Pacific ethanol, inc. (PEIX)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current Assets:
Cash and cash equivalents

26,779

18,997

18,921

16,513

21,751

26,627

56,093

62,581

57,380

49,489

56,923

91,454

73,734

64,259

40,639

31,673

19,207

52,712

53,056

49,262

42,274

62,084

56,256

25,923

7,846

5,151

9,175

6,983

4,194

7,586

18,671

5,666

4,981

8,914

16,808

9,832

8,736

Accounts receivable, net (net of allowance for doubtful accounts of $58 and $39, respectively)

52,264

74,307

69,297

68,014

78,402

67,636

67,644

72,518

74,217

80,344

72,282

46,438

64,018

86,275

68,824

71,946

63,414

61,346

51,379

28,591

27,342

34,612

30,474

43,063

51,426

35,296

27,102

36,192

32,169

26,051

27,513

24,279

29,122

28,140

28,244

34,281

25,855

Inventories

45,532

60,600

62,509

77,490

62,731

57,820

54,766

67,305

70,262

61,550

71,819

63,087

58,045

60,070

64,988

65,928

69,262

60,820

48,238

18,871

17,840

18,550

20,263

27,580

28,297

23,386

13,729

19,148

17,536

16,244

14,374

16,303

14,437

16,131

22,429

20,851

17,306

Prepaid inventory

1,709

1,528

3,191

3,262

5,140

3,090

1,442

1,796

3,609

3,281

5,622

10,432

7,913

9,946

7,630

10,319

6,008

5,973

11,100

8,014

8,431

11,595

10,581

14,814

9,341

12,315

-

-

-

5,422

-

-

-

-

-

-

-

Assets held-for-sale

68,140

69,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

612

612

-

-

-

-

743

129

5,727

5,727

5,730

6,114

6,114

6,120

10,654

14,097

-

-

8,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

-

2,438

2,790

5,437

1,155

1,765

1,954

7,634

2,981

998

3,017

1,150

594

978

3,242

13,299

-

2,081

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,232

-

-

-

-

-

-

-

-

-

-

Prepaid inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,338

9,644

-

6,095

6,030

7,199

9,239

6,181

6,141

2,715

Other current assets

4,873

4,430

5,228

3,131

6,906

11,866

10,367

8,871

6,082

6,841

3,026

2,483

3,233

7,943

5,781

4,055

6,222

4,356

5,084

12,926

14,678

2,983

2,197

1,033

2,877

3,229

2,036

2,774

1,978

2,129

2,312

1,720

2,473

3,994

3,636

2,057

2,712

Total current assets

199,297

232,064

161,936

174,459

176,697

168,804

192,266

220,705

214,531

203,246

212,818

220,771

213,264

235,201

197,218

203,334

170,233

197,942

182,954

117,664

110,565

137,945

119,771

112,413

99,787

79,377

63,274

71,435

65,521

57,432

68,965

53,998

58,212

66,418

77,298

73,162

57,324

Property and equipment, net

324,814

332,526

442,810

462,534

472,735

482,657

488,591

495,274

502,545

508,352

509,369

453,011

460,192

465,190

452,478

454,775

461,275

464,960

472,632

160,828

160,179

155,302

155,771

155,528

153,973

155,194

156,309

150,915

147,863

150,409

153,109

155,457

157,610

159,617

161,637

164,483

168,976

Other Assets:
Right of use operating lease assets, net

23,543

24,346

38,791

40,177

41,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held-for-sale

16,500

16,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible asset

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

2,678

-

-

2,678

2,566

2,678

2,678

2,786

2,904

3,023

3,141

3,260

3,378

3,497

3,615

3,734

3,865

3,996

4,227

4,458

4,689

4,920

5,382

Intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,678

2,678

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

4,277

4,381

6,645

5,972

5,072

5,842

5,012

4,575

4,725

6,020

5,785

8,117

5,620

5,169

4,752

4,933

9,013

9,100

9,882

1,776

1,803

1,863

1,686

1,749

3,106

3,218

3,508

4,550

4,425

3,388

1,723

1,580

1,600

1,983

1,819

2,135

2,401

Total other assets

46,998

47,905

48,114

48,827

49,589

8,520

7,690

7,253

7,403

8,698

8,463

10,795

8,298

7,847

7,430

7,611

11,691

11,778

12,448

4,454

4,481

4,649

4,590

4,772

6,247

6,478

6,886

8,047

8,040

7,122

5,588

5,576

5,827

6,441

6,508

7,055

7,783

Total Assets

571,109

612,495

652,860

685,820

699,021

659,981

688,547

723,232

724,479

720,296

730,650

684,577

681,754

708,238

657,126

665,720

643,199

674,680

668,034

282,946

275,225

297,896

280,132

272,713

260,007

241,049

226,469

230,397

