Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 26,627 $ 49,489
Accounts receivable, net of allowance for doubtful accounts of $12 and $19, respectively 67,636 80,344
Inventories 57,820 61,550
Prepaid inventory 3,090 3,281
Income tax receivables 612 743
Derivative assets 1,765 998
Other current assets 11,254 6,841
Total current assets 168,804 203,246
Property and equipment, net 482,657 508,352
Other Assets:    
Intangible asset 2,678 2,678
Other assets 5,842 6,020
Total other assets 8,520 8,698
Total Assets 659,981 720,296
Current Liabilities:    
Accounts payable - trade 48,176 39,738
Accrued liabilities 23,421 21,673
Current portion - capital leases 45 592
Current portion - long-term debt, net 146,671 20,000
Derivative liabilities 6,309 2,307
Other current liabilities 7,237 6,396
Total current liabilities 231,859 90,706
Long-term debt, net of current portion 84,767 221,091
Assessment financing 9,342 7,714
Capital leases, net of current portion 78 123
Other liabilities 14,570 16,962
Total Liabilities 340,616 336,596
Commitments and contingencies (Notes 1, 8, 9 and 14)
Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 45,771,422 and 43,984,975 shares issued and outstanding as of December 31, 2018 and 2017, respectively 46 44
Non-voting common stock, $0.001 par value; 3,553,000 shares authorized; 896 shares issued and outstanding as of December 31, 2018 and 2017
Additional paid-in capital 932,179 927,090
Accumulated other comprehensive loss (2,459) (2,234)
Accumulated deficit (630,000) (568,462)
Total Pacific Ethanol, Inc. stockholders' equity 299,767 356,439
Noncontrolling interests 19,598 27,261
Total stockholders' equity 319,365 383,700
Total Liabilities and Stockholders' Equity 659,981 720,296
Series A Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, value
Series B Preferred Stock [Member]    
Stockholders' Equity:    
Preferred stock, value $ 1 $ 1