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, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 57,380 $ 49,489 [1]
Accounts receivable, net (net of allowance for doubtful accounts of $66 and $19, respectively) 74,217 80,344 [1]
Inventories 70,262 61,550
Prepaid inventory 3,609 3,281 [1]
Derivative instruments 2,981 998 [1]
Other current assets 6,082 7,584 [1]
Total current assets 214,531 203,246 [1]
Property and equipment, net 502,545 508,352 [1]
Other Assets:    
Intangible assets, net 2,678 2,678 [1]
Other assets 4,725 6,020 [1]
Total other assets 7,403 8,698 [1]
Total Assets 724,479 720,296
Current Liabilities:    
Accounts payable - trade 44,671 39,738 [1]
Accrued liabilities 24,255 21,673 [1]
Current portion - capital leases 380 592 [1]
Current portion - long-term debt 16,500 20,000 [1]
Derivative instruments 3,094 2,307 [1]
Other current liabilities 6,955 6,396 [1]
Total current liabilities 95,855 90,706 [1]
Long-term debt, net of current portion 228,625 221,091 [1]
Capital leases, net of current portion 112 123 [1]
Other liabilities 25,261 24,676 [1]
Total Liabilities 349,853 336,596 [1]
Commitments and Contingencies (Note 6) [1]
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized 1 1 [1]
Common stock, $0.001 par value; 300,000 shares authorized; 43,954 and 43,985 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively 44 44 [1]
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 share issued and outstanding as of March 31, 2018 and December 31, 2017 [1]
Additional paid-in capital 927,825 927,090 [1]
Accumulated other comprehensive loss (2,234) (2,234) [1]
Accumulated deficit (576,615) (568,462) [1]
Total Pacific Ethanol, Inc. Stockholders' Equity 349,021 356,439 [1]
Noncontrolling interests 25,605 27,261 [1]
Total Stockholders' Equity 374,626 383,700 [1]
Total Liabilities and Stockholders' Equity $ 724,479 $ 720,296 [1]
[1] Amounts derived from the audited financial statements for the year ended December 31, 2017