Genco shipping & trading ltd (GNK)
Income statement / 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'10Mar'10Sep'09Jun'09
Revenues:
Revenues

-

-

-

-

-

-

-

-

-

-

51,161

45,370

38,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Voyage revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,871

31,460

20,131

34,236

49,167

33,772

33,609

54,874

43,943

51,545

63,180

80,957

58,605

44,941

39,676

48,419

53,603

62,112

59,025

96,315

93,484

98,511

100,619

129,862

117,558

105,337

94,681

92,949

-

Service revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,016

414

811

718

828

819

810

828

756

819

810

828

828

819

810

828

828

819

819

828

828

819

810

-

462

-

-

-

93,701

Revenues

98,336

108,706

103,776

83,550

93,464

112,186

92,263

86,157

76,916

-

-

-

-

-

38,887

31,874

20,942

34,954

49,995

34,591

34,419

55,702

44,699

52,364

63,990

81,785

59,433

45,760

40,486

49,247

54,431

62,931

59,844

97,143

94,312

99,330

101,429

130,649

118,020

105,337

94,681

92,949

-

Operating expenses:
Voyage expenses

48,368

45,254

42,967

41,800

43,022

36,304

31,475

25,983

21,093

15,579

5,550

951

3,241

3,995

2,262

3,074

3,896

5,482

6,638

3,757

4,380

5,190

2,335

1,983

1,956

1,695

2,212

2,867

1,272

1,911

2,693

995

1,410

1,861

1,702

-74

968

1,265

1,447

1,018

737

1,002

1,284

Vessel operating expenses

21,813

23,950

24,711

24,358

23,190

24,785

25,155

23,720

23,767

24,219

25,131

23,852

24,884

27,511

28,460

28,538

29,127

31,864

31,544

29,928

28,672

29,695

27,248

30,545

31,223

30,271

27,515

26,766

27,119

28,696

28,272

29,516

27,834

29,121

26,133

25,465

24,795

26,504

21,425

16,160

14,887

14,766

13,268

Charter hire expenses

3,075

3,436

5,475

4,849

2,419

-

723

509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative expenses (inclusive of nonvested stock amortization expense of $481 and $452, respectively)

5,767

6,263

6,144

5,799

6,310

6,380

5,033

6,510

5,218

5,640

5,889

5,752

4,909

15,073

7,943

11,589

10,569

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technical management fees

1,854

1,857

1,885

1,885

1,940

2,074

2,028

1,950

1,948

1,924

1,883

1,871

1,981

2,172

2,210

2,264

2,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General, administrative, and management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,983

26,491

20,324

-

15,492

9,850

15,376

9,489

7,871

8,480

8,191

9,993

8,622

8,362

8,696

8,020

8,759

8,298

8,851

8,804

7,316

7,164

5,797

4,660

4,964

Depreciation and amortization

17,574

18,293

18,184

18,271

18,076

18,371

17,269

16,450

16,886

17,582

17,836

18,185

18,173

18,178

18,127

19,686

20,339

20,623

20,124

19,399

19,410

19,358

17,356

36,538

36,201

36,421

35,222

34,722

34,378

35,109

35,038

34,491

34,425

34,719

34,378

34,025

33,081

34,572

29,998

26,259

24,834

22,297

20,933

Other operating income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

182

-

-

0

0

-

234

296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

-

-

-

Impairment of vessel assets

112,814

1,314

12,182

13,897

0

0

0

184

56,402

0

18,654

3,339

0

-1

0

67,594

1,685

4,497

0

0

35,396

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of vessels

-486

-779

0

0

611

-

1,509

-

-

0

0

1,343

6,369

3,632

0

-77

0

-

-

-1,210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

211,751

101,146

111,548

110,859

94,346

86,212

80,174

75,306

125,314

64,944

74,943

52,607

46,819

62,518

59,002

132,640

67,902

72,570

85,289

80,785

108,182

241,499

62,135

78,916

84,756

77,755

72,820

72,835

70,960

75,444

74,625

73,364

72,365

73,194

70,972

67,714

67,695

70,560

60,186

50,395

46,255

42,725

40,449

Operating loss

-113,415

7,560

-7,772

-27,309

-882

25,974

12,089

10,851

-48,398

9,974

-23,782

-7,237

-8,570

-18,635

-20,115

-100,766

-46,960

-37,616

-35,294

-46,194

-73,763

-185,797

-17,436

-26,552

-20,766

4,030

-13,387

-27,075

-30,474

-26,197

-20,194

-10,433

-12,521

23,949

23,340

31,616

33,734

60,089

57,834

54,942

48,426

50,224

53,252

Other (expense) income:
Impairment of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,696

