Gevo, Inc. (GEVO)
Gevo, Inc. is a company focused on the development and commercialization of renewable fuels. Its operations are organized into four distinct segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company's primary objective is to offer sustainable alternatives for gasoline, jet fuel, and diesel, striving to achieve zero carbon emissions and substantially lower overall greenhouse gas footprints. Their diverse product offerings include renewable versions of gasoline and diesel, sustainable aviation fuel (SAF), and renewable natural gas. Additionally, they produce specialty chemicals like isooctane, isobutanol, isobutylene, and ethanol, along with animal feed and protein. Gevo, Inc. has formed a strategic partnership with Axens North America, Inc. to advance ethanol-to-jet technology and further the commercial development of sustainable aviation fuel projects. Originally founded in 2005 as Methanotech, Inc., the company changed its name to Gevo, Inc. in March 2006. Its corporate headquarters are located in Englewood, Colorado.
Sector: Industrial Organic Chemicals
Industry: Chemicals - Specialty
Gevo, Inc.
NASDAQ:GEVOBasic Materials · Chemicals - Specialty
+13.93%$1.39
CLOSED · Nov 6Prev close$1.22+13.93%Close$1.39-0.83%AH close$1.38
AH$1.38-0.83%vs close
Mkt Cap$343.82M
Float–
O/S247.35M
VOL2.95M sh
$ Vol$3.97M
RVOL0.99×
Inst Own36.6%
EarningsNov 9 · Today
Dilution
Financials Summary
Revenue$160.58M
Net Income-$33.84M
Total Assets$718.93M
Free Cash Flow-$43.51M
Debt & Equity
Debt 26%
Equity 74%
Total Debt$167.52M
Total Equity$466.34M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
- 1:20Reverse splitJun 4, 201820 shares → 1
- 1:20Reverse splitJan 6, 201720 shares → 1
- 1:15Reverse splitApr 21, 201515 shares → 1
Balance Sheet Details
Assets$718.93M
Liabilities$247.76M
Accounts Receivable$9.38M
Accounts Payable$1.08M
Inventory-$4.06M
PP&E (Net)-$30.11M
Goodwill$43.56M
Intangible Assets$95M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Revenue | $160.58M | $16.91M | $17.2M | $1.18M | $533K | $5.54M | $24.45M | $32.86M | $27.31M | $26.54M | $28.82M | $28.27M | $8.22M | $24.39M | $64.55M | $16.4M | $660K | $208K | $275K |
| YoY Growth | 849.3% | -1.7% | 1363.8% | 120.5% | -90.4% | -77.4% | -25.6% | 20.3% | 2.9% | -7.9% | 2.0% | 243.7% | -66.3% | -62.2% | 293.7% | 2384.2% | 217.3% | -24.4% | - |
| Cost of Revenue | $112.04M | $12M | $11.99M | $8.7M | $7.69M | $15M | $36.73M | $41.57M | $38.16M | $37.02M | $38.76M | $35.58M | $17.91M | $32.41M | $60.59M | $13.45M | $1.51M | $678K | $240K |
| Gross Profit | $48.54M | $4.91M | $5.21M | -$7.52M | -$7.15M | -$9.47M | -$12.28M | -$8.71M | -$10.86M | -$10.47M | -$9.94M | -$7.32M | -$9.69M | -$8.03M | $3.96M | $2.95M | -$851K | -$470K | $35K |
| Gross Margin | 30.2% | 29.0% | 30.3% | -640.3% | -1342.2% | -171.0% | -50.2% | -26.5% | -39.8% | -39.5% | -34.5% | -25.9% | -117.8% | -32.9% | 6.1% | 18.0% | -128.9% | -226.0% | 12.7% |
