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17. PARENT COMPANY FINANCIALS (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Balance Sheets - Parent Company Only |
|  | December 31, |
|  | 2016 |  |  | 2015 |
Cash and cash equivalents |  | $ | 11,060 |  |  | $ | 20,618 |
Receivables from subsidiaries |  |  | 7,203 |  |  |  | 14,505 |
Other current assets |  |  | 6,442 |  |  |  | 11,361 |
Total current assets |  |  | 24,705 |  |  |  | 46,484 |
Property and equipment, net |  |  | 1,433 |  |  |  | 1,695 |
Investments in subsidiaries |  |  | 363,401 |  |  |  | 301,416 |
Pacific Ethanol West plant receivable |  |  | 58,766 |  |  |  | 41,763 |
Other assets |  |  | 1,110 |  |  |  | 838 |
Total other assets |  |  | 423,277 |  |  |  | 344,017 |
Total Assets |  | $ | 449,415 |  |  | $ | 392,196 |
Accounts payable and accrued liabilities |  | $ | 1,758 |  |  | $ | 1,963 |
Payables to subsidiaries |  |  | 1,568 |  |  |  | 13,230 |
Accrued PE Op Co. purchase |  |  | 3,829 |  |  |  | 3,828 |
Other current liabilities |  |  | 183 |  |  |  | – |
Total current liabilities |  |  | 7,338 |  |  |  | 19,021 |
Long Term debt, net |  |  | 53,360 |  |  |  | – |
Warrant liabilities at fair value |  |  | 651 |  |  |  | 273 |
Deferred tax liabilities |  |  | 52 |  |  |  | 1,174 |
Other liabilities |  |  | 124 |  |  |  | 184 |
Total Liabilities |  |  | 61,525 |  |  |  | 20,652 |
Preferred stock |  |  | 1 |  |  |  | 1 |
Common stock |  |  | 40 |  |  |  | 39 |
Non-voting common stock |  |  | 4 |  |  |  | 4 |
Additional paid-in capital |  |  | 922,698 |  |  |  | 902,843 |
Accumulated other comprehensive income (expense) |  |  | (2,620 | ) |  |  | 1,040 |
Accumulated deficit |  |  | (532,233 | ) |  |  | (532,383 | )
Total Pacific Ethanol, Inc. stockholders' equity |  |  | 387,890 |  |  |  | 371,544 |
Total Liabilities and Stockholders' Equity |  | $ | 449,415 |  |  | $ | 392,196 |
Statements Of Operations Parent Company Only |
|  | Years Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Management fees from subsidiaries |  | $ | 12,968 |  |  | $ | 9,857 |  |  | $ | 12,731 |
Selling, general and administrative expenses |  |  | 14,491 |  |  |  | 14,336 |  |  |  | 12,779 |
Asset impairment |  |  | – |  |  |  | 1,970 |  |  |  | – |
Loss from operations |  |  | (1,523 | ) |  |  | (6,449 | ) |  |  | (48 | )
Fair value adjustments and warrant inducements |  |  | (557 | ) |  |  | 1,641 |  |  |  | (37,532 | )
Interest income |  |  | 5,964 |  |  |  | 5,739 |  |  |  | 4,753 |
Interest expense |  |  | (240 | ) |  |  | (27 | ) |  |  | (1,813 | )
Loss on extinguishments of debt |  |  | – |  |  |  | – |  |  |  | (2,363 | )
Other income |  |  | 1,931 |  |  |  | – |  |  |  | – |
Income (loss) before provision for income taxes |  |  | 5,575 |  |  |  | 904 |  |  |  | (37,003 | )
Provision (benefit) for income taxes |  |  | (981 | ) |  |  | (10,034 | ) |  |  | 15,137 |
Income (loss) before equity in earnings of subsidiaries |  |  | 6,556 |  |  |  | 10,938 |  |  |  | (52,140 | )
Equity in earnings (losses) of subsidiaries |  |  | (5,137 | ) |  |  | (29,724 | ) |  |  | 73,429 |
Consolidated net income (loss) |  | $ | 1,419 |  |  | $ | (18,786 | ) |  | $ | 21,289 |
Statements Of Cash Flows Parent Company Only |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 1,419 |  |  | $ | (18,786 | ) |  | $ | 21,289 |
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in earnings (losses) of subsidiaries |  |  | 5,137 |  |  |  | 29,724 |  |  |  | (73,429 | )
Depreciation and amortization |  |  | 727 |  |  |  | 390 |  |  |  | 126 |
Fair value adjustments |  |  | 557 |  |  |  | (1,641 | ) |  |  | 35,260 |
Loss on extinguishments of debt |  |  | – |  |  |  | – |  |  |  | 2,363 |
Asset impairment |  |  | – |  |  |  | 1,970 |  |  |  | – |
Deferred income taxes |  |  | (1,122 | ) |  |  | (14,260 | ) |  |  | 5,128 |
Amortization of debt discount |  |  | 10 |  |  |  | – |  |  |  | 1,674 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivables |  |  | 7,302 |  |  |  | (5,958 | ) |  |  | (7,001 | )
Other assets |  |  | 4,647 |  |  |  | (4,139 | ) |  |  | 1,365 |
AP and accruals |  |  | (3,741 | ) |  |  | 604 |  |  |  | (587 | )
Accounts payable with subsidiaries |  |  | (9,385 | ) |  |  | 11,179 |  |  |  | 5,846 |
Net cash provided by (used in) provided by operating activities |  | $ | 5,551 |  |  | $ | (917 | ) |  | $ | (7,966 | )
Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Additions to property and equipment |  | $ | (465 | ) |  | $ | (1,483 | ) |  | $ | (455 | )
Purchases of investments in subsidiaries |  |  | – |  |  |  | – |  |  |  | (6,000 | )
Investments in subsidiaries |  |  | (50,886 | ) |  |  | – |  |  |  | – |
Purchase of PE OP Co. debt |  |  | (17,003 | ) |  |  | – |  |  |  | (17,038 | )
Net cash used in investing activities |  | $ | (68,354 | ) |  | $ | (1,483 | ) |  | $ | (23,493 | )
Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes |  | $ | 53,350 |  |  | $ | – |  |  | $ | – |
Proceeds from exercise of warrants |  |  | 1,164 |  |  |  | 368 |  |  |  | 43,676 |
Preferred stock dividends |  |  | (1,269 | ) |  |  | (1,265 | ) |  |  | (3,459 | )
Proceeds from equity raise |  |  | – |  |  |  | – |  |  |  | 26,073 |
Payment on related party note |  |  | – |  |  |  | – |  |  |  | (750 | )
Payments on senior notes |  |  | – |  |  |  | – |  |  |  | (13,984 | )
Net cash provided by (used in) financing activities |  | $ | 53,245 |  |  | $ | (897 | ) |  | $ | 51,556 |
Net increase (decrease) increase in cash and equivalents |  |  | (9,558 | ) |  |  | (3,297 | ) |  |  | 20,097 |
Cash and equivalents at beginning of period |  |  | 20,618 |  |  |  | 23,915 |  |  |  | 3,818 |
Cash and equivalents at ending of period |  | $ | 11,060 |  |  | $ | 20,618 |  |  | $ | 23,915 |

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