Gevo, inc. (GEVO)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Operating Activities
Net loss

-6,815

-8,619

-7,090

-6,136

-7,102

-6,880

-11,492

-2,502

-4,386

-4,153

-10,157

-5,934

-2,289

-9,849

-21,485

-3,605

-7,962

-6,519

-14,370

-7,343

-11,079

-938

-17,156

-11,972

Adjustments to reconcile net loss to net cash used in operating activities:
(Gain) loss from the change in fair value of derivative warrant liability

13

-2

2

1

59

5

-3,517

477

-4

-414

2,293

3,226

5,954

1,154

-10,573

5,248

-

-

-

-

-

-

-

-

(Gain) from the change in fair value of derivative warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,719

-7,247

167

-242

4,173

1,321

1,278

(Gain) from the change in fair value of the embedded derivative to the 2020 Notes

0

0

148

246

297

-7

-511

2,858

1,229

2,184

-1,662

0

-

-

-

-

-

-

-

-

0

726

1,480

1,264

Loss from the change in fair value of 2017 Notes

-

-

-

-

-

-

-

-

0

0

0

-339

-575

-1,854

-939

-836

313

157

-340

3,765

-

-

-

-

Loss on exchange or conversion of debt

-

-

-

-

0

0

-2,181

-21

0

0

-3,969

-964

-

-

-

-

-53

0

0

285

-

-

-

-

Loss on extinguishment of warrant liability

-

-

-

-

-

-

-

-

-

-

-

33

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

411

568

136

234

363

83

139

98

98

98

97

128

74

270

184

358

694

1,255

296

402

498

859

638

865

Depreciation and amortization

1,807

1,628

1,609

1,612

1,617

1,618

1,639

1,646

1,647

1,653

1,665

1,676

1,709

1,756

1,661

1,621

1,676

1,616

1,619

1,662

1,666

1,610

778

826

Non-cash interest expense

257

257

422

410

399

423

482

402

383

383

116

80

638

1,209

1,073

1,057

1,032

973

922

845

1,486

1,009

4,588

777

Other non-cash expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

757

212

-959

599

-111

-806

155

234

-189

-121

160

82

43

-595

806

-523

257

-1,185

172

-214

318

-1,042

1,421

306

Inventories

239

-367

142

21

-135

-545

-509

-7

31

35

118

720

255

318

-102

-500

784

-200

-1,596

207

265

-215

519

142

Prepaid expenses and other current assets, deposits and other assets

1,801

-590

770

-157

335

-121

494

-78

-115

-136

103

11

6

-40

-125

278

113

46

18

-178

-129

-74

-193

-35

Deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

31

Accounts payable, accrued expenses and long-term liabilities

1,039

293

1,080

-1,118

-529

933

-298

-531

-976

510

-48

-1,228

1,398

-158

-669

-1,268

-752

85

-1,056

-1,048

1,295

-716

-1,663

-496

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,840

-5,861

-5,504

-7,148

-6,127

-5,396

-9,489

-6,384

-7,386

-12,234

-12,986

Net cash used in operating activities

-6,041

-5,145

-3,945

-5,708

-5,697

-2,349

-3,455

-4,350

-4,186

-3,057

-5,337

-8,047

-

-

-

-

-

-

-

-

-

-

-

-

Investing Activities
Acquisitions of property, plant and equipment

210

1,223

2,352

2,204

1,300

836

30

67

224

367

642

673

418

673

2,600

2,247

1,193

96

49

126

341

716

968

2,869

Net cash used in investing activities

-197

-2,704

-2,352

-2,204

-1,300

-836

-30

-67

-224

-367

-642

-673

-

-

-

-

-

-

-

-

-

-

-

-

Financing Activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-673

-2,600

-2,247

-1,193

-96

95

-126

-341

-716

-3,579

-2,869

Payments on secured debt

-

-

-

-

-

-

-

-

0

175

0

9,616

0

420

0

84

82

105

80

51

104

98

9,372

250

Debt and equity offering costs

-

-

-

-

-

-

-

-

24

140

726

205

-151

1,298

1,408

589

734

0

1,620

1,165

822

1,699

3,252

100

Proceeds from issuance of common stock upon exercise of stock options and employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

17

2

Proceeds from issuance of common stock and common stock warrants

1,942

0

3

9,644

2,442

14,537

22,522

-107

0

0

0

11,044

-

-

-

-

9,970

0

17,200

6,650

-

-

-

-

Proceeds from the exercise of warrants

-

-

-

-

-

-

-

-

1,223

2,200

4

2

1,403

39

10,791

65

15

0

7,976

2,175

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

13,959

22,406

-608

9,169

-102

23,476

7,609

-926

16,204

13,299

-348

Net cash provided by financing activities

1,596

-362

-14

9,644

2,415

14,471

23,486

-107

1,199

1,885

-722

1,225

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-4,642

-8,211

-6,311

1,732

-4,582

11,286

20,001

-4,524

-3,211

-1,539

-6,701

-7,495

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

684

411

416

434

-

26

500

1,616

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

592

937

662

1,503

1,193

1,152

1,147

1,150

516

1,684

1,815

198

Non-cash purchase of property, plant and equipment

327

-465

-810

1,316

479

424

15

1

-123

-39

-272

461

-

-

-

2,049

-

-

-

-

9

-301

271

129

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

8,446

13,945

-8,359

828

-6,325

18,175

-2,006

-7,651

8,102

-2,514

-16,203

Conversion and exchanges of convertible debt for common stock

-

-

-

-

0

0

3,186

515

-1

0

476

8,177

-

-

-

-

-

-

-

-

-

-

-

-

Accrued debt and equity issuance costs

-

-

-

-

-

-

-

-

-

-97

53

73

-

-

-

-

-

-

-

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

-

-

-

-

-

-

-

130

Conversion of convertible debt to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,000

-

-

-

-

Fair value of warrants at issuance and upon exercise, net

-

-

-

-

-

-

-

-

-8,899

-667

-290

5,503

-

-

-

-

-

-

-

-

-

-

-

-