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

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Voyage revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123,698

134,994

137,306

150,784

171,422

166,198

183,971

213,542

239,625

254,287

247,683

224,179

191,641

186,639

203,810

223,159

271,055

310,936

347,335

388,929

422,476

446,550

453,376

447,438

410,525

0

0

0

-

Service revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,959

2,771

3,176

3,175

3,285

3,213

3,213

3,213

3,213

3,285

3,285

3,285

3,285

3,285

3,285

3,294

3,294

3,294

3,294

3,285

2,919

0

0

-

0

-

-

-

0

Revenues

394,368

389,496

392,976

381,463

384,070

367,522

0

0

0

-

-

-

-

-

126,657

137,765

140,482

153,959

174,707

169,411

187,184

216,755

242,838

257,572

250,968

227,464

194,926

189,924

207,095

226,453

274,349

314,230

350,629

392,214

425,720

449,428

455,435

448,687

410,987

0

0

0

-

Operating expenses:
Voyage expenses

178,389

173,043

164,093

152,601

136,784

114,855

94,130

68,205

43,173

25,321

13,737

10,449

12,572

13,227

14,714

19,090

19,773

20,257

19,965

15,662

13,888

11,464

7,969

7,846

8,730

8,046

8,262

8,743

6,871

7,009

6,959

5,968

4,899

4,457

3,861

3,606

4,698

4,467

4,204

4,041

0

0

0

Vessel operating expenses

94,832

96,209

97,044

97,488

96,850

97,427

96,861

96,837

96,969

98,086

101,378

104,707

109,393

113,636

117,989

121,073

122,463

122,008

119,839

115,543

116,160

118,711

119,287

119,554

115,775

111,671

110,096

110,853

113,603

114,318

114,743

112,604

108,553

105,514

102,897

98,189

88,884

78,976

67,238

59,081

0

0

0

Charter hire expenses

16,835

16,179

13,466

8,500

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

23,973

24,516

24,633

23,522

24,233

23,141

22,401

23,257

22,499

22,190

31,623

33,677

39,514

45,174

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Technical management fees

7,481

7,567

7,784

7,927

7,992

8,000

7,850

7,705

7,626

7,659

7,907

8,234

8,627

8,932

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General, administrative, and management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

50,207

42,586

41,216

34,031

34,535

35,286

35,168

35,673

33,700

33,837

33,773

33,928

34,712

33,269

32,135

29,081

24,937

22,585

0

0

0

Depreciation and amortization

72,322

72,824

72,902

71,987

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

131,676

123,910

115,663

103,388

94,323

0

0

0

Other operating income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Impairment of vessel assets

140,207

27,393

26,079

13,897

184

56,586

56,586

75,240

78,395

21,993

21,992

3,338

67,593

69,278

73,776

73,776

6,182

39,893

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on sale of vessels

-1,265

-168

2,120

0

0

-

0

-

-

7,712

11,344

11,344

9,924

3,555

-1,287

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

535,304

417,899

402,965

371,591

336,038

367,006

345,738

340,507

317,808

239,313

236,887

220,946

300,979

322,062

332,114

358,401

306,546

346,826

515,755

492,601

490,732

467,306

303,562

314,247

308,166

294,370

292,059

293,864

294,393

295,798

293,548

289,895

284,245

279,575

276,941

266,155

248,836

227,396

199,561

179,824

0

0

0

Operating loss

-140,936

-28,403

-9,989

9,872

48,032

516

-15,484

-51,355

-69,443

-29,615

-58,224

-54,557

-148,086

-186,476

-205,457

-220,636

-166,064

-192,867

-341,048

-323,190

-303,548

-250,551

-60,724

-56,675

-57,198

-66,906

-97,133

-103,940

-87,298

-69,345

-19,199

24,335

66,384

112,639

148,779

183,273

206,599

221,291

211,426

206,844

0

0

0

Other (expense) income:
Impairment of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (expense) income

-412

501

617

744

781

367

260

10

-184

-164

543

705

705

645

-139

-917

-932

-796

-678

-18

-3

-71

-117

-169

-152

-76

-49

-47

6

-29

-39

35

-41

-80

-104

-214

-161

-77

-68

-290

0

0

0

Interest income

3,362

4,095

4,350

4,520

4,334

3,801

3,289

2,721

2,172

1,551

1,065

620

315

204

183

156

148

110

98

95

95

91

0

0

0

-

-

0

0

-

-

0

0

-

674

696

781

685

617

470

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

30,325

31,955

33,338

33,197

33,542

33,091

32,187

32,388

31,483

30,497

29,813

29,029

28,478

28,453

27,344

25,147

22,821

20,032

17,915

16,631

30,454

47,153

65,419

84,906

87,950

88,216

88,320

86,787

85,117

87,558

87,228

87,475

89,131

86,722

86,692

84,271

78,541

72,650

66,654

62,658

0

0

0

Impairment of right-of-use asset

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-27,598

-27,582

-28,594

-28,156

-32,960

-33,456

-33,171

-34,190

-29,495

-29,110

-28,205

-27,704

-30,154

-30,300

-35,337

-66,481

-61,482

-58,595

-51,031

-16,554

-30,362

-47,133

-65,445

-84,989

-88,025

-88,217

-88,295

-86,725

-84,870

-87,209

-86,801

-86,856

-88,573

-86,186

-86,122

-83,789

-77,921

-72,042

-66,105

-62,478

0

0

0

Loss before reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-216,776

-240,794

-287,117

-227,546

-251,462

-392,079

-339,744

-333,910

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

272

320

411

659

1,085

1,431

2,424

22,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-98,938

-

-86,459

-82,374

-178,418

-217,048

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-393,510

-342,168

-356,127

-319,381

-147,442

-161,770

-145,223

-155,123

-185,428

-190,665

-172,168

-156,554

-106,000

-62,521

-22,189

26,453

62,657

99,484

128,678

149,249

145,321

144,366

0

0

0

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

709

1,034

909

1,531

1,821

2,156

2,257

1,903

1,772

2,070

2,156

2,086

1,898

1,302

1,126

1,175

1,222

1,260

1,285

1,297

1,385

1,509

1,900

0

-

0

0

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-242,148

-288,437

-229,736

-254,368

-395,666

-344,425

-358,030

-321,153

-149,512

-163,926

-147,309

-157,021

-186,730

-191,791

-173,343

-157,776

-107,260

-63,806

-23,486

25,068

60,961

97,649

126,479

147,409

144,135

143,647

0

0

0

Less: Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59,471

-86,263

-83,357

-76,770

-39,230

-12,418

-10,088

-8,626

-9,280

-12,497

-14,143

-13,323

-12,848

-8,307

-4,864

-2,375

-318

1,076

3,099

5,260

6,166

0

0

0

-

-

Net loss

-168,534

-55,985

-38,583

-18,284

15,072

-32,940

-48,655

-85,545

-98,938

-58,725

0

0

0

-

-

-

-

-194,897

-309,403

-261,068

-281,260

-281,923

-137,094

-153,838

-138,683

-147,741

-174,233

-177,648

-160,020

-144,928

-98,953

-58,942

-21,111

25,386

61,305

0

0

-

0

-

-

-

-

Net income attributable to Genco Shipping & Trading Limited

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

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

394,368

389,496

392,976

381,463

384,070

367,522

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-