Eagle bulk shipping inc. (EGLE)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS:
Current assets:
Cash and cash equivalents

69,229

53,583

71,537

38,598

60,715

67,209

80,737

76,881

57,897

56,251

64,323

68,683

145,767

76,516

-

11,874

16,768

-

25,283

27,184

24,404

-

32,497

20,090

19,827

19,682

19,925

19,621

19,270

18,119

18,559

17,148

28,067

25,075

27,273

51,131

129,121

Restricted cash - current

2,917

5,471

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net of a reserve of $2,760,679 and $2,472,345, respectively

18,155

19,982

19,947

17,736

18,975

19,785

16,142

13,072

13,976

17,246

10,158

11,261

8,766

5,089

-

5,563

7,096

-

11,094

11,537

10,898

-

12,219

15,723

13,721

11,197

11,144

12,973

10,755

9,303

13,794

10,250

12,967

13,960

22,482

17,691

14,366

Prepaid expenses

4,019

4,631

3,463

3,978

3,941

4,635

2,268

2,797

3,663

3,010

2,121

3,065

2,591

3,093

-

2,811

2,633

-

1,555

2,883

2,497

-

3,916

4,118

7,818

5,501

3,328

4,120

4,255

3,544

3,261

5,048

3,404

3,969

3,658

2,528

3,459

Short-term investment

-

-

-

-

-

-

0

0

0

4,500

-

-

-

0

-

-

-

-

1,046

2,138

7,941

-

13,375

13,118

11,715

13,817

22,110

33,939

6,267

197

-

-

741

988

-

-

0

Vessel held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

15,360

15,824

14,283

12,994

13,137

16,137

13,276

11,911

13,622

14,113

12,602

12,570

8,727

10,876

-

6,846

5,596

-

6,547

6,297

6,422

-

10,583

8,675

6,735

9,610

12,111

11,815

12,719

12,083

10,813

12,581

11,617

11,083

8,277

8,529

3,190

Vessels held for sale

-

-

0

0

0

8,458

0

10,354

19,670

9,316

16,915

15,210

2,990

8,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,042

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative asset and other current assets

14,753

1,039

2,943

2,435

3,242

2,246

2,693

2,540

1,577

785

1,376

1,217

738

0

-

687

112

-

474

3,004

3,673

-

4,020

4,607

4,495

2,122

-

-

-

549

-

-

-

-

-

-

-

Fair value above contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

561

567

573

579

594

Investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

135

227

-

-

-

-

-

Fair value above contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

553

557

-

-

-

-

-

Fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

388

246

-

-

0

Total current assets

124,436

100,533

112,175

75,743

100,011

118,474

115,118

117,558

110,407

105,222

107,496

112,008

169,582

104,265

-

30,995

32,207

-

46,002

53,046

55,837

-

76,612

70,376

64,313

61,931

72,483

82,470

53,268

43,799

47,118

45,814

57,748

55,890

62,266

80,458

150,732

Noncurrent assets:
Vessels and vessel improvements, at cost, net of accumulated depreciation of $153,029,544 and $124,907,998, respectively

-

-

-

-

-

682,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vessel and vessel improvements, at cost, net of accumulated depreciation

858,807

835,959

732,844

678,421

695,343

-

678,145

686,424

693,895

690,236

697,713

662,179

580,344

567,592

234,860

701,052

719,026

-

794,917

805,048

824,543

76,332

1,584,136

1,602,816

1,621,173

1,639,555

1,658,395

1,677,264

1,695,889

1,714,307

-

-

1,770,755

1,789,381

1,762,282

1,616,579

1,509,798

Advance for vessel purchase

-

-

6,040

0

0

2,040

4,235

0

0

2,201

0

20,863

10,320

1,926

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

17,185

20,410

19,224

22,462

25,433

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vessels and vessel improvements, at cost, net of accumulated depreciation of $295,815,545 and $239,568,767, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,733,192

1,752,078

-

-

-

-

-

Advances for vessel construction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,292

