Genco shipping & trading ltd (GNK)
CashFlow / 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'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net loss

-168,534

-55,985

-38,584

-18,286

15,072

-32,940

-48,654

-85,544

-98,938

-58,725

-86,400

-82,731

-178,874

-217,757

-242,152

-288,440

-229,736

-254,368

-395,664

-344,424

-358,031

-321,154

-149,513

-163,927

-147,309

-157,021

-186,727

-191,789

-173,343

-157,776

-107,265

-63,808

-23,486

25,068

60,964

97,651

126,479

147,409

0

0

0

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization

72,322

72,824

72,903

71,988

70,166

68,976

68,187

68,754

70,489

71,776

72,372

72,663

74,164

76,330

78,775

80,772

80,485

79,556

78,291

75,523

92,662

109,453

126,516

144,382

142,566

140,743

139,431

139,247

139,016

139,063

138,673

138,013

137,547

136,203

136,056

131,675

123,910

115,663

0

0

0

Amortization of deferred financing costs

3,824

3,788

3,753

3,663

3,377

3,035

2,696

2,411

2,325

2,325

2,391

2,542

2,691

2,847

2,886

2,786

2,621

2,379

2,149

1,896

3,403

5,136

6,929

9,716

9,501

9,116

8,720

7,145

6,268

5,413

4,375

3,575

3,390

3,188

3,144

2,937

2,481

1,967

0

0

0

Noncash operating lease expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PIK interest, net

-

-

-

-

-

-

-

-

-

4,542

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of time charters acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-383

-316

168

251

334

471

608

692

746

737

1,013

1,324

1,611

2,099

3,094

3,700

4,560

0

0

0

Amortization of discount on Convertible Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,167

5,083

4,963

4,845

4,737

4,626

4,537

4,418

4,308

4,195

4,072

0

0

0

-

-

-

-

Unrealized loss on derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

21

49

69

100

89

78

65

51

63

50

58

66

0

0

0

Amortization of nonvested stock compensation expense

2,086

2,057

2,051

2,121

2,190

2,231

2,293

2,903

3,835

4,053

9,704

12,033

15,905

20,680

19,975

28,241

35,262

42,136

49,206

45,228

34,066

23,096

11,575

4,793

4,639

4,482

4,743

5,125

5,447

5,864

6,312

6,934

7,549

8,338

8,519

8,459

8,403

7,219

0

0

0

Impairment of vessel assets

140,207

27,393

26,078

13,897

184

56,586

56,586

75,240

78,395

21,993

21,993

3,339

67,593

69,278

73,775

73,775

6,182

39,893

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of vessels

-1,265

-168

0

0

0

-

-

-

-

7,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds for protection and indemnity claims

369

494

448

505

461

303

555

683

653

765

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds for loss of hire claims

-

-

-

-

-

-

-

-

-

2,230

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

689

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
(Increase) decrease in due from charterers

-2,261

-8,605

1,855

1,310

3,979

10,099

8,316

8,623

4,874

2,482

2,397

-1,816

687

-213

-5,668

-6,207

-3,993

-4,153

-1,455

1,262

-266

-696

-380

1,054

-703

2,527

6,164

-10

902

-1,974

-2,453

2,096

3,560

4,894

5,474

5,784

5,249

6,677

0

0

0

(Increase) decrease in prepaid expenses and other current assets

2,790

789

1,315

3,551

1,959

6,626

3,840

1,023

6,965

5,875

11,212

8,883

2,451

-1,010

-5,491

-3,512

-5,496

-1,181

-2,735

-8,143

-7,822

-4,116

-617

2,245

5,948

919

1,370

3,729

-260

437

959

1,161

4,225

3,721

897

4,071

4,720

3,804

0

0

0

Increase in inventories

-1,283

-2,340

-6,998

6,261

10,731

14,215

19,295

14,421

12,428

6,485

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in other noncurrent assets

-

-

-

-

-

-514

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

514

0

0

0

-

-

-

-

Decrease in accounts payable and accrued expenses

5,370

13,172

-537

1,115

-637

2,571

8,897

5,184

5,772

1,494

849

-2,377

-4,339

-5,309

-11,775

-9,530

-5,434

1,883

-2,906

-32,095

-30,501

-25,106

-11,315

15,143

11,234

2,765

-983

719

196

-4,880

-517

-4

-931

1,091

163

5,117

5,447

10,048

0

0

0

Increase (decrease) in deferred revenue

3,321

223

-3,906

1,864

-607

1,190

7,107

4,259

3,096

3,234

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in operating lease liabilities

