Information on Business Segments

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Revenues:
Gevo	$	2,216		$	949		$	3,102		$	2,073
Gevo Development / Agri-Energy		5,505			910			5,522			3,329
Consolidated	$	7,721		$	1,859		$	8,624		$	5,402
Operating income (loss):
Gevo	$	(5,979	)	$	(10,904	)	$	(13,833	)	$	(21,317	)
Gevo Development / Agri-Energy		(3,053	)		(2,960	)		(8,121	)		(5,433	)
Consolidated	$	(9,032	)	$	(13,864	)	$	(21,954	)	$	(26,750	)
Interest expense:
Gevo	$	4,789		$	1,455		$	5,913		$	3,712
Gevo Development / Agri-Energy		1,005			857			1,482			1,876
Consolidated	$	5,794		$	2,312		$	7,395		$	5,588
Depreciation expense:
Gevo	$	239		$	311		$	480		$	627
Gevo Development / Agri-Energy		539			534			1,124			1,067
Consolidated	$	778		$	845		$	1,604		$	1,694
Acquisitions of plant, property and equipment:
Gevo	$	17		$	14		$	49		$	262
Gevo Development / Agri-Energy		951			747			3,788			2,496
Consolidated	$	968		$	761		$	3,837		$	2,758
	June 30,			December 31,
	2014			2013
Total assets:
Gevo	$	98,266		$	100,888
Gevo Development / Agri-Energy		57,464			65,281
Intercompany eliminations		(53,758	)		(49,814	)
Consolidated	$	101,972		$	116,355