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10-K Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 FY 2012
Filing Information
Form Type 10-K
Accession Number 0001104659-13-016817
Period End Date 20121231
Filing Date 20130301
Fiscal Year 2012
Fiscal Period FY
XBRL Instance gnk-20121231.xml
Balance Sheet 91 line items
Line Item Tag Value Unit Period
Vessels, accumulated depreciation AccumulatedDepreciationVessels $464.52M USD Point-in-time
Vessels, accumulated depreciation AccumulatedDepreciationVessels $597.21M USD Point-in-time
Deferred drydock, accumulated amortization AccumulatedDepreciationOfDeferredDrydockCosts $8.09M USD Point-in-time
Deferred drydock, accumulated amortization AccumulatedDepreciationOfDeferredDrydockCosts $11.11M USD Point-in-time
Other assets, accumulated amortization AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts $7.75M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $188.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $227.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $270.88M USD Point-in-time
Other assets, accumulated amortization AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts $13.16M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.60M USD Point-in-time
Due from charterers, net AccountsReceivableNetCurrent $13.69M USD Point-in-time
Fixed assets, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $2.42M USD Point-in-time
Due from charterers, net AccountsReceivableNetCurrent $11.71M USD Point-in-time
Fixed assets, accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $3.31M 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
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.71M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $18.15M USD Point-in-time
Total current assets AssetsCurrent $102.46M 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
Total current assets AssetsCurrent $259.37M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 44.27M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 36.31M shares Point-in-time
Vessels, net of accumulated depreciation of $597,214 and $464,518, respectively VesselsNet $2.66B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 36.31M shares Point-in-time
Vessels, net of accumulated depreciation of $597,214 and $464,518, respectively VesselsNet $2.79B USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 44.27M shares Point-in-time
Deferred drydock, net of accumulated amortization of $8,086 and $11,111, respectively DeferredDrydockCostsNet $6.93M USD Point-in-time
Deferred drydock, net of accumulated amortization of $8,086 and $11,111, respectively DeferredDrydockCostsNet $12.04M USD Point-in-time
Other assets, net of accumulated amortization of $13,162 and $7,749, respectively DeferredFinanceCostsNoncurrentNet $29.56M USD Point-in-time
Other assets, net of accumulated amortization of $13,162 and $7,749, respectively DeferredFinanceCostsNoncurrentNet $17.80M USD Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,311and $2,422, respectively PropertyPlantAndEquipmentNet $5.26M USD Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $3,311and $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 $10.15M USD Point-in-time
Investments AvailableForSaleSecuritiesEquitySecuritiesNoncurrent $20.99M USD Point-in-time
Investments AvailableForSaleSecuritiesEquitySecuritiesNoncurrent $24.47M USD Point-in-time
Total noncurrent assets AssetsNoncurrent $2.74B USD Point-in-time
Total noncurrent assets AssetsNoncurrent $2.86B USD Point-in-time
Total assets Assets $3.12B USD Point-in-time
Total assets Assets $2.84B USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $30.71M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $23.67M USD Point-in-time
Current portion of long-term debt LinesOfCreditCurrent $185.08M USD Point-in-time
Deferred revenue DeferredRevenueAndCreditsCurrent $1.32M USD Point-in-time
Deferred revenue DeferredRevenueAndCreditsCurrent $4.23M USD Point-in-time
Current portion of lease obligations DeferredRentCreditCurrent $682.00K USD Point-in-time
Fair value of derivative instruments DerivativeLiabilitiesCurrent $1.69M USD Point-in-time
Fair value of derivative instruments DerivativeLiabilitiesCurrent $7.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $221.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.68M USD Point-in-time
Long-term lease obligations DeferredRentCreditNoncurrent $1.82M USD Point-in-time
Long-term lease obligations DeferredRentCreditNoncurrent $2.46M USD Point-in-time
Time charters acquired FairMarketValueOfTimeChartersAcquired $418.00K USD Point-in-time
Time charters acquired FairMarketValueOfTimeChartersAcquired $1.16M USD Point-in-time
Fair value of derivative instruments DerivativeLiabilitiesNoncurrent $16.05M USD Point-in-time
Fair value of derivative instruments DerivativeLiabilitiesNoncurrent $23.65M USD Point-in-time
