Trecora Resources (TREC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1650 HWY 6 SOUTH, SUITE 190 SUGAR LAND, TX 77478 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 44,403 | 39,125 | 53,026 | 55,664 | 51,862 | ||||
| Cash and cash equivalents | 44,403 | 39,125 | 53,026 | 55,664 | 51,862 | ||||
| Receivables | 32,903 | 34,496 | 28,717 | 28,089 | 39,514 | ||||
| Inventory, net of allowances, customer advances and progress billings | 15,619 | 15,640 | 11,739 | 12,945 | 11,110 | ||||
| Inventory | 15,619 | 15,640 | 11,739 | 12,945 | 11,110 | ||||
| Prepaid expense | 4,424 | 1,905 | 3,423 | 4,542 | 2,204 | ||||
| Other undisclosed current assets | 2,219 | 3,189 | 2,969 | 4,656 | 4,812 | ||||
| Total current assets: | 99,568 | 94,355 | 99,874 | 105,896 | 109,502 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 8,746 | 8,962 | 9,757 | 10,528 | 11,154 | ||||
| Property, plant and equipment | 187,567 | 188,109 | 187,923 | 187,898 | |||||
| Intangible assets, net (including goodwill) | 11,512 | 11,972 | 12,433 | 12,893 | 13,354 | ||||
| Intangible assets, net (excluding goodwill) | 11,512 | 11,972 | 12,433 | 12,893 | 13,354 | ||||
| Regulated entity, other noncurrent assets | 500 | ||||||||
| Other undisclosed noncurrent assets | 412 | 412 | 412 | 187,016 | 412 | ||||
| Total noncurrent assets: | 208,237 | 209,455 | 210,525 | 210,937 | 212,818 | ||||
| TOTAL ASSETS: | 307,805 | 303,810 | 310,399 | 316,833 | 322,320 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 23,730 | 18,876 | 22,586 | 21,304 | 26,007 | ||||
| Accounts payable | 12,686 | 11,488 | 16,584 | 14,447 | 12,815 | ||||
| Accrued liabilities | 11,044 | 7,388 | 6,002 | 6,857 | 13,192 | ||||
| Debt | 4,194 | 4,194 | 4,194 | 4,194 | 4,194 | ||||
| Other liabilities | 542 | 569 | 639 | 891 | 447 | ||||
| Other undisclosed current liabilities | 7,237 | 9,367 | 3,219 | 3,195 | 3,148 | ||||
| Total current liabilities: | 35,703 | 33,006 | 30,638 | 29,584 | 33,796 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 44,199 | 45,522 | 47,390 | 49,234 | 50,955 | ||||
| Long-term debt, excluding current maturities | 38,755 | 39,804 | 40,852 | 41,901 | 42,949 | ||||
| Liabilities, other than long-term debt | 27,349 | 27,183 | 26,549 | 27,485 | 27,360 | ||||
| Deferred income tax liabilities | 26,420 | 26,241 | 25,593 | 26,517 | 26,132 | ||||
| Liability, pension and other postretirement and postemployment benefits | 312 | 316 | 319 | 320 | 321 | ||||
| Other liabilities | 617 | 626 | 637 | 648 | 907 | ||||
| Operating lease, liability | 5,444 | 5,718 | 6,538 | 7,333 | 8,006 | ||||
| Other undisclosed noncurrent liabilities | 6,123 | 6,123 | 6,123 | ||||||
| Total noncurrent liabilities: | 71,548 | 72,705 | 80,062 | 82,842 | 84,438 | ||||
| Total liabilities: | 107,251 | 105,711 | 110,700 | 112,426 | 118,234 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 200,265 | 197,810 | 199,410 | 204,118 | 203,797 | ||||
| Common stock | 2,497 | 2,497 | 2,490 | 2,483 | 2,482 | ||||
| Treasury stock, value | (5,000) | (5,000) | (692) | ||||||
| Additional paid in capital | 62,710 | 62,138 | 61,692 | 61,311 | 60,875 | ||||
| Retained earnings | 140,058 | 138,175 | 135,920 | 140,324 | 140,440 | ||||
| Equity, attributable to noncontrolling interest | 289 | 289 | 289 | 289 | 289 | ||||
| Total equity: | 200,554 | 198,099 | 199,699 | 204,407 | 204,086 | ||||
| TOTAL LIABILITIES AND EQUITY: | 307,805 | 303,810 | 310,399 | 316,833 | 322,320 | ||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Other undisclosed income before gain (loss) on sale of properties | ✕ | ✕ | ✕ | ✕ | ✕ | 26,209 | ✕ | |
| Revenues | (198,071) | 74,637 | 68,849 | 54,585 | 58,138 | 47,747 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (65,663) | (57,828) | (52,240) | (52,162) | (39,290) | |||
| Gross profit: | 8,974 | 11,021 | 2,345 | 5,976 | 8,457 | |||
| Operating expenses | (9,141) | (7,899) | (7,558) | (6,374) | (5,975) | |||
| Operating income (loss): | (167) | 3,122 | (5,213) | (398) | 2,482 | |||
| Nonoperating income (expense) | 1,839 | (164) | (192) | 231 | (521) | |||
| Other nonoperating income (expense) | (30) | 133 | 110 | (13) | ||||
| Interest and debt expense | 2,188 | (297) | (302) | (332) | (508) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,860 | 2,661 | (5,707) | (499) | 1,453 | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,188) | 297 | 302 | 332 | 508 | |||
| Income (loss) from continuing operations before income taxes: | 1,672 | 2,958 | (5,405) | (167) | 1,961 | |||
| Income tax expense (benefit) | 211 | (703) | 1,001 | 21 | (853) | |||
| Income (loss) from continuing operations: | 1,883 | 2,255 | (4,404) | (146) | 1,108 | |||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 1,883 | 2,255 | (4,404) | 26,063 | 1,108 | ||
| Other undisclosed net income (loss) | (26,179) | 21,324 | ||||||
| Net income (loss) available to common stockholders, diluted: | 1,883 | 2,255 | (4,404) | (116) | 22,432 | |||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 1,883 | 2,255 | (4,404) | (116) | 22,432 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,883 | 2,255 | (4,404) | (116) | 22,432 | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.