| Research and Development | $4.55M | $23.74M | $6.64M | $17.49M | $17.36M | $3.51M | $4.02M | $5.37M | $5.18M | $5.22M | $6.61M | $14.12M | $20.18M | $19.43M | $19.75M | $14.82M | $10.51M | $7.38M | $3.7M |
| Selling, General, and Administrative | $51.2M | $45.8M | $42.63M | $39.94M | $25.49M | $11.19M | $10.09M | $8.12M | $7.47M | $8.96M | $16.69M | $18.34M | $25.65M | $43.98M | $28.89M | $23.64M | $7.19M | $5.39M | $2.6M |
| Other | $11.65M | $26.2M | $37.78M | $37.73M | $10.27M | $2.79M | -$34K | $0 | -$228K | -$671K | -$1.32M | $0 | $0 | $0 | $0 | $0 | $1.53M | $0 | $654K |
| Total Operating Expenses | $67.41M | $95.74M | $87.04M | $95.16M | $53.11M | $17.49M | $14.07M | $13.5M | $12.43M | $13.51M | $21.98M | $32.46M | $45.83M | $63.41M | $48.64M | $38.46M | $19.23M | $12.76M | $6.95M |
| Operating Income (EBIT) | -$18.86M | -$90.82M | -$81.83M | -$102.69M | -$60.27M | -$26.96M | -$26.35M | -$22.2M | -$23.28M | -$23.98M | -$31.93M | -$39.78M | -$55.52M | -$71.44M | -$44.69M | -$35.51M | -$18.57M | -$13.23M | -$6.92M |
| Operating Margin | -11.7% | -536.9% | -475.8% | -8739.2% | -11307.3% | -487.0% | -107.8% | -67.6% | -85.3% | -90.4% | -110.8% | -140.7% | -675.0% | -293.0% | -69.2% | -216.6% | -2813.5% | -6362.0% | -2516.0% |
| Interest Expense | $17.56M | $3.88M | $2.16M | $1.17M | $251K | $2.09M | $2.74M | $3.24M | $2.95M | $7.84M | $8.24M | $12.02M | $9.3M | $6.34M | $3.58M | $2.37M | $1.1M | $1.39M | $140K |
| Interest Income | $7.81M | $15.74M | $19.09M | $3.48M | $571K | $102K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $85K | $108K | $277K | $154K | $76K |
| Other Income (Expense) | -$13.76M | $12.18M | $15.62M | $4.68M | $1.06M | -$13.22M | -$2.31M | -$5.78M | -$1.35M | -$13.24M | -$4.27M | -$1.37M | -$11.29M | $10.72M | -$3.52M | -$4.6M | -$1.32M | -$1.31M | -$307K |
| Income Before Tax (EBT) | -$32.63M | -$78.64M | -$66.22M | -$98.01M | -$59.2M | -$40.19M | -$28.66M | -$27.98M | -$24.63M | -$37.23M | -$36.19M | -$41.15M | -$66.81M | -$60.71M | -$48.21M | -$40.11M | -$19.89M | -$14.54M | -$7.23M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $76K |
| Net Income | -$33.84M | -$78.64M | -$66.22M | -$98.01M | -$59.2M | -$40.19M | -$28.66M | -$27.98M | -$24.63M | -$37.23M | -$36.19M | -$41.15M | -$66.81M | -$60.71M | -$48.21M | -$40.11M | -$19.89M | -$14.54M | -$7.23M |
| Net Income Margin | -21.1% | -464.9% | -385.0% | -8341.0% | -11107.5% | -725.9% | -117.2% | -85.1% | -90.2% | -140.3% | -125.6% | -145.6% | -812.3% | -249.0% | -74.7% | -244.6% | -3012.9% | -6991.3% | -2627.6% |
| Supplementary Data | |||||||||||||||||||
| EPS | -0.14 | -0.34 | -0.28 | -0.44 | -0.30 | -0.71 | -2.58 | -5.74 | -30.23 | -193.52 | -1032.29 | -3067.09 | -8894.42 | -11168.51 | -12628.08 | -9769.12 | -7469.95 | -7292.88 | -3623.87 |
| Diluted EPS | -0.14 | -0.34 | -0.28 | -0.44 | -0.30 | -0.71 | -2.58 | -5.74 | -30.23 | -193.52 | -1032.29 | -3067.09 | -8894.42 | -11168.51 | -12628.08 | -9769.12 | -7469.95 | -7292.88 | -3623.87 |
| Weighted Average OS | 234.01M | 231.67M | 238.69M | 221.54M | 195.79M | 56.88M | 12.18M | 4.88M | 814,796 | 192,371 | 35,062 | 13,415 | 7,511 | 5,436 | 3,818 | 4,106 | 2,662 | 1,994 | 1,994 |
