Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 49,262 $ 62,084
Accounts receivable, net 28,591 34,612
Inventories 18,871 18,550
Prepaid inventory 8,014 11,595
Other current assets 12,926 12,710
Total current assets 117,664 139,551
Property and equipment, net 160,828 155,302
Other Assets:    
Intangible assets, net 2,678 2,786
Other assets 1,776 1,863
Total other assets 4,454 4,649
Total Assets 282,946 299,502
Current Liabilities:    
Accounts payable - trade 20,307 13,122
Accrued liabilities 3,305 6,203
Current portion - capital leases 1,735 4,077
Other current liabilities 593 2,045
Total current liabilities 25,940 25,447
Long-term debt, net of current portion 25,559 34,533
Capital leases, net of current portion 1,707 2,055
Warrant liabilities at fair value 1,703 1,986
Deferred tax liabilities 17,040 17,040
Other liabilities 427 459
Total Liabilities $ 72,376 $ 81,520
Commitments and Contingencies    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; Series A: 1,684,375 shares authorized; no shares issued and outstanding as of June 30, 2015 and December 31, 2014; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2015 and December 31, 2014; liquidation preference of $18,075 as of June 30, 2015 $ 1 $ 1
Common stock, $0.001 par value; 300,000,000 shares authorized; 24,694,243 and 24,499,534 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively 25 25
Additional paid-in capital 726,873 725,813
Accumulated deficit (516,329) (512,332)
Total Pacific Ethanol, Inc. Stockholders' Equity 210,570 213,507
Noncontrolling interest 0 4,475
Total Stockholders' Equity 210,570 217,982
Total Liabilities and Stockholders' Equity 282,946 299,502
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; no shares issued and outstanding as of June 30, 2015 and December 31, 2014; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2015 and December 31, 2014; liquidation preference of $18,075 as of June 30, 2015 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; no shares issued and outstanding as of June 30, 2015 and December 31, 2014; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2015 and December 31, 2014; liquidation preference of $18,075 as of June 30, 2015 $ 1 $ 1