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Information on Business Segments (Tables)
 6 Months Ended
Jun. 30, 2014
Summary of Segment Information

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