153,070

191,477

Other fixed assets, net of accumulated depreciation

690

740

732

768

655

692

631

580

572

617

664

760

641

632

-

578

592

-

170

187

210

-

449

331

349

361

364

360

401

447

512

519

558

605

642

543

420

Restricted cash - noncurrent

74

74

29,586

26,863

19,283

10,953

10,907

74

74

74

74

74

74

74

-

74

141

-

66

66

66

-

66

66

66

66

66

66

276

276

276

291

276

670

1,921

22,447

19,790

Deferred drydock costs, net

20,772

17,495

13,502

13,591

13,219

12,186

11,859

11,584

9,654

9,749

11,221

9,873

10,551

11,507

-

11,794

11,928

11,146

9,685

9,534

4,735

-

5,463

4,741

4,033

3,826

3,177

2,699

2,392

2,132

2,526

3,067

3,126

3,303

3,319

3,757

4,217

Deferred financing costs - Super Senior Facility

0

166

180

194

285

300

285

285

285

190

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred drydock costs

20,772

17,495

13,502

13,591

13,219

12,186

11,859

11,584

9,654

9,749

11,221

9,873

-

11,507

-

-

-

11,146

-

9,534

4,735

-

5,463

4,741

4,033

3,826

3,177

2,699

2,392

2,132

2,526

3,067

3,126

3,303

3,319

3,757

4,217

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

464

493

522

-

-

-

14,262

16,278

18,840

20,946

23,036

25,095

27,204

28,321

10,631

11,766

12,928

14,077

16,458

Fair value above contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,491

-

-

2,903

3,041

3,182

3,324

3,608

Fair value above contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,628

2,766

-

-

-

-

-

Advance for scrubbers and ballast water systems and other assets

4,500

26,707

56,135

45,712

28,772

18,631

5,311

55

54

57

1,077

1,026

70

381

-

769

117

-

102

424

424

-

3,372

3,530

1,323

1,394

861

844

1,318

594

507

2,292

2,160

2,597

-

-

70

Other assets and accounts receivable, net of allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,160

2,267

-

Total noncurrent assets

902,031

901,553

858,246

788,014

782,993

727,734

711,375

699,004

704,536

703,127

710,751

694,778

602,002

582,116

-

714,268

731,806

-

805,406

815,754

830,502

-

1,593,488

1,611,486

1,641,208

1,661,483

1,681,705

1,702,182

1,723,313

1,745,344

1,766,848

1,789,337

1,790,412

1,811,365

1,810,729

1,816,068

1,745,840

Total assets

1,026,468

1,002,087

970,422

863,758

883,005

846,209

826,493

816,562

814,944

808,349

818,248

806,787

771,585

686,381

-

745,264

764,014

-

851,408

868,801

886,340

-

1,670,101

1,681,863

1,705,522

1,723,414

1,754,189

1,784,652

1,776,581

1,789,144

1,813,966

1,835,151

1,848,160

1,867,256

1,872,995

1,896,527

1,896,572

LIABILITIES & STOCKHOLDERS' EQUITY
Liabilities
Current liabilities:
Accounts payable

10,239

13,483

9,158

6,196

13,694

14,161

8,909

8,123

9,015

7,470

7,233

7,841

6,885

7,135

-

7,896

11,411

-

8,364

9,457

7,803

-

5,644

5,455

4,618

6,422

10,937

8,236

8,142

10,235

9,473

6,629

10,504

10,642

9,398

8,463

6,089

Accrued interest

7,797

5,321

7,662

2,759

6,990

1,735

5,951

1,733

5,912

1,790

40

13

0

28

-

0

327

-

342

385

566

-

89

10,776

152

153

268

996

1,047

2,430

1,953

3,067

2,235

2,815

4,640

4,572

6,651

Other accrued liabilities

17,346

28,996

17,535

20,502

9,109

10,064

8,122

7,602

5,984

11,810

10,162

8,114

7,870

11,545

-

10,788

10,798

-

9,539

10,711

10,280

-

11,508

10,713

7,731

6,211

9,849

10,791

10,868

14,330

15,570

17,652

12,725

11,822

14,560

10,546

5,850

Fair value of derivative instruments - current

3,314

756

766

65

0

929

585

461

152

73

281

-

293

0

-

294

-

-

-

-

-

-

-

-

-

-

-3,864

657

-

-

-

-

-

-

505

436

127

Current portion of operating lease liabilities

13,346

13,255

11,053

12,155

13,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned charter hire revenue

3,232

4,692

3,156

2,430

5,173

6,926

-

-

-

5,678

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value below contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

0

0

820

820

-

820

820

-

1,401

1,526

1,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and fair value below contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,237

-

-

5,587

5,966

6,009

6,432

5,705

Deferred revenue and fair value below contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,969

4,637

-

-

-

-

-

Unearned charter hire revenue

-

-

-

-

-

-

5,974

4,901

6,231

-

7,573

6,415

7,160

6,046

-

3,597

2,144

-

2,223

1,379

1,512

-

2,442

2,255

4,855

5,387

4,383

3,904

3,948

3,755

4,183

4,086

3,593

5,779

5,857

6,992

6,091

Current portion of long-term debt

37,194

35,709

31,164

29,679

28,194

29,176

23,750

19,812

11,875

4,000

-

-

-

0

-

0

0

-

15,625

15,625

15,625

-

-

-

-

-

-

-

-

-

0

0

86,063

32,094

-

-

0

Debt-In-Possession loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,129,478