Convertible senior note payable ConvertibleLongTermNotesPayable $110.92M USD Point-in-time
Convertible senior note payable ConvertibleLongTermNotesPayable $106.38M USD Point-in-time
Long-term interest payable InterestPayableNoncurrent $13.20M USD Point-in-time
Long-term debt LongTermLineOfCredit $1.40B USD Point-in-time
Long-term debt LongTermLineOfCredit $1.41B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $1.54B USD Point-in-time
Total noncurrent liabilities LiabilitiesNoncurrent $1.56B USD Point-in-time
Total liabilities Liabilities $1.76B USD Point-in-time
Total liabilities Liabilities $1.58B 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 44,270,273 and 36,307,598 shares at December 31, 2012 and December 31, 2011, respectively CommonStockValue $443.00K USD Point-in-time
Common stock, par value $0.01; 100,000,000 shares authorized; issued and outstanding 44,270,273 and 36,307,598 shares at December 31, 2012 and December 31, 2011, respectively CommonStockValue $363.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $809.44M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $863.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.84M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-17.55M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $13.59M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $359.35M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $214.39M 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 $1.07B USD Point-in-time
Noncontrolling interest MinorityInterest $210.01M USD Point-in-time
Noncontrolling interest MinorityInterest $194.91M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $928.92M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.36B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.35B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.84B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.12B USD Point-in-time
Income Statement 142 line items
Line Item Tag Value Unit Period
Voyage revenues CargoAndFreightRevenue $388.93M USD Annual
Voyage revenues CargoAndFreightRevenue $223.16M USD Annual
Voyage revenues CargoAndFreightRevenue $447.44M USD Annual
Service revenues SalesRevenueServicesNet $3.29M USD Annual
Service revenues SalesRevenueServicesNet $3.29M USD Annual
Service revenues SalesRevenueServicesNet $1.25M USD Annual
Total revenues Revenues $54.43M USD 1 Quarter
Total revenues Revenues $97.14M USD 1 Quarter
Total revenues Revenues $49.25M USD 1 Quarter
Total revenues Revenues $392.21M USD Annual
Total revenues Revenues $99.33M USD 1 Quarter
Total revenues Revenues $448.69M USD Annual
Total revenues Revenues $94.31M USD 1 Quarter
Total revenues Revenues $59.84M USD 1 Quarter
Total revenues Revenues $226.45M USD Annual
Total revenues Revenues $62.93M USD 1 Quarter
Total revenues Revenues $101.43M USD 1 Quarter
Voyage expenses VoyageExpenses $7.01M USD Annual
Voyage expenses VoyageExpenses $4.46M USD Annual
Voyage expenses VoyageExpenses $4.47M USD Annual
Vessel operating expenses DirectOperatingCosts $78.98M USD Annual
Vessel operating expenses DirectOperatingCosts $105.51M USD Annual
Vessel operating expenses DirectOperatingCosts $114.32M USD Annual
General, administrative and management fees GeneralAdministrativeExpenseAndManagementFees $35.67M USD Annual
General, administrative and management fees GeneralAdministrativeExpenseAndManagementFees $33.93M USD Annual
General, administrative and management fees GeneralAdministrativeExpenseAndManagementFees $29.08M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $136.20M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $139.06M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $115.66M USD Annual
Other operating income OtherOperatingIncome $527.00K USD Annual
Other operating income OtherOperatingIncome $791.00K USD Annual
Other operating income OtherOperatingIncome $265.00K USD Annual
Total operating expenses CostsAndExpenses $279.57M USD Annual
Total operating expenses CostsAndExpenses $227.40M USD Annual
Total operating expenses CostsAndExpenses $295.80M USD Annual
Operating (loss) income OperatingIncomeLoss $23.34M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $112.64M USD Annual
Operating (loss) income OperatingIncomeLoss $-12.52M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $33.73M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $-10.43M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $-69.34M USD Annual
Operating (loss) income OperatingIncomeLoss $-20.19M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $-26.20M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $31.62M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $23.95M USD 1 Quarter
Operating (loss) income OperatingIncomeLoss $221.29M USD Annual
Other expense OtherNonoperatingIncomeExpense $-29.00K USD Annual
Other expense OtherNonoperatingIncomeExpense $-77.00K USD Annual
Other expense OtherNonoperatingIncomeExpense $-80.00K USD Annual
