Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 4,194 $ 7,586
Accounts receivable, net (net of allowance for doubtful accounts of $226 and $18, respectively) 32,169 26,051
Inventories 17,536 16,244
Prepaid inventory 9,644 5,422
Other current assets 1,978 2,129
Total current assets 65,521 57,432
Property and equipment, net 147,863 150,409
Intangible assets, net 3,615 3,734
Other assets 4,425 3,388
Total other assets 8,040 7,122
Total Assets** 221,424 214,963
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable - trade 9,729 5,104
Accrued liabilities 5,030 3,282
Current portion - long-term debt ($750 due to a related party) 8,496 4,029
Total current liabilities 23,255 12,415
Long-term debt, net of current portion 113,833 117,253
Accrued preferred dividends 5,120 5,852
Warrant liabilities and conversion feature at fair value 9,480 4,892
Other liabilities 1,638 1,644
Total Liabilities** 153,326 142,056
Commitments and Contingencies (Notes 5 and 7)      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 10,495,824 and 9,789,408 shares issued and outstanding as of March 31, 2013 and December 31, 2012, respectively 10 10
Additional paid-in capital 594,766 582,861
Accumulated deficit (536,076) (530,310)
Total Pacific Ethanol, Inc. Stockholders' Equity 58,701 52,562
Noncontrolling interest in variable interest entity 9,397 20,345
Total Stockholders' Equity 68,098 72,907
Total Liabilities and Stockholders' Equity 221,424 214,963
Series A Preferred Stock
    
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 March 31, 2013 and December 31, 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of March 31, 2013 and December 31, 2012; liquidation preference of $23,196 as of March 31, 2013 0 0
Series B Preferred Stock
    
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 March 31, 2013 and December 31, 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of March 31, 2013 and December 31, 2012; liquidation preference of $23,196 as of March 31, 2013 $ 1 $ 1