-

-

32,536

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income

-584

-21

86

107

329

95

213

144

-85

-12

-37

-50

-65

695

125

-50

-125

-89

-653

-65

11

29

7

-50

-57

-17

-45

-33

19

10

-43

20

-16

0

31

-56

-55

-24

-79

-3

29

-15

-301

Interest income

594

803

892

1,073

1,327

1,058

1,062

887

794

546

494

338

173

60

49

33

62

39

22

25

24

27

19

25

20

-

-

16

18

-

-

148

155

-

167

163

172

172

189

248

76

104

42

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

-

-

-

49

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

6,945

7,459

7,797

8,124

8,575

8,842

7,656

8,469

8,124

7,938

7,857

7,564

7,138

7,254

7,073

7,013

7,113

6,145

4,876

4,687

4,324

4,028

3,592

18,510

21,023

22,294

23,079

21,554

21,289

22,398

21,546

19,884

23,730

22,068

21,793

21,540

21,321

22,038

19,372

15,810

15,430

16,042

15,376

Impairment of right-of-use asset

-

-

-

223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-4,533

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-6,935

-6,677

-6,819

-7,167

-6,919

-7,689

-6,381

-11,971

-7,415

-7,404

-7,400

-7,276

-7,030

-6,499

-6,899

-9,726

-7,176

-11,536

-38,043

-4,727

-4,289

-3,972

-3,566

-18,535

-21,060

-22,284

-23,110

-21,571

-21,252

-22,362

-21,540

-19,716

-23,591

-21,954

-21,595

-21,433

-21,204

-21,890

-19,262

-15,565

-15,325

-15,953

-15,635

Loss before reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,134

-27,014

-110,492

-54,136

-49,152

-73,337

-50,921

-78,052

-189,769

-21,002

-45,087

-

-

-

-48,646

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

30

83

65

94

78

174

313

520

424

1,167

20,106

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-55,813

-

-31,182

-14,513

-15,600

-25,164

-27,097

-110,557

-54,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-73,511

-51,234

-78,572

-190,193

-22,169

-65,193

-41,826

-18,254

-36,497

-48,646

-51,726

-48,559

-41,734

-30,149

-36,112

1,995

1,745

10,183

12,530

38,199

38,572

39,377

33,101

34,271

37,617

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-57

417

96

253

268

292

718

543

603

393

364

412

901

479

294

224

305

303

343

271

343

328

355

359

-

467

719

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27,514

-110,653

-54,483

-49,498

-73,803

-51,952

-79,115

-190,796

-22,562

-65,557

-42,238

-19,155

-36,976

-48,940

-51,950

-48,864

-42,037

-30,492

-36,383

1,652

1,417

9,828

12,171

37,545

38,105

38,658

33,101

34,271

37,617

Less: Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7,178

-11,620

-40,673

-26,792

-4,272

-5,033

-3,133

20

-1,942

-3,571

-3,787

-3,197

-3,588

-2,751

-3,312

1,344

-145

-262

-1,255

2,738

1,878

1,899

-349

-

-

Net loss

-120,350

883

-14,591

-34,476

-7,801

18,285

5,708

-1,120

-55,813

2,570

-31,182

-14,513

-15,600

-

-

-

-

-49,498

-66,625

-40,332

-38,442

-164,004

-18,290

-60,524

-39,105

-19,175

-35,034

-45,369

-48,163

-45,667

-38,449

-27,741

-33,071

308

1,562

10,090

13,426

-

36,227

-

-

-

-

Net income attributable to Genco Shipping & Trading Limited

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,759

33,450

34,271

37,617

Net loss per share-basic

-2.87

0.03

-0.35

-0.83

-0.19

0.64

0.14

-0.03

-1.61

0.08

-0.90

-0.42

-0.47

-3.36

-3.80

-15.32

-7.55

-12.76

-9.54

-6.67

-0.64

-29.90

-0.30

-1.39

-0.90

-0.44

-0.81

-1.05

-1.12

-1.05

-0.90

-0.65

-0.87

0.01

0.04

0.29

0.38

0.97

1.07

1.17

1.07

1.10

1.20

Net loss per share-diluted

-2.87

0.03

-0.35

-0.83

-0.19

0.64

0.14

-0.03

-1.61

0.08

-0.90

-0.42

-0.47

-3.36

-3.80

-15.32

-7.55

-12.76

-9.54

-6.67

-0.64

-29.90

-0.30

-1.39

-0.90

-0.44

-0.81

-1.05

-1.12

-1.05

-0.90

-0.65

-0.87

0.01

0.04

0.29

0.38

0.86

0.99

1.16

1.06

1.09

1.20

Weighted average common shares outstanding-basic

41,866

41,833

41,749

41,742

41,726

41,818

41,618

35,516

34,577

34,574

34,469

34,430

33,495

7,319

7,245

7,221

7,218

-47,129

6,982

6,048

60,430

-48,227

60,299

43,568

43,568

43,406

43,231

43,196

43,161

43,053

42,885

42,878

38,090

35,267

35,157

35,150

35,142

35,131

33,998

31,413

31,405

31,295

31,268

Weighted average common shares outstanding-diluted

41,866

41,833

41,749

41,742

41,726

41,615

41,821

35,516

34,577

34,574

34,469

34,430

33,495

7,319

7,245

7,221

7,218

-47,129

6,982

6,048

60,430

-48,227

60,299

43,568

43,568

43,406

43,231

43,196

43,161

43,053

42,885

42,878

38,090

35,396

35,212

35,204

35,218

41,740

38,718

31,562

31,543

31,473

31,434

Dividends declared per share of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

-

0.00

-

-

-

-

-

-

-

-

-

-

-

-

Voyage
Revenues

98,336

108,706

103,776

83,550

93,464

112,186

92,263

86,157

76,916

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-