Annual report pursuant to Section 13 and 15(d)

15. QUARTERLY FINANCIAL DATA

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15. QUARTERLY FINANCIAL DATA
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
15. QUARTERLY FINANCIAL DATA

The Company’s unaudited quarterly results of operations for the years ended December 31, 2014 and 2013 are as follows (in thousands):

 

    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 
December 31, 2014:                        
Net sales   $ 254,543     $ 321,144     $ 275,573     $ 256,152  
Gross profit   $ 38,545     $ 33,576     $ 17,986     $ 18,378  
Income from operations   $ 34,875     $ 29,261     $ 13,594     $ 13,647  
Net income (loss) attributed to Pacific Ethanol, Inc.   $ (10,826 )   $ 15,572     $ 4,025     $ 12,518  
Preferred stock dividends   $ (312 )   $ (315 )   $ (319 )   $ (319 )
Net income (loss) available to common stockholders   $ (11,138 )   $ 15,257     $ 3,706     $ 12,199  
Income (loss) per common share:                                
Basic   $ (0.69 )   $ 0.77     $ 0.16     $ 0.51  
Diluted   $ (0.69 )   $ 0.68     $ 0.15     $ 0.50  

 

    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 
December 31, 2013:                        
Net sales   $ 225,459     $ 233,808     $ 233,880     $ 215,290  
Gross profit   $ 846     $ 6,965     $ 3,523     $ 21,596  
Income (loss) from operations   $ (3,159 )   $ 3,832     $ 1,012     $ 17,224  
Net income (loss) attributed to Pacific Ethanol, Inc.   $ (5,454 )   $ 1,051     $ (4,971 )   $ 8,593  
Preferred stock dividends   $ (312 )   $ (315 )   $ (319 )   $ (319 )
Net income (loss) available to common stockholders   $ (5,766 )   $ 736     $ (5,290 )   $ 8,274  
Loss per common share:                                
Basic   $ (0.57 )   $ 0.07     $ (0.40 )   $ 0.55  
Diluted   $ (0.57 )   $ 0.07     $ (0.40 )   $ 0.54