221,424

214,963

227,662

215,031

221,649

232,476

245,443

244,700

234,083

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - trade

-

-

-

-

-

-

-

-

-

-

-

-

-

37,051

-

-

-

30,520

41,447

20,307

14,823

13,122

12,338

16,619

16,110

11,071

8,579

10,571

9,729

5,104

8,484

8,200

8,497

5,519

9,234

9,853

6,472

Accounts payable - trade

24,658

29,277

47,068

45,093

50,531

48,176

44,774

40,966

44,671

39,738

41,178

28,234

32,490

-

26,790

23,844

27,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

23,368

22,331

18,614

18,718

22,773

23,421

20,885

21,790

24,255

21,673

22,245

17,823

17,733

20,280

15,107

15,156

15,016

10,072

5,846

3,305

4,230

6,203

8,346

10,440

8,062

5,851

3,198

3,918

5,030

2,913

3,560

2,818

2,852

2,713

2,241

2,783

3,251

Current portion - operating leases

3,214

3,457

6,925

7,272

7,568

-

45

162

380

592

799

838

794

794

4,525

4,431

4,338

4,248

4,217

1,735

2,986

4,077

4,961

4,802

4,517

4,830

5,129

-

-

0

-

-

-

-

-

-

-

Current portion - long-term debt

86,682

63,000

144,543

143,379

143,148

146,671

20,000

20,000

16,500

20,000

20,000

14,000

14,000

10,500

153,701

0

0

17,003

-

-

-

0

0

0

0

750

2,133

6,405

8,496

4,029

50,105

-

-

750

12,146

26,384

38,108

Liabilities held-for-sale

43,783

34,413

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative instruments

-

1,860

3,619

684

5,156

6,309

6,385

10,157

3,094

2,307

2,755

1,721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued PE Op Co. purchase

-

-

-

-

-

-

-

-

-

-

3,828

3,828

3,828

-

3,828

3,828

3,828

3,828

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,657

5,120

5,120

-

6,583

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

1,171

4,115

3,492

12,166

-

1,848

-

-

-

-

-

-

-

-

6,630

10,427

-

-

-

-

-

-

-

-

-

Current portion - long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,657

-

-

-

-

-

0

7,315

-

7,315

-

-

-

Other current liabilities

6,470

6,060

7,662

11,194

6,993

7,282

6,931

6,567

6,955

6,396

1,591

1,547

1,934

6,101

5,656

6,026

7,294

5,390

7,120

593

800

2,045

806

1,419

3,353

5,714

-

-

-

369

-

-

-

-

-

-

-

Current portion - long-term debt (including $750 to related party)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,075

750

-

-

-

-

Total current liabilities

188,175

160,398

228,431

226,340

236,169

231,859

99,020

99,642

95,855

90,706

92,396

67,991

71,950

78,841

213,099

65,451

57,556

72,909

75,633

25,940

22,839

25,447

26,451

33,280

35,699

28,216

19,039

20,894

23,255

12,415

62,149

58,408

12,099

16,297

23,621

39,020

47,831

Long-term debt, net of current portion

139,339

180,795

98,673

102,747

96,433

84,767

214,419

237,771

228,625

221,091

220,304

199,599

182,383

188,028

63,552

215,041

202,973

203,861

190,166

25,559

17,003

34,533

30,475

38,374

71,645

98,408

108,834

113,188

113,833

117,253

68,990

59,694

93,718

93,689

101,105

100,190

84,981

Operating leases, net of current portion

20,675

21,171

30,323

31,517

33,091

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assessment financing

-

-

9,342

9,342

9,342

-

-

-

-

7,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,194

2,194

0

3,657

-

-

-

5,852

-

-

-

0

6,996

6,677

6,050

Capital leases, net of current portion

-

-

-

-

-

-

89

101

112

123

134

117

357

547

754

1,921

3,064

4,183

5,279

1,707

1,883

2,055

2,277

3,710

5,299

6,041

6,528

-

-

0

-

-

-

-

-

-

-

Warrant liabilities at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

651

-

-

-

273

501

1,703

2,120

1,986

4,793

22,763

32,679

8,215

-

-

-

4,892

-

-

-

-

-

-

-

Warrant liabilities at fair value

-

-

-

-

-

-

-

-

-

-

0

0

196

-

326

257

234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,174

1,174

1,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,293

17,040

17,040

15,434

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,091

-

-

-

-

-

-

-

-

-

-

-

Warrant liabilities and conversion feature at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,480

