10-K Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001558370-17-002200`
Period End Date	20161231
Filing Date	20170328
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	gnk-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 157 Cash Flow Statement 93 Stockholders Equity 40 Comprehensive Income 25

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$8.24M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$19.50M	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$10.59M	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$10.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$21.37M	USD	Point-in-time
Vessels held for sale	`AssetsHeldForSaleNotPartOfDisposalGroupCurrent`	$4.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$172.53M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$108.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$172.60M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$163.05M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$3.21M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$6.34M	USD	Point-in-time
Vessels, net of accumulated depreciation of $163,053 and $107,998, respectively	`VesselsNet`	$1.51B	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	$734.00K	USD	Point-in-time
Deferred financing costs, accumulated amortization	`AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts`	-	USD	Point-in-time
Vessels, net of accumulated depreciation of $163,053 and $107,998, respectively	`VesselsNet`	$1.35B	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $6,340 and $3,207 respectively	`DeferredDrydockCostsNet`	$16.18M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$759.00K	USD	Point-in-time
Deferred drydock, net of accumulated amortization of $6,340 and $3,207 respectively	`DeferredDrydockCostsNet`	$12.64M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$404.00K	USD	Point-in-time
Deferred financing costs, net of accumulated amortization of $0 and $734, respectively	`DeferredFinanceCostsNoncurrentNet`	$3.29M	USD	Point-in-time
Deferred finance costs, current	`DeferredFinanceCostsCurrentNet`	-	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $759 and $404, respectively	`PropertyPlantAndEquipmentNet`	$1.02M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $759 and $404, respectively	`PropertyPlantAndEquipmentNet`	$1.29M	USD	Point-in-time
Deferred finance costs, current	`DeferredFinanceCostsCurrentNet`	$9.41M	USD	Point-in-time
Deferred finance costs, noncurrent	`DeferredDebtFinanceCostsNoncurrentNet`	$11.36M	USD	Point-in-time
Deferred finance costs, noncurrent	`DeferredDebtFinanceCostsNoncurrentNet`	-	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 non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Restricted cash non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$27.43M	USD	Point-in-time
Investments	`AvailableForSaleSecuritiesEquitySecuritiesNoncurrent`	$12.33M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.54B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.40B	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.47M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.89M	USD	Point-in-time
Current portion of long-term debt, net of deferred financing costs of $0 and $9,411, respectively	`LongTermDebtCurrent`	$4.58M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	7.29M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	7.35M	shares	Point-in-time
Current portion of long-term debt, net of deferred financing costs of $0 and $9,411, respectively	`LongTermDebtCurrent`	$579.02M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	7.35M	shares	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.49M	USD	Point-in-time
Deferred revenue	`DeferredRevenueAndCreditsCurrent`	$1.06M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	7.29M	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$607.55M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.87M	USD	Point-in-time
Long-term lease obligations	`DeferredRentCreditNoncurrent`	$1.15M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $11,357 and $0, respectively	`LongTermDebtNoncurrent`	$508.44M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.15M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$510.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$608.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$539.26M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Series A Preferred Stock, par value $0.01: aggregate liquidation preference of $120,789 and $0 at December 31, 2016 and December 31, 2015, respectively	`PreferredStockValue`	$120.79M	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; issued and outstanding 7,354,449 and 7,289,823 shares at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$73.00K	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; issued and outstanding 7,354,449 and 7,289,823 shares at December 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$74.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.48B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.50B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-377.19M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-594.95M	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`	$1.03B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time

