Alto Ingredients, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

PLANT OWNERS' CONDENSED COMBINED FINANCIAL STATEMENTS.

PLANT OWNERS' CONDENSED COMBINED FINANCIAL STATEMENTS.

9 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2010

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

11.	PLANT OWNERS’ CONDENSED COMBINED FINANCIAL STATEMENTS.

Since the consolidated financial statements of the Company include entities other than the Plant Owners, the following presents the condensed combined financial statements of the Plant Owners. These condensed combined financial statements have been prepared, in all material respects, on the same basis as the consolidated financial statements of the Company. The condensed combined financial statements of the Plant Owners are as follows (unaudited, in thousands):

PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES

CONDENSED COMBINED STATEMENT OF OPERATIONS

Nine Months Ended September 30, 2010

Net sales	$	89,737
Cost of goods sold		98,140
Gross loss		(8,403	)
Selling, general and administrative expenses		1,829
Loss from operations		(10,232	)
Other expense, net		(1,253	)
Loss before reorganization costs and gain from bankruptcy exit		(11,485	)
Reorganization costs		(4,153	)
Gain from bankruptcy exit		119,408
Net income	$	103,770

PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES

CONDENSED COMBINED STATEMENT OF CASH FLOWS

Nine Months Ended September 30, 2010

Operating Activities:
Net cash used in operating activities	$	(6,808	)
Investing Activities:
Net cash impact of bankruptcy exit	$	(1,301	)
Additions to property and equipment		(310	)
Net cash used in investing activities	$	(1,611	)
Financing Activities:
Proceeds from borrowings	$	5,173
Net cash provided by financing activities	$	5,173
Net decrease in cash and cash equivalents		(3,246	)
Cash and cash equivalents at beginning of period		3,246
Cash and cash equivalents at end of period	$	—

15. PLANT OWNERS’ CONDENSED COMBINED FINANCIAL STATEMENTS

Since the consolidated financial statements of the Company include entities other than the Plant Owners, below are the condensed combined financial statements of the Plant Owners for the periods included in these consolidated financial statements during the pendency of their Chapter 11 Filings. These condensed combined financial statements have been prepared, in all material respects, on the same basis as the consolidated financial statements of the Company. The condensed combined financial statements of the Plant Owners during the pendency of their Chapter 11 Filings are as follows (unaudited, in thousands):

PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES

CONDENSED COMBINED BALANCE SHEET

As of December 31, 2009

ASSETS
Current Assets:
Cash and cash equivalents	$	3,246
Accounts receivable trade		716
Accounts receivable related parties		2,371
Inventories		7,789
Prepaid expenses		1,131
Other current assets		1,029
Total current assets		16,282
Property and equipment, net		160,000
Other assets		858
Total Assets	$	177,140

LIABILITIES AND MEMBER’S DEFICIT
Current Liabilities:
Accounts payable – trade	$	2,219
Accrued liabilities		174
Other liabilities – related parties		36
DIP financing and rollup		39,654
Other current liabilities		1,504
Total current liabilities		43,587

Other liabilities		61
Liabilities subject to compromise		242,417
Total Liabilities		286,065
Member’s Deficit:
Member’s equity		257,487
Accumulated deficit		(366,412	)
Total Member’s Deficit		(108,925	)
Total Liabilities and Member’s Deficit	$	177,140

PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES

CONDENSED COMBINED STATEMENTS OF OPERATIONS

	January 1, 2010 to June 29, 2010			May 17, 2009 to December 31, 2009

Net sales	$	89,737		$	50,448
Cost of goods sold		98,140			66,470
Gross loss		(8,403	)		(16,022	)
Selling, general and administrative expenses		1,829			2,420
Asset impairments		—			247,657
Loss from operations		(10,232	)		(266,099	)
Other expense, net		(1,253	)		(267	)
Loss before reorganization costs and gain from bankruptcy exit		(11,485	)		(266,366	)
Reorganization costs		(4,153	)		(11,607	)
Gain from bankruptcy exit		119,408			—
Net income (loss)	$	103,770		$	(277,973	)

PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES

CONDENSED COMBINED STATEMENTS OF CASH FLOWS

	January 1, 2010 to June 29, 2010			May 17, 2009 to December 31, 2009
Operating Activities:
Net income (loss)	$	103,770		$	(277,973	)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Non-cash reorganization costs:
Gain on bankruptcy exit		(119,408	)		—
Write-off of unamortized deferred financing fees		—			7,545
Settlement of accrued liability		—			(2,008	)
Asset impairments		—			247,657
Depreciation and amortization of intangibles		5,064			16,042
Gain on derivative instruments		(1,206	)		(1,572	)
Amortization of deferred financing costs		85			61
Changes in operating assets and liabilities:
Accounts receivable		(5,059	)		(103	)
Inventories		2,948			(5,016	)
Prepaid expenses and other assets		159			(378	)
Accounts payable and accrued expenses		6,839			(442	)
Net cash used in operating activities	$	(6,808	)	$	(16,187	)
Investing Activities:
Additions to property and equipment	$	(310	)	$	(446	)
Net cash impact of bankruptcy exit		(1,301	)		—
Net cash used in investing activities	$	(1,611	)	$	(446	)
Financing Activities:
Proceeds from borrowings under DIP financing	$	5,173		$	19,827
Net cash provided by financing activities	$	5,173		$	19,827
Net increase (decrease) in cash and cash equivalents		(3,246	)		3,194
Cash and cash equivalents at beginning of period		3,246			52
Cash and cash equivalents at end of period	$	—		$	3,246

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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