Gevo Inc. (GEVO) Financial Statements (2024 and earlier)

Company Profile

Business Address 345 INVERNESS DRIVE SOUTH, BUILDING C
ENGLEWOOD, CO 80112
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 286 - Industrial Organic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments404,533316,17378,33816,30233,73411,553
Cash and cash equivalents237,12540,83378,33816,30233,73411,553
Short-term investments 167,408275,340    
Restricted cash and investments1,03225,032    
Receivables9909785271,1355261,054
Inventory, net of allowances, customer advances and progress billings6,3472,7512,2563,2013,1664,362
Inventory6,3472,7512,2563,2013,1664,362
Prepaid expense1,423     
Other undisclosed current assets1,0976,8572,1493,5901,284712
Total current assets:415,422351,79183,27024,22838,71017,681
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization21927,297  
Operating lease, right-of-use asset1,3312,414  
Property, plant and equipment176,872139,14166,40866,69667,03670,369
Long-term investments and receivables  64,3961,5001,500  
Long-term investments  64,3961,5001,500  
Intangible assets, net (including goodwill)7,6918,938    
Intangible assets, net (excluding goodwill)7,6918,938    
Deposits noncurrent assets276     
Restricted cash and investments 77,21970,168    
Other undisclosed noncurrent assets21,7182,3319219351,289803
Total noncurrent assets:285,326314,68568,82969,13168,32571,172
TOTAL ASSETS:700,748666,476152,09993,359107,03588,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:24,76028,2884,1235,6784,8744,011
Interest and dividends payable    434
Taxes payable   101172
Employee-related liabilities4,6781,960 1,648700
Accounts payable5,0094,8688971,4741,944666
Accrued liabilities12,5942,7321,2662,258926882
Other undisclosed accounts payable and accrued liabilities7,15716,010 1,9462551,157
Debt2383,57180914,416  
Other undisclosed current liabilities438772  4167,175
Total current liabilities:25,43632,6314,93220,0945,29011,186
Noncurrent Liabilities
Long-term debt and lease obligation67,56586,503457233  
Long-term debt, excluding current maturities67,38266,804457233  
Finance lease, liability18317,797  
Liabilities, other than long-term debt2,27087331528404130
Other liabilities 82087331528404130
Operating lease, liability1,4501,902  
Other undisclosed noncurrent liabilities     12,55414,006
Total noncurrent liabilities:69,83586,59078876112,95814,136
Total liabilities:95,271119,2215,72020,85518,24825,322
Equity
Equity, attributable to parent, including:605,477547,255146,37972,50488,78763,531
Common stock  2,0201,28214186218
Additional paid in capital1,259,5271,103,224643,269530,349518,027464,663
Accumulated other comprehensive loss (1,040)(614)    
Accumulated deficit(655,382)(557,375)(498,172)(457,986)(429,326)(401,350)
Other undisclosed equity, attributable to parent2,372     
Total equity:605,477547,255146,37972,50488,78763,531
TOTAL LIABILITIES AND EQUITY:700,748666,476152,09993,359107,03588,853

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,1757115,53624,48732,86327,536
Operating lease, lease income  200100 
Net investment income      
Cost of revenue(23,358)(12,165)(15,003)(36,733)(41,568)(38,165)
Cost of goods and services sold(8,698)(12,165)(15,003)(36,733)(41,568)(38,165)
Gross profit:(22,183)(11,454)(9,467)(12,246)(8,705)(10,629)
Operating expenses(80,503)(48,636)(16,868)(14,105)(13,496)(12,653)
Other undisclosed operating loss      
Operating loss:(102,686)(60,090)(26,335)(26,351)(22,201)(23,282)
Nonoperating income (expense)4,679887(13,851)(2,309)(5,775)(1,348)
Investment income, nonoperating3,043571    
Other nonoperating income (expense)2,803(74)(479)15323
Interest and debt expense(1,167)641(5)(2,732)(2,202)(4,933)
Loss from continuing operations:(99,174)(58,562)(40,191)(31,392)(30,178)(29,563)
Loss before gain (loss) on sale of properties:(58,562)(40,191)(31,392)(30,178)(29,563)
Net loss:(99,174)(58,562)(40,191)(31,392)(30,178)(29,563)
Other undisclosed net income (loss) attributable to parent1,167(641)52,7322,2024,933
Net loss available to common stockholders, diluted:(98,007)(59,203)(40,186)(28,660)(27,976)(24,630)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(99,174)(58,562)(40,191)(31,392)(30,178)(29,563)
Comprehensive loss:(99,174)(58,562)(40,191)(31,392)(30,178)(29,563)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent741(1,255)    
Comprehensive loss, net of tax, attributable to parent:(98,433)(59,817)(40,191)(31,392)(30,178)(29,563)

Statements Sources

The financial statements are based on the Company's filings with 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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