Seanergy maritime holdings corp. (SHIP)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Vessel revenue - related party

-

-

-

-

-

8,221

35,684

44,175

-

Vessel revenue - related party

-

-

-

-

-

-

-

-

83,903

Vessel revenue

77,710

35,983

11,661

2,075

23,838

49,026

71,555

54,777

6,340

Commissions - related party

-

-

-

-

-

298

1,327

1,546

2,226

Commissions

2,876

1,321

438

65

759

1,333

1,852

1,550

120

Vessel revenue, net

74,834

34,662

11,223

-

-

-

-

-

-

Vessel revenue, net

-

-

-

2,010

23,079

55,616

104,060

95,856

87,897

Expenses:
Voyage expenses

34,949

21,008

7,496

1,274

8,035

13,587

-

-

-

Direct voyage expences

-

-

-

-

-

-

2,541

2,399

753

Vessel operating expenses

19,598

14,251

5,639

1,006

11,086

26,983

34,727

30,667

16,222

Voyage expenses - related party

-

-

-

24

313

532

661

434

1,119

Management fees - related party

-

-

-

122

743

1,625

2,415

2,328

1,715

Management fees

1,016

895

336

0

194

588

576

316

0

General and administration expenses

5,081

4,134

2,804

2,987

3,966

6,337

-

-

-

General and administration expenses - related party

0

0

70

309

412

402

-

-

-

General and administration expenses

-

-

-

-

-

-

8,070

7,606

5,928

General and administration expenses - related party

-

-

-

-

-

-

603

697

742

Loss on bad debts

0

0

30

38

0

327

0

0

-

Amortization of deferred dry-docking costs

870

556

38

0

232

3,648

7,313

3,657

1,045

Depreciation

10,518

8,531

1,865

3

982

15,606

28,856

29,328

26,812

Gain on restructuring

-

-

-

85,563

-

-

-

-

-

Loss on sale of vessels

-

-

-

-

-

-15,590

0

0

-

Impairment loss for vessels and deferred charges

-

-

-

-

3,564

147,143

188,995

0

0

Impairment loss for goodwill

-

-

-

-

-

4,365

12,910

0

0

Gain on disposal of subsidiaries

-

-

-

-

25,719

0

0

-

-

Gain on restructuring

-

-

-

-

0

0

-

-

-

Gain from acquisition of subsidiary

-

-

-

-

-

-

-

-

6,813

Operating income/ (loss)

2,802

-14,713

-7,055

81,810

19,271

-181,117

-183,607

18,424

40,374

Other income / (expenses), net:
Interest and finance costs

12,277

7,235

1,460

1,463

8,389

12,480

13,482

12,931

7,230

Interest and finance costs - related party

5,122

2,616

399

0

0

-

-

-

-

Gain on debt refinancing

11,392

0

0

-

-

-

-

-

-

Interest and other income

47

20

0

14

-

-

-

-

-

Interest finance costs - shareholders

-

-

-

-

-

-

-

-

-386

Interest income

-

-

-

-

13

59

60

358

430

Loss on interest rate swaps

-

-

-

-

8

189

641

4,164

1,575

Foreign currency exchange losses, net

-77

-45

-42

-13

19

-43

-

-

-

Foreign currency exchange gains (losses), net

-

-

-

-

-

-

-46

14

-44

Total other expenses, net

-6,037

-9,876

-1,901

-1,462

-8,365

-12,653

-14,109

-16,723

-8,805

Net loss before income taxes

-3,235

-24,589

-8,956

80,348

10,906

-193,770

-

-

-

Income taxes

0

34

0

0

-

-

-

-

-

Income / (loss) before taxes

-

-

-

-

-

-

-197,716

1,701

31,569

Income tax benefit

-

-

-

-

-1

-2

40

60

0

Less: Net income attributable to the noncontrolling interest

-

-

-

-

-

-

-

1,509

1,517

Net loss

-3,235

-24,623

-8,956

80,348

10,907

-

-

132

30,052

Net (loss) / income

-

-

-

-

-

-193,768

-197,756

1,641

31,569

Net loss per common share
Basic (in dollars per share)

-0.09

-1.20

-0.83

-

-

-

-

-

17.42

Basic and diluted (in dollars per share)

-

-

-

30.06

4.56

-16.74

-27.04

0.02

-

Weighted average common shares outstanding
Diluted

-

-

-

-

-

-

-

-

14.77

Basic (in shares)

35,845

20,553

10,773

2,672

2,391

11,576

7,314

-

1,725

Diluted (in shares)

-

-

-

2,672

2,391

11,576

7,314

-

2,035