| EBITDA | $10.25M | -$56.46M | -$45.05M | -$88.95M | -$53.82M | -$32.19M | -$19.27M | -$18.22M | -$15.04M | -$22.64M | -$21.38M | -$24.24M | -$54.31M | -$51.06M | -$40.04M | -$34.55M | -$17.06M | -$12.48M | -$6.85M |
| EBITDA Margin | 6.4% | -333.8% | -261.9% | -7570.5% | -10098.3% | -581.4% | -78.8% | -55.4% | -55.1% | -85.3% | -74.2% | -85.8% | -660.4% | -209.4% | -62.0% | -210.7% | -2584.5% | -5999.5% | -2489.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Assets | ||||||||||||||||||
| Current Assets | ||||||||||||||||||
| Cash and Cash Equivalents | $1.09M | $189.39M | $298.35M | $237.13M | $40.83M | $78.34M | $16.3M | $33.73M | $11.55M | $27.89M | $17.03M | $6.36M | $24.63M | $66.74M | $94.22M | $15.27M | $21.24M | $9.63M |
| Short-Term Investments | $0 | $0 | $0 | $167.41M | $275.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.09M | $189.39M | $298.35M | $404.53M | $316.17M | $78.34M | $16.3M | $33.73M | $11.55M | $27.89M | $17.03M | $6.36M | $24.63M | $66.74M | $94.22M | $15.27M | $21.24M | $9.63M |
| Accounts Receivable | $9.38M | $3.14M | $3.95M | $476K | $2.51M | $527K | $1.14M | $526K | $1.05M | $1.12M | $1.39M | $2.36M | $1.36M | $698K | $2.94M | $2.83M | $99K | $35K |
| Inventory | -$4.06M | $4.5M | $3.81M | $6.35M | $2.75M | $2.49M | $3.2M | $3.17M | $4.36M | $3.46M | $3.49M | $4.29M | $3.58M | $6.66M | $3.81M | $3.77M | $0 | $0 |
| Other Current Assets | $133.63M | $4.06M | $78.61M | $2.06M | $25.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $271K | $0 | $985K | $0 | $40K |
| Total Current Assets | $143.4M | $203.71M | $386.38M | $415.42M | $348.54M | $83.27M | $24.23M | $38.71M | $17.68M | $33.32M | $22.64M | $13.74M | $30.73M | $75.88M | $102.73M | $23.89M | $21.54M | $9.71M |
| Long-Term Assets | ||||||||||||||||||
| Property, Plant & Equipment Net | -$30.11M | $224.58M | $213.1M | $178.42M | $140.39M | $66.72M | $66.7M | $67.04M | $70.37M | $75.59M | $76.78M | $81.24M | $83.47M | $77.09M | $28.78M | $23.46M | $4.63M | $3.13M |
| Goodwill | $43.56M | $3.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $95M | $8.13M | $6.52M | $7.69M | $8.94M | $114K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $63.63M | $115.89M | $33.6M | $77.22M | $64.4M | $0 | $1.5M | $0 | $0 | $3M | $3M | $3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $403.45M | $27.89M | $10.72M | $21.99M | $83.11M | $2M | $935K | $1.29M | $803K | $414K | $711K | $944K | $2.15M | $3.14M | $1.52M | $4.25M | $209K | $252K |
| Total Long-Term Assets | $575.52M | $380.23M | $263.94M | $285.33M | $296.84M | $68.83M | $69.13M | $68.33M | $71.17M | $79.01M | $80.49M | $85.18M | $85.63M | $80.23M | $30.3M | $27.71M | $4.84M | $3.38M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $718.93M | $583.94M | $650.32M | $700.75M | $645.38M | $152.1M | $93.36M | $107.03M | $88.85M | $112.32M | $103.13M | $98.93M | $116.36M | $156.11M | $133.03M | $51.61M | $26.38M | $13.09M |
| Liabilities | ||||||||||||||||||
