Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 38,730 $ 18,997 [1]
Accounts receivable, net (net of allowance for doubtful accounts of $16 and $39, respectively) 44,465 74,307 [1]
Inventories 37,706 60,600 [1]
Prepaid inventory 1,215 1,528 [1]
Assets held-for-sale 6,920 69,764 [1]
Derivative instruments 5,792 2,438 [1]
Other current assets 2,887 4,430 [1]
Total current assets 137,715 232,064 [1]
Property and equipment, net 306,251 332,526 [1]
Other Assets:    
Right of use operating lease assets, net 21,710 24,346 [1]
Notes receivable 15,624 [1]
Assets held-for-sale [1]   16,500
Intangible assets 2,678 2,678 [1]
Other assets 5,484 4,381 [1]
Total other assets 45,496 47,905 [1]
Total Assets 489,462 612,495 [1]
Current Liabilities:    
Accounts payable – trade 17,582 29,277 [1]
Accrued liabilities 11,721 22,331 [1]
Current portion – operating leases 2,541 3,457 [1]
Current portion – long-term debt 74,900 63,000 [1]
Liabilities held-for-sale 34,413 [1]
Derivative instruments 1,860 [1]
Other current liabilities 8,361 6,060 [1]
Total current liabilities 115,105 160,398 [1]
Long-term debt, net of current portion 87,989 180,795 [1]
Operating leases, net of current portion 19,659 21,171 [1]
Other liabilities 21,493 23,086 [1]
Total Liabilities 244,246 385,450 [1]
Commitments and Contingencies (Note 7) [1]  
Pacific Ethanol, Inc. Stockholders’ Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; Series A: 1,684 shares authorized; no shares issued and outstanding as of September 30, 2020 and December 31, 2019; Series B: 1,581 shares authorized; 927 shares issued and outstanding as of September 30, 2020 and December 31, 2019; liquidation preference of $19,344 as of September 30, 2020 1 1
Common stock value 63 56
Additional paid-in capital 963,606 942,307 [1]
Accumulated other comprehensive loss (2,370) (2,370) [1]
Accumulated deficit (716,084) (720,214) [1]
Total Pacific Ethanol, Inc. Stockholders’ Equity 245,216 219,780 [1]
Noncontrolling interests 7,265 [1]
Total Stockholders’ Equity 245,216 227,045 [1]
Total Liabilities and Stockholders’ Equity 489,462 612,495 [1]
Non-Voting Common Stock    
Pacific Ethanol, Inc. Stockholders’ Equity:    
Common stock value
[1] Amounts derived from the audited consolidated financial statements for the year ended December 31, 2019.