GENCO SHIPPING & TRADING LTD GNK Income Statement

Genco shipping & trading ltd (GNK)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues:
Revenues
-	-	-	135,586	-	-	-	-	-	-	-
Voyage revenues
-	-	-	-	150,784	224,179	223,159	388,929	447,438	379,531	405,370
Service revenues
-	-	-	-	3,175	3,285	3,294	3,285	1,249	-	-
Revenues
389,496	367,522	209,698	-	153,959	227,464	226,453	392,214	448,687	379,531	405,370
Operating expenses:
Voyage expenses
173,043	114,855	25,321	13,227	20,257	8,046	7,009	4,457	4,467	5,024	5,116
Vessel operating expenses
96,209	97,427	98,086	113,636	122,008	111,671	114,318	105,514	78,976	57,311	47,130
Charter hire expenses
16,179	1,534	0	-	-	-	-	-	-	-	-
General and administrative expenses (inclusive of nonvested stock amortization expense of $481 and $452, respectively)
24,516	23,141	22,190	45,174	74,941	-	-	-	-	-	-
Technical management fees
7,567	8,000	7,659	8,932	8,961	-	-	-	-	-	-
General, administrative, and management fees
-	-	-	-	-	34,031	35,673	33,928	29,081	18,554	19,814
Depreciation and amortization
72,824	68,976	71,776	76,330	79,556	140,743	139,063	136,203	115,663	88,150	71,395
Loss on forfeiture of vessel deposits
-	-	-	-	-	-	-	-	-	-	-53,765
Gain on sale of vessel
-	-	-	-	-	-	-	-	-	-	26,227
Other operating income
-	-	-	960	0	121	265	527	791	-	-
Impairment of vessel assets
27,393	56,586	21,993	69,278	39,893	-	-	-	-	-	-
Loss (gain) on sale of vessels
-168	3,513	7,712	3,555	-1,210	-	-	-	-	-	-
Total operating expenses
417,899	367,006	239,313	322,062	346,826	294,370	295,798	279,575	227,396	169,039	170,993
Operating loss
-28,403	516	-29,615	-186,476	-192,867	-66,906	-69,345	112,639	221,291	210,492	234,377
Other (expense) income:
Impairment of investment
-	-	-	2,696	37,877	-	-	-	-	-	103,892
Other (expense) income
501	367	-164	645	-796	-76	-29	-80	-77	-312	-74
Interest income
4,095	3,801	1,551	204	110	-	-	-	685	240	1,757
Interest income
-	-	-	-	-	75	378	616	-	-	-
Interest expense
31,955	33,091	30,497	28,453	20,032	88,216	87,558	86,722	72,650	61,796	52,589
Impairment of right-of-use asset
223	-	-	-	-	-	-	-	-	-	-
Loss on debt extinguishment
-	-4,533	-	-	-	-	-	-	-	-	-
Income from investments
-	-	-	-	-	-	-	-	-	-	7,001
Other expense
-27,582	-33,456	-29,110	-30,300	-58,595	-88,217	-87,209	-86,186	-72,042	-61,868	-147,797
Loss before reorganization items, net
-	-	-	-216,776	-251,462	-	-	-	-	-	-
Reorganization items, net
-	-	-	272	1,085	-	-	-	-	-	-
Loss before income taxes
-	-	-	-217,048	-252,547	-	-	-	-	-	-
Loss before income taxes
-	-	-	-	-	-155,123	-156,554	26,453	149,249	148,624	86,580
Income tax expense
-	-	-	709	1,821	1,898	1,222	1,385	1,840	-	-
Net loss
-	-	-	-	-254,368	-157,021	-157,776	25,068	147,409	148,624	86,580
Less: Net loss attributable to noncontrolling interest
-	-	-	-	-59,471	-9,280	-12,848	-318	6,166	-	-
Net loss
-55,985	-32,940	-58,725	-217,757	-194,897	-147,741	-144,928	25,386	141,243	148,624	-
Net income attributable to Genco Shipping & Trading Limited
-	-	-	-	-	-	-	-	-	-	86,580
Net loss per share-basic
-1.34	-0.86	-1.71	-30.03	-29.61	-3.42	-3.47	0.72	4.28	4.75	2.86
Net loss per share-diluted
-1.34	-0.86	-1.71	-30.03	-29.61	-3.42	-3.47	0.72	4.07	4.73	2.84
Weighted average common shares outstanding-basic
41,762	38,382	34,242	7,251	6,583	43,249	41,727	35,179	32,987	31,295	30,290
Weighted average common shares outstanding-diluted
41,762	38,382	34,242	7,251	6,583	43,249	41,727	35,258	35,891	31,445	30,452
Dividends declared per share of common stock
0.50	-	-	-	-	0.00	0.00	0.00	-	-	3.85
Voyage
Revenues
389,496	367,522	209,698	-	-	-	-	-	-	-	-
Revenues
-	-	-	133,246	-	-	-	-	-	-	-
Vessel Management Services
Revenues
-	-	-	2,340	-	-	-	-	-	-	-
Loss before income taxes
-	-	-	1,502	-	-	-	-	-	-	-
Income tax expense
-	-	-	709	-	-	-	-	-	-	-