$GEVO
Gevo, Inc.

2014 Q3 Form 10-Q Financial Statement

#000156459015009709 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2014 Q3
Revenue $10.14M
YoY Change 797.35%
Cost Of Revenue $11.76M
YoY Change 147.58%
Gross Profit -$1.619M
YoY Change -55.28%
Gross Profit Margin -15.97%
Selling, General & Admin $3.570M
YoY Change -46.48%
% of Gross Profit
Research & Development $3.723M
YoY Change -32.01%
% of Gross Profit
Depreciation & Amortization $1.610M
YoY Change 85.06%
% of Gross Profit
Operating Expenses $7.293M
YoY Change 33.18%
Operating Profit -$8.912M
YoY Change -43.46%
Interest Expense $2.880M
YoY Change -2020.0%
% of Operating Profit
Other Income/Expense, Net $7.974M
YoY Change -6636.07%
Pretax Income -$940.0K
YoY Change -94.08%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$938.0K
YoY Change -94.1%
Net Earnings / Revenue -9.25%
Basic Earnings Per Share
Diluted Earnings Per Share -$94.00M
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.00M
YoY Change -45.53%
Cash & Equivalents $14.01M
Short-Term Investments
Other Short-Term Assets $900.0K
YoY Change -35.71%
Inventory $4.000M
Prepaid Expenses
Receivables $2.000M
Other Receivables $0.00
Total Short-Term Assets $20.94M
YoY Change -34.77%
LONG-TERM ASSETS
Property, Plant & Equipment $82.51M
YoY Change -0.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000M
YoY Change 73.91%
Total Long-Term Assets $86.54M
YoY Change 1.81%
TOTAL ASSETS
Total Short-Term Assets $20.94M
Total Long-Term Assets $86.54M
Total Assets $107.5M
YoY Change -8.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.800M
YoY Change -64.1%
Accrued Expenses $4.700M
YoY Change -52.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $300.0K
YoY Change -97.14%
Total Short-Term Liabilities $10.60M
YoY Change -64.31%
LONG-TERM LIABILITIES
Long-Term Debt $39.00M
YoY Change 75.68%
Other Long-Term Liabilities $300.0K
YoY Change -25.0%
Total Long-Term Liabilities $39.30M
YoY Change 73.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.60M
Total Long-Term Liabilities $39.30M
Total Liabilities $50.00M
YoY Change -4.58%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.50M
YoY Change
Total Liabilities & Shareholders Equity $107.5M
YoY Change -8.2%