Interest income InvestmentIncomeInterest $378.00K USD Annual
Interest income InvestmentIncomeInterest $616.00K USD Annual
Interest income InvestmentIncomeInterest $685.00K USD Annual
Interest expense InterestExpense $72.65M USD Annual
Interest expense InterestExpense $86.72M USD Annual
Interest expense InterestExpense $87.56M USD Annual
Other expense NonoperatingIncomeExpense $-86.19M USD Annual
Other expense NonoperatingIncomeExpense $-87.21M USD Annual
Other expense NonoperatingIncomeExpense $-72.04M USD Annual
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $149.25M USD Annual
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-156.55M USD Annual
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $26.45M USD Annual
Income tax expense IncomeTaxExpenseBenefit $1.39M USD Annual
Income tax expense IncomeTaxExpenseBenefit $1.22M USD Annual
Income tax expense IncomeTaxExpenseBenefit $1.84M USD Annual
Net (loss) income ProfitLoss $9.83M USD 1 Quarter
Net (loss) income ProfitLoss $-48.86M USD 1 Quarter
Net (loss) income ProfitLoss $147.41M USD Annual
Net (loss) income ProfitLoss $-42.04M USD 1 Quarter
Net (loss) income ProfitLoss $25.07M USD Annual
Net (loss) income ProfitLoss $-30.49M USD 1 Quarter
Net (loss) income ProfitLoss $-36.38M USD 1 Quarter
Net (loss) income ProfitLoss $1.42M USD 1 Quarter
Net (loss) income ProfitLoss $12.17M USD 1 Quarter
Net (loss) income ProfitLoss $-157.78M USD Annual
Net (loss) income ProfitLoss $1.65M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $6.17M USD Annual
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-2.75M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $1.34M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-1.25M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.20M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-262.00K USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.59M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-12.85M USD Annual
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-318.00K USD Annual
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-3.31M USD 1 Quarter
Less: Net (loss) income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-145.00K USD 1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $-45.67M USD 1 Quarter
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 $141.24M USD Annual
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $25.39M USD Annual
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $-144.93M USD Annual
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $13.43M USD 1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $-33.07M USD 1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $308.00K USD 1 Quarter
Net (loss) income attributable to Genco Shipping & Trading Limited NetIncomeLossAvailableToCommonStockholdersBasic $-38.45M USD 1 Quarter
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 $1.56M USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $0.04 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $0.72 USD Annual
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 $-3.47 USD Annual
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $-0.90 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $-0.87 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $0.01 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $-1.06 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $4.28 USD Annual
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $0.38 USD 1 Quarter
Net (loss) income per share-basic (in dollars per share) EarningsPerShareBasic $-0.65 USD 1 Quarter
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $0.38 USD 1 Quarter
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $0.04 USD 1 Quarter
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $-3.47 USD Annual
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $-0.87 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 $4.07 USD Annual
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $-1.06 USD 1 Quarter
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $-0.90 USD 1 Quarter
Net (loss) income per share-diluted (in dollars per share) EarningsPerShareDiluted $0.01 USD 1 Quarter
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 $0.72 USD Annual
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.88M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 42.89M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 41.73M shares Annual
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.16M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 32.99M shares Annual
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.14M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 38.09M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.15M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.18M shares Annual
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 43.03M shares 1 Quarter