Income Statement 157 line items

Line Item	Tag	Value	Unit	Period
Share-based Compensation	`ShareBasedCompensation`	$20.68M	USD	Annual
Share-based Compensation	`ShareBasedCompensation`	$42.14M	USD	Annual
Share-based Compensation	`ShareBasedCompensation`	$20.41M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$133.25M	USD	Annual
Voyage revenues	`CargoAndFreightRevenue`	$49.17M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$33.77M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$150.78M	USD	Annual
Voyage revenues	`CargoAndFreightRevenue`	$37.87M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$43.78M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$33.61M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$31.46M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$34.24M	USD	1 Quarter
Voyage revenues	`CargoAndFreightRevenue`	$98.82M	USD	2 Qtrs
Voyage revenues	`CargoAndFreightRevenue`	$20.13M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$3.17M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$2.34M	USD	Annual
Service revenues	`SalesRevenueServicesNet`	$1.58M	USD	2 Qtrs
Total revenues	`Revenues`	$100.40M	USD	2 Qtrs
Total revenues	`Revenues`	$153.96M	USD	Annual
Total revenues	`Revenues`	$135.59M	USD	Annual
Voyage expenses	`VoyageExpenses`	$13.23M	USD	Annual
Voyage expenses	`VoyageExpenses`	$7.53M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$20.26M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$122.01M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$113.64M	USD	Annual
Vessel operating expenses	`DirectOperatingCosts`	$56.94M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $20,680, $42,136, $20,405 and $4,352, respectively)	`GeneralAndAdministrativeExpense`	$45.17M	USD	Annual
General and administrative expenses (inclusive of nonvested stock amortization expense of $20,680, $42,136, $20,405 and $4,352, respectively)	`GeneralAndAdministrativeExpense`	$74.94M	USD	Annual
General and administrative expenses (inclusive of nonvested stock amortization expense of $20,680, $42,136, $20,405 and $4,352, respectively)	`GeneralAndAdministrativeExpense`	$32.79M	USD	2 Qtrs
Technical management fees	`TechnicalManagementFees`	$8.96M	USD	Annual
Technical management fees	`TechnicalManagementFees`	$8.93M	USD	Annual
Technical management fees	`TechnicalManagementFees`	$4.12M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$76.33M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.56M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.71M	USD	2 Qtrs
Other operating income	`OtherOperatingIncome`	$960.00K	USD	Annual
Other operating income	`OtherOperatingIncome`	$530.00K	USD	2 Qtrs
Other operating income	`OtherOperatingIncome`	-	USD	Annual
Impairment of vessel assets	`AssetImpairmentCharges`	-	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`	$69.28M	USD	Annual
(Gain) loss on sale of vessels	`GainLossOnDispositionOfAssets`	$3.56M	USD	Annual
(Gain) loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$303.63M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$322.06M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$346.83M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-46.19M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-192.87M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-46.96M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-73.76M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-35.29M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-203.23M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-37.62M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-100.77M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-20.11M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-18.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-186.48M	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	-	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$37.88M	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	$2.70M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-796.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$36.00K	USD	2 Qtrs
Other income (expense)	`OtherNonoperatingIncomeExpense`	$645.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$46.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$110.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$204.00K	USD	Annual
Interest expense	`InterestExpense`	$7.62M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.03M	USD	Annual
Interest expense	`InterestExpense`	$28.45M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-7.54M	USD	2 Qtrs
Other expense	`NonoperatingIncomeExpense`	$-30.30M	USD	Annual
Other expense	`NonoperatingIncomeExpense`	$-58.59M	USD	Annual
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-216.78M	USD	Annual
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-251.46M	USD	Annual
Loss before reorganization items, net	`IncomeLossBeforeReorganizationItems`	$-210.77M	USD	2 Qtrs
Reorganization items, net	`ReorganizationItems`	$1.08M	USD	Annual
Reorganization items, net	`ReorganizationItems`	$272.00K	USD	Annual
Reorganization items, net	`ReorganizationItems`	$1.59M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-217.05M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-212.36M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-252.55M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$709.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$1.82M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$996.00K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-110.65M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-27.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-25.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-217.76M	USD	Annual
Net loss	`ProfitLoss`	$-49.50M	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`	$-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
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.33M	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`	$-38.44M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.10M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-54.48M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-49.50M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-110.65M	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`	$-217.76M	USD	Annual
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-27.51M	USD	1 Quarter
Net loss attributable to Genco Shipping & Trading Limited	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-66.62M	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-6.36	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-3.80	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-15.32	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-30.03	USD	Annual
Net loss per share-basic	`EarningsPerShareBasic`	$-6.86	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-6.67	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-7.55	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-30.20	USD	2 Qtrs
Net loss per share-basic	`EarningsPerShareBasic`	$-3.43	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-9.54	USD	1 Quarter
Net loss per share-basic	`EarningsPerShareBasic`	$-29.61	USD	Annual
Net loss per share-diluted	`EarningsPerShareDiluted`	$-6.67	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-3.80	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-30.20	USD	2 Qtrs
Net loss per share-diluted	`EarningsPerShareDiluted`	$-3.43	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-15.32	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-30.03	USD	Annual
Net loss per share-diluted	`EarningsPerShareDiluted`	$-9.54	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-29.61	USD	Annual
Net loss per share-diluted	`EarningsPerShareDiluted`	$-6.86	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-7.55	USD	1 Quarter
Net loss per share-diluted	`EarningsPerShareDiluted`	$-6.36	USD	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.22M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.04M	shares	2 Qtrs
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.04M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.22M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.58M	shares	Annual
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.32M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.22M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.98M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.05M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.25M	shares	1 Quarter
Weighted average common shares outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	7.25M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.04M	shares	2 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.22M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.98M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.04M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.05M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.25M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.32M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.58M	shares	Annual
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.25M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.22M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.22M	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-110.65M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-27.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-25.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-217.76M	USD	Annual
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$166.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$76.33M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.56M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.71M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.38M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$845.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.85M	USD	Annual
PIK interest, net	`PaidInKindInterest`	$800.00K	USD	Annual
Amortization of time charters acquired	`RecognitionOfDeferredRevenue`	$-450.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$20.68M	USD	Annual
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`	-	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`	$69.28M	USD	Annual
(Gain) loss on sale of vessels	`NoncashGainLossOnDispositionOfVessels`	$3.56M	USD	Annual
(Gain) loss on sale of vessels	`NoncashGainLossOnDispositionOfVessels`	$-900.00K	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	-	USD	2 Qtrs
Impairment of investment	`ImpairmentOfInvestments`	$37.88M	USD	Annual
Impairment of investment	`ImpairmentOfInvestments`	$2.70M	USD	Annual
Realized (gain) loss on sale of investment	`GainLossOnSaleOfInvestments`	$689.00K	USD	Annual
Realized (gain) loss on sale of investment	`GainLossOnSaleOfInvestments`	$-724.00K	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-4.15M	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-213.00K	USD	Annual
Decrease (increase) in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$1.54M	USD	2 Qtrs
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
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-5.49M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.88M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.31M	USD	Annual
(Decrease) increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-39.17M	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$430.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$400.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-339.00K	USD	Annual
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$719.00K	USD	Annual
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$759.00K	USD	Annual
Increase in lease obligations	`IncreaseDecreaseInOtherDeferredLiability`	$390.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$6.38M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$2.15M	USD	Annual
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$12.82M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-26.84M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-56.09M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-49.98M	USD	Annual
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$66.59M	USD	Annual
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$24.47M	USD	2 Qtrs
Purchase of vessels, including deposits	`PaymentsToAcquireVesselsAndOtherDeposits`	$458.00K	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$329.00K	USD	Annual
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$208.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$770.00K	USD	Annual
Net proceeds from sale of vessel assets	`ProceedsFromSaleOfVesselAssetsNet`	$13.02M	USD	Annual
Sale of AFS securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$10.49M	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
Changes in deposits of restricted cash	`IncreaseDecreaseInRestrictedCash`	$15.85M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.77M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$6.87M	USD	Annual
Net cash provided by (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`	$101.00K	USD	Annual
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
Proceeds from issuance of Series A Preferred Stock	`ProceedsFromIssuanceOfConvertiblePreferredStock`	$125.00M	USD	Annual
Payment of Series A Preferred Stock issuance costs	`PaymentsOfStockIssuanceCosts`	$3.11M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$7.00M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$1.50M	USD	Annual
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$2.32M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$150.52M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$55.44M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.27M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$37.66M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-52.66M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$12.33M	USD	Annual
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 beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	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
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$133.40M	USD	Point-in-time

