Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED).

v3.20.1
QUARTERLY FINANCIAL DATA (UNAUDITED).
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
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 )