Annual report pursuant to Section 13 and 15(d)

1. ORGANIZATION AND BASIS OF PRESENTATION (Tables)

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1. ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 12 Months Ended
Dec. 31, 2014
Organization And Basis Of Presentation Tables  
Concentrations of Credit Risk Major Customers
    Years Ended December 31,  
    2014     2013     2012  
Customer A     20%     23%     21%
Customer B     20%     17%     16%
Customer C     8%     12%     12%
Customer D     11%     6%      2%
Purchases from external customers
    Years Ended December 31,  
    2014     2013     2012  
Supplier A     26%     37%     40%
Supplier B     15%     14%     14%
Supplier C     12%     8%     10%
Inventory
    December 31,  
    2014     2013  
Finished goods   $ 11,118     $ 10,287  
Raw materials     2,695       9,418  
Work in progress     3,274       2,766  
Other     1,463       915  
Total   $ 18,550     $ 23,386  
Property and equipment useful lives
Buildings 40 years
Facilities and plant equipment 10 – 25 years
Other equipment, vehicles and furniture 5 – 10 years
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method

The following tables compute basic and diluted earnings per share (in thousands, except per share data):

 

    Year Ended December 31, 2014  
    Income Numerator     Shares Denominator     Per-Share Amount  
Net income attributed to Pacific Ethanol   $ 21,289                  
Less: Preferred stock dividends     (1,265 )                
Basic income per share:                        
Income available to common stockholders   $ 20,024       20,810     $ 0.96  
Add: Warrants     –       1,859          
Diluted income per share:                        
Income available to common stockholders   $

20,024

       22,669     $ 0.88  

 

    Year Ended December 31, 2013  
    Loss Numerator     Shares Denominator     Per-Share Amount  
Net loss attributed to Pacific Ethanol, Inc.   $ (781 )                
Less: Preferred stock dividends     (1,265 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (2,046 )     12,264     $ (0.17 )

 

    Year Ended December 31, 2012  
    Loss Numerator     Shares Denominator     Per-Share Amount  
Net loss attributed to Pacific Ethanol, Inc.   $ (19,057 )                
Less: Preferred stock dividends     (1,268 )                
Basic and diluted loss per share:                        
Loss available to common stockholders   $ (20,325 )     7,224     $ (2.81 )