Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 18,671 $ 8,914
Accounts receivable, net 27,513 28,140
Inventories 14,374 16,131
Prepaid inventory 6,095 9,239
Other current assets 2,312 4,324
Total current assets 68,965 66,748
Property and equipment, net 153,109 159,617
Other Assets:    
Intangible assets, net 3,865 4,458
Other assets 1,723 1,653
Total other assets 5,588 6,111
Total Assets** 227,662 232,476
Current Liabilities:    
Accounts payable - trade 8,484 5,519
Accrued liabilities 3,560 2,713
Accrued preferred dividends    7,315
Current portion - long-term debt (including $750 to related party) 50,105 750
Total current liabilities 62,149 16,297
Long-term debt, net of current portion 68,990 93,689
Accrued preferred dividends 6,583   
Warrant liabilities 6,495 1,921
Other liabilities 1,348 1,305
Total Liabilities** 145,565 113,212
Commitments and Contingencies (Notes 4, 5 and 7)      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 144,710,897 and 86,631,664 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 145 87
Additional paid-in capital 581,985 556,871
Accumulated deficit (524,487) (509,985)
Total Pacific Ethanol, Inc. Stockholders' Equity 57,644 46,974
Noncontrolling interest in variable interest entity 24,453 72,290
Total Stockholders' Equity 82,097 119,264
Total Liabilities and Stockholders' Equity 227,662 232,476
SeriesAPreferredStockMember
    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; Series A: 1,684,375 shares authorized; 0 shares issued and outstanding as of September 30, 2012 and December 31, 2011; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of September 30, 2012 and December 31, 2011; liquidation preference of $24,659 as of September 30, 2012 0 0
SeriesBPreferredStockMember
    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; Series A: 1,684,375 shares authorized; 0 shares issued and outstanding as of September 30, 2012 and December 31, 2011; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of September 30, 2012 and December 31, 2011; liquidation preference of $24,659 as of September 30, 2012 $ 1 $ 1