| Address:
|
7752 FM 418
|
| City: |
SILSBEE |
|
State: |
TX |
|
Zip Code: |
77656 |
| Telephone: |
409-385-8300 |
|
Description of Business
|
Primary SIC Code:
2911 |
| (As filed with the SEC)
|
|
|
Arabian American Development Company (the "Company") was organized as a Delaware
corporation in 1967. The Company's principal business activities include
manufacturing various specialty petrochemical products and developing mineral
properties in Saudi Arabia and the United States.
United States Activities. The Company's domestic activities are primarily
conducted through a wholly owned subsidiary, American Shield Refining Company
(the "Petrochemical Company"), which owns all of the capital stock of Texas Oil
and Chemical Co. II, Inc. ("TOCCO"). TOCCO owns all of the capital stock of
South Hampton Resources Inc. ("South Hampton"), and South Hampton owns all of
the capital stock of Gulf State Pipe Line Company, Inc. ("Gulf State"). South
Hampton owns and operates a specialty petrochemical facility near Silsbee, Texas
which produces high purity petrochemical solvents and other petroleum based
products. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 0.28 | NA | 8.57 | | 09/2009 | 0.03 | NA | 105.00 | | 06/2009 | -0.29 | NA | N/E | | 03/2009 | -0.26 | NA | N/E | | 12/2008 | -0.38 | NA | N/E | | 09/2008 | -0.08 | NA | N/E | | 06/2008 | 0.23 | NA | 24.96 | | 03/2008 | 0.19 | NA | 36.00 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | -0.20 | Total Liab/Total Assets | 0.52 | | Net Inc/Total Assets | -0.09 | Total Liab/Inv Cap | 0.83 | | Net Inc/Inv Cap | -0.14 | Total Liab/Comm Equity | 1.17 | | Pretax Inc/Net Sales | -0.09 | Interest Coverage Ratio | -21.89 | | Net Inc/Net Sales | -0.06 | Curr Debt/Equity | 0.29 | | Cash Flow/Net Sales | -0.04 | LTD/Equity | 0.50 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 0.79 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 8.68 | Quick Ratio | 1.28 | | Inventory Turnover | 59.70 | Current Ratio | 1.38 | | Inventory Day Sales | 0.18 | Net Rec/Curr Assets | 0.68 | | Net Sales/Work Cap | 17.62 | Inv/Curr Assets | 0.08 | | Net Sales/PP&E | 4.67 | | |
Income Statement (Millions) |
| |
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Total Revenues(Net Sales)
|
30.65
|
28.59
|
27.40
|
33.04
|
|
Cost of Goods Sold
|
26.35
|
22.16
|
18.43
|
40.25
|
|
Selling & Admin Exps
|
2.48
|
2.04
|
2.06
|
3.09
|
|
Operating Income
|
1.71
|
4.28
|
6.78
|
-10.06
|
|
Interest Exp
|
0.32
|
0.34
|
0.31
|
0.41
|
|
Pretax Income
|
1.46
|
3.94
|
6.43
|
-9.98
|
|
Other Income
|
0.08
|
0.00
|
-0.04
|
0.00
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
0.54
|
2.56
|
4.17
|
-6.53
|
|
Assets
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Cash & Short Term Investments
|
2.47
|
2.23
|
3.61
|
6.71
|
|
Receivables - Total
|
19.46
|
18.34
|
20.06
|
21.65
|
|
Inventories - Total
|
3.79
|
5.01
|
3.82
|
2.45
|
|
Total Current Assets
|
26.50
|
26.21
|
28.22
|
31.60
|
|
Net Property, Plant & Equipment
|
33.84
|
33.16
|
32.56
|
33.12
|
|
Total Assets
|
93.41
|
92.57
|
94.09
|
98.15
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
5.28
|
8.11
|
9.22
|
8.69
|
|
Debt in Current Liabilities
|
2.90
|
2.34
|
4.18
|
13.59
|
|
Total Current Liabilities
|
8.80
|
11.08
|
14.24
|
22.83
|
|
Long-Term Debt
|
23.96
|
22.52
|
23.96
|
23.56
|
|
Total Liabilities
|
38.75
|
38.26
|
42.91
|
51.30
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.27
|
NA
|
0.29
|
0.29
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
2.34
|
2.34
|
2.34
|
2.34
|
|
Retained Earnings
|
11.56
|
11.04
|
8.47
|
4.30
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
54.66
|
54.30
|
51.18
|
46.85
|
|
Total Liabilities and Stockholders' Equity
|
93.41
|
92.57
|
94.09
|
98.15
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Net Cash Provided by Operating Activities
|
-0.24
|
2.52
|
3.40
|
-1.63
|
|
Net Cash Provided by Investing Activities
|
-1.46
|
-1.44
|
-0.27
|
-0.55
|
|
Net Cash Provided by Financing Activities
|
1.95
|
-2.26
|
-2.48
|
2.49
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 59.79 | -2.55 | -0.11 | | 12/2005 | 80.37 | 16.64 | 0.43 | | 12/2006 | 98.50 | 7.88 | 0.34 | | 12/2007 | 108.64 | 7.77 | 0.33 | | 12/2008 | 154.63 | -8.87 | -0.38 | | Growth Rates | 26.81 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 14 | 2,947 | 12.58 |
|
Report Date :
3/15/2010
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