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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
[1]
Current Assets:    
Cash and cash equivalents $ 29,783 $ 18,997
Accounts receivable, net (net of allowance for doubtful accounts of $16 and $39, respectively) 48,871 74,307
Inventories 46,326 60,600
Prepaid inventory 3,180 1,528
Assets held-for-sale 69,764
Derivative instruments 2,438
Other current assets 3,630 4,430
Total current assets 131,790 232,064
Property and equipment, net 317,950 332,526
Other Assets:    
Right of use operating lease assets, net 22,625 24,346
Notes receivable 16,500
Assets held-for-sale 16,500
Intangible assets 2,678 2,678
Other assets 5,586 4,381
Total other assets 47,389 47,905
Total Assets 497,129 612,495
Current Liabilities:    
Accounts payable - trade 27,721 29,277
Accrued liabilities 13,628 22,331
Current portion - operating leases 2,898 3,457
Current portion - long-term debt 96,000 63,000
Liabilities held-for-sale 34,413
Derivative instruments 1,860
Other current liabilities 6,707 6,060
Total current liabilities 146,954 160,398
Long-term debt, net of current portion 95,888 180,795
Operating leases, net of current portion 20,164 21,171
Other liabilities 23,382 23,086
Total Liabilities 286,388 385,450
Commitments and Contingencies (Note 6)
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000 shares authorized; 55,482 and 55,508 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 55 56
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 share issued and outstanding as of June 30, 2020 and December 31, 2019, respectively
Additional paid-in capital 944,035 942,307
Accumulated other comprehensive loss (2,370) (2,370)
Accumulated deficit (730,980) (720,214)
Total Pacific Ethanol, Inc. Stockholders' Equity 210,741 219,780
Noncontrolling interests 7,265
Total Stockholders' Equity 210,741 227,045
Total Liabilities and Stockholders' Equity 497,129 612,495
Series A Preferred Stock    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, value
Series B Preferred Stock    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, value $ 1 $ 1
[1] Amounts derived from the audited consolidated financial statements for the year ended December 31, 2019.