| Current Liabilities | ||||||||||||||||||
| Accounts Payable | $1.08M | $539K | $2.72M | $5.01M | $4.83M | $897K | $1.47M | $1.94M | $666K | $2.61M | $2.69M | $2.64M | $6.46M | $1.31M | $6.19M | $4.82M | $591K | $388K |
| Short-Term Debt | $0 | $21K | $68.1M | $159K | $158K | $807K | $14.42M | $394K | $5.22M | $25.77M | $330K | $288K | $788K | $8.51M | $3.49M | $1.78M | $0 | $1.77M |
| Current Income Tax Payable | $0 | $0 | $2K | $2.05M | $0 | $0 | $0 | $101K | $172K | $136K | $138K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $436K | $0 | $0 | $0 | $1M | $1M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $11.51M | $0 | $0 | $0 | $0 | $1.96M | $1.95M | $0 | $2.65M | $4.08M | $12.57M | $3.95M | $8.06M | $1.12M | $1.13M | $2.44M | $982K | $689K |
| Total Current Liabilities | $78.58M | $24.36M | $91.43M | $25.44M | $29.09M | $4.93M | $20.09M | $5.29M | $11.19M | $34.66M | $18.3M | $12.03M | $21.06M | $16.77M | $16.12M | $12.13M | $3.5M | $3.41M |
| Long-Term Liabilities | ||||||||||||||||||
| Long-Term Debt | $164.75M | $67.11M | $21K | $67.38M | $66.8M | $447K | $233K | $12.55M | $14.01M | $8.22M | $36.06M | $39.62M | $23.84M | $41M | $24.75M | $18.65M | $7.7M | $6.41M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.62M | $1.83M | $0 | $820K | $87K | $179K | $528K | $404K | $130K | $179K | $147K | $315K | $479K | $512K | $24K | $876K | $96K | $114K |
| Total Long-Term Liabilities | $169.18M | $70.09M | $1.51M | $69.83M | $69.03M | $788K | $761K | $12.96M | $14.14M | $8.4M | $36.21M | $39.94M | $24.32M | $41.51M | $24.78M | $19.52M | $7.8M | $6.52M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $247.76M | $94.45M | $92.93M | $95.27M | $98.13M | $5.72M | $20.86M | $18.25M | $25.32M | $43.06M | $54.51M | $51.96M | $45.38M | $58.28M | $40.89M | $31.65M | $11.3M | $9.94M |
| Stockholders' Equity | ||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $146K | $126K | $80K |
| Common Stock | $2.42M | $2.39M | $2.4M | $2.37M | $2.02M | $1.28M | $141K | $86K | $218K | $71K | $216K | $996K | $685K | $396K | $264K | $12K | $12K | $12K |
| Retained Earnings | -$834.15M | -$800.24M | -$721.6M | -$655.38M | -$557.38M | -$498.17M | -$457.99M | -$429.33M | -$401.35M | -$376.72M | -$339.49M | -$303.3M | -$262.15M | -$195.35M | -$134.63M | -$85.33M | -$42.44M | -$23.14M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$1.04M | -$614K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.3B | $1.29B | $1.28B | $1.26B | $1.1B | $643.27M | $530.35M | $518.03M | $464.66M | $445.91M | $387.6M | $349.27M | $332.44M | $292.78M | $226.51M | $105.27M | $57.51M | $26.28M |
| Total Equity | $466.34M | $489.49M | $557.39M | $605.48M | $547.25M | $146.38M | $72.5M | $88.79M | $63.53M | $69.26M | $48.33M | $46.96M | $70.97M | $97.83M | $92.14M | $19.96M | $15.08M | $3.16M |
| Minority Interest | $5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $714.1M | $583.94M | $650.32M | $700.75M | $645.38M | $152.1M | $93.36M | $107.03M | $88.85M | $112.32M | $102.83M | $98.93M | $116.36M | $156.11M | $133.03M | $51.61M | $26.38M | $13.09M |
