10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-056538`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	gnk-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 89 Cash Flow Statement 66 Stockholders Equity 32 Comprehensive Income 28

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$806.00K	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$906.00K	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$464.52M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$530.42M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$11.11M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$7.49M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$7.75M	USD	Point-in-time
Other assets, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$9.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$286.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.42M	USD	Point-in-time
Due from charterers, net of a reserve of $806 and $906, respectively	`AccountsReceivableNetCurrent`	$10.96M	USD	Point-in-time
Due from charterers, net of a reserve of $806 and $906, respectively	`AccountsReceivableNetCurrent`	$13.69M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.32M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	43.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$259.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$274.29M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	36.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	36.31M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	43.82M	shares	Point-in-time
Vessels, net of accumulated depreciation of $530,418 and $464,518, respectively	`VesselsNet`	$2.79B	USD	Point-in-time
Vessels, net of accumulated depreciation of $530,418 and $464,518, respectively	`VesselsNet`	$2.73B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $7,489 and $11,111, respectively	`DeferredDrydockCostsNet`	$6.93M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $7,489 and $11,111, respectively	`DeferredDrydockCostsNet`	$11.81M	USD	Point-in-time
Other assets, net of accumulated amortization of $9,708 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$17.80M	USD	Point-in-time
Other assets, net of accumulated amortization of $9,708 and $7,749, respectively	`DeferredFinanceCostsNoncurrentNet`	$15.91M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,847 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.48M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $2,847 and $2,422, respectively	`PropertyPlantAndEquipmentNet`	$5.59M	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Other noncurrent assets	`DepositsAssetsNoncurrent`	$514.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$9.75M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$27.39M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$24.47M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.80B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$2.86B	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Total assets	`Assets`	$3.12B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.68M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$30.71M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$220.77M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$185.08M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$4.23M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$3.27M	USD	Point-in-time
Current portion of lease obligations	`DeferredRentCreditCurrent`	$680.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$1.69M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$250.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$221.70M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.82M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.75M	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$793.00K	USD	Point-in-time
Time charters acquired	`FairMarketValueOfTimeChartersAcquired`	$1.16M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$19.23M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeLiabilitiesNoncurrent`	$23.65M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$106.38M	USD	Point-in-time
Convertible senior note payable	`ConvertibleLongTermNotesPayable`	$108.57M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.34B	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$1.40B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.47B	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.72B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.76B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 43,822,598 and 36,307,598 shares at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$363.00K	USD	Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 43,822,598 and 36,307,598 shares at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$438.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$809.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$861.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$298.49M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$210.01M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$201.88M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.12B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time

