Pacific Ethanol, Inc. (PEIX) financial statements (2021 and earlier)

Company profile

Business Address 400 CAPITOL MALL, SUITE 2060
SACRAMENTO, CA 95814
State of Incorp. DE
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48192749695362
Cash and cash equivalents48192749695362
Receivables14746881927235
Inventory, net of allowances, customer advances and progress billings42615862606119
Inventory42615862606119
Derivative instruments and hedges, assets172211  
Assets held-for-sale, not part of disposal group5817    
Other current assets541174613
Other undisclosed current assets30553310612
Total current assets:214232169203235198140
Noncurrent Assets
Operating lease, right-of-use asset1124
Property, plant and equipment229333483508465465155
Intangible assets, net (including goodwill)3333333
Intangible assets, net (excluding goodwill)3333333
Regulated entity, other noncurrent assets12     
Other noncurrent assets54665102
Other undisclosed noncurrent assets1414     
Total noncurrent assets:263380491517473477160
TOTAL ASSETS:477612660720708675300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24527261574119
Accounts payable13294840373113
Accrued liabilities1122232220106
Debt26841472111214
Derivative instruments and hedges, liabilities 2624  
Deferred tax liabilities    17
Other liabilities16676272
Other undisclosed current liabilities2217  44(17)
Total current liabilities:8716023291797325
Noncurrent Liabilities
Long-term debt and lease obligation, including:721818522118920935
Long-term debt, excluding current maturities721818522118820435
Capital lease obligations00142
Other undisclosed long-term debt and lease obligation      (2)
Liabilities, other than long-term debt1323152523222
Deferred tax liabilities, net   1 
Other liabilities1323152522210
Derivative instruments and hedges, liabilities    102
Other undisclosed noncurrent liabilities9219   19
Total noncurrent liabilities:9422510924621123156
Total liabilities:18138534133729030482
Stockholders' equity
Stockholders' equity attributable to parent, including:296220300356388372214
Common stock0000  0
Additional paid in capital1,037942932927923903726
Accumulated other comprehensive loss(4)(2)(2)(2)   
Accumulated deficit(737)(720)(630)(568)(532)(532)(512)
Warrants and rights outstanding      2
Other undisclosed stockholders' equity attributable to parent0000(3)1(2)
Stockholders' equity attributable to noncontrolling interest 7202730 4
Total stockholders' equity:296227319384418372218
TOTAL LIABILITIES AND EQUITY:477612660720708675300

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8971,4251,5151,6321,6251,1961,107
Revenue, net1,6321,6251,1911,107
Cost of revenue
(Cost of Goods and Services Sold)
(844)(1,435)(1,531)(1,626)(1,573)(1,184)(1,000)
Other undisclosed gross profit     (5)1
Gross profit:53(10)(15)6527108
Operating expenses(30)(65)(36)(32)(28)(25)(32)
Other undisclosed operating income (loss)(13)     14
Operating income (loss):10(75)(52)(26)24(18)91
Nonoperating expense
(Investment Income, Nonoperating)
      (1)
Interest and debt expense(18)(27)(17)(13)(22)(13)(12)
Income (loss) from continuing operations before equity method investments, income taxes:(8)(101)(69)(39)1(31)78
Other undisclosed income (loss) from continuing operations before income taxes(9)000(1)2(37)
Income (loss) from continuing operations before income taxes:(17)(101)(68)(38)1(29)41
Income tax expense (benefit)0010110(15)
Net income (loss):(17)(101)(68)(38)2(19)26
Net income attributable to noncontrolling interest2128    
Other undisclosed net income (loss) attributable to parent   3(0)0(5)
Net income (loss) attributable to parent:(15)(89)(60)(35)1(19)21
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1)(1)
Net income (loss) available to common stockholders, diluted:(16)(90)(62)(36)0(20)20

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(17)(101)(68)(38)2(19)26
Other undisclosed comprehensive income (loss)(2)0(0)0(4)  
Comprehensive income (loss):(19)(101)(68)(38)(2)(19)26
Comprehensive income, net of tax, attributable to noncontrolling interest212830  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (0)1 
Comprehensive income (loss), net of tax, attributable to parent:(17)(89)(60)(35)(2)(18)26

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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