Annual report pursuant to section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and cash equivalents $ 5,151 $ 7,586
Accounts receivable, net of allowance for doubtful accounts of $187 and $18, respectively 35,296 26,051
Inventories 23,386 16,244
Prepaid inventory 12,315 5,422
Other current assets 3,229 2,129
Total current assets 79,377 57,432
Total property and equipment, net 155,194 150,409
Other Assets:    
Intangible assets, net 3,260 3,734
Other assets 3,218 3,388
Total other assets 6,478 7,122
Total Assets 241,049 214,963
Current Liabilities:    
Accounts payable - trade 11,071 5,104
Accrued liabilities 5,851 2,913
Current portion - capital leases 4,830 0
Current portion - long-term debt ($750 and $0 due to a related party, respectively) 750 4,029
Other current liabilities 5,714 369
Total current liabilities 28,216 12,415
Long-term debt, net of current portion ($0 and $750 due to a related party, respectively) 98,408 117,253
Accrued preferred dividends 3,657 5,852
Capital lease liabilities 6,041 0
Warrant liabilities at fair value 8,215 4,892
Other liabilities 1,611 1,644
Total Liabilities 146,148 142,056
Commitments and contingencies (Notes 1, 5, 6 and 11)      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 16,126,287 and 9,789,408 shares issued and outstanding as of December 31, 2013 and 2012, respectively 16 10
Additional paid-in capital 621,557 582,861
Accumulated deficit (532,356) (530,310)
Total Pacific Ethanol, Inc. Stockholders' Equity 89,218 52,562
Noncontrolling interest 5,683 20,345
Total Stockholders' Equity 94,901 72,907
Total Liabilities and Stockholders' Equity 241,049 214,963
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 December 31, 2013 and 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2013 and 2012; liquidation preference of $21,733 as of December 31, 2013 0 0
Series B Preferred Stock
    
Current Liabilities:    
Accrued preferred dividends 3,657 5,852
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 December 31, 2013 and 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2013 and 2012; liquidation preference of $21,733 as of December 31, 2013 $ 1 $ 1