Star bulk carriers corp. (SBLK)
Balance Sheet / Yearly
Jun'18Dec'17Jun'17Dec'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Jun'12Dec'11Dec'10
ASSETS
CURRENT ASSETS
Cash and cash equivalents

218

257

226

181

140

208

285

86

39

53

18

12

17

15

12

Restricted cash, current (Note 7)

10

7

12

5

5

3

2

3

2

1

1

9

4

4

1

Trade accounts receivable

24

18

20

12

10

10

18

24

4

3

1

5

2

4

4

Inventories (Note 4)

22

19

14

14

16

14

16

14

5

1

3

3

2

3

1

Due from managers

-

-

0

1

3

0

0

-

0

0

0

0

0

0

0

Due from related parties (Note 3)

0

0

0

0

0

1

0

0

1

0

0

0

-

0

-

Accrued income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Prepaid expenses and other receivables

4

4

4

5

7

8

5

4

3

1

4

5

3

3

3

Derivative asset, current (Note 13)

1

0

0

0

-

0

-

-

-

-

-

-

-

-

-

Other current assets (Notes 2 and 6)

5

5

5

6

8

5

1

1

-

1

-

-

-

-

-

Total Current Assets

288

312

283

228

193

252

330

134

56

63

30

37

30

31

23

FIXED ASSETS
Advances for vessels under construction and acquisition of vessels (Notes 5 and 6)

46

48

46

64

55

127

337

454

81

67

-

0

-

-

43

Vessels and other fixed assets, net (Note 5)

1,896

1,775

1,796

1,707

1,802

1,757

1,772

1,441

377

326

275

291

-

638

-

Vessels and other fixed assets, net (Note 5)

-

-

-

-

-

-

-

-

-

-

-

-

608

-

610

Total Fixed Assets

1,942

1,823

1,843

1,771

1,858

1,885

2,110

1,896

459

394

275

291

608

638

654

OTHER NON-CURRENT ASSETS
Long term investment

1

1

0

0

0

0

0

0

0

0

-

-

-

-

-

Deferred finance charges, net

-

-

-

-

-

-

13

8

1

1

1

1

1

1

1

Restricted cash, non-current (Note 7)

11

8

8

8

8

10

11

10

13

0

9

9

24

25

24

Fair value of above market acquired time charter (Note 7)

-

-

-

-

0

0

-

11

-

-

-

-

-

-

-

Other non-current assets

-

-

0

1

1

0

-

-

-

-

-

-

-

-

-

Derivative asset (Note 19)

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

Fair value of above market acquired time charter (Note 7)

-

-

-

-

-

-

2

-

4

7

11

14

-

20

-

Fair value of above market acquired time charter (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

17

-

0

TOTAL ASSETS

2,243

2,145

2,136

2,011

2,063

2,148

2,468

2,062

535

468

328

354

681

717

703

LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Current portion of long term debt (Note 7)

119

173

7

0

0

127

93

88

29

18

17

28

36

34

33

Lease commitments short term (Notes 5 and 7)

23

15

9

6

9

4

4

0

-

-

-

-

-

-

-

Excel Vessel Bridge Facility from related parties, current portion (Note 3 & Note 8)

-

-

-

-

-

-

0

8

-

0

-

-

-

-

-

Accounts payable

15

9

5

5

9

9

10

18

8

6

6

8

3

8

3

Due to managers

4

1

4

0

0

2

4

0

-

-

-

-

-

-

-

Advances from sale of vessel (Note 5)

-

-

-

-

-

-

0

1

-

0

-

-

-

-

-

Due to related parties (Note 3)

0

0

0

0

0

0

0

2

1

0

0

0

0

0

0

Due to managers

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued liabilities

11

10

9

11

11

14

14

13

5

3

2

3

3

3

1

Derivative liability, current (Note 13)

1

0

2

2

5

5

7

5

0

0

-

-

0

0

-

Derivative instruments(Note 19)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred revenue

6

7

1

2

2

2

1

2

0

0

1

1

4

4

3

Total Current Liabilities

181

219

41

28

38

166

137

140

46

29

27

42

48

52

43

NON-CURRENT LIABILITIES
8.30% 2022 Notes, net of unamortized debt issuance costs of $2,000 and $1,797, as of December 31, 2017 and June 30, 2018 respectively (Note 7)

48

48

48

48

48

48

50

50

-

0

-

-

-

-

-

Long term debt, net of current portion and unamortized debt issuance costs of $7,119 and $6,438, as of December 31, 2017 and June 30, 2018 respectively (Note 7)

560

575

751

743

761

720

714

667

224

172

181

195

205

231

171

Lease commitments long term, net of unamortized debt issuance costs of $35 and $101, as of December 31, 2017 and June 30, 2018 respectively (Notes 5 and 7)

298

214

225

152

153

75

77

0

-

-

-

-

-

-

-

Excel Vessel Bridge Facility from related parties, non current portion (Note 3 & Note 8)

-

-

-

-

-

-

0

47

-

0

-

-

-

-

-

Derivative liability, non current (Note 18)

-

-

0

0

4

2

3

2

0

0

-

-

-

-

-

Fair value of below market acquired time charter (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other non-current liabilities

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

TOTAL LIABILITIES

1,088

1,057

1,068

974

1,007

1,013

983

907

271

201

209

237

253

283

214

COMMITMENTS & CONTINGENCIES (Note 12)

0

0

0

0

0

0

0

0

-

0

-

0

-

-

0

STOCKHOLDERS' EQUITY
Preferred Stock; $0.01 par value, authorized 25,000,000 shares; none issued or outstanding at December 31, 2017 and June 30, 2018 (Note 8)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common Stock, $0.01 par value, 300,000,000 shares authorized; 64,160,004 and 67,464,739 shares issued and outstanding at December 31, 2017 and June 30, 2018, respectively (Note 8)

0

0

0

0

0

0

2

1

0

0

0

0

0

0

0

Additional paid in capital

2,170

2,123

2,120

2,063

2,010

2,008

2,005

1,567

670

668

521

520

520

520

489

Accumulated other comprehensive income/(loss) (Note 13)

0

0

0

-0

-1

-1

-3

-0

-

0

-

-

-

-

-

Accumulated deficit

-1,017

-1,036

-1,052

-1,026

-954

-872

-519

-414

-406

-402

-402

-404

-92

-86

-2

Total Stockholders' Equity

1,154

1,088

1,068

1,037

1,055

1,135

1,485

1,154

264

266

119

116

427

434

488

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

2,243

2,145

2,136

2,011

2,063

2,148

2,468

2,062

535

468

328

354

681

717

703