Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 73,734 $ 68,590
Accounts receivable, net (net of allowance for doubtful accounts of $41 and $331, respectively) 64,018 86,275
Inventories 58,045 60,070
Prepaid inventory 7,913 9,946
Income tax receivables 5,727 5,730
Derivative Instruments 594 978
Other current assets 3,233 3,612
Total current assets 213,264 235,201
Property and equipment, net 460,192 465,190
Other Assets:    
Intangible assets, net 2,678 2,678
Other assets 5,620 5,169
Total other assets 8,298 7,847
Total Assets 681,754 708,238
Current Liabilities:    
Accounts payable - trade 32,490 37,051
Accrued liabilities 17,733 20,280
Current portion - capital leases 794 794
Current portion - long-term debt 14,000 10,500
Accrued PE Op Co. purchase 3,828 3,828
Derivative instruments 1,171 4,115
Other current liabilities 1,934 2,273
Total current liabilities 71,950 78,841
Long-term debt, net of current portion 182,383 188,028
Capital leases, net of current portion 357 547
Warrant liabilities at fair value 196 651
Other liabilities 21,146 21,910
Total Liabilities 276,032 289,977
Commitments and Contingencies (Note 6)
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000 shares authorized; 40,414 and 39,772 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 40 40
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 3,413 and 3,540 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 4 4
Additional paid-in capital 923,956 922,698
Accumulated other comprehensive income (loss) (2,620) (2,620)
Accumulated deficit (545,181) (532,233)
Total Pacific Ethanol, Inc. Stockholders' Equity 376,200 387,890
Noncontrolling interests 29,522 30,371
Total Stockholders' Equity 405,722 418,261
Total Liabilities and Stockholders' Equity 681,754 708,238
Series A Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized 0 0
Series B Preferred Stock [Member]    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized $ 1 $ 1