Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 7,846 $ 5,151
Accounts receivable, net (net of allowance for doubtful accounts of $14 and $187, respectively) 51,426 35,296
Inventories 28,297 23,386
Prepaid inventory 9,341 12,315
Other current assets 2,877 3,229
Total current assets 99,787 79,377
Property and equipment, net 153,973 155,194
Other Assets:    
Intangible assets, net 3,141 3,260
Other assets 3,106 3,218
Total other assets 6,247 6,478
Total Assets 260,007 241,049
Current Liabilities:    
Accounts payable - trade 16,110 11,071
Accrued liabilities 8,062 5,851
Current portion - capital leases 4,517 4,830
Current portion - long-term debt due to a related party 0 750
Accrued preferred dividends 3,657 0
Other current liabilities 3,353 5,714
Total current liabilities 35,699 28,216
Long-term debt, net of current portion 71,645 98,408
Accrued preferred dividends 0 3,657
Capital leases, net of current portion 5,299 6,041
Warrant liabilities at fair value 32,679 8,215
Other liabilities 5,086 1,611
Total Liabilities 150,408 146,148
Commitments and Contingencies      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 18,014,034 and 16,126,287 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 18 16
Additional paid-in capital 645,382 621,557
Accumulated deficit (543,494) (532,356)
Total Pacific Ethanol, Inc. Stockholders' Equity 101,907 89,218
Noncontrolling interest 7,692 5,683
Total Stockholders' Equity 109,599 94,901
Total Liabilities and Stockholders' Equity 260,007 241,049
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; 0 shares issued and outstanding as of March 31, 2014 and December 31, 2013; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of March 31, 2014 and December 31, 2013; liquidation preference of $21,733 as of March 31, 2014 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; 0 shares issued and outstanding as of March 31, 2014 and December 31, 2013; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of March 31, 2014 and December 31, 2013; liquidation preference of $21,733 as of March 31, 2014 $ 1 $ 1