Information on Business Segments

3 Months Ended

Mar. 31, 2014

Information on Business Segments

14. Information on Business Segments

The Company’s chief operating decision maker is provided with and reviews the financial results of each of the Company’s consolidated legal entities, Gevo, Gevo Development, and Agri-Energy. The Company organizes its business segments based on the nature of the products and services offered through each of the Company’s consolidated legal entities. All revenue is earned, and all assets are held, in the U.S.

The financial results of Gevo Development and Agri-Energy have been aggregated in the following table as this segment has historically been responsible for the production of ethanol and related products and will be responsible for the production of isobutanol and related products.

	Three Months Ended March 31,
	2014			2013
Revenues:
Gevo	$	886		$	1,124
Gevo Development / Agri-Energy		17			2,419
Consolidated	$	903		$	3,543
Operating income (loss):
Gevo	$	(7,854	)	$	(10,413	)
Gevo Development / Agri-Energy		(5,068	)		(2,473	)
Consolidated	$	(12,922	)	$	(12,886	)
Interest expense:
Gevo	$	1,124		$	2,257
Gevo Development / Agri-Energy		477			1,019
Consolidated	$	1,601		$	3,276
Depreciation expense:
Gevo	$	241		$	316
Gevo Development / Agri-Energy		585			533
Consolidated	$	826		$	849
Acquisitions of plant, property and equipment:
Gevo	$	32		$	248
Gevo Development / Agri-Energy		2,837			1,749
Consolidated	$	2,869		$	1,997
	March 31,			December 31,
	2014			2013
Total assets:
Gevo	$	88,075		$	100,888
Gevo Development / Agri-Energy		59,233			65,281
Intercompany eliminations		(47,053	)		(49,814	)
Consolidated	$	100,255		$	116,355