10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-078766`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	gnk-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 83 Cash Flow Statement 60 Stockholders Equity 25 Comprehensive Income 19

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.48M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.62M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Due from charterers, net of a reserve of $1,217 and $1,588, respectively	`AccountsReceivableNetCurrent`	$14.74M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$36.26M	USD	Point-in-time
Due from charterers, net of a reserve of $1,217 and $1,588, respectively	`AccountsReceivableNetCurrent`	$14.14M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$90.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.42M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$2.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.50M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$330.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$130.33M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$729.00K	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$2.42M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$319.00K	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.00K	USD	Point-in-time
Vessels, net of accumulated depreciation of $90,104 and $36,258, respectively	`VesselsNet`	$1.53B	USD	Point-in-time
Vessels, net of accumulated depreciation of $90,104 and $36,258, respectively	`VesselsNet`	$1.50B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$25.59M	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$10.18M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $2,196 and $330, respectively	`DeferredDrydockCostsNet`	$14.66M	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $2,196 and $330, respectively	`DeferredDrydockCostsNet`	$6.23M	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
Deferred financing costs, net of accumulated amortization of $2,417 and $729, respectively	`DeferredFinanceCostsNoncurrentNet`	$10.95M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $2,417 and $729, respectively	`DeferredFinanceCostsNoncurrentNet`	$10.27M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $319 and $119, respectively	`PropertyPlantAndEquipmentNet`	$701.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $319 and $119, respectively	`PropertyPlantAndEquipmentNet`	$1.11M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.90M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	61.54M	shares	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`	$315.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	61.54M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.90M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$19.95M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$26.49M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$17.90M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.56B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.62B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$1.65B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$33.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.32M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$44.24M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$63.94M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$969.00K	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$390.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$395.81M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$418.04M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$419.00M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$396.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$460.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$498.16M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Successor Company common stock, par value $0.01; 250,000,000 shares authorized; issued and outstanding 72,898,234 and 61,541,389 shares at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$728.00K	USD	Point-in-time
Successor Company common stock, par value $0.01; 250,000,000 shares authorized; issued and outstanding 72,898,234 and 61,541,389 shares at September 30, 2015 and December 31, 2014, respectively	`CommonStockValue`	$615.00K	USD	Point-in-time
Successor company additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.25B	USD	Point-in-time
Successor company additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-327.69M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-182.29M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.15B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$248.57M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.48B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.15B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$116.55M	USD	3 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$43.94M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$49.17M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$828.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$756.00K	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$2.46M	USD	3 Qtrs
Total revenues	`Revenues`	$119.00M	USD	3 Qtrs
Total revenues	`Revenues`	$49.99M	USD	1 Quarter
Total revenues	`Revenues`	$44.70M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$6.64M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$2.33M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$14.78M	USD	3 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$90.14M	USD	3 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$27.25M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$31.54M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$73.80M	USD	3 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$26.98M	USD	1 Quarter
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$15.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.36M	USD	1 Quarter
Other operating income	`OtherOperatingIncome`	$296.00K	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$35.40M	USD	3 Qtrs
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-1.21M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$85.29M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$274.25M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$62.13M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.44M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-155.25M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-35.29M	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$32.54M	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$32.54M	USD	3 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$7.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-653.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-707.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$71.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$19.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.89M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.59M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.88M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-47.06M	USD	3 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-3.57M	USD	1 Quarter
Other expense	`NonoperatingIncomeExpense`	$-38.04M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-21.00M	USD	1 Quarter
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-202.31M	USD	3 Qtrs
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-73.34M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$1.17M	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$174.00K	USD	1 Quarter
Reorganization items, net	`ReorganizationItems`	$1.01M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-73.51M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-22.17M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-203.31M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.55M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$393.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$292.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-204.87M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.27M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-59.47M	USD	3 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-31.06M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.18M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-66.62M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-182.29M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-145.40M	USD	3 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-18.29M	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.95	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.30	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-2.29	USD	3 Qtrs
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-2.29	USD	3 Qtrs
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.95	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.82M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.62M	shares	3 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.30M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.82M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	63.62M	shares	3 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.30M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-204.87M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$58.93M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$20.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.36M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$384.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$637.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.69M	USD	3 Qtrs
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$-434.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$7.87M	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$36.67M	USD	3 Qtrs
Impairment of vessel assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$35.40M	USD	3 Qtrs
Loss on disposal of vessels	`NoncashLossOnDispositionOfVessels`	$900.00K	USD	3 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	-	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$32.54M	USD	1 Quarter
Impairment of investment	`ImpairmentOfInvestments`	$32.54M	USD	3 Qtrs
Realized loss on sale of investment	`GainLossOnSaleOfInvestments`	$-662.00K	USD	3 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-600.00K	USD	3 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$2.40M	USD	1 Quarter
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$89.00K	USD	3 Qtrs
(Increase) decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-5.52M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.00M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.27M	USD	3 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-104.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-381.00K	USD	3 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$579.00K	USD	3 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$186.00K	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$2.98M	USD	1 Quarter
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$10.29M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-24.29M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-39.39M	USD	3 Qtrs
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$918.00K	USD	1 Quarter
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$46.13M	USD	3 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.00K	USD	1 Quarter
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$586.00K	USD	3 Qtrs
Sale of AFS securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$688.00K	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-19.63M	USD	3 Qtrs
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-125.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.40M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-823.00K	USD	1 Quarter
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$512.00K	USD	1 Quarter
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$375.00K	USD	1 Quarter
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$748.00K	USD	3 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$471.00K	USD	1 Quarter
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$4.54M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.34M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$26.85M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-29.46M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-38.94M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$106.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$106.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	11.29M	shares	3 Qtrs
Issuance of shares of nonvested stock	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.11M	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.48B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.15B	USD	Point-in-time
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-204.87M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$26.34M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	3 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-13.34M	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$26.34M	USD	1 Quarter
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$25.30M	USD	3 Qtrs
Unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.34M	USD	1 Quarter
Settlement of non-accredited Note holders	`CashSettlementOfNonAccreditedNoteHolders`	$414.00K	USD	3 Qtrs
Equity effect of purchase of entities under common control	`AdjustmentToPaidInCapitalEffectOfPurchaseOfCommonControlEntities`	$590.00K	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.67M	USD	3 Qtrs
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.87M	USD	1 Quarter
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$512.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.48B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.15B	USD	Point-in-time

Comprehensive Income 19 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-204.87M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Change in unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$26.34M	USD	1 Quarter
Change in unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$25.30M	USD	3 Qtrs
Change in unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-13.34M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$26.34M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-13.34M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-179.57M	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-47.46M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-35.90M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-59.47M	USD	3 Qtrs
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-7.18M	USD	1 Quarter
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.27M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-31.63M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-40.28M	USD	1 Quarter
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-120.10M	USD	3 Qtrs

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