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PLANT OWNERS' CONDENSED COMBINED FINANCIAL STATEMENTS. | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2011 | Dec. 31, 2010
Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
11. | PLANT OWNERS’ CONDENSED COMBINED FINANCIAL STATEMENTS.
Since the consolidated financial statements of the Company include entities other than the Plant Owners, the following presents the condensed combined financial statements of the Plant Owners. These condensed combined financial statements have been prepared, in all material respects, on the same basis as the consolidated financial statements of the Company. The condensed combined financial statements of the Plant Owners are as follows (unaudited, in thousands): PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES CONDENSED COMBINED STATEMENT OF OPERATIONS Nine Months Ended September 30, 2010
Net sales |  | $ | 89,737 |
Cost of goods sold |  |  | 98,140 |
Gross loss |  |  | (8,403 | )
Selling, general and administrative expenses |  |  | 1,829 |
Loss from operations |  |  | (10,232 | )
Other expense, net |  |  | (1,253 | )
Loss before reorganization costs and gain from bankruptcy exit |  |  | (11,485 | )
Reorganization costs |  |  | (4,153 | )
Gain from bankruptcy exit |  |  | 119,408 |
Net income |  | $ | 103,770 |
PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES CONDENSED COMBINED STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2010
Operating Activities: |  |
Net cash used in operating activities |  | $ | (6,808 | )
Investing Activities: |  |  |  |
Net cash impact of bankruptcy exit |  | $ | (1,301 | )
Additions to property and equipment |  |  | (310 | )
Net cash used in investing activities |  | $ | (1,611 | )
Financing Activities: |  |  |  |
Proceeds from borrowings |  | $ | 5,173 |
Net cash provided by financing activities |  | $ | 5,173 |
Net decrease in cash and cash equivalents |  |  | (3,246 | )
Cash and cash equivalents at beginning of period |  |  | 3,246 |
Cash and cash equivalents at end of period |  | $ | — |
| 15. PLANT OWNERS’ CONDENSED COMBINED FINANCIAL STATEMENTS Since the consolidated financial statements of the Company include entities other than the Plant Owners, below are the condensed combined financial statements of the Plant Owners for the periods included in these consolidated financial statements during the pendency of their Chapter 11 Filings. These condensed combined financial statements have been prepared, in all material respects, on the same basis as the consolidated financial statements of the Company. The condensed combined financial statements of the Plant Owners during the pendency of their Chapter 11 Filings are as follows (unaudited, in thousands): PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES CONDENSED COMBINED BALANCE SHEET As of December 31, 2009
ASSETS
Current Assets: |  |  |
Cash and cash equivalents |  | $ | 3,246 |
Accounts receivable trade |  |  | 716 |
Accounts receivable related parties |  |  | 2,371 |
Inventories |  |  | 7,789 |
Prepaid expenses |  |  | 1,131 |
Other current assets |  |  | 1,029 |
Total current assets |  |  | 16,282 |
Property and equipment, net |  |  | 160,000 |
Other assets |  |  | 858 |
Total Assets |  | $ | 177,140 |
LIABILITIES AND MEMBER’S DEFICIT
Current Liabilities: |  |  |
Accounts payable – trade |  | $ | 2,219 |
Accrued liabilities |  |  | 174 |
Other liabilities – related parties |  |  | 36 |
DIP financing and rollup |  |  | 39,654 |
Other current liabilities |  |  | 1,504 |
Total current liabilities |  |  | 43,587 |
Other liabilities |  |  | 61 |
Liabilities subject to compromise |  |  | 242,417 |
Total Liabilities |  |  | 286,065 |
Member’s Deficit: |  |  |  |
Member’s equity |  |  | 257,487 |
Accumulated deficit |  |  | (366,412 | )
Total Member’s Deficit |  |  | (108,925 | )
Total Liabilities and Member’s Deficit |  | $ | 177,140 |
PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES CONDENSED COMBINED STATEMENTS OF OPERATIONS
|  | January 1, 2010 to June 29, 2010 |  |  | May 17, 2009 to December 31, 2009 |
Net sales |  | $ | 89,737 |  |  | $ | 50,448 |
Cost of goods sold |  |  | 98,140 |  |  |  | 66,470 |
Gross loss |  |  | (8,403 | ) |  |  | (16,022 | )
Selling, general and administrative expenses |  |  | 1,829 |  |  |  | 2,420 |
Asset impairments |  |  | — |  |  |  | 247,657 |
Loss from operations |  |  | (10,232 | ) |  |  | (266,099 | )
Other expense, net |  |  | (1,253 | ) |  |  | (267 | )
Loss before reorganization costs and gain from bankruptcy exit |  |  | (11,485 | ) |  |  | (266,366 | )
Reorganization costs |  |  | (4,153 | ) |  |  | (11,607 | )
Gain from bankruptcy exit |  |  | 119,408 |  |  |  | — |
Net income (loss) |  | $ | 103,770 |  |  | $ | (277,973 | )
PACIFIC ETHANOL HOLDING CO. LLC AND SUBSIDIARIES CONDENSED COMBINED STATEMENTS OF CASH FLOWS
|  | January 1, 2010 to June 29, 2010 |  |  | May 17, 2009 to December 31, 2009 |
Operating Activities: |  |  |  |  |  |
Net income (loss) |  | $ | 103,770 |  |  | $ | (277,973 | )
Adjustments to reconcile net income (loss) to cash used in operating activities: |  |  |  |  |  |  |  |
Non-cash reorganization costs: |  |  |  |  |  |  |  |
Gain on bankruptcy exit |  |  | (119,408 | ) |  |  | — |
Write-off of unamortized deferred financing fees |  |  | — |  |  |  | 7,545 |
Settlement of accrued liability |  |  | — |  |  |  | (2,008 | )
Asset impairments |  |  | — |  |  |  | 247,657 |
Depreciation and amortization of intangibles |  |  | 5,064 |  |  |  | 16,042 |
Gain on derivative instruments |  |  | (1,206 | ) |  |  | (1,572 | )
Amortization of deferred financing costs |  |  | 85 |  |  |  | 61 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
Accounts receivable |  |  | (5,059 | ) |  |  | (103 | )
Inventories |  |  | 2,948 |  |  |  | (5,016 | )
Prepaid expenses and other assets |  |  | 159 |  |  |  | (378 | )
Accounts payable and accrued expenses |  |  | 6,839 |  |  |  | (442 | )
Net cash used in operating activities |  | $ | (6,808 | ) |  | $ | (16,187 | )
Investing Activities: |  |  |  |  |  |  |  |
Additions to property and equipment |  | $ | (310 | ) |  | $ | (446 | )
Net cash impact of bankruptcy exit |  |  | (1,301 | ) |  |  | — |
Net cash used in investing activities |  | $ | (1,611 | ) |  | $ | (446 | )
Financing Activities: |  |  |  |  |  |  |  |
Proceeds from borrowings under DIP financing |  | $ | 5,173 |  |  | $ | 19,827 |
Net cash provided by financing activities |  | $ | 5,173 |  |  | $ | 19,827 |
Net increase (decrease) in cash and cash equivalents |  |  | (3,246 | ) |  |  | 3,194 |
Cash and cash equivalents at beginning of period |  |  | 3,246 |  |  |  | 52 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 3,246 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 06 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 05 -Paragraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6921628&loc=d3e5283-111683 + Details
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