| Supplementary Data | ||||||||||||||||||
| Total Debt | $167.52M | $70.62M | $70.18M | $69.69M | $69.89M | $1.6M | $14.65M | $12.95M | $14.01M | $33.99M | $36.69M | $39.91M | $24.63M | $49.51M | $28.24M | $20.43M | $7.7M | $8.18M |
| Net Debt | $166.44M | -$118.77M | -$228.17M | -$167.43M | $29.06M | -$76.74M | -$1.65M | -$20.79M | $2.45M | $6.1M | $19.66M | $33.55M | $3K | -$17.23M | -$65.98M | $5.16M | -$13.54M | -$1.46M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Operating Activities | |||||||||||||||||||
| Net Income | -$32.63M | -$78.64M | -$66.22M | -$98.01M | -$59.2M | -$40.19M | -$28.66M | -$27.98M | -$24.63M | -$37.23M | -$36.19M | -$41.15M | -$66.81M | -$60.71M | -$48.21M | -$40.11M | -$19.89M | -$14.54M | -$7.23M |
| Depreciation & Amortization | $25.32M | $18.3M | $19.01M | $7.89M | $5.13M | $5.9M | $6.66M | $6.52M | $6.64M | $6.75M | $6.57M | $4.88M | $3.39M | $3.31M | $4.6M | $3.19M | $1.51M | $678K | $240K |
| Deferred Income Tax | -$52.03M | $0 | $0 | $0 | $0 | $0 | -$404K | $2.54M | -$6.85M | -$865K | -$2.58M | -$17.74M | -$7.22M | -$28.29M | $48.4M | $1.77M | $512K | $78K | $243K |
| Stock-Based Compensation | $9.21M | $14.73M | $17.09M | $17.42M | $9.87M | $2.13M | $1.35M | $571K | $421K | $886K | $2.65M | $2.86M | $3.91M | $7.98M | $6.83M | $10.51M | $945K | $207K | $55K |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | -$1.01M | $417K | -$2.15M | $502K | -$257K | $608K | -$609K | $528K | $68K | $269K | $970K | -$1M | -$660K | $2.24M | -$108K | -$732K | -$99K | $33K | -$33K |
| Inventory | -$4.06M | -$706K | $670K | -$2M | -$259K | $945K | -$35K | $1.2M | -$904K | $29K | $805K | -$711K | $2.15M | -$2.85M | -$49K | -$195K | -$128K | $247K | $0 |
| Accounts Payable | $5.28M | $0 | $0 | $3.63M | -$271K | -$1.49M | $1.29M | -$313K | -$1.74M | -$697K | -$2.77M | -$1.58M | $2.58M | -$3.34M | $2.6M | $3.59M | $806K | $309K | $1.25M |
| Other Working Capital | $34.56M | -$13.98M | -$22.93M | -$2.59M | -$12.9M | $782K | -$1.82M | -$630K | $137K | -$119K | $1K | $431K | $297K | $48K | -$381K | $316K | $4K | $147K | -$458K |
| Total Working Capital Change | $34.76M | -$14.27M | -$24.4M | -$458K | -$13.68M | $848K | -$1.17M | $781K | -$2.44M | -$518K | -$995K | -$2.86M | $4.37M | -$3.9M | $2.07M | $2.98M | $583K | $736K | $755K |
| Other Non-Cash Items | $1.96M | $2.5M | $806K | $28.85M | $9.61M | $11.97M | $1.39M | $1.71M | $6.23M | $10.46M | $2.39M | $15.02M | $15.31M | $13.55M | -$47.29M | $762K | $235K | $1.1M | $64K |
| Net Cash from Operating | -$13.4M | -$57.38M | -$53.72M | -$44.31M | -$48.27M | -$19.34M | -$20.84M | -$15.85M | -$20.63M | -$20.52M | -$28.16M | -$38.99M | -$47.05M | -$68.06M | -$33.61M | -$20.9M | -$16.1M | -$11.74M | -$5.87M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | -$30.11M | -$51.09M | -$54.45M | -$84.08M | -$56.77M | -$5.91M | -$5.99M | -$2.23M | -$1.91M | -$5.94M | -$1.46M | -$4.89M | -$7.8M | -$52.43M | -$8.02M | -$806K | -$2.98M | -$2.36M | -$1.34M |