Weighted average common shares outstanding-basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.27M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.40M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.20M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.22M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.89M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.22M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.89M shares Annual
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 42.88M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 41.73M shares Annual
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 43.03M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 38.09M shares 1 Quarter
Weighted average common shares outstanding-diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.26M shares Annual
Dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared - USD Annual
Cash Flow Statement 98 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $9.83M USD 1 Quarter
Net (loss) income ProfitLoss $-48.86M USD 1 Quarter
Net (loss) income ProfitLoss $147.41M USD Annual
Net (loss) income ProfitLoss $-42.04M USD 1 Quarter
Net (loss) income ProfitLoss $25.07M USD Annual
Net (loss) income ProfitLoss $-30.49M USD 1 Quarter
Net (loss) income ProfitLoss $-36.38M USD 1 Quarter
Net (loss) income ProfitLoss $1.42M USD 1 Quarter
Net (loss) income ProfitLoss $12.17M USD 1 Quarter
Net (loss) income ProfitLoss $-157.78M USD Annual
Net (loss) income ProfitLoss $1.65M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $136.20M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $139.06M USD Annual
Depreciation and amortization DepreciationDepletionAndAmortization $115.66M USD Annual
Amortization of deferred financing costs AmortizationOfFinancingCosts $5.41M USD Annual
Amortization of deferred financing costs AmortizationOfFinancingCosts $1.97M USD Annual
Amortization of deferred financing costs AmortizationOfFinancingCosts $3.19M USD Annual
Amortization of time charters acquired RecognitionOfDeferredRevenue $4.56M USD Annual
Amortization of time charters acquired RecognitionOfDeferredRevenue $746.00K USD Annual
Amortization of time charters acquired RecognitionOfDeferredRevenue $1.61M USD Annual
Amortization of discount on Convertible Senior Notes AmortizationOfDebtDiscountPremium $1.68M USD Annual
Amortization of discount on Convertible Senior Notes AmortizationOfDebtDiscountPremium $4.07M USD Annual
Amortization of discount on Convertible Senior Notes AmortizationOfDebtDiscountPremium $4.54M USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $51.00K USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $66.00K USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $100.00K USD Annual
Amortization of nonvested stock compensation expense ShareBasedCompensation $8.34M USD Annual
Amortization of nonvested stock compensation expense ShareBasedCompensation $5.86M USD Annual
Amortization of nonvested stock compensation expense ShareBasedCompensation $7.22M USD Annual
Decrease (increase) in due from charterers IncreaseDecreaseInAccountsReceivable $4.89M USD Annual
Decrease (increase) in due from charterers IncreaseDecreaseInAccountsReceivable $-1.97M USD Annual
Decrease (increase) in due from charterers IncreaseDecreaseInAccountsReceivable $6.68M USD Annual
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets $3.72M USD Annual
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets $3.80M USD Annual
Increase in prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets $437.00K USD Annual
Increase in other noncurrent assets IncreaseDecreaseInOtherNoncurrentAssets $514.00K USD Annual
(Decrease) increase in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-4.88M USD Annual
(Decrease) increase in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $10.05M USD Annual
(Decrease) increase in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.09M USD Annual
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-2.90M USD Annual
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-6.14M USD Annual
Decrease in deferred revenue IncreaseDecreaseInDeferredRevenue $-2.46M USD Annual
Increase (decrease) in lease obligations IncreaseDecreaseInOtherDeferredLiability $-30.00K USD Annual
Increase (decrease) in lease obligations IncreaseDecreaseInOtherDeferredLiability $1.32M USD Annual
Increase (decrease) in lease obligations IncreaseDecreaseInOtherDeferredLiability $1.17M USD Annual
Deferred drydock costs incurred DeferredDrydockCostsIncurred $-4.01M USD Annual
Deferred drydock costs incurred DeferredDrydockCostsIncurred $-3.71M USD Annual
Deferred drydock costs incurred DeferredDrydockCostsIncurred $-10.17M USD Annual
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $158.18M USD Annual
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $262.68M USD Annual
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-18.83M USD Annual
