Gevo, Inc. (GEVO) Financial Statements (2023 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)
| 3/31/2023 MRQ | 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 investments | 404,533 | 316,173 | 78,338 | 16,302 | 33,734 | 11,553 | |||
| Cash and cash equivalents | 237,125 | 40,833 | 78,338 | 16,302 | 33,734 | 11,553 | |||
| Short-term investments | 167,408 | 275,340 | |||||||
| Restricted cash and investments | 1,032 | 25,032 | |||||||
| Receivables | 990 | 978 | 527 | 1,135 | 526 | 1,054 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,347 | 2,751 | 2,256 | 3,201 | 3,166 | 4,362 | |||
| Inventory | 6,347 | 2,751 | 2,256 | 3,201 | 3,166 | 4,362 | |||
| Prepaid expense | 1,423 | ||||||||
| Other undisclosed current assets | 1,097 | 6,857 | 2,149 | 3,590 | 1,284 | 712 | |||
| Total current assets: | 415,422 | 351,791 | 83,270 | 24,228 | 38,710 | 17,681 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 219 | 27,297 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 1,331 | 2,414 | ✕ | ✕ | |||||
| Property, plant and equipment | 176,872 | 139,141 | 66,408 | 66,696 | 67,036 | 70,369 | |||
| Long-term investments and receivables | 64,396 | 1,500 | 1,500 | ||||||
| Long-term investments | 64,396 | 1,500 | 1,500 | ||||||
| Intangible assets, net (including goodwill) | 7,691 | 8,938 | |||||||
| Intangible assets, net (excluding goodwill) | 7,691 | 8,938 | |||||||
| Deposits noncurrent assets | 276 | ||||||||
| Restricted cash and investments | 77,219 | 70,168 | |||||||
| Other undisclosed noncurrent assets | 21,718 | 2,331 | 921 | 935 | 1,289 | 803 | |||
| Total noncurrent assets: | 285,326 | 314,685 | 68,829 | 69,131 | 68,325 | 71,172 | |||
| TOTAL ASSETS: | 700,748 | 666,476 | 152,099 | 93,359 | 107,035 | 88,853 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 24,760 | 28,288 | 4,123 | 5,678 | 4,874 | 4,011 | |||
| Interest and dividends payable | ✕ | ✕ | 434 | ||||||
| Taxes payable | ✕ | ✕ | 101 | 172 | |||||
| Employee-related liabilities | ✕ | ✕ | 4,678 | 1,960 | 1,648 | 700 | |||
| Accounts payable | 5,009 | 4,868 | 897 | 1,474 | 1,944 | 666 | |||
| Accrued liabilities | 12,594 | 2,732 | 1,266 | 2,258 | 926 | 882 | |||
| Other undisclosed accounts payable and accrued liabilities | 7,157 | 16,010 | 1,946 | 255 | 1,157 | ||||
| Debt | 238 | 3,571 | 809 | 14,416 | |||||
| Other undisclosed current liabilities | 438 | 772 | 416 | 7,175 | |||||
| Total current liabilities: | 25,436 | 32,631 | 4,932 | 20,094 | 5,290 | 11,186 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 67,565 | 86,503 | 457 | 233 | |||||
| Long-term debt, excluding current maturities | 67,382 | 66,804 | 457 | 233 | |||||
| Finance lease, liability | 183 | 17,797 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 2,270 | 87 | 331 | 528 | 404 | 130 | |||
| Other liabilities | 820 | 87 | 331 | 528 | 404 | 130 | |||
| Operating lease, liability | 1,450 | 1,902 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | 12,554 | 14,006 | |||||||
| Total noncurrent liabilities: | 69,835 | 86,590 | 788 | 761 | 12,958 | 14,136 | |||
| Total liabilities: | 95,271 | 119,221 | 5,720 | 20,855 | 18,248 | 25,322 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 605,477 | 547,255 | 146,379 | 72,504 | 88,787 | 63,531 | |||
| Common stock | 2,020 | 1,282 | 141 | 86 | 218 | ||||
| Additional paid in capital | 1,259,527 | 1,103,224 | 643,269 | 530,349 | 518,027 | 464,663 | |||
| 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 parent | 2,372 | ||||||||
| Total equity: | 605,477 | 547,255 | 146,379 | 72,504 | 88,787 | 63,531 | |||
| TOTAL LIABILITIES AND EQUITY: | 700,748 | 666,476 | 152,099 | 93,359 | 107,035 | 88,853 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,175 | 711 | 5,536 | 24,487 | 32,863 | 27,536 | ||
| Operating lease, lease income | 200 | 100 | ✕ | ✕ | ||||
| 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) | ||
| Operating loss: | (102,686) | (60,090) | (26,335) | (26,351) | (22,201) | (23,282) | ||
| Nonoperating income (expense) | 4,679 | 887 | (13,851) | (2,309) | (5,775) | (1,348) | ||
| Investment income, nonoperating | 3,043 | 571 | ||||||
| Other nonoperating income (expense) | 2,803 | (74) | (479) | 15 | 3 | 23 | ||
| 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 parent | 1,167 | (641) | 5 | 2,732 | 2,202 | 4,933 | ||
| Net loss available to common stockholders, diluted: | (98,007) | (59,203) | (40,186) | (28,660) | (27,976) | (24,630) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 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 parent | 741 | (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.