10-K Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001104659-16-105221`
Period End Date	20151231
Filing Date	20160315
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	gnk-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 111 Cash Flow Statement 62 Stockholders Equity 26 Comprehensive Income 18

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$108.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$36.26M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$3.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.75M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$330.00K	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$3.11M	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$729.00K	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$10.59M	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$14.74M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.42M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.37M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$404.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$172.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$130.33M	USD	Point-in-time
Vessels, net of accumulated depreciation of $107,998 and $36,258, respectively	`VesselsNet`	$1.53B	USD	Point-in-time
Vessels, net of accumulated depreciation of $107,998 and $36,258, respectively	`VesselsNet`	$1.51B	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	-	USD	Point-in-time
Deposits on vessels	`DepositsAssets`	$25.59M	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 drydock, net of accumulated amortization of $3,207 and $330, respectively	`DeferredDrydockCostsNet`	$16.18M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $3,207 and $330, respectively	`DeferredDrydockCostsNet`	$6.23M	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $3,107 and $729, respectively	`DeferredFinanceCostsNoncurrentNet`	$10.27M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	72.90M	shares	Point-in-time
Deferred financing costs, net of accumulated amortization of $3,107 and $729, respectively	`DeferredFinanceCostsNoncurrentNet`	$12.71M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	61.54M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	61.54M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $404 and $119, respectively	`PropertyPlantAndEquipmentNet`	$701.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	72.90M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $404 and $119, respectively	`PropertyPlantAndEquipmentNet`	$1.29M	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`	$19.95M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$12.33M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$26.49M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.62B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.55B	USD	Point-in-time
Total assets	`Assets`	$1.72B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.22M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.47M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.32M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$588.43M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.06M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$616.96M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$63.94M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.15M	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
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.15M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$396.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$618.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$460.14M	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 December 31, 2015 and 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 December 31, 2015 and 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`	$-21.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-182.29M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-377.19M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$248.57M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time

Income Statement 111 line items

Line Item	Tag	Value	Unit	Period
Voyage revenues	`CargoAndFreightRevenue`	$98.82M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$49.17M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$54.87M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$33.77M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$150.78M	USD	Annual
Voyage revenues	`CargoAndFreightRevenue`	$34.24M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$33.61M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$43.94M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$3.17M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$1.58M	USD	2 Qtrs
Total revenues	`Revenues`	$153.96M	USD	Annual
Total revenues	`Revenues`	$100.40M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$20.26M	USD	Annual
Voyage expenses	`VoyageExpenses`	$7.53M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$122.01M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$56.94M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$36.91M	USD	2 Qtrs
General, administrative, and management fees	`GeneralAdministrativeExpenseAndManagementFees`	$83.90M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.71M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.56M	USD	Annual
Other operating income	`OtherOperatingIncome`	$530.00K	USD	2 Qtrs
Other operating income	`OtherOperatingIncome`	-	USD	Annual
Impairment of vessel assets	`AssetImpairmentCharges`	$32.54M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$39.89M	USD	Annual
Impairment of vessel assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$346.83M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$303.63M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-73.76M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-17.44M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-185.80M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-46.19M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-37.62M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-192.87M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-35.29M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-203.23M	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	-	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$37.88M	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$36.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-796.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$110.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$46.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.03M	USD	Annual
Interest expense	`InterestExpense`	$7.62M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-7.54M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-58.59M	USD	Annual
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-210.77M	USD	2 Qtrs
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-251.46M	USD	Annual
Reorganization items, net	`ReorganizationItems`	$1.59M	USD	2 Qtrs
Reorganization items, net	`ReorganizationItems`	$1.08M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-252.55M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-212.36M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.82M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$996.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-190.79M	USD	1 Quarter
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-31.06M	USD	2 Qtrs
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-59.47M	USD	Annual
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-7.18M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-26.79M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-40.67M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-11.62M	USD	1 Quarter
Less: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.27M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-38.44M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-18.29M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.33M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-164.00M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-194.90M	USD	Annual
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-182.29M	USD	2 Qtrs
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-49.50M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-66.62M	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.64	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.69	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-0.67	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`	$-2.72	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-2.96	USD	Annual
Net loss per share-basic	`EarningsPerShareBasic`	$-3.02	USD	2 Qtrs
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.67	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-2.72	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.30	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.95	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.64	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-0.69	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-3.02	USD	2 Qtrs
Net loss per share-diluted	`EarningsPerShareDiluted`	$-2.96	USD	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	69.82B	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.43B	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.30B	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.36M	shares	2 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	72.17B	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.49B	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.83M	shares	Annual
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	60.42B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.43B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.42B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.49B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.83M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.30B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	72.17B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	69.82B	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	60.36M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-190.79M	USD	1 Quarter
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.71M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.56M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$845.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.38M	USD	Annual
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$-450.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$42.14M	USD	Annual
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$20.41M	USD	2 Qtrs
Impairment of vessel assets	`AssetImpairmentCharges`	$32.54M	USD	1 Quarter
Impairment of vessel assets	`AssetImpairmentCharges`	$39.89M	USD	Annual
Impairment of vessel assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Loss on disposal of vessels	`NoncashLossOnDispositionOfVessels`	$900.00K	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	-	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$37.88M	USD	Annual
Realized loss on sale of investment	`GainLossOnSaleOfInvestments`	$-724.00K	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$1.54M	USD	2 Qtrs
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-4.15M	USD	Annual
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-8.34M	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-1.18M	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.88M	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.17M	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$400.00K	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-339.00K	USD	Annual
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$390.00K	USD	2 Qtrs
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$759.00K	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$12.82M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$6.38M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-56.09M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-26.84M	USD	2 Qtrs
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$66.59M	USD	Annual
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$24.47M	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$208.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$770.00K	USD	Annual
Sale of AFS securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$706.00K	USD	Annual
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$-9.88M	USD	Annual
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$19.42M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.77M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-44.10M	USD	2 Qtrs
Payment of dividend by subsidiary	`PaymentsOfDividendsBySubsidiary`	$1.02M	USD	2 Qtrs
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$484.00K	USD	2 Qtrs
Cash settlement of non-accredited Note holders	`PaymentsForCashSettlementOfNonAccreditedNoteHolders`	$777.00K	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$2.32M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$7.00M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$150.52M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.27M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-52.66M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$37.66M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	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`	$83.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	131,017.00	shares	2 Qtrs
Issuance of common stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	11.29M	shares	Annual
Issuance of shares of nonvested stock (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	1.11M	shares	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-190.79M	USD	1 Quarter
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-25.32M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	Annual
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-25.32M	USD	2 Qtrs
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$25.30M	USD	Annual
Settlement of non-accredited Note holders	`CashSettlementOfNonAccreditedNoteHolders`	$462.00K	USD	Annual
Equity effect of purchase of entities under common control	`AdjustmentToPaidInCapitalEffectOfPurchaseOfCommonControlEntities`	$590.00K	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.14M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.41M	USD	2 Qtrs
Cash dividends paid by Baltic Trading Limited	`DividendsCashPaidBySubsidiary`	$1.02M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-22.56M	USD	1 Quarter
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-190.79M	USD	1 Quarter
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-25.32M	USD	2 Qtrs
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$25.30M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-25.32M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-238.68M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-229.07M	USD	Annual
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-59.47M	USD	Annual
Less: Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-31.06M	USD	2 Qtrs
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-207.61M	USD	2 Qtrs
Comprehensive loss attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$-169.60M	USD	Annual

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