Purchase of vessels PaymentsToAcquireVessels $1.16M USD Annual
Purchase of vessels PaymentsToAcquireVessels $971.20M USD Annual
Purchase of vessels PaymentsToAcquireVessels $130.33M USD Annual
Deposits on vessels PaymentsForProceedsFromOtherDeposits $13.70M USD Annual
Changes in deposits of restricted cash IncreaseDecreaseInRestrictedCash $400.00K USD Annual
Changes in deposits of restricted cash IncreaseDecreaseInRestrictedCash $750.00K USD Annual
Changes in deposits of restricted cash IncreaseDecreaseInRestrictedCash $-8.50M USD Annual
Proceeds from sale of vessels ProceedsFromSaleOfVessels $106.56M USD Annual
Purchase of other fixed assets PaymentsToAcquireOtherProductiveAssets $380.00K USD Annual
Purchase of other fixed assets PaymentsToAcquireOtherProductiveAssets $2.29M USD Annual
Purchase of other fixed assets PaymentsToAcquireOtherProductiveAssets $2.11M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-3.67M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-870.23M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-133.37M USD Annual
Repayments on the 2007 Credit Facility RepaymentsOfLinesOfCredit $50.00M USD Annual
Repayments on the 2007 Credit Facility RepaymentsOfLinesOfCredit $102.50M USD Annual
Repayments on the 2007 Credit Facility RepaymentsOfLinesOfCredit $118.59M USD Annual
Proceeds from the Baltic Trading 2010 Credit Facility ProceedsFromLinesOfCredit $101.25M USD Annual
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $50.72M USD Annual
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $55.20M USD Annual
Payment of common stock issuance costs PaymentsOfStockIssuanceCosts $318.00K USD Annual
Payment of common stock issuance costs PaymentsOfStockIssuanceCosts $847.00K USD Annual
Proceeds from issuance of Convertible Senior Notes ProceedsFromConvertibleDebt $125.00M USD Annual
Payment of Convertible Senior Notes issuance costs PaymentsOfConvertibleSeniorNoteIssuanceCosts $51.00K USD Annual
Payment of Convertible Senior Notes issuance costs PaymentsOfConvertibleSeniorNoteIssuanceCosts $867.00K USD Annual
Proceeds from issuance of common stock by subsidiary ProceedsFromMinorityShareholders $214.51M USD Annual
Payment of subsidiary common stock issuance costs PaymentsOfStockIssuanceCostsOfMinorityShareholders $3.72M USD Annual
Payment of dividend by subsidiary PaymentsOfDividendsBySubsidiary $4.08M USD Annual
Payment of dividend by subsidiary PaymentsOfDividendsBySubsidiary $5.37M USD Annual
Payment of dividend by subsidiary PaymentsOfDividendsBySubsidiary $7.60M USD Annual
Payment of deferred financing costs PaymentsOfFinancingCosts $4.08M USD Annual
Payment of deferred financing costs PaymentsOfFinancingCosts $11.21M USD Annual
Payment of deferred financing costs PaymentsOfFinancingCosts $4.14M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $690.16M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-67.72M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-132.87M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $82.61M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-42.91M USD Annual
Net (decrease) increase in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-155.37M USD Annual
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $188.27M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $227.97M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $270.88M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $72.60M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $188.27M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $227.97M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $270.88M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $72.60M USD Point-in-time
Stockholders Equity 46 line items
Line Item Tag Value Unit Period
Issuance of common stock StockIssuedDuringPeriodSharesNewIssues 7.50M shares Annual
Issuance of common stock StockIssuedDuringPeriodSharesNewIssues 7.50M shares Point-in-time
Issuance of common stock StockIssuedDuringPeriodSharesNewIssues 3.59M shares Annual
Issuance of common stock StockIssuedDuringPeriodSharesNewIssues 3.59M shares Point-in-time
Issuance of shares of nonvested stock StockIssuedDuringPeriodSharesShareBasedCompensation 514,650.00 shares Annual
Issuance of shares of nonvested stock StockIssuedDuringPeriodSharesShareBasedCompensation 357,500.00 shares Annual
Issuance of shares of nonvested stock StockIssuedDuringPeriodSharesShareBasedCompensation 464,175.00 shares Annual
Issuance of shares of nonvested stock, forfeitures ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod 1,500.00 shares Annual
Issuance of shares of nonvested stock, forfeitures ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod 1,100.00 shares Annual
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $928.92M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.36B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.35B USD Point-in-time
Net income (loss) ProfitLoss $9.83M USD 1 Quarter
