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PARENT COMPANY FINANCIALS. (Tables) | 9 Months Ended
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Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Schedule of balance sheets - parent company | Parent company financial statements for the periods covered in this report are set forth below (in thousands):
|  | September 30, 2019 |  |  | December 31, 2018 |
Current Assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5,658 |  |  | $ | 6,759 |
Receivables from subsidiaries |  |  | 12,270 |  |  |  | 17,156 |
Other current assets |  |  | 1,183 |  |  |  | 1,659 |
Total current assets |  |  | 19,111 |  |  |  | 25,574 |
Property and equipment, net |  |  | 308 |  |  |  | 522 |
Other Assets: |  |  |  |  |  |  |  |
Investments in subsidiaries |  |  | 249,641 |  |  |  | 286,666 |
Pacific Ethanol West plant receivable |  |  | 55,750 |  |  |  | 58,766 |
Right of use operating lease assets, net |  |  | 3,318 |  |  |  | — |
Other assets |  |  | 1,529 |  |  |  | 1,437 |
Total other assets |  |  | 310,238 |  |  |  | 346,869 |
Total Assets |  | $ | 329,657 |  |  | $ | 372,965 |
Current Liabilities: |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 2,437 |  |  | $ | 2,469 |
Accrued PE Op Co. purchase |  |  | 3,829 |  |  |  | 3,829 |
Current portion of long-term debt |  |  | 62,866 |  |  |  | 66,255 |
Other current liabilities |  |  | 587 |  |  |  | 385 |
Total current liabilities |  |  | 69,719 |  |  |  | 72,938 |
Operating leases, net of current portion |  |  | 3,108 |  |  |  | — |
Deferred tax liabilities |  |  | 251 |  |  |  | 251 |
Other liabilities |  |  | — |  |  |  | 9 |
Total Liabilities |  |  | 73,078 |  |  |  | 73,198 |
Stockholders’ Equity: |  |  |  |  |  |  |  |
Preferred stock |  |  | 1 |  |  |  | 1 |
Common and non-voting common stock |  |  | 50 |  |  |  | 46 |
Additional paid-in capital |  |  | 937,795 |  |  |  | 932,179 |
Accumulated other comprehensive loss |  |  | (2,459 | ) |  |  | (2,459 | )
Accumulated deficit |  |  | (678,808 | ) |  |  | (630,000 | )
Total Pacific Ethanol, Inc. stockholders’ equity |  |  | 256,579 |  |  |  | 299,767 |
Total Liabilities and Stockholders’ Equity |  | $ | 329,657 |  |  | $ | 372,965 |
Schedule of statement of operations parent company |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Management fees from subsidiaries |  | $ | 3,330 |  |  | $ | 3,330 |  |  | $ | 9,660 |  |  | $ | 9,738 |
Selling, general and administrative expenses |  |  | 3,827 |  |  |  | 3,181 |  |  |  | 11,374 |  |  |  | 13,069 |
Income (loss) from operations |  |  | (497 | ) |  |  | 149 |  |  |  | (1,714 | ) |  |  | (3,331 | )
Interest income |  |  | 1,145 |  |  |  | 1,185 |  |  |  | 3,486 |  |  |  | 3,518 |
Interest expense |  |  | (2,276 | ) |  |  | (2,171 | ) |  |  | (7,039 | ) |  |  | (6,458 | )
Other expense |  |  | (4 | ) |  |  | (4 | ) |  |  | (86 | ) |  |  | — |
Loss before benefit for income taxes |  |  | (1,632 | ) |  |  | (841 | ) |  |  | (5,353 | ) |  |  | (6,271 | )
Benefit for income taxes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 563 |
Loss before benefit for income taxes |  |  | (1,632 | ) |  |  | (841 | ) |  |  | (5,353 | ) |  |  | (5,708 | )
Equity in losses of subsidiaries |  |  | (25,694 | ) |  |  | (6,673 | ) |  |  | (42,509 | ) |  |  | (22,555 | )
Consolidated net loss |  | $ | (27,326 | ) |  | $ | (7,514 | ) |  | $ | (47,862 | ) |  | $ | (28,263 | )
Schedule of statement of cash flows parent company |
|  | For the Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |
Operating Activities: |  |  |  |  |  |
Net loss |  | $ | (47,862 | ) |  | $ | (28,263 | )
Adjustments to reconcile net loss to cash used in operating activities: |  |  |  |  |  |  |  |
Equity in losses of subsidiaries |  |  | 42,509 |  |  |  | 22,555 |
Depreciation |  |  | 227 |  |  |  | 481 |
Deferred income taxes |  |  | — |  |  |  | 563 |
Amortization of debt discounts |  |  | 539 |  |  |  | 357 |
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
Accounts receivables |  |  | (114 | ) |  |  | (5,062 | )
Other assets |  |  | 173 |  |  |  | 2,489 |
Accounts payable and accrued expenses |  |  | 1,950 |  |  |  | 5 |
Accounts payable with subsidiaries |  |  | (502 | ) |  |  | (622 | )
Net cash used in operating activities |  | $ | (3,080 | ) |  | $ | (7,497 | )
Investing Activities: |  |  |  |  |  |  |  |
Dividend from subsidiaries |  | $ | — |  |  | $ | 10,000 |
Contributions to subsidiaries |  |  | — |  |  |  | (5,000 | )
Additions to property and equipment |  |  | (13 | ) |  |  | (6 | )
Net cash provided by (used in) investing activities |  | $ | (13 | ) |  | $ | 4,994 |
Financing Activities: |  |  |  |  |  |  |  |
Proceeds from issuances of common stock |  | $ | 3,670 |  |  | $ | — |
Proceeds from Pacific Ethanol West |  |  | 3,016 |  |  |  | — |
Payments on senior notes |  |  | (3,748 | ) |  |  | — |
Preferred stock dividend payments |  |  | (946 | ) |  |  | (946 | )
Net cash provided by (used in) financing activities |  | $ | 1,992 |  |  | $ | (946 | )
Net decrease in cash and cash equivalents |  |  | (1,101 | ) |  |  | (3,449 | )
Cash and cash equivalents at beginning of period |  |  | 6,759 |  |  |  | 5,314 |
Cash and cash equivalents at end of period |  | $ | 5,658 |  |  | $ | 1,865 |

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