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Issuance of stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	1.13M	shares	Annual
Issuance of stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	13,102.00	shares	2 Qtrs
Issuance of shares of nonvested stock (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	111,060.00	shares	2 Qtrs
Issuance of shares of nonvested stock (in shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	61,244.00	shares	Annual
Issuance of shares of RSUs (in shares)	`StockIssuedDuringPeriodSharesRestrictedStockAwardGross`	3,138.00	shares	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.11B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.51B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Net loss	`ProfitLoss`	$-110.65M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-27.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-25.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-217.76M	USD	Annual
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$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`	$21.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-25.32M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$21.00K	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
Issuance of stock	`StockIssuedDuringPeriodValueNewIssues`	$120.79M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.68M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$42.14M	USD	Annual
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$20.41M	USD	2 Qtrs
Cancellation of predecessor common stock and accumulated deficit	`CancellationOfCommonStockAndAccumulatedDeficit`	$-34.93M	USD	2 Qtrs
Elimination of Predecessor accumulated other comprehensive income	`EliminationOfAccumulatedOtherComprehensiveIncome`	$30.36M	USD	2 Qtrs
Issuance of new equity interest in connection with emergence from Chapter 11, including the $100 Million Rights Offering 60,299,757 shares	`IssuanceOfNewEquityInterests`	$1.23B	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`	$1.03B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time

Comprehensive Income 25 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-110.65M	USD	1 Quarter
Net loss	`ProfitLoss`	$-73.80M	USD	1 Quarter
Net loss	`ProfitLoss`	$-254.37M	USD	Annual
Net loss	`ProfitLoss`	$-213.36M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-27.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-54.48M	USD	1 Quarter
Net loss	`ProfitLoss`	$-25.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-79.11M	USD	1 Quarter
Net loss	`ProfitLoss`	$-51.95M	USD	1 Quarter
Net loss	`ProfitLoss`	$-217.76M	USD	Annual
Net loss	`ProfitLoss`	$-49.50M	USD	1 Quarter
Change in unrealized gain/loss on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$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`	$21.00K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$25.30M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-25.32M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$21.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-238.68M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-229.07M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-217.74M	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`	$-217.74M	USD	Annual
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.