Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 18,997 $ 26,627
Accounts receivable, net of allowance for doubtful accounts of $39 and $12, respectively 74,307 67,636
Inventories 60,600 57,820
Prepaid inventory 1,528 3,090
Derivative assets 2,438 1,765
Assets held-for-sale 69,764
Other current assets 4,430 11,866
Total current assets 232,064 168,804
Property and equipment, net 332,526 482,657
Other Assets:    
Right of use operating lease assets, net 24,346
Assets held-for-sale 16,500
Intangible asset 2,678 2,678
Other assets 4,381 5,842
Total other assets 47,905 8,520
Total Assets 612,495 659,981
Current Liabilities:    
Accounts payable - trade 29,277 48,176
Accrued liabilities 22,331 23,421
Current portion - operating leases 3,457
Current portion - long-term debt, net 63,000 146,671
Derivative liabilities 1,860 6,309
Liabilities held-for-sale 34,413
Other current liabilities 6,060 7,282
Total current liabilities 160,398 231,859
Long-term debt, net of current portion 180,795 84,767
Operating leases, net of current portion 21,171
Other liabilities 23,086 23,990
Total Liabilities 385,450 340,616
Commitments and contingencies (Notes 1, 8, 9, 10 and 15)
Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 55,508,314 and 45,771,422 shares issued and outstanding as of December 31, 2019 and 2018, respectively 56 46
Non-voting common stock, $0.001 par value; 3,553,000 shares authorized; 896 shares issued and outstanding as of December 31, 2019 and 2018
Additional paid-in capital 942,307 932,179
Accumulated other comprehensive loss (2,370) (2,459)
Accumulated deficit (720,214) (630,000)
Total Pacific Ethanol, Inc. stockholders' equity 219,780 299,767
Noncontrolling interests 7,265 19,598
Total stockholders' equity 227,045 319,365
Total Liabilities and Stockholders' Equity 612,495 659,981
Series A Preferred Stock    
Stockholders' Equity:    
Preferred stock, value
Series B Preferred Stock    
Stockholders' Equity:    
Preferred stock, value $ 1 $ 1