Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS (unaudited)

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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 21,751 $ 26,627 [1]
Accounts receivable, net (net of allowance for doubtful accounts of $38 and $12, respectively) 78,402 67,636 [1]
Inventories 62,731 57,820 [1]
Prepaid inventory 5,140 3,090 [1]
Income tax receivable 612 612 [1]
Derivative instruments 1,155 1,765 [1]
Other current assets 6,906 11,254 [1]
Total current assets 176,697 168,804 [1]
Property and equipment, net 472,735 482,657 [1]
Other Assets:    
Right of use operating lease assets, net 41,839 [1]
Intangible asset 2,678 2,678 [1]
Other assets 5,072 5,842 [1]
Total other assets 49,589 8,520 [1]
Total Assets 699,021 659,981 [1]
Current Liabilities:    
Accounts payable - trade 50,531 48,176 [1]
Accrued liabilities 22,773 23,421 [1]
Current portion - operating leases 7,568 [1]
Current portion - long-term debt 143,148 146,671 [1]
Derivative instruments 5,156 6,309 [1]
Other current liabilities 6,993 7,282 [1]
Total current liabilities 236,169 231,859 [1]
Long-term debt, net of current portion 96,433 84,767 [1]
Operating leases, net of current portion 33,091 [1]
Assessment financing 9,342 9,342 [1]
Other liabilities 14,627 14,648 [1]
Total Liabilities 389,662 340,616 [1]
Commitments and Contingencies (Note 7)
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, value [1]
Common stock, $0.001 par value; 300,000 shares authorized; 48,884 and 45,771 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 49 46 [1]
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 share issued and outstanding as of March 31, 2019 and December 31, 2018 [1]
Additional paid-in capital 936,643 932,179 [1]
Accumulated other comprehensive loss (2,459) (2,459) [1]
Accumulated deficit (643,202) (630,000) [1]
Total Pacific Ethanol, Inc. Stockholders' Equity 291,032 299,767 [1]
Noncontrolling interests 18,327 19,598 [1]
Total Stockholders' Equity 309,359 319,365
Total Liabilities and Stockholders' Equity 699,021 659,981 [1]
Series A Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, value [1]
Series B Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, value $ 1 $ 1 [1]
[1] Amounts derived from the audited financial statements for the year ended December 31, 2018.