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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current Assets:  
Cash and cash equivalents$ 16,808$ 8,736
Accounts receivable, net (net of allowance for doubtful accounts of $57 and $287, respectively)28,24425,855
Inventories22,42917,306
Prepaid inventory6,1812,715
Other current assets3,6362,712
Total current assets77,29857,324
Property and equipment, net161,637168,976
Other Assets:  
Intangible assets, net4,6895,382
Other assets1,8192,401
Total other assets6,5087,783
Total Assets**245,443[1]234,083[1]
Current Liabilities:  
Accounts payable – trade9,2346,472
Accrued liabilities2,2413,251
Current portion – long-term debt (including $1,250 and $0, due to related parties, and $10,896 and $38,108 at fair value, respectively)12,14638,108
Total current liabilities23,62147,831
Long-term debt, net of current portion (including $0 and $1,250, due to related parties, respectively)101,10584,981
Accrued preferred dividends6,9966,050
Other liabilities1,5927,406
Total Liabilities**133,314[2]146,268[2]
Commitments and Contingencies (Notes 4, 5 and 7)  
Pacific Ethanol, Inc. Stockholders’ Equity (Deficit):  
Preferred stock00
Common stock, $0.001 par value; 300,000,000 shares authorized; 48,623,954 and 12,918,144 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively4913
Additional paid-in capital534,632504,623
Accumulated deficit(507,620)(511,794)
Total Pacific Ethanol, Inc. Stockholders’ Equity (Deficit)27,062(7,157)
Noncontrolling interest in variable interest entity85,06794,972
Total Stockholders’ Equity112,12987,815
Total Liabilities and Stockholders’ Equity245,443234,083
Series B Preferred Stock [Member]
  
Pacific Ethanol, Inc. Stockholders’ Equity (Deficit):  
Preferred stock$ 1$ 1
[1]Assets of the consolidated variable interest entity that can only be used to settle obligations of that entity were $177,130 and $183,652 as of September 30, 2011 and December 31, 2010, respectively.
[2]Liabilities of the consolidated variable interest entity for which creditors do not have recourse to the general credit of Pacific Ethanol, Inc. were $84,095 and $74,939 as of September 30, 2011 and December 31, 2010, respectively.