Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 31,673 $ 52,712
Accounts receivable, net (net of allowance for doubtful accounts of $311 and $25, respectively) 71,946 61,346
Inventories 65,928 60,820
Prepaid inventory 10,319 5,973
Income tax receivables 6,114 10,654
Derivative Instruments 13,299 2,081
Other current assets 4,055 4,356
Total current assets 203,334 197,942
Property and equipment, net 454,775 464,960
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 4,933 9,100
Total other assets 7,611 11,778
Total Assets 665,720 674,680
Current Liabilities:    
Accounts payable - trade 23,844 30,520
Accrued liabilities 15,156 10,072
Current portion - capital leases 4,431 4,248
Current portion - long-term debt 0 17,003
Derivative instruments 12,166 1,848
Accrued PE Op Co. purchase 3,828 3,828
Other current liabilities 6,026 5,390
Total current liabilities 65,451 72,909
Long-term debt, net of current portion 215,041 203,861
Capital leases, net of current portion 1,921 4,183
Warrant liabilities at fair value 257 273
Deferred tax liabilities 1,174 1,174
Other liabilities 18,261 20,736
Total Liabilities 302,105 303,136
Commitments and Contingencies (Note 7)  
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, 2016 and December 31, 2015; 1 1
Common stock, $0.001 par value; 300,000,000 shares authorized; 39,617,328 and 38,974,972 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 40 39
Non-voting common stock, $0.001 par value; 3,553,000 shares authorized; 3,540,132 shares issued and outstanding as of June 30, 2016 and December 31, 2015 4 4
Additional paid-in capital 903,683 902,843
Accumulated other comprehensive income 1,040 1,040
Accumulated deficit (541,153) (532,383)
Total Stockholders' Equity 363,615 371,544
Total Liabilities and Stockholders' Equity $ 665,720 $ 674,680