Genco shipping & trading ltd (GNK)
Balance Sheet / Quarterly
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'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets:
Cash and cash equivalents

134

155

165

165

187

197

165

269

172

174

152

147

138

133

40

56

75

121

44

61

68

83

106

57

92

122

109

69

55

72

87

246

246

227

291

286

275

270

264

196

188

Restricted cash

14

6

-

-

4

4

-

-

5

7

8

8

7

8

19

19

19

19

9

9

9

9

9

9

9

9

-

-

-

0

-

-

-

-

-

-

-

-

12

12

17

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

9

9

-

-

-

-

-

-

-

-

-

-

-

-

Due from charterers, net of a reserve of $665 and $1,064, respectively

15

13

20

15

17

22

18

14

13

12

10

6

9

10

8

8

8

10

14

14

12

14

15

12

11

14

14

10

12

11

8

10

11

13

11

8

7

8

5

3

2

Prepaid expenses and other current assets

10

10

9

9

9

10

10

7

9

7

22

22

16

15

17

19

20

21

22

22

25

22

25

23

26

19

18

21

20

18

17

17

20

17

16

16

16

14

15

12

10

Inventories

29

27

22

29

30

29

29

23

19

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vessels held for sale

23

10

21

-

-

5

12

7

-

-

-

-

1

4

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits on vessels to be sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

10

-

Total current assets

227

223

241

219

249

270

237

322

221

217

194

184

173

172

87

103

123

172

90

108

116

130

157

103

140

165

152

111

97

102

113

274

278

259

318

311

299

293

304

233

218

Noncurrent assets:
Vessels, net of accumulated depreciation of $228,208 and $288,373, respectively

1,121

1,273

1,290

1,320

1,335

1,344

1,382

1,172

1,195

1,265

1,281

1,315

1,335

1,354

1,381

1,401

1,487

1,508

1,501

1,490

1,508

1,532

1,522

2,607

2,641

2,673

2,604

2,596

2,629

2,662

2,695

2,729

2,761

2,794

2,793

2,792

2,789

2,783

2,706

2,189

2,023

Deposits on vessels

-

-

-

-

-

-

-

0

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

Deposits on vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

19

19

25

31

28

17

1

-

-

-

0

-

-

-

-

3

6

10

13

31

85

-

Deferred drydock, net of accumulated amortization of $6,993 and $11,862 respectively

17

17

16

11

8

9

10

11

12

13

14

15

14

12

13

13

15

16

14

12

9

6

3

16

14

11

9

10

11

12

13

11

9

6

6

7

7

8

9

10

10

Deferred financing costs, net of accumulated amortization of $0 and $734, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

3

3

10

11

10

10

6

18

20

22

23

25

27

29

31

15

16

17

14

-

-

16

-

-

-

Other assets, net of accumulated amortization of $6,133 and $4,561, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

16

-

16

8

8

Fixed assets, net of accumulated depreciation and amortization of $1,704 and $2,154, respectively

5

5

5

4

3

2

1

1

0

1

1

0

0

1

1

1

1

1

1

1

0

0

0

4

4

5

5

5

5

5

5

5

5

5

3

2

2

2

2

2

2

Operating lease right-of-use assets

7

8

8

8

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent assets

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Restricted cash

0

0

0

0

0

0

0

0

22

23

24

25

27

27

0

0

0

0

0

0

0

19

0

0

0

0

0

0

0

10

10

9

9

9

9

9

9

9

9

-

-

Fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

7

12

12

17

25

28

26

38

49

63

77

41

27

30

20

23

27

32

24

27

42

55

54

63

53

72

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total noncurrent assets

1,153

1,305

1,320

1,345

1,356

1,357

1,394

1,185

1,231

1,303

1,321

1,357

1,377

1,396

1,405

1,426

1,520

1,542

1,557

1,561

1,578

1,622

1,769

2,725

2,762

2,791

2,685

2,666

2,705

2,740

2,781

2,799

2,836

2,859

2,860

2,876

2,891

2,889

2,838

2,349

2,118

Total assets

1,380

1,528

1,561

1,564

1,606

1,627

1,632

1,508

1,452

1,520

1,516

1,541

1,551

1,568

1,493

1,530

1,644

1,714

1,648

1,669

1,694

1,752

1,926

2,828

2,902

2,957

2,837

2,777

2,803

2,843

2,894

3,074

3,115

3,119

3,179

3,187

3,190

3,182

3,143

2,583

2,336

Liabilities and Equity
Current liabilities:
Accounts payable and accrued expenses

34

49

41

33

24

29

33

26

24

23

22

20

18

22

21

22

22

27

33

33

29

28

36

39

35

27

24

25

23

23

25

24

24

30

27

26

26

31

32

21

18

Current portion of long-term debt

72

69

70

65

70

66

66

45

24

24

12

9

7

4

540

553

561

579

44

44

44

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

7

6

6

8

4

6

10

6

5

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current operating lease liabilities

