Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 197,719 $ 173,148
Cost of goods sold 205,196 170,584
Gross profit (loss) (7,477) 2,564
Selling, general and administrative expenses 3,378 4,188
Loss from operations (10,855) (1,624)
Fair value adjustments on convertible debt and warrants (33) 926
Interest expense, net (2,909) (3,638)
Other expense, net (194) (343)
Loss before provision for income taxes (13,991) (4,679)
Provision for income taxes      
Consolidated net loss (13,991) (4,679)
Net loss attributed to noncontrolling interest in variable interest entity 9,038 4,697
Net income (loss) attributed to Pacific Ethanol, Inc. (4,953) 18
Preferred stock dividends (315) (312)
Net loss available to common stockholders $ (5,268) $ (294)
Net loss per share, basic and diluted (in Dollars per share) $ (0.06) $ (0.02)
Weighted-average shares outstanding, basic and diluted (in Shares) 86,222 13,582