Income Statement 89 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$62.11M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$98.51M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$121.14M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$199.13M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$819.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$1.63M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$1.64M	USD	2 Qtrs
Total revenues	`Revenues`	$200.76M	USD	2 Qtrs
Total revenues	`Revenues`	$122.78M	USD	2 Qtrs
Total revenues	`Revenues`	$62.93M	USD	1 Quarter
Total revenues	`Revenues`	$99.33M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$995.00K	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$894.00K	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$-74.00K	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$2.40M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$29.52M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$50.26M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$57.35M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$25.46M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.30M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$17.06M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$8.36M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$17.15M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.92M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.11M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$135.41M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$145.73M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$73.36M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$67.71M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$31.62M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-22.95M	USD	2 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$65.35M	USD	2 Qtrs
Operating (loss) income	`OperatingIncomeLoss`	$-10.43M	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-111.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-56.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$20.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$4.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$148.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$163.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$303.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$335.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$19.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.86M	USD	2 Qtrs
Interest expense	`InterestExpense`	$21.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$43.61M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-43.31M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-42.64M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-19.72M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-21.43M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-66.26M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.18M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.71M	USD	2 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-30.15M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$355.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$343.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$615.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$714.00K	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$22.00M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$9.83M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.75M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-262.00K	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.52M	USD	2 Qtrs
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.74M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$23.52M	USD	2 Qtrs
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$10.09M	USD	1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-60.84M	USD	2 Qtrs
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-1.50	USD	2 Qtrs
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$-0.65	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Net (loss) income per share-basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	2 Qtrs
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	2 Qtrs
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.65	USD	1 Quarter
Net (loss) income per share-diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.50	USD	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.48M	shares	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	1 Quarter
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.15M	shares	2 Qtrs
Weighted average common shares outstanding-basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.88M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.88M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.48M	shares	2 Qtrs
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.20M	shares	1 Quarter
Weighted average common shares outstanding-diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.21M	shares	2 Qtrs
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$22.00M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$9.83M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$68.92M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$67.11M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$979.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.57M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$793.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.96M	USD	2 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$969.00K	USD	2 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$185.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$496.00K	USD	1 Quarter
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$371.00K	USD	2 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$1.95M	USD	2 Qtrs
Amortization of discount on Convertible Senior Notes	`AmortizationOfDebtDiscountPremium`	$2.19M	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$46.00K	USD	2 Qtrs
Unrealized gain on derivative instruments	`UnrealizedGainLossOnDerivatives`	$19.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$3.12M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$4.52M	USD	2 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-2.73M	USD	2 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$66.00K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-391.00K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$2.17M	USD	2 Qtrs
Increase in other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$514.00K	USD	2 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.91M	USD	2 Qtrs
Decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.82M	USD	2 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.41M	USD	2 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-960.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$607.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$576.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-1.80M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$-7.19M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$558.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$82.97M	USD	2 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$67.17M	USD	2 Qtrs
Purchase of vessels	`PaymentsToAcquireVessels`	$814.00K	USD	2 Qtrs
Deposits on vessels	`PaymentsForProceedsFromOtherDeposits`	$117.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$277.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.84M	USD	2 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$750.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-68.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.65M	USD	2 Qtrs
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$25.00M	USD	2 Qtrs
Repayments on the 2007 Credit Facility	`RepaymentsOfLinesOfCredit`	$12.50M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$50.72M	USD	2 Qtrs
Payment of common stock issuance costs	`PaymentsOfStockIssuanceCosts`	$847.00K	USD	2 Qtrs
Payment of Convertible Senior Notes issuance costs	`PaymentsOfConvertibleSeniorNoteIssuanceCosts`	$51.00K	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$3.89M	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$3.06M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$175.00K	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$328.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$706.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$20.14M	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$15.35M	USD	2 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$18.05M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$286.23M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$246.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$227.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$286.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$270.88M	USD	Point-in-time

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodSharesNewIssues`	7.50M	shares	Point-in-time
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	2 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	15,000.00	shares	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$22.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$9.83M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.26M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.69M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.92M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.90M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.12M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.92M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$712.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.87M	USD	2 Qtrs
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	Point-in-time
Issuance of 7,500,000 shares of common stock	`StockIssuedDuringPeriodValueNewIssues`	$49.87M	USD	2 Qtrs
Issuance of 15,000 shares of nonvested stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Issuance of 15,000 shares of nonvested stock	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	2 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.12M	USD	2 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.52M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$3.89M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$3.06M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.35B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.36B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$22.00M	USD	2 Qtrs
Net (loss) income	`ProfitLoss`	$9.83M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-30.49M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-66.88M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.26M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.69M	USD	1 Quarter
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.92M	USD	2 Qtrs
Change in unrealized gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.90M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.12M	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.92M	USD	2 Qtrs
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$712.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$4.87M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$7.79M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-4.35M	USD	2 Qtrs
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.78M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-11.98M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$17.65M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-59.09M	USD	2 Qtrs
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.15M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-33.27M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-262.00K	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.52M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-6.04M	USD	2 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.75M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-1.89M	USD	1 Quarter
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-53.05M	USD	2 Qtrs
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$19.17M	USD	2 Qtrs
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-30.52M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.