-

-

-

-

-

-

-

-

Warrant liabilities at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,495

-

-

1,921

-

-

-

Accrued preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,315

-

-

-

-

Other liabilities

22,200

23,086

13,576

14,554

14,627

23,990

23,497

25,457

25,261

16,962

20,915

20,446

21,146

21,910

17,739

18,261

19,614

21,910

20,451

427

443

459

1,759

4,495

5,086

520

1,626

6,896

1,638

1,644

1,348

1,871

3,151

1,305

1,592

2,723

7,406

Total Liabilities

370,389

385,450

380,345

384,500

389,662

340,616

337,025

362,971

349,853

336,596

333,749

288,153

276,032

289,977

296,644

302,105

284,615

303,136

297,323

72,376

61,328

79,914

67,949

104,816

150,408

146,148

146,314

156,525

153,326

142,056

145,565

119,973

116,283

113,212

133,314

148,610

146,268

Commitments and Contingencies (Note 6)

-

-

-

-

-

-

0

0

0

-

-

-

0

0

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

Stockholders' Equity:
Pacific Ethanol, Inc. Stockholders' Equity:
Preferred stock, value

-

-

-

-

-

-

1

1

1

-

-

-

-

-

1

1

1

-

-

1

-

-

1

-

-

-

1

-

-

-

-

-

1

0

0

-

0

Common stock, $0.001 par value; 300,000 shares authorized; 55,891 and 55,508 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

56

56

50

50

49

46

45

45

44

44

44

44

40

40

40

40

39

-

-

25

25

-

24

21

18

16

15

12

10

10

145

87

87

87

49

20

13

Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 share issued and outstanding as of March 31, 2020 and December 31, 2019

-

-

-

-

-

-

0

0

0

-

0

0

4

-

4

4

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

943,453

942,307

937,795

937,208

936,643

932,179

929,262

928,378

927,825

927,090

926,248

924,911

923,956

922,698

904,387

903,683

903,424

902,843

901,978

726,873

726,549

725,813

732,801

687,026

645,382

621,557

612,880

600,846

594,766

582,861

581,985

557,318

557,279

556,871

534,632

522,872

504,623

Accumulated other comprehensive loss

-2,370

-2,370

-2,459

-2,459

-2,459

-2,459

-2,234

-2,234

-2,234

-2,234

-2,620

-2,620

-2,620

-2,620

1,040

1,040

1,040

1,040

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-745,629

-720,214

-678,808

-651,163

-643,202

-630,000

-597,671

-589,838

-576,615

-568,462

-554,858

-554,337

-545,181

-532,233

-544,990

-541,153

-545,924

-532,383

-531,311

-516,329

-517,024

-512,332

-524,531

-528,237

-543,494

-532,356

-540,630

-535,340

-536,076

-530,310

-524,487

-518,197

-515,253

-509,985

-507,620

-511,653

-511,794

Total Pacific Ethanol, Inc. Stockholders' Equity

195,511

219,780

256,579

283,637

291,032

299,767

329,403

336,352

349,021

356,439

368,815

367,999

376,200

387,890

360,482

363,615

358,584

371,544

370,711

210,570

209,551

213,507

208,295

158,811

101,907

89,218

72,266

65,519

58,701

52,562

57,644

39,209

42,114

46,974

27,062

11,240

-7,157

Noncontrolling interests

5,209

7,265

15,936

17,683

18,327

19,598

22,119

23,909

25,605

27,261

28,086

28,425

29,522

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85,067

84,850

94,972

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

30,371

-

-

-

0

0

0

4,346

4,475

3,888

9,086

7,692

5,683

7,889

8,353

9,397

20,345

24,453

55,849

63,252

72,290

-

-

-

Total Stockholders' Equity

200,720

227,045

272,515

301,320

309,359

319,365

351,522

360,261

374,626

383,700

396,901

396,424

405,722

418,261

-

-

-

371,544

370,711

210,570

213,897

217,982

212,183

167,897

109,599

94,901

80,155

73,872

68,098

72,907

82,097

95,058

105,366

119,264

112,129

96,090

87,815

Total Liabilities and Stockholders' Equity

571,109

612,495

652,860

685,820

699,021

659,981

688,547

723,232

724,479

720,296

730,650

684,577

681,754

708,238

657,126

665,720

643,199

674,680

668,034

282,946

275,225

297,896

280,132

272,713

260,007

241,049

226,469

230,397

221,424

214,963

227,662

215,031

221,649

232,476

245,443

244,700

234,083

Series B Preferred Stock
Preferred stock, value

1

1

1

1

1

1

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-