Net income (loss) ProfitLoss $-48.86M USD 1 Quarter
Net income (loss) ProfitLoss $147.41M USD Annual
Net income (loss) ProfitLoss $-42.04M USD 1 Quarter
Net income (loss) ProfitLoss $25.07M USD Annual
Net income (loss) ProfitLoss $-30.49M USD 1 Quarter
Net income (loss) ProfitLoss $-36.38M USD 1 Quarter
Net income (loss) ProfitLoss $1.42M USD 1 Quarter
Net income (loss) ProfitLoss $12.17M USD 1 Quarter
Net income (loss) ProfitLoss $-157.78M USD Annual
Net income (loss) ProfitLoss $1.65M USD 1 Quarter
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-30.25M USD Annual
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-17.47M USD Annual
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-3.48M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $9.19M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $17.91M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-1.33M USD Annual
Issuance of 7,500,000 and 3,593,750 shares of common stock for the year ended December 31, 2012 and 2010, respectively StockIssuedDuringPeriodValueNewIssues $49.87M USD Annual
Issuance of 7,500,000 and 3,593,750 shares of common stock for the year ended December 31, 2012 and 2010, respectively StockIssuedDuringPeriodValueNewIssues $49.87M USD Point-in-time
Issuance of 7,500,000 and 3,593,750 shares of common stock for the year ended December 31, 2012 and 2010, respectively StockIssuedDuringPeriodValueNewIssues $54.88M USD Annual
Issuance of 7,500,000 and 3,593,750 shares of common stock for the year ended December 31, 2012 and 2010, respectively StockIssuedDuringPeriodValueNewIssues $54.88M USD Point-in-time
Issuance of convertible senior notes IssuanceOfConvertibleSeniorNotes $23.46M USD Annual
Nonvested stock amortization AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.86M USD Annual
Nonvested stock amortization AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $8.34M USD Annual
Nonvested stock amortization AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.22M USD Annual
Cash dividends paid by Baltic Trading Limited DividendsCashPaidBySubsidiary $4.08M USD Annual
Cash dividends paid by Baltic Trading Limited DividendsCashPaidBySubsidiary $7.60M USD Annual
Cash dividends paid by Baltic Trading Limited DividendsCashPaidBySubsidiary $5.37M USD Annual
Issuance of common stock of Baltic Trading Limited MinorityInterestIncreaseFromStockIssuance $210.43M USD Annual
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $928.92M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.36B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.26B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.35B USD Point-in-time
Comprehensive Income 29 line items
Line Item Tag Value Unit Period
Net (loss) income ProfitLoss $9.83M USD 1 Quarter
Net (loss) income ProfitLoss $-48.86M USD 1 Quarter
Net (loss) income ProfitLoss $147.41M USD Annual
Net (loss) income ProfitLoss $-42.04M USD 1 Quarter
Net (loss) income ProfitLoss $25.07M USD Annual
Net (loss) income ProfitLoss $-30.49M USD 1 Quarter
Net (loss) income ProfitLoss $-36.38M USD 1 Quarter
Net (loss) income ProfitLoss $1.42M USD 1 Quarter
Net (loss) income ProfitLoss $12.17M USD 1 Quarter
Net (loss) income ProfitLoss $-157.78M USD Annual
Net (loss) income ProfitLoss $1.65M USD 1 Quarter
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-30.25M USD Annual
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-17.47M USD Annual
Change in unrealized gain on investments OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-3.48M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $9.19M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $17.91M USD Annual
Unrealized gain (loss) on cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-1.33M USD Annual
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $5.71M USD Annual
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-12.34M USD Annual
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-18.80M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-152.07M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $12.73M USD Annual
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $128.61M USD Annual
Less: Comprehensive (loss) income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $6.17M USD Annual
Less: Comprehensive (loss) income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-318.00K USD Annual
Less: Comprehensive (loss) income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-12.85M USD Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited ComprehensiveIncomeNetOfTax $-139.22M USD Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited ComprehensiveIncomeNetOfTax $13.05M USD Annual
Comprehensive (loss) income attributable to Genco Shipping & Trading Limited ComprehensiveIncomeNetOfTax $122.44M USD Annual

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

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