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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments67381998
Cash and cash equivalents67381998
Receivables27273126272922
Inventory, net of allowances, customer advances and progress billings14171818161312
Inventory14171818161312
Prepaid expense2111   
Prepaid expense and other current assets2
Income taxes receivable1
Deferred tax assets  2221
Other undisclosed current assets36442331
Total current assets:84555758665546
Noncurrent Assets
Property, plant and equipment189195182140977442
Long-term investments and receivables  4549485355
Long-term investments  4549485355
Intangible assets, net (including goodwill)154143444648
Goodwill 2222222222 
Intangible assets, net (excluding goodwill)151921232526 
Other noncurrent assets   012 
Prepaid expense and other noncurrent assets1
Deferred tax assets, net   (17)(10)(12)
Other undisclosed noncurrent assets143911171112
Total noncurrent assets:21827527023519217797
TOTAL ASSETS:302330327292259232144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20252215121811
Accounts payable151918138107
Accrued liabilities6542453
Employee-related liabilities     3 
Taxes payable     00
Debt74810871
Derivative instruments and hedges, liabilities   0000
Postemployment benefits liability0000000
Accrued environmental loss contingencies      0
Deferred revenue and credits11222
Other liabilities11     
Other undisclosed current liabilities1(0)   (3)(0)
Total current liabilities:29293227232514
Noncurrent Liabilities
Long-term debt and lease obligation83989173747312
Long-term debt, excluding current maturities79989173747312
Capital lease obligations4      
Liabilities, other than long-term debt1172028201214
Deferred revenue and credits22211
Deferred tax liabilities, net161725171012
Postemployment benefits liability1
Liability, pension and other postretirement and postemployment benefits001111
Other liabilities11     
Derivative instruments and hedges, liabilities    000
Other undisclosed noncurrent liabilities18      
Total noncurrent liabilities:102115111101938626
Total liabilities:13014514212811611140
Stockholders' equity
Stockholders' equity attributable to parent171185185164142121103
Common stock2222222
Treasury stock, value (0)(0)(0)   
Additional paid in capital60585653514846
Accumulated other comprehensive loss      (0)
Retained earnings109124126108897055
Stockholders' equity attributable to noncontrolling interest0000000
Total stockholders' equity:171185185164142121103
TOTAL LIABILITIES AND EQUITY:302330327292259232144

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues259288245212242290236
Revenue, net245212242290236
Cost of revenue
(Cost of Goods and Services Sold)
(220)(260)(204)(172)(183)(244)(201)
Gross profit:39284240594635
Operating expenses(49)(25)(23)(21)(23)(22)(16)
Other undisclosed operating income     11
Operating income (loss):(11)21819362520
Nonoperating income (expense)(6)(5)(7)11(8)(3)8
Investment income, nonoperating(1)  12 11
Interest and debt expense(5)(0)(3)(2)(2)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:(22)(3)828262227
Income (loss) from equity method investments     (1)5
Other undisclosed income (loss) from continuing operations before income taxes503222(4)
Income (loss) from continuing operations before income taxes:(16)(3)1130282328
Income tax expense (benefit)417(11)(10)(7)(8)
Income (loss) from continuing operations:(13)(2)1819191619
Loss from discontinued operations(2)      
Net income (loss) available to common stockholders, diluted:(15)(2)1819191619

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(15)(2)1819191619
Other comprehensive income     0 
Other undisclosed comprehensive income      0
Comprehensive income (loss):(15)(2)1819191620
Other undisclosed comprehensive loss, net of tax, attributable to parent      (19)
Comprehensive income (loss), net of tax, attributable to parent:(15)(2)181919160

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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