Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
Net sales $ 1,424,881 $ 1,515,371
Cost of goods sold 1,434,819 1,530,535
Gross loss (9,938) (15,164)
Selling, general and administrative expenses 35,453 36,373
Asset impairment 29,292
Loss from operations (74,683) (51,537)
Loss on debt extinguishment (6,517)
Interest expense, net (20,206) (17,132)
Other income, net 104 171
Loss before benefit for income taxes (101,302) (68,498)
Benefit for income taxes 20 562
Consolidated net loss (101,282) (67,936)
Net loss attributed to noncontrolling interests 12,333 7,663
Net loss attributed to Pacific Ethanol, Inc. (88,949) (60,273)
Preferred stock dividends (1,265) (1,265)
Loss available to common stockholders $ (90,214) $ (61,538)
Loss per share, basic and diluted $ (1.9) $ (1.42)
Weighted-average shares outstanding, basic and diluted 47,384 43,376