Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 56,923 $ 68,590
Accounts receivable, net (net of allowance for doubtful accounts of $18 and $331, respectively) 72,282 86,275
Inventories 71,819 60,070
Prepaid inventory 5,622 9,946
Income tax receivables 129 5,730
Derivative Instruments 3,017 978
Other current assets 3,026 3,612
Total current assets 212,818 235,201
Property and equipment, net 509,369 465,190
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 5,785 5,169
Total other assets 8,463 7,847
Total Assets 730,650 708,238
Current Liabilities:    
Accounts payable - trade 41,178 37,051
Accrued liabilities 22,245 20,280
Current portion - capital leases 799 794
Current portion - long-term debt 20,000 10,500
Derivative instruments 2,755 4,115
Accrued PE Op Co. purchase 3,828 3,828
Other current liabilities 1,591 2,273
Total current liabilities 92,396 78,841
Long-term debt, net of current portion 220,304 188,028
Capital leases, net of current portion 134 547
Warrant liabilities at fair value 0 651
Other liabilities 20,915 21,910
Total Liabilities 333,749 289,977
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000 shares authorized; 43,971 and 39,772 shares issued and outstanding as of September 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 September 30, 2017 and December 31, 2016, respectively 0 4
Additional paid-in capital 926,248 922,698
Accumulated other comprehensive (loss) (2,620) (2,620)
Accumulated deficit (554,858) (532,233)
Total Pacific Ethanol, Inc. Stockholders' Equity 368,815 387,890
Noncontrolling interests 28,086 30,371
Total Stockholders' Equity 396,901 418,261
Total Liabilities and Stockholders' Equity 730,650 708,238
Series A Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized 0 0
Series B Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized $ 1 $ 1