-1,614

-1,592

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred rent

-

-

-

-

-

880

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480

-403

-931

-339

123

401

403

-46

-375

-186

500

273

-454

-1,930

-2,605

-2,903

-3,131

-692

-3,301

-6,139

-7,306

-5,969

-4,444

-2,465

0

0

0

Increase in lease obligations

-

-

-

-

-

-

-

-

-

-

720

719

719

719

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

783

789

690

587

374

215

118

143

601

842

1,051

1,324

1,088

1,197

1,577

1,166

940

556

-38

-30

0

0

0

Deferred drydock costs incurred

17,015

14,641

11,968

6,265

1,200

2,236

2,330

3,950

6,400

7,782

7,813

6,368

4,947

2,150

4,554

6,592

9,318

12,820

13,687

13,677

6,290

-2,912

-9,170

-12,618

-9,118

-4,732

-1,598

-4,382

-7,484

-10,167

-11,786

-9,399

-7,304

-4,013

-3,157

-2,919

-2,809

-3,708

0

0

0

Net cash (used in) provided by operating activities

43,876

59,526

51,290

55,711

68,058

65,907

63,725

50,259

40,099

24,071

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash flows from investing activities:
Purchase of vessels and ballast water treatment systems, including deposits

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-71,070

-

-41,938

-56,665

-59,607

-49,891

-25,864

-930

11,618

-3,144

-39,448

-44,662

-28,231

-18,834

32,835

75,776

110,062

158,183

0

0

0

-

-

-

-

Purchase of vessels, including deposits

-

-

-

-

-

-

-

-

-

-

285

330

214

458

20,886

42,251

42,765

66,590

69,684

49,192

60,749

54,263

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of scrubbers (capitalized in Vessels)

33,660

31,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of other fixed assets

4,554

4,714

4,164

3,465

2,503

1,462

980

716

427

290

243

187

159

329

468

624

905

770

764

561

476

599

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of vessels

35,122

26,963

0

0

0

-

-

-

-

15,513

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of AFS securities

-

-

-

-

-

-

-

-

-

-

-

-

-

10,489

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds for hull and machinery claims

0

-

-

-

-

3,629

5,192

4,967

3,467

2,444

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

280,528

823,988

1,005,588

971,203

0

0

0

Purchase of other fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

719

406

350

380

0

0

0

Deposits on vessels

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17,703

-71,080

-21,798

13,702

0

0

0

Changes in deposits of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-85

-225

-225

19,545

0

0

0

-

-

-

-

-

-

-

-

750

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-13,150

-22,849

-681

-210,941

-200,946

-195,375

-224,867

3,494

5,729

17,405

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Cash flows from financing activities:
Repayments of Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118,588

183,588

90,000

102,500

102,500

50,000

50,000

50,000

50,000

0

0

0

Net cash provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,870

-

-69,675

-49,528

-61,000

-74,407

-136,160

-176,612

-164,464

-146,555

-41,951

-1,268

-2,135

-3,669

-36,220

-67,699

-98,890

-133,367

0

0

0

-

-

-

-

Payment of common stock issuance costs

-

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

847

0

0

0

-

-

-

-

-

-

-

-

Payment of dividend by subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,071

3,563

3,288

2,951

1,589

755

1,368

2,041

4,081

5,937

6,777

6,942

7,603

0

0

0

-

-

-

-

Cash settlement of non-accredited Note holders

-

-

-

-

-

-

-

-

-

-

-

-

-

101

130

158

829

777

857

1,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,721

0

0

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129,761

-

49,471

31,764

18,625

6,633

80,795

165,707

190,205

199,821

103,113

-130,533

-161,268

-132,865

-200,622

-48,289

-39,955

-67,725

0

0

0

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,821

-

-62,142

-74,429

-101,982

-117,665

-81,229

-11,835

37,359

50,122

21,714

-176,463

-191,634

-155,368

-204,007

-40,212

-28,783

-42,909

0

0

0

-

-

-

-

Cash dividends paid

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of Convertible Senior Notes issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

0

0

0

-

-

-

-

Proceeds from issuance of common stock by subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

214,508

0

0

0

Payment of common stock issuance costs by subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

3,721

0

0

0

Payment of deferred financing costs

-

611

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

7,003

6,392

6,593

4,814

2,682

0

0

0

-

-

-

-

4,085

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-74,193

-77,189

-50,457

50,355

124,664

127,283

142,076

35,563

-18,524

-5,598

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net decrease in cash, cash equivalents and restricted cash

-43,467

-40,512

152

-104,875

-8,224

-2,185

-19,066

89,316

27,304

35,878

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0