1,129,478

-

1,129,478

-

-

-

-

-

-

-

-

-

-

-

Payment-in-kind loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,423

59,368

51,903

44,565

37,112

29,853

22,561

15,387

-

-

-

0

-

-

-

Total current liabilities

92,471

102,215

80,497

73,789

76,937

62,993

53,293

42,636

39,171

30,823

25,291

22,385

23,031

25,575

-

23,396

25,501

-

37,497

39,085

37,442

-

44,685

1,218,049

1,198,739

1,192,219

25,439

24,586

24,007

33,988

35,150

36,073

120,709

69,121

40,972

37,444

30,515

Noncurrent liabilities:
Total debt

451,620

410,067

388,662

302,741

312,720

301,583

298,524

301,998

309,597

313,683

313,758

297,036

-

255,943

-

256,407

253,387

-

212,586

208,493

200,896

-

-

-

1,129,478

-

1,129,478

1,129,478

1,129,478

1,129,478

1,137,580

1,130,186

1,043,414

1,097,384

1,129,478

1,151,354

1,151,354

Other liabilities

-

-

0

0

0

208

212

216

158

177

228

320

419

483

-

795

720

-

624

563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value below contract value of time charters acquired

-

-

0

0

0

1,818

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,129,478

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment-in-kind interest on Second Lien Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,123

-

-

-

-

-

-

62,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value below contract value of time charters acquired

-

-

-

-

-

-

1,988

2,159

2,329

2,500

2,670

2,840

3,691

3,896

-

4,306

4,511

-

3,684

4,008

4,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and fair value below contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

13,850

-

-

15,971

17,088

18,914

20,026

23,480

Deferred revenue and fair value below contract value of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,614

15,386

-

-

-

-

-

Fair value of derivative instruments - non current

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

657

1,420

2,243

4,498

6,223

8,045

9,486

13,444

16,703

22,135

Operating lease liabilities

4,821

8,301

9,485

11,788

13,142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total noncurrent liabilities

456,618

418,369

398,148

314,530

325,863

303,610

300,726

304,374

312,085

316,361

316,657

300,197

260,939

260,323

-

263,632

258,619

-

216,895

213,065

205,235

-

-

-

-

-

1,166,590

1,159,331

1,153,460

1,160,960

1,156,692

1,151,796

1,067,432

1,123,959

1,161,837

1,188,084

1,196,970

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities subject to compromise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,207,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

549,089

520,584

478,645

388,320

402,801

366,603

354,020

347,010

351,256

347,184

341,949

322,583

283,970

285,898

-

287,029

284,121

-

254,392

252,150

242,677

-

1,251,690

1,218,049

1,198,739

1,192,219

1,192,030

1,183,918

1,177,468

1,194,949

1,191,842

1,187,869

1,188,142

1,193,081

1,202,809

1,225,528

1,227,486

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

-

-

-

-

0

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock

719

715

714

713

713

710

709

705

705

703

703

703

703

481

-

22

450

-

376

376

376

-

185

169

169

167

166

166

166

166

157

157

630

157

626

626

625

Additional paid-in capital

917,532

917,862

916,965

896,064

894,837

894,272

893,627

893,294

890,881

887,625

886,176

883,826

881,348

783,369

-

679,833

678,565

-

676,975

676,185

675,861

-

767,571

767,390

767,102

766,823

766,562

765,999

764,268

762,313

760,134

757,090

747,555

745,945

743,779

741,979

738,251

Accumulated deficit

-440,602

-437,074

-425,902

-421,339

-415,347

-415,377

-421,863

-424,448

-427,899

-427,164

-410,580

-400,325

-394,436

-383,368

-

-221,619

-199,124

-

-80,100

-59,724

-32,215

-

-348,904

-303,046

-258,386

-235,796

-204,570

-166,940

-163,901

-165,275

-132,851

-103,014

-79,908

-62,474

-60,775

-54,903

-47,654

Accumulated other comprehensive loss

-271

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-234

-186

-359

-

-442

-699

-2,101

-

-

1,508

-1,420

-3,009

-5,317

-6,951

-8,259

-9,453

-13,444

-16,703

-22,135

Total stockholders' equity

477,378

481,502

491,776

475,438

480,203

479,605

472,473

469,551

463,687

461,165

476,299

484,204

487,614

400,482

-

458,235

479,892

518,344

597,016

616,650

643,662

-

418,410

463,814

506,783

531,194

562,158

600,734

599,113

594,194

622,123

647,282

660,018

674,175

670,185

670,998

669,086

Total liabilities and stockholders' equity

1,026,468

1,002,087

970,422

863,758

883,005

846,209

826,493

816,562

814,944

808,349

818,248

806,787

771,585

686,381

-

745,264

764,014

-

851,408

868,801

886,340

-

1,670,101

1,681,863

1,705,522

1,723,414

1,754,189

1,784,652

1,776,581

1,789,144

1,813,966

1,835,151

1,848,160

1,867,256

1,872,995

1,896,527

1,896,572

Norwegian Bond Debt Facility
Total debt

176,221

175,867

179,509

179,151

182,817

182,469

-

-

-

189,950

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New First Lien Facility
Total debt

2,355

0

0

0

0

48,189

-

-

-

63,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Ultraco Debt Facility
Total debt

134,313

141,396

117,228

123,589

129,903

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

New Ultraco Debt Facility Revolver Loan
Total debt

45,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Original Ultraco Debt Facility
Total debt

-

-

0

0

0

70,924

-

-

-

59,975

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Convertible Bond Debt
Total debt

93,730

92,803

91,924

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-