Pacific Ethanol

Pacific Ethanol, Inc. (Pacific Ethanol) is a marketer and producer of low-carbon renewable fuels in the Western United States. Pacific Ethanol markets all the ethanol produced by four ethanol production facilities located in California, Idaho and Oregon, or the Pacific Ethanol Plants, all the ethanol produced by three other ethanol producers in the Western United States and ethanol purchased from other third-party suppliers throughout the United States. It also markets ethanol co-products, including wet distiller’s grains and syrup (WDG), for the Pacific Ethanol Plants. The Company holds a 34% ownership interest in New PE Holdco LLC (New PE Holdco), the plant owners, which collectively own the Pacific Ethanol Plants. The Company's ethanol customers are integrated oil companies and gasoline marketers who blend ethanol into gasoline. In July 2012, it acquired an additional 33% ownership interest in New PE Holdco LLC, the owner of the Pacific Ethanol plants

Type
Public
HQ
Sacramento, US
Founded
2005
Size (employees)
465 (est)
Pacific Ethanol was founded in 2005 and is headquartered in Sacramento, US

Key People at Pacific Ethanol

Neil M. Koehler

Neil M. Koehler

CEO

Pacific Ethanol Office Locations

Pacific Ethanol has an office in Sacramento
Sacramento, US (HQ)
2060 Wells Fargo Center 400 Capitol Mall

Pacific Ethanol Data and Metrics

Pacific Ethanol Financial Metrics

Pacific Ethanol's revenue was reported to be $386.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

386.3 m

Gross profit (Q1, 2017)

(5.8 m)

Gross profit margin (Q1, 2017), %

(1%)

EBIT (Q1, 2017)

(11.2 m)

Market capitalization (25-Jul-2017)

267 m

Cash (31-Mar-2017)

73.7 m
Pacific Ethanol's current market capitalization is $267 m.
USDFY, 2013FY, 2014FY, 2016

Revenue

908.4 m1.1 b1.6 b

Revenue growth, %

22%

Cost of goods sold

875.5 m998.9 m1.6 b

Gross profit

32.9 m108.5 m51.8 m

Gross profit Margin, %

4%10%3%

EBIT

18.9 m91.4 m23.5 m

EBIT margin, %

2%8%1%

Pre tax profit

(1.2 m)

Net Income

(1.2 m)26 m1.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

321.1 m275.6 m206.2 m227.6 m380.6 m342.4 m422.9 m417.8 m386.3 m

Cost of goods sold

287.6 m257.6 m207.2 m221.4 m388 m341.3 m405.2 m411.4 m392.1 m

Gross profit

33.6 m18 m(987 k)6.3 m(7.4 m)1.1 m17.7 m6.4 m(5.8 m)

Gross profit Margin, %

10%7%(0%)3%(2%)0%4%2%(1%)

General and administrative expense

4.3 m4.4 m4.9 m4 m7.4 m8.3 m6.1 m6 m5.5 m

Operating expense total

4.3 m4.4 m4.9 m4 m7.4 m8.3 m6.1 m6 m5.5 m

EBIT

29.3 m13.6 m(5.9 m)2.3 m(14.8 m)(7.2 m)11.6 m393 k(11.2 m)

EBIT margin, %

9%5%(3%)1%(4%)(2%)3%0%(3%)

Interest expense

(2.9 m)(1.1 m)(1 m)(1 m)(5.2 m)(6.2 m)(6.5 m)(3.9 m)(2.6 m)

Pre tax profit

(7.2 m)(13.2 m)

Income tax expense

7.2 m3.2 m(2.7 m)530 k(3.9 m)(245 k)

Net Income

8.1 m12.9 m(3.5 m)(18.1 m)5.1 m
USDFY, 2013FY, 2014FY, 2016

Cash

5.2 m62.1 m68.6 m

Inventories

23.4 m18.6 m60.1 m

Current Assets

79.4 m139.6 m235.2 m

PP&E

465.2 m

Total Assets

241 m299.5 m708.2 m

Accounts Payable

2.1 m

Total Debt

188 m

Current Liabilities

28.2 m25.4 m78.8 m

Total Liabilities

290 m

Additional Paid-in Capital

621.6 m725.8 m922.7 m

Retained Earnings

(532.4 m)(512.3 m)(532.2 m)

