Net income increased from $15,586,000, or $0.38 per diluted share, for the first six months of 2012 compared with $32,206,000 or $0.75 per diluted share for the first six months of 2013. This increase was the net result of the factors noted above. Adjusted EBITDA totaled $43,074,000 in the first six months of 2013 as compared to $22,524,000 in the first six months of 2012.Capital Expenditures Capital expenditures were $5,733,000 in the first six months of 2013, compared with $4,068,000 in the first six months of 2012. FutureFuel was reimbursed for a portion of these expenditures by certain customers as summarized in the following table.
|(Dollars in thousands)|
|Six Months Ended June 30, 2013||Six Months Ended June 30, 2012|
|Cash paid for capital expenditures||$ 5,733||$ 4,068|
|Cash received as reimbursement of capital expenditures||(2,127)||(289)|
|Cash paid, net of reimbursement, for capital expenditures||$ 3,606||$ 3,779|