StatementBusinessSegments [Axis]
Ethanol Production [Member]
Marketing and Distribution [Member]
Corporate Activities [Member]
Class of Stock [Axis]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Nonvoting Common Stock [Member]
Subsegments Consolidation Items [Axis]
Intersubsegment Eliminations [Member]
Subsegments [Axis]
External Customers [Member]
Legal Entity [Axis]
Pacific Ethanol Central Plants [Member]
Hedging Designation [Axis]
Non Designated Derivative Instruments [Member]
Derivative Instrument Risk [Axis]
Commodity Contracts [Member]
Retirement Plan Type [Axis]
Pension Plan [Member]
Postretirement Plan [Member]
Supply Commitment [Axis]
Ethanol Sales Contracts [Member]
Co-products Sales Contracts [Member]
Purchase Commitment, Excluding Long-term Commitment [Axis]
Ethanol Purchase Contracts [Member]
Related Party [Axis]
Suppliers [Member]
Financial Instrument [Axis]
Original issuance 7/3/2012 [Member]
Fair Value, Hierarchy [Axis]
Level 3 [Member]
Warrants [Member]
Derivative Financial Instrument [Member]
Level 1 [Member]
Level 2 [Member]
Defined Benefit Plan Assets Fixed Income [Member]
Defined Benefit Plan Assets International Equity [Member]
Defined Benefit Plan Assets Large U.S. Equity [Member]
Defined Benefit Plan Assets Small/Mid U.S. Equity [Member]
Intersegment Net Sales [Member]
Shareholders' Equity Class [Axis]
Consolidated Entities [Axis]
Pacific Aurora [Member]
ACEC [Member]
Lender Name [Axis]
Kinergy [Member]
Pekin [Member]
Document And Entity Information
Entity Registrant Name
Entity Central Index Key
Document Type
Document Period End Date
Amendment Flag
Current Fiscal Year End Date
Entity Filer Category
Entity Common Stock, Shares Outstanding
Trading Symbol
Document Fiscal Period Focus
Document Fiscal Year Focus
Statement [Table]
Statement [Line Items]
ASSETS
Current Assets:
Cash and cash equivalents
Accounts receivable, net (net of allowance for doubtful accounts of $41 and $331, respectively)
Inventories
Prepaid inventory
Income tax receivables
Derivative Instruments
Other current assets
Total current assets
Property and equipment, net
Other Assets:
Intangible assets, net
Other assets
Total other assets
Total Assets
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable - trade
Accrued liabilities
Current portion - capital leases
Current portion - long-term debt
Accrued PE Op Co. purchase
Derivative instruments
Other current liabilities
Total current liabilities
Long-term debt, net of current portion
Capital leases, net of current portion
Warrant liabilities at fair value
Other liabilities
Total Liabilities
Commitments and Contingencies (Note 6)
Stockholders' Equity:
Pacific Ethanol, Inc. Stockholders' Equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized
Common stock, $0.001 par value; 300,000 shares authorized; 40,414 and 39,772 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively
Non-voting common stock, $0.001 par value; 3,553 shares authorized; 3,413 and 3,540 shares issued and outstanding as of March 31, 2017 and December 31, 2016, respectively
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Total Pacific Ethanol, Inc. Stockholders' Equity
Noncontrolling interests
Total Stockholders' Equity
Total Liabilities and Stockholders' Equity
Accounts receivable, net of allowance
Preferred stock, par value
Preferred stock, shares authorized
Preferred stock, shares issued
Preferred stock, shares outstanding
Liquidation preference
Common stock, par value
Common stock, shares authorized
Common stock, shares issued
Common stock, shares outstanding
Income Statement [Abstract]
Net sales
Cost of goods sold
Gross profit (loss)
Selling, general and administrative expenses
Loss from operations
Fair value adjustments
Interest expense, net
Other income (expense), net
Loss before benefit for income taxes
Provision (benefit) for income taxes
Consolidated net loss
Net loss attributed to noncontrolling interests
Net loss attributed to Pacific Ethanol, Inc.