| Acquisitions | -$191.46M | -$6.07M | $0 | $0 | $0 | $0 | -$1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24.94M | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$130.4M | -$424.99M | $0 | -$1.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $168.55M | $299.58M | $79.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $5.34M | $34K | -$10K | -$9.17M | $0 | $1.53M | $0 | $0 | $0 | $144K | -$2.61M | $125K | -$607K | -$18K | $40K | $40K | $45K | -$218K |
| Net Cash from Investing | -$221.57M | -$51.82M | $114.13M | $85.09M | -$411.36M | -$5.91M | -$7.46M | -$2.23M | -$1.91M | -$5.94M | -$1.32M | -$7.5M | -$7.67M | -$53.04M | -$8.03M | -$25.7M | -$2.94M | -$2.31M | -$1.56M |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | -$93.54M | $1.04M | $189K | $162K | -$68.83M | -$503K | $292K | - | $9.79M | $504K | $318K | -$16.08M | $14.53M | -$36.74M | -$7.8M | -$12.25M | $508K | -$9.88M | -$1.57M |
| Common Stock Issuance | $798K | $0 | $0 | $150M | $489.37M | $76.41M | $11.59M | $39.39M | $11.04M | $28.66M | $33.82M | $18M | $28.76M | $61.88M | $114.7M | $32.02M | $32.5M | $16.96M | $5M |
| Common Stock Repurchases | $0 | -$4.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.35M | -$210K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.45M | -$1.62M | $0 | -$11.28M | -$40.88M | $10.36M | -$433K | $871K | $2.33M | $9.15M | $6.65M | -$5.85M | -$1.89M | -$5M | -$1.91M | -$3.18M | -$1.35M | -$210K | -$82K |
| Net Cash from Financing | $92.88M | -$7.36M | -$189K | $138.56M | $517.32M | $87.28M | $10.86M | $40.27M | $3.59M | $37.31M | $40.15M | $28.23M | $12.6M | $93.62M | $120.59M | $40.63M | $30.65M | $23.63M | $6.49M |
| Forex Effect | $61.15M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$80.94M | -$116.56M | $60.22M | $179.34M | $57.7M | $62.04M | -$17.43M | $22.18M | -$16.34M | $10.86M | $10.67M | -$18.27M | -$42.12M | -$27.48M | $78.95M | -$5.97M | $11.61M | $9.57M | -$942K |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | -$13.4M | -$57.38M | -$53.72M | -$44.31M | -$48.27M | -$19.34M | -$20.84M | -$15.85M | -$20.63M | -$20.52M | -$28.16M | -$38.99M | -$47.05M | -$68.06M | -$33.61M | -$20.9M | -$16.1M | -$11.74M | -$5.87M |
| Capital Expenditure | -$30.11M | -$51.09M | -$54.45M | -$84.09M | -$65.94M | -$5.91M | -$5.99M | -$2.23M | -$1.91M | -$5.94M | -$1.46M | -$4.89M | -$7.8M | -$52.43M | -$8.02M | -$806K | -$2.98M | -$2.36M | -$1.34M |
| Free Cash Flow | -$43.51M | -$108.47M | -$108.17M | -$128.4M | -$114.21M | -$25.24M | -$26.83M | -$18.08M | -$22.53M | -$26.45M | -$29.62M | -$43.88M | -$54.85M | -$120.49M | -$41.63M | -$21.7M | -$19.08M | -$14.1M | -$7.21M |
| Cash at Beginning | $190.88M | $375.6M | $315.38M | $136.03M | $78.34M | $16.3M | $33.73M | $11.55M | $27.89M | $17.03M | $6.36M | $24.63M | $66.74M | $94.22M | $15.27M | $21.24M | $9.63M | $63K | $1M |
| Cash at End | $109.93M | $259.03M | $375.6M | $315.38M | $136.03M | $78.34M | $16.3M | $33.73M | $11.55M | $27.89M | $17.03M | $6.36M | $24.63M | $66.74M | $94.22M | $15.27M | $21.24M | $9.63M | $63K |