| QUARTERLY FINANCIAL DATA (UNAUDITED). |
|
18. |
QUARTERLY FINANCIAL DATA (UNAUDITED). |
The Company's quarterly results
of operations for the years ended December 31, 2019 and 2018 are as follows (in thousands).
| |
|
First
Quarter |
|
|
Second
Quarter |
|
|
Third
Quarter |
|
|
Fourth
Quarter |
|
| December 31, 2019: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
$ |
355,803 |
|
|
$ |
346,301 |
|
|
$ |
365,160 |
|
|
$ |
357,617 |
|
| Gross profit (loss) |
|
$ |
(2,289 |
) |
|
$ |
3,971 |
|
|
$ |
(14,816 |
) |
|
$ |
3,196 |
|
| Loss from operations |
|
$ |
(10,524 |
) |
|
$ |
(2,737 |
) |
|
$ |
(23,503 |
) |
|
$ |
(37,919 |
) |
| Net loss attributed to Pacific Ethanol, Inc. |
|
$ |
(12,890 |
) |
|
$ |
(7,646 |
) |
|
$ |
(27,326 |
) |
|
$ |
(41,087 |
) |
| Preferred stock dividends |
|
$ |
(312 |
) |
|
$ |
(315 |
) |
|
$ |
(319 |
) |
|
$ |
(319 |
) |
| Net loss available to common stockholders |
|
$ |
(13,202 |
) |
|
$ |
(7,961 |
) |
|
$ |
(27,645 |
) |
|
$ |
(41,406 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted loss per common share |
|
$ |
(0.29 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.58 |
) |
|
$ |
(0.85 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net sales |
|
$ |
400,027 |
|
|
$ |
410,522 |
|
|
$ |
370,407 |
|
|
$ |
334,415 |
|
| Gross profit (loss) |
|
$ |
3,362 |
|
|
$ |
(1,273 |
) |
|
$ |
3,768 |
|
|
$ |
(21,021 |
) |
| Loss from operations |
|
$ |
(5,953 |
) |
|
$ |
(10,171 |
) |
|
$ |
(5,202 |
) |
|
$ |
(30,211 |
) |
| Net loss attributed to Pacific Ethanol, Inc. |
|
$ |
(7,841 |
) |
|
$ |
(12,908 |
) |
|
$ |
(7,514 |
) |
|
$ |
(32,010 |
) |
| Preferred stock dividends |
|
$ |
(312 |
) |
|
$ |
(315 |
) |
|
$ |
(319 |
) |
|
$ |
(319 |
) |
| Net loss available to common stockholders |
|
$ |
(8,153 |
) |
|
$ |
(13,223 |
) |
|
$ |
(7,833 |
) |
|
$ |
(32,329 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted loss per common share |
|
$ |
(0.19 |
) |
|
$ |
(0.31 |
) |
|
$ |
(0.18 |
) |
|
$ |
(0.74 |
) |
|