Cashflow Statement

Concept 2014 Q3
OPERATING ACTIVITIES
Net Income -$938.0K
YoY Change -94.1%
Depreciation, Depletion And Amortization $1.610M
YoY Change 85.06%
Cash From Operating Activities -$7.390M
YoY Change -41.02%
INVESTING ACTIVITIES
Capital Expenditures $716.0K
YoY Change -59.46%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$710.0K
YoY Change -646.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $18.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.21M
YoY Change -740.71%
NET CHANGE
Cash From Operating Activities -7.390M
Cash From Investing Activities -710.0K
Cash From Financing Activities 16.21M
Net Change In Cash 8.110M
YoY Change -154.32%
FREE CASH FLOW
Cash From Operating Activities -$7.390M
Capital Expenditures $716.0K
Free Cash Flow -$8.106M
YoY Change -43.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6177945
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4638561
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12700844
us-gaap Share Based Compensation
ShareBasedCompensation
1953000
us-gaap Share Based Compensation
ShareBasedCompensation
2362000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4897000
CY2014Q3 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
726000
CY2015Q3 gevo Gain Loss From Change In Fair Value Of Senior Secured Convertible Debt
GainLossFromChangeInFairValueOfSeniorSecuredConvertibleDebt
157000
CY2015Q3 gevo Gain Loss From Change In Fair Value Of Warrant Liabilities
GainLossFromChangeInFairValueOfWarrantLiabilities
4719000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14000
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2755000
CY2014Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
7974000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-6519000
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
one-for-fifteen
us-gaap Depreciation And Amortization
DepreciationAndAmortization
3214000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2740000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
6374000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1227000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
685000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1589000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
446000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-114000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-302000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-21012000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-32606000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
271000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4553000
gevo Proceeds From Sales Tax Refund For Property Plant And Equipment
ProceedsFromSalesTaxRefundForPropertyPlantAndEquipment
144000
us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
2611000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-127000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-7164000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
236000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
9720000
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
2785000
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
5051000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
19000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23850000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18000000
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
10150863
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
25907000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
30983000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
29155000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9844000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-10615000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24625000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14010000
us-gaap Interest Paid
InterestPaid
3449000
us-gaap Interest Paid
InterestPaid
3697000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
201000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
131000
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
99000
gevo Conversion Of Convertible Debt To Common Stock
ConversionOfConvertibleDebtToCommonStock
2000000
CY2015Q3 gevo Operating Expenses Depreciation
OperatingExpensesDepreciation
200000
CY2014Q3 gevo Operating Expenses Depreciation
OperatingExpensesDepreciation
300000
gevo Warrants Issued To Purchase Additional Shares Of Common Stock
WarrantsIssuedToPurchaseAdditionalSharesOfCommonStock
7283584
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21342000
CY2015Q3 us-gaap Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
1400000
CY2014Q3 us-gaap Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
1400000
CY2015Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
389000
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
525000
CY2015Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
610000
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
610000
CY2015Q3 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1353000
CY2014Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1444000
CY2015Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
102744000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
102582000
CY2015Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
26239000
CY2014Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
822000
CY2014Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
49000
CY2014Q4 us-gaap Secured Debt
SecuredDebt
773000
CY2015Q3 us-gaap Assets Net
AssetsNet
10000000
CY2013Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
14501000
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2648000
CY2014 us-gaap Embedded Derivative Gain Loss On Embedded Derivative Net
EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet
3470000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3563000
gevo Conversion Of Convertible Debt
ConversionOfConvertibleDebt
2000000
CY2015Q3 gevo Common Shares Issued Upon Exercise Of Warrants
CommonSharesIssuedUponExerciseOfWarrants
3144974
CY2013Q3 us-gaap Production Barrels Of Oil Equivalents1
ProductionBarrelsOfOilEquivalents1
20000
CY2013Q1 us-gaap Production Barrels Of Oil Equivalents1
ProductionBarrelsOfOilEquivalents1
3650
CY2013Q2 gevo Increase Decrease In Production Barrels Of Oil Equivalents
IncreaseDecreaseInProductionBarrelsOfOilEquivalents
12500
gevo Equity Ownership Of Wholly Owned Subsidiary
EquityOwnershipOfWhollyOwnedSubsidiary
1.00
CY2015Q3 gevo Shares Underlying Outstanding Warrants
SharesUnderlyingOutstandingWarrants
3829714
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3144960
CY2015Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
3287000
CY2014Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2639000
CY2015Q3 gevo Accrued Legal Related Expenses
AccruedLegalRelatedExpenses
1201000
CY2014Q4 gevo Accrued Legal Related Expenses
AccruedLegalRelatedExpenses
2944000
CY2015Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
587000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
801000
CY2015Q3 us-gaap Interest Payable Current
InterestPayableCurrent
467000
CY2014Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1009000
CY2015Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1269000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1195000
CY2014Q2 gevo Percentage Of Aggregate Principal Amount Outstanding
PercentageOfAggregatePrincipalAmountOutstanding
0.10
CY2015Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
561000
gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
9993000
CY2015Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1616000
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1610000
us-gaap Intercompany Loans Description
IntercompanyLoansDescription
However, as of September 30, 2015, under the terms of the Amended Agri-Energy Loan Agreement with TriplePoint, as amended, subject to certain limited exceptions, Agri-Energy is only permitted to pay dividends if all principal balances due to TriplePoint have been paid.
CY2015Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1255000
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
859000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1953000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2362000
CY2015Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
0
CY2015Q3 gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
2121000
CY2014Q3 gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
2598000
gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
6186000
CY2015Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2011Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
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CY2015Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.11

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gevo-10q_20150930.htm Edgar Link pending
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