Annual report pursuant to Section 13 and 15(d)

2. PACIFIC ETHANOL CENTRAL PLANTS (Tables)

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2. PACIFIC ETHANOL CENTRAL PLANTS (Tables)
 12 Months Ended
Dec. 31, 2015
Pacific Ethanol Central Plants  
Value and classification of assets that are collateral for obligations of New PE Holdco
       
Cash and cash equivalents   $ 18,756  
Accounts receivable     10,430  
Inventory     29,483  
Other current assets     8,304  
Total current assets     66,973  
Property and equipment     312,781  
Net deferred tax assets     12,159  
Other assets     750  
Total assets acquired   $ 392,663  
         
Accounts payable and accrued liabilities   $ 27,780  
Long-term debt - revolvers     13,721  
Long-term debt - term debt     142,744  
Pension plan liabilities     8,518  
Other non-current liabilities     25,327  
Total liabilities   $ 218,090  
         
Net assets acquired   $ 174,573  
Pro forma financial information regarding the acquisition
    Years Ended December 31,  
    2015     2014  
             
Net sales – pro forma   $ 1,484,676     $ 1,695,440  
Cost of goods sold – pro forma   $ 1,469,512     $ 1,528,387  
Selling, general and administrative expenses – pro forma   $ 34,735     $ 47,796  
Net income (loss) – pro forma   $ (34,136 )   $ 12,596  
Diluted net income (loss) per share – pro forma   $ (0.81 )   $ 0.31  
Diluted weighted-average shares – pro forma     42,053       40,428