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, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net sales $ 254,543 $ 225,459
Cost of goods sold 215,998 224,613
Gross profit 38,545 846
Selling, general and administrative expenses 3,670 4,005
Income (loss) from operations 34,875 (3,159)
Fair value adjustments (35,844) (692)
Interest expense, net (4,351) (3,481)
Gain on extinguishment of debt 0 817
Other expense, net (227) (87)
Loss before provision for income taxes (5,547) (6,602)
Provision for income taxes (3,270) 0
Consolidated net loss (8,817) (6,602)
Net (income) loss attributed to noncontrolling interest (2,009) 1,148
Net loss attributed to Pacific Ethanol, Inc.. (10,826) (5,454)
Preferred stock dividends (312) (312)
Net loss available to common stockholders $ (11,138) $ (5,766)
Net loss per share, basic and diluted $ (0.69) $ (0.57)
Weighted-average shares outstanding, basic and diluted 16,181,000 10,060,000