Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED).

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QUARTERLY FINANCIAL DATA (UNAUDITED).
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED).
17. QUARTERLY FINANCIAL DATA (UNAUDITED).

 

The Company’s quarterly results of operations for the years ended December 31, 2017 and 2016 are as follows (in thousands). Certain of these calculations have been revised from the calculations previously reported to reflect the participating securities.

 

    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 
December 31, 2017:                                
                                 
Net sales   $ 386,340     $ 405,202     $ 445,442     $ 395,271  
Gross profit (loss)   $ (5,773 )   $ 1,653     $ 12,065     $ (2,014 )
Income (loss) from operations   $ (11,223 )   $ (7,109 )   $ 3,345     $ (10,598 )
Net loss attributed to Pacific Ethanol, Inc.   $ (12,636 )   $ (8,841 )   $ (202 )   $ (13,285 )
Preferred stock dividends   $ (312 )   $ (315 )   $ (319 )   $ (319 )
Net loss available to common stockholders   $ (12,948 )   $ (9,156 )   $ (521 )   $ (13,604 )
                                 
Basic and diluted loss per common share   $ (0.31 )   $ (0.22 )   $ (0.01 )   $ (0.32 )
                         
    First
Quarter
    Second
Quarter
    Third
Quarter
    Fourth
Quarter
 
December 31, 2016:                                
                                 
Net sales   $ 342,373     $ 422,860     $ 417,806     $ 441,719  
Gross profit   $ 1,668     $ 18,355     $ 7,021     $ 27,314  
Income (loss) from operations   $ (7,248 )   $ 11,556     $ 393     $ 18,808  
Net income (loss) attributed to Pacific Ethanol, Inc.   $ (13,226 )   $ 5,086     $ (3,518 )   $ 13,077  
Preferred stock dividends   $ (315 )   $ (315 )   $ (319 )   $ (320 )
Income allocated to participating securities   $     $ (71 )   $     $ (189 )
Net income (loss) available to common stockholders   $ (13,541 )   $ 4,700     $ (3,837 )   $ 12,569  
                                 
Basic and diluted income (loss) per common share   $ (0.32 )   $ 0.11     $ (0.09 )   $ 0.30