Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current Assets:    
Cash and cash equivalents $ 52,712 $ 62,084
Accounts receivable, net of allowance for doubtful accounts of $25 and $6, respectively 61,346 34,612
Inventories 60,820 18,550
Prepaid inventory 5,973 11,595
Income tax receivables 10,654 8,121
Other current assets 6,437 2,983
Total current assets 197,942 137,945
Property and equipment, net 464,960 155,302
Other Assets:    
Intangible assets, net 2,678 2,786
Other assets 9,563 1,863
Total other assets 12,241 4,649
Total Assets 675,143 297,896
Current Liabilities:    
Accounts payable - trade 30,520 13,122
Accrued liabilities 10,072 6,203
Current portion - capital leases 4,248 4,077
Current portion - long-term debt 17,003 0
Accrued PE Op Co. purchase 3,828 0
Other current liabilities 7,238 2,045
Total current liabilities 72,909 25,447
Long-term debt, net of current portion 204,324 34,533
Capital leases, net of current portion 4,183 2,055
Warrant liabilities at fair value 273 1,986
Deferred tax liabilities 1,174 15,434
Other liabilities 20,736 459
Total Liabilities $ 303,599 $ 79,914
Commitments and contingencies (Notes 1, 8, 9 and 15)
Pacific Ethanol, Inc. Stockholders' Equity:    
Additional paid-in capital $ 902,843 $ 725,813
Accumulated other comprehensive income 1,040 0
Accumulated deficit (532,383) (512,332)
Total Pacific Ethanol, Inc. Stockholders' Equity 371,544 213,507
Noncontrolling interests 0 4,475
Total Stockholders' Equity 371,544 217,982
Total Liabilities and Stockholders' Equity 675,143 297,896
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 December 31, 2015 and 2014; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2015 and 2014; liquidation preference of $18,075 as of December 31, 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 December 31, 2015 and 2014; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2015 and 2014; liquidation preference of $18,075 as of December 31, 2015 1 1
Common Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock value 39 25
Nonvoting Common Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock value $ 4 $ 0