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, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 91,454 $ 68,590
Accounts receivable, net (net of allowance for doubtful accounts of $16 and $331, respectively) 46,438 86,275
Inventories 63,087 60,070
Prepaid inventory 10,432 9,946
Income tax receivables 5,727 5,730
Derivative Instruments 1,150 978
Other current assets 2,483 3,612
Total current assets 220,771 235,201
Property and equipment, net 453,011 465,190
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 8,117 5,169
Total other assets 10,795 7,847
Total Assets 684,577 708,238
Current Liabilities:    
Accounts payable - trade 28,234 37,051
Accrued liabilities 17,823 20,280
Current portion - capital leases 838 794
Current portion - long-term debt 14,000 10,500
Derivative instruments 1,721 4,115
Accrued PE Op Co. purchase 3,828 3,828
Other current liabilities 1,547 2,273
Total current liabilities 67,991 78,841
Long-term debt, net of current portion 199,599 188,028
Capital leases, net of current portion 117 547
Warrant liabilities at fair value 651
Other liabilities 20,446 21,910
Total Liabilities 288,153 289,977
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000 shares authorized; 43,909 and 39,772 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 44 40
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 and 3,540 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 0 4
Additional paid-in capital 924,911 922,698
Accumulated other comprehensive (loss) (2,620) (2,620)
Accumulated deficit (554,337) (532,233)
Total Pacific Ethanol, Inc. Stockholders' Equity 367,999 387,890
Noncontrolling interests 28,425 30,371
Total Stockholders' Equity 396,424 418,261
Total Liabilities and Stockholders' Equity 684,577 708,238
Series A Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; 1 1
Series B Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; $ 1 $ 1