Total Equity

94.9 m218 m418.3 m

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.5 x1.4 x1.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

25.9 m56.3 m42.3 m49.3 m53.1 m19.2 m31.7 m40.6 m73.7 m

Accounts Receivable

43.1 m30.5 m27.3 m28.6 m51.4 m63.4 m71.9 m68.8 m64 m

Inventories

27.6 m20.3 m17.8 m18.9 m48.2 m69.3 m65.9 m65 m58 m

Current Assets

112.4 m119.8 m110.6 m117.7 m183 m170.2 m203.3 m197.2 m213.3 m

PP&E

155.5 m155.8 m160.2 m160.8 m472.6 m461.3 m454.8 m452.5 m460.2 m

Total Assets

272.7 m280.1 m275.2 m282.9 m668 m643.2 m665.7 m657.1 m681.8 m

Current Liabilities

33.3 m26.5 m22.8 m25.9 m75.6 m57.6 m65.5 m213.1 m72 m

Additional Paid-in Capital

687 m732.8 m726.5 m726.9 m902 m903.4 m903.7 m904.4 m924 m

Retained Earnings

(528.2 m)(524.5 m)(517 m)(516.3 m)(531.3 m)(545.9 m)(541.2 m)(545 m)(545.2 m)

Total Equity

167.9 m212.2 m213.9 m210.6 m370.7 m358.6 m363.6 m360.5 m405.7 m

Financial Leverage

1.6 x1.3 x1.3 x1.3 x1.8 x1.8 x1.8 x1.8 x1.7 x
USDFY, 2013FY, 2014FY, 2016

Net Income

26 m1.5 m

Accounts Receivable

(9.4 m)726 k(25.2 m)

Inventories

(2.2 m)3.9 m750 k

Accounts Payable

8.9 m1.9 m9.3 m

Cash From Operating Activities

14.2 m88.3 m40.4 m

Purchases of PP&E

(4 m)(13.3 m)(19.2 m)

Cash From Investing Activities

(6.3 m)(19.3 m)(14.6 m)

Short-term Borrowings

(1.6 m)(4.9 m)

Cash From Financing Activities

(10.3 m)(12.1 m)(9.9 m)

Interest Paid

7.5 m6.6 m11.2 m

Income Taxes Paid

17.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.1 m12.9 m(3.5 m)(18.1 m)5.1 m

Accounts Receivable

(7.7 m)4.9 m7.3 m6 m(6 m)(2.3 m)(10.9 m)(7.8 m)22.3 m

Inventories

(4.2 m)2.4 m709 k(321 k)(205 k)(8.4 m)(5.1 m)(4.2 m)(61 k)

Accounts Payable

5.3 m(2 m)(832 k)(1.1 m)(9 m)416 k(3.8 m)(2.8 m)(8.2 m)

Cash From Operating Activities

51.3 m76.3 m7.3 m11.4 m(17.4 m)(5.2 m)1.1 m15 m12.1 m

Purchases of PP&E

(6.5 m)(10 m)(8.2 m)(12.2 m)(17.7 m)(5 m)(7.5 m)(14 m)(4.1 m)

Cash From Investing Activities

(6.5 m)(16 m)(8.2 m)(12.2 m)(3.5 m)(5 m)(3.5 m)(9.9 m)(4.1 m)

Dividends Paid

(627 k)(946 k)(312 k)(627 k)(946 k)(315 k)(630 k)(949 k)(312 k)

Cash From Financing Activities

(24 m)(9.1 m)(19 m)(12 m)11.9 m(23.4 m)(18.7 m)(17.2 m)(2.8 m)

Interest Paid

4.5 m5.6 m969 k1.9 m6 m2.1 m2.6 m7.3 m2.4 m

Income Taxes Paid

3.2 m10.5 m
USDY, 2017

Revenue/Employee

830.8 k

Financial Leverage

1.7 x

Pacific Ethanol Market Value History

Pacific Ethanol Online and Social Media Presence

Pacific Ethanol Company Life and Culture

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