Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 19,207 $ 52,712
Accounts receivable, net (net of allowance for doubtful accounts of $281 and $25, respectively) 63,414 61,346
Inventories 69,262 60,820
Prepaid inventory 6,008 5,973
Income tax receivables 6,120 10,654
Other current assets 6,222 6,437
Total current assets 170,233 197,942
Property and equipment, net 461,275 464,960
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 9,013 9,100
Total other assets 11,691 11,778
Total Assets 643,199 674,680
Current Liabilities:    
Accounts payable - trade 27,080 30,520
Accrued liabilities 15,016 10,072
Current portion - capital leases $ 4,338 4,248
Current portion - long-term debt 17,003
Accrued PE Op Co. purchase $ 3,828 3,828
Other current liabilities 7,294 7,238
Total current liabilities 57,556 72,909
Long-term debt, net of current portion 202,973 203,861
Capital leases, net of current portion 3,064 4,183
Warrant liabilities at fair value 234 273
Deferred tax liabilities 1,174 1,174
Other liabilities 19,614 20,736
Total Liabilities 284,615 $ 303,136
Commitments and Contingencies (Note 6)  
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 March 31, 2016 and December 31, 2015; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of March 31, 2016 and December 31, 2015; liquidation preference of $18,075 as of March 31, 2016 1 $ 1
Common stock, $0.001 par value; 300,000,000 shares authorized; 39,351,765 and 38,974,972 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively 39 39
Non-voting common stock, $0.001 par value; 3,553,000 shares authorized; 3,540,132 shares issued and outstanding as of March 31, 2016 and December 31, 2015 4 4
Additional paid-in capital 903,424 902,843
Accumulated other comprehensive income 1,040 1,040
Accumulated deficit (545,924) (532,383)
Total Stockholders' Equity 358,584 371,544
Total Liabilities and Stockholders' Equity $ 643,199 $ 674,680