Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 68,590 $ 52,712
Accounts receivable, net of allowance for doubtful accounts of $331 and $25, respectively 86,275 61,346
Inventories 60,070 60,820
Prepaid inventory 9,946 5,973
Income tax receivables 5,730 10,654
Derivative assets 978 2,081
Other current assets 3,612 4,356
Total current assets 235,201 197,942
Property and equipment, net 465,190 464,960
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 5,169 9,100
Total other assets 7,847 11,778
Total Assets 708,238 674,680
Current Liabilities:    
Accounts payable - trade 37,051 30,520
Accrued liabilities 20,280 10,072
Current portion - capital leases 794 4,248
Current portion - long-term debt 10,500 17,003
Accrued PE Op Co. purchase 3,828 3,828
Derivative liabilities 4,115 1,848
Other current liabilities 2,273 5,390
Total current liabilities 78,841 72,909
Long-term debt, net of current portion 188,028 203,861
Capital leases, net of current portion 547 4,183
Warrant liabilities at fair value 651 273
Other liabilities 21,910 21,910
Total Liabilities 289,977 303,136
Commitments and contingencies (Notes 1, 8, 9 and 15)
Pacific Ethanol, Inc. Stockholders' Equity:    
Additional paid-in capital 922,698 902,843
Accumulated other comprehensive income (expense) (2,620) 1,040
Accumulated deficit (532,233) (532,383)
Total Pacific Ethanol, Inc. stockholders' equity 387,890 371,544
Noncontrolling interests 30,371 0
Total stockholders' equity 418,261 371,544
Total Liabilities and Stockholders' Equity 708,238 674,680
Series A Preferred Stock    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized: Series A: 1,684,375 shares authorized; no shares issued and outstanding as of December 31, 2016 and 2015; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2016 and 2015; liquidation preference of $18,075 as of December 31, 2016 0 0
Series B Preferred Stock    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized: Series A: 1,684,375 shares authorized; no shares issued and outstanding as of December 31, 2016 and 2015; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of December 31, 2016 and 2015; liquidation preference of $18,075 as of December 31, 2016 1 1
Common Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock value 40 39
Nonvoting Common Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock value $ 4 $ 4