sales and Processing (including depreciation of $677,469, $566,054, $2,049,296, and $1,703,326, respectively)52,329,50831,632,185122,283,29692,725,819
GROSS PROFIT9,215,9425,417,70015,755,79012,861,185
GENERAL AND ADMINISTRATIVE EXPENSES    
General and Administrative3,039,4942,530,7668,134,9058,228,616
Depreciation123,757108,545355,445328,398
Total General and Administrative Expenses3,163,2512,639,3118,490,3508,557,014
OPERATING INCOME6,052,6912,778,3897,265,4404,304,171
OTHER INCOME (EXPENSE)    
Interest Income02,6993,57615,222
Interest Expense(294,281)(275,065)(829,636)(857,391)
Equity in loss - AMAK000(262,500)
Miscellaneous Income (Expense)(9,303)(5,951)14,210(25,641)
Total Other Income (Expenses)(303,584)(278,317)(811,850)(1,130,310)
INCOME BEFORE INCOME TAXES5,749,1072,500,0726,453,5903,173,861
INCOME TAXES1,812,589829,8812,100,6461,098,007
NET INCOME3,936,5181,670,1914,352,9442,075,854
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST0000
NET INCOME ATTRIBUTABLE TO ARABIAN AMERICAN DEVELOPMENT COMPANY$ 3,936,518$ 1,670,191$ 4,352,944$ 2,075,854
Basic Earnings per Common Share    
Net Income attributable to Arabian American Development Company (in dollars per share)$ 0.16$ 0.07$ 0.18$ 0.09
Basic Weighted Average Number of Common Shares Outstanding (in shares)23,990,41523,750,74523,989,63723,749,070
Diluted Earnings per Common Share    
Net Income attributable to Arabian American Development Company (in dollars per share)$ 0.16$ 0.07$ 0.18$ 0.09
Diluted Weighted Average Number of Common Shares Outstanding (in shares)24,541,85123,750,74524,612,34623,749,070