1

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

4

1,309

1,316

1,313

1,312

1,312

0

-

220

220

185

147

110

73

71

79

50

50

Current interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

13

13

13

13

0

-

-

-

-

-

-

-

-

-

-

-

Convertible senior note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

117

115

114

113

112

0

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

2

1

1

1

1

0

0

1

1

1

1

1

0

1

1

1

1

1

1

1

1

3

3

4

5

3

6

9

11

8

10

Time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

Fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

6

9

11

13

0

0

1

-

1

-

-

-

-

-

-

-

Fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-

5

9

13

4

0

0

-

Total current liabilities:

116

127

119

108

100

101

109

77

53

52

37

31

27

28

563

577

584

607

79

79

76

63

70

44

1,482

1,481

1,476

1,477

1,476

25

28

250

251

221

185

150

120

118

123

80

79

Noncurrent liabilities:
Long-term operating lease liabilities

9

9

10

10

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

1

2

Deferred rent

-

-

-

-

-

3

3

3

2

2

2

2

2

1

1

1

1

1

0

0

0

0

0

2

3

3

3

2

2

2

2

1

1

1

1

1

0

0

0

0

0

Time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

1

1

1

1

2

2

2

4

Fair value of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

16

18

19

20

23

27

25

22

38

53

50

44

Convertible senior note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

110

109

108

107

106

105

104

103

102

101

-

-

Long-term interest payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

13

13

-

-

-

-

-

-

-

-

-

-

Long-term debt, net of deferred financing costs of $12,143 and $13,094, respectively

403

412

434

433

448

468

484

398

477

490

504

506

507

508

-

-

-

-

418

403

390

395

372

161

162

163

-

-

-

1,413

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

102

101

-

1,413

1,340

1,347

1,402

1,502

1,538

1,574

1,572

1,551

1,261

1,277

Total noncurrent liabilities

413

422

444

443

459

472

488

402

479

493

507

508

509

510

1

1

1

1

419

404

390

396

372

164

165

166

125

105

104

1,556

1,557

1,471

1,478

1,535

1,637

1,670

1,702

1,716

1,711

1,316

1,328

Total liabilities subject to compromise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,443

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

529

550

563

552

560

574

597

479

533

545

544

539

536

539

565

578

586

608

498

483

466

460

443

1,652

1,648

1,648

1,602

1,582

1,580

1,582

1,585

1,721

1,729

1,757

1,823

1,821

1,823

1,834

1,834

1,396

1,407

Commitments and contingencies (Note 14)

-

-

-

-

-

-

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

-

0

-

-

-

Equity:
Series A Preferred Stock, par value $0.01; aggregate liquidation preference of $0 and $120,789 at December 31, 2017 and December 31, 2016, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock, par value $0.01; 500,000,000 shares authorized; 41,801,753 and 41,754,413 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

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

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

1,714

1,721

1,741

1,741

1,740

1,740

1,739

1,739

1,628

1,628

1,627

1,626

1,625

1,503

1,497

1,494

1,487

1,483

1,477

1,274

1,262

1,251

1,239

847

847

846

849

855

864

863

862

861

860

809

808

806

805

803

802

723

722

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-0

0

-0

-0

-26

-22

-25

-13

28

40

53

15

-0

0

-11

-11

-9

-6

-17

-21

-9

2

-5

-7

-14

13

Accumulated deficit

-863

-743

-744

-729

-695

-687

-705

-711

-710

-653

-656

-625

-610

-594

-569

-542

-431

-377

-327

-261

-220

-182

-18

-32

27

66

85

120

166

214

260

298

326

359

359

357

347

334

299

263

192

Total equity

851

978

998

1,012

1,045

1,053

1,034

1,028

919

975

-

-

-

-

-

-

-

-

1,150

987

1,019

1,044

1,208

843

915

967

951

976

1,030

1,066

1,111

1,150

1,180

1,151

1,145

1,155

1,155

1,132

1,095

972

928

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197

208

248

275

332

337

341

283

218

191

194

197

201

205

210

210

211

212

215

214

214

-

Total equity

-

-

-

-

-

-

-

-

-

-

971

1,001

1,014

1,029

928

951

1,057

1,105

1,150

1,185

1,227

1,292

1,483

1,176

1,253

1,308

1,234

1,194

1,222

1,261

1,309

1,352

1,385

1,361

1,356

1,366

1,367

1,348

1,309

1,186

928

Total liabilities and equity

1,380

1,528

1,561

1,564

1,606

1,627

1,632

1,508

1,452

1,520

1,516

1,541

1,551

1,568

1,493

1,530

1,644

1,714

1,648

1,669

1,694

1,752

1,926

2,828

2,902

2,957

2,837

2,777

2,803

2,843

2,894

3,074

3,115

3,119

3,179

3,187

3,190

3,182

3,143

2,583

2,336