Preferred stock dividends
Net loss available to common stockholders
Net loss per share, basic and diluted
Weighted-average shares outstanding, basic and diluted
Statement of Cash Flows [Abstract]
Operating Activities:
Consolidated net loss
Adjustments to reconcile consolidated net loss to net cash provided by (used in) operating activities:
Fair value adjustments
Depreciation and amortization of intangibles
Inventory valuation adjustment
Interest expense added to term debt
Amortization of debt discount
Non-cash compensation
Amortization of deferred financing fees
Gain on derivatives
Bad debt expense
Changes in operating assets and liabilities:
Accounts receivable
Inventories
Prepaid expenses and other assets
Prepaid inventory
Accounts payable and accrued expenses
Net cash provided by (used in) operating activities
Investing Activities:
Additions to property and equipment
Net cash used in investing activities
Financing Activities:
Net payments on Kinergy's line of credit
Principal payments on borrowings
Principal payments on capital leases
Proceeds from exercise of warrants
Debt issuance costs
Preferred stock dividends paid
Net cash used in financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental Information:
Interest paid
Income taxes received
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation
Segment Reporting [Abstract]
Segments
Inventory Disclosure [Abstract]
Inventories
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives
Debt Disclosure [Abstract]
Debt
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies
Retirement Benefits [Abstract]
Pension Plans
Fair Value Disclosures [Abstract]
Fair Value Measurements
Earnings Per Share [Abstract]
Earnings Per Share
Accounting Policies [Abstract]
Organization and Business
Accounts Receivable and Allowance for Doubtful Accounts
Benifit for Income Taxes
Financial Instruments
Recent Accounting Pronouncements
Estimates and Assumptions
Schedule of Financial Date for Operating Segments
Schedule of Assets by Operating Segments
Schedule of Inventories
Schedule of Derivatives Not Designated as Hedging Instruments
Schedule of Recognized Gains (Losses) for Derivatives
Schedule of Long Term Debt
Schedule of Significant Assumptions Used and Related Fair Values for Warrants
Summary of Recurring Fair Value Measurements by Level
Schedule of Fair Value of Level 3 Inputs to Warrants
Schedule of Computation of Basic and Diluted Earnings Per Share
Ownership interest
Noncontrolling interest owned
Number of ethanol plants
Ethanol production capacity per year
Ethanol market capacity per year
Other products produced per year
Accounts receivable used as collateral
Allowance for doubtful accounts
Bad debt expense
Benefit for income taxes
Segments [Axis]
Net Sales
Income (loss) before provision for income taxes
Depreciation and amortization
Interest expense
Assets
Number of operating segments
Finished goods
LCFS credits
Raw materials
Work in progress
Other
Total
Balance Sheet Location [Axis]
Derivative Instrument [Axis]
Commodity contracts - Derivative assets
Commodity contracts - Derivative liabilities
Derivative Instruments, Gain (Loss) [Table]
Derivative Instruments, Gain (Loss) [Line Items]
Income Statement Location [Axis]
Realized Gains (Losses)
Unrealized Gains (Losses)
Recognized gain on derivative instruments
Long-term borrowings are summarized as follows
Credit line/Revolving loan
Term debt
Notes payable
Total debt
Less unamortized discount
Less unamortized debt financing costs
Less short-term portion
Long-term debt
Available borrowing base
Asset unavailable for transfer due to loan restrictions
Open ethanol indexed-price sales contracts
Open fixed-price sales contracts valued
Indexed-price purchase contracts
Fixed-price purchase contracts value
Proceeds from settlement
Gain on settlement
Accumulated projected benefit obligation
Fair value of plan assets
Underfunded amount
Net periodic expense
Interest cost
Service cost
Partially offset expected return on plan assets
Exercise price
Volatility
Risk free interest rate
Term (years)
Market Discount
Warrants Outstanding
Fair value
Fair Value Measurements, Recurring and Nonrecurring [Table]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Summary of fair value measurements by level
Assets:
Assets
Liabilities:
Liabilities
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance
Adjustments to fair value for the period
Ending Balance
Net loss attributed to Pacific Ethanol, Inc.
Less: Preferred stock dividends
Loss attributed to common stockholders
Potentially dilutive weighted-average shares from convertible securities outstanding
Co-products Sales Contracts [Member]
Corporate Assets [Member]
Defined Benefit Plan Assets Fixed Income [Member]
Defined Benefit Plan Assets International Equity [Member]
Defined Benefit Plan Assets Large U.S. Equity [Member]
Defined Benefit Plan Assets Small/Mid U.S. Equity [Member]
Derivative Financial Instrument [Member]
Ethanol market capacity per year
Ethanol production capacity per year
Ethanol Production [Member]
Ethanol Purchase Contracts [Member]
Ethanol Sales Contracts [Member]
External Customers [Member]
Fair Value Assumptions Marketability Discount.
Interest expense added to term debt.
Low carbon fuel standard credits, inventory
Marketing and Distribution [Member]
Nonvoting Common Stock Value.
Number of ethanol plants.
Other products produced per year
Pacific Ethanol Central Plants [Member]
Suppliers [Member]
Custom Element.
Warrant liabilities at fair value.
Assets, Current
Other Assets
Liabilities, Current
Liabilities
Stockholders' Equity Attributable to Parent
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Liabilities and Equity
Gross Profit
Operating Income (Loss)
Net Income (Loss) Attributable to Noncontrolling Interest
Dividends, Preferred Stock
Unrealized Gain (Loss) on Derivatives
Increase (Decrease) in Accounts Receivable
Increase (Decrease) in Inventories
Increase (Decrease) in Prepaid Expense and Other Assets
Increase (Decrease) in Prepaid Expenses, Other
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
Payments to Acquire Property, Plant, and Equipment
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Repayments of Lines of Credit
Repayments of Short-term Debt
Repayments of Debt and Capital Lease Obligations
Payments of Debt Issuance Costs
Payments of Ordinary Dividends, Preferred Stock and Preference Stock
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
Inventory Disclosure [Text Block]
Provision for Doubtful Accounts
Debt Instrument, Unamortized Discount
Debt Issuance Costs, Net
Assets, Fair Value Disclosure
Financial and Nonfinancial Liabilities, Fair Value Disclosure
Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements