| QUARTERLY FINANCIAL DATA (UNAUDITED). |
| 17. |
QUARTERLY FINANCIAL DATA (UNAUDITED). |
The
Company’s quarterly results of operations for the years ended December 31, 2018 and 2017 are as follows (in thousands).
| |
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
| December
31, 2018: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net
sales |
|
$ |
400,027 |
|
|
$ |
410,522 |
|
|
$ |
370,407 |
|
|
$ |
334,415 |
|
| Gross
profit (loss) |
|
$ |
3,362 |
|
|
$ |
(1,273 |
) |
|
$ |
3,768 |
|
|
$ |
(21,021 |
) |
| Loss
from operations |
|
$ |
(5,953 |
) |
|
$ |
(10,171 |
) |
|
$ |
(5,202 |
) |
|
$ |
(30,211 |
) |
| Net
loss attributed to Pacific Ethanol, Inc. |
|
$ |
(7,841 |
) |
|
$ |
(12,908 |
) |
|
$ |
(7,514 |
) |
|
$ |
(32,010 |
) |
| Preferred
stock dividends |
|
$ |
(312 |
) |
|
$ |
(315 |
) |
|
$ |
(319 |
) |
|
$ |
(319 |
) |
| Net
loss available to common stockholders |
|
$ |
(8,153 |
) |
|
$ |
(13,223 |
) |
|
$ |
(7,833 |
) |
|
$ |
(32,329 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
and diluted loss per common share |
|
$ |
(0.19 |
) |
|
$ |
(0.31 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.74 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
) |
|