Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 25,923 $ 5,151
Accounts receivable, net 43,063 35,296
Inventories 27,580 23,386
Prepaid inventory 14,814 12,315
Other current assets 1,033 3,229
Total current assets 112,413 79,377
Property and equipment, net 155,528 155,194
Other Assets:    
Intangible assets, net 3,023 3,260
Other assets 1,749 3,218
Total other assets 4,772 6,478
Total Assets 272,713 241,049
Current Liabilities:    
Accounts payable - trade 16,619 11,071
Accrued liabilities 10,440 5,851
Current portion - capital leases 4,802 4,830
Current portion - long-term debt due to a related party 0 750
Other current liabilities 1,419 5,714
Total current liabilities 33,280 28,216
Long-term debt, net of current portion 38,374 98,408
Accrued preferred dividends 2,194 3,657
Capital leases, net of current portion 3,710 6,041
Warrant liabilities at fair value 22,763 8,215
Other liabilities 4,495 1,611
Total Liabilities 104,816 146,148
Commitments and Contingencies      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 21,234,805 and 16,126,287 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively 21 16
Additional paid-in capital 687,026 621,557
Accumulated deficit (528,237) (532,356)
Total Pacific Ethanol, Inc. Stockholders' Equity 158,811 89,218
Noncontrolling interest 9,086 5,683
Total Stockholders' Equity 167,897 94,901
Total Liabilities and Stockholders' Equity 272,713 241,049
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 June 30, 2014 and December 31, 2013; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2014 and December 31, 2013; liquidation preference of $20,270 as of June 30, 2014 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 June 30, 2014 and December 31, 2013; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2014 and December 31, 2013; liquidation preference of $20,270 as of June 30, 2014 $ 1 $ 1