Trecora Resources (TREC) financial statements (2021 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
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments566738199
Cash and cash equivalents566738199
Receivables28272731262729
Inventory, net of allowances, customer advances and progress billings13141718181613
Inventory13141718181613
Prepaid expense52111  
Deferred tax assets  222
Other undisclosed current assets53644233
Total current assets:106845557586655
Noncurrent Assets
Operating lease, right-of-use asset11 
Property, plant and equipment 1891951821409774
Long-term investments and receivables   45494853
Long-term investments   45494853
Intangible assets, net (including goodwill)13154143444648
Goodwill  2222222222
Intangible assets, net (excluding goodwill)13151921232526
Regulated entity, other noncurrent assets1      
Other noncurrent assets    012
Deferred tax assets, net   (17)(10)
Other undisclosed noncurrent assets1871439111711
Total noncurrent assets:211218275270235192177
TOTAL ASSETS:317302330327292259232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities21202522151218
Accounts payable1415191813810
Accrued liabilities7654245
Employee-related liabilities      3
Taxes payable      0
Debt47481087
Derivative instruments and hedges, liabilities    000
Postemployment benefits liability 000000
Deferred revenue and credits1122
Other liabilities111    
Other undisclosed current liabilities31(0)   (3)
Total current liabilities:30292932272325
Noncurrent Liabilities
Long-term debt and lease obligation49839891737473
Long-term debt, excluding current maturities42799891737473
Capital lease obligations4     
Operating lease, liability7 
Liabilities, other than long-term debt2711720282012
Deferred revenue and credits2221
Deferred tax liabilities, net1617251710
Deferred income tax liabilities27 
Liability, pension and other postretirement and postemployment benefits0001111
Other liabilities111    
Derivative instruments and hedges, liabilities     00
Other undisclosed noncurrent liabilities618     
Total noncurrent liabilities:831021151111019386
Total liabilities:112130145142128116111
Stockholders' equity
Stockholders' equity attributable to parent204171185185164142121
Common stock2222222
Treasury stock, value  (0)(0)(0)  
Additional paid in capital61605856535148
Retained earnings1401091241261088970
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:204171185185164142121
TOTAL LIABILITIES AND EQUITY:317302330327292259232

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues209259288245212242290
Revenue, net245212242290
Cost of revenue
(Cost of Goods and Services Sold)
(180)(220)(260)(204)(172)(183)(244)
Gross profit:29392842405946
Operating expenses(26)(49)(25)(23)(21)(23)(22)
Other undisclosed operating income      1
Operating income (loss):3(11)218193625
Nonoperating income (expense)(2)(6)(5)(7)11(8)(3)
Investment income, nonoperating(0)(1)  12 1
Other nonoperating income (expense)10(0)(0)(0)(0)(0)
Interest and debt expense(2)(5)(0)(3)(2)(2)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(1)(22)(3)8282622
Loss from equity method investments      (1)
Other undisclosed income from continuing operations before income taxes2503222
Income (loss) from continuing operations before income taxes:1(16)(3)11302823
Income tax expense (benefit)4417(11)(10)(7)
Income (loss) from continuing operations:5(13)(2)18191916
Income (loss) from discontinued operations26(2)     
Net income (loss) available to common stockholders, diluted:31(15)(2)18191916

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):31(15)(2)18191916
Other comprehensive income      0
Comprehensive income (loss), net of tax, attributable to parent:31(15)(2)18191916

Statements sources

The financial statements are based on the company's filings with the 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.

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