Pacific Ethanol market cap is $29 m, and annual revenue was $1.52 b in FY 2018

Pacific Ethanol Gross profit (Q2, 2019)4 M

Pacific Ethanol Gross profit margin (Q2, 2019), %1.1%

Pacific Ethanol EBIT (Q2, 2019)-2.7 M

Pacific Ethanol Cash, 30-Jun-201916.5 M

Pacific Ethanol EV115.2 M

Pacific Ethanol revenue was $1.52 b in FY, 2018

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Revenue | 908.4m | 1.1b | 1.2b | 1.6b | 1.6b | 1.5b |

| 22% | |||||

## Cost of goods sold | 875.5m | 998.9m | 1.2b | 1.6b | 1.6b | 1.5b |

## Gross profit | 32.9m | 108.5m | 7.4m | 51.8m | 5.9m | (15.2m) |

| 4% | 10% | 1% | 3% | 0% | (1%) |

## General and administrative expense | 14.0m | 23.4m | 28.3m | 31.5m | 36.4m | |

## Operating expense total | 14.0m | 23.4m | 28.3m | 31.5m | 36.4m | |

## EBIT | 18.9m | 91.4m | (18.0m) | 23.5m | (25.6m) | (51.5m) |

| 2% | 8% | (2%) | 1% | (2%) | (3%) |

## Interest expense | 15.7m | 9.4m | 12.6m | 22.4m | 12.9m | 17.1m |

## Pre tax profit | (1.2m) | (28.9m) | 545.0k | (38.4m) | ||

## Income tax expense | 15.1m | (10.0m) | (981.0k) | (321.0k) | (562.0k) | |

## Net Income | (1.2m) | 26.0m | (18.9m) | 1.5m | (38.1m) | (67.9m) |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Cash | 5.2m | 62.1m | 52.7m | 68.6m | 49.5m | 26.6m |

## Accounts Receivable | ||||||

## Inventories | 23.4m | 18.6m | 60.8m | 60.1m | 61.6m | 57.8m |

## Current Assets | 79.4m | 139.6m | 197.9m | 235.2m | 203.2m | 168.8m |

## PP&E | 155.2m | 465.0m | 465.2m | 508.4m | 482.7m | |

## Total Assets | 241.0m | 299.5m | 675.1m | 708.2m | 720.3m | 660.0m |

## Accounts Payable | 11.1m | 30.5m | 2.1m | 39.7m | 48.2m | |

## Short-term debt | ||||||

## Current Liabilities | 28.2m | 25.4m | 72.9m | 78.8m | 90.7m | 231.9m |

## Long-term debt | 98.4m | 34.5m | 204.3m | 188.0m | 221.1m | 84.8m |

## Total Debt | 98.4m | 204.3m | 188.0m | 221.1m | 84.8m | |

## Total Liabilities | 146.1m | 303.6m | 290.0m | 336.6m | 340.6m | |

## Additional Paid-in Capital | 621.6m | 725.8m | 902.8m | 922.7m | 927.1m | 932.2m |

## Retained Earnings | (532.4m) | (512.3m) | (532.4m) | (532.2m) | (568.5m) | (630.0m) |

## Total Equity | 94.9m | 218.0m | 371.5m | 418.3m | 383.7m | 319.4m |

## Debt to Equity Ratio | 0.4 x | 0.6 x | ||||

## Debt to Assets Ratio | 0.3 x | 0.3 x | ||||

## Financial Leverage | 2.5 x | 1.4 x | 1.8 x | 1.7 x | 1.9 x | 2.1 x |

USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|

## Net Income | 26.0m | (18.9m) | 1.5m | (38.1m) | (67.9m) | |

## Depreciation and Amortization | 40.8m | |||||

## Accounts Receivable | (9.4m) | 726.0k | (15.9m) | (25.2m) | 17.6m | 12.7m |

## Inventories | (2.1m) | 3.9m | (13.3m) | 750.0k | 5.1m | 4.1m |

## Accounts Payable | 8.9m | 1.9m | (10.0m) | 9.3m | (5.5m) | 4.1m |

## Cash From Operating Activities | 14.2m | 88.3m | (26.8m) | 40.4m | 36.5m | 1.6m |

## Purchases of PP&E | (4.0m) | (13.3m) | (20.5m) | (19.2m) | (20.9m) | (15.2m) |

## Cash From Investing Activities | (6.3m) | (19.3m) | (6.3m) | (14.6m) | (50.4m) | (15.2m) |

## Short-term Borrowings | (1.6m) | (4.9m) | ||||

## Cash From Financing Activities | (10.3m) | (12.1m) | 23.8m | (9.9m) | (839.0k) | (9.3m) |

## Interest Paid | 7.5m | 6.6m | 11.7m | 11.2m | 11.1m | 15.1m |

## Income Taxes Paid | 17.9m |

USD | Y, 2019 |
---|---|

## EV/EBIT | -42.1 x |

## EV/CFO | -4.5 x |

## Financial Leverage | 2.3 x |