10-Q Filing

GENCO SHIPPING & TRADING LTD CIK: 1326200 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-011935`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	gnk-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 86 Cash Flow Statement 66 Stockholders Equity 36 Comprehensive Income 22

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.67M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.47M	USD	Point-in-time
Due from charterers, reserve	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.64M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$277.60M	USD	Point-in-time
Vessels, accumulated depreciation	`AccumulatedDepreciationVessels`	$253.00M	USD	Point-in-time
Due from charterers, net of a reserve of $1,471 and $1,403, respectively	`AccountsReceivableNetCurrent`	$20.12M	USD	Point-in-time
Due from charterers, net of a reserve of $1,471 and $1,403, respectively	`AccountsReceivableNetCurrent`	$24.96M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$14.06M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.24M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.94M	USD	Point-in-time
Deferred drydock, accumulated amortization	`AccumulatedDepreciationOfDeferredDrydockCosts`	$12.88M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.98M	USD	Point-in-time
Inventories	`InventoryNet`	$24.56M	USD	Point-in-time
Fixed assets, accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$5.02M	USD	Point-in-time
Inventories	`InventoryNet`	$31.74M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$7.77M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsCurrent`	$3.89M	USD	Point-in-time
Deferred financing costs, noncurrent	`DeferredFinanceCostsNoncurrentNet`	$6.93M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.83M	USD	Point-in-time
Vessels, net of accumulated depreciation of $277,600 and $253,005, respectively	`VesselsNet`	$1.03B	USD	Point-in-time
Vessels, net of accumulated depreciation of $277,600 and $253,005, respectively	`VesselsNet`	$981.14M	USD	Point-in-time
Deposits on vessels	`DepositsAssetsNoncurrent`	$18.54M	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 $14,063 and $12,879 respectively	`DeferredDrydockCostsNet`	$25.52M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Deferred drydock, net of accumulated amortization of $14,063 and $12,879 respectively	`DeferredDrydockCostsNet`	$14.28M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	41.92M	shares	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $5,019 and $3,984, respectively	`PropertyPlantAndEquipmentNet`	$7.24M	USD	Point-in-time
Fixed assets, net of accumulated depreciation and amortization of $5,019 and $3,984, respectively	`PropertyPlantAndEquipmentNet`	$8.01M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	42.28M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$4.79M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	42.28M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$5.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	41.92M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$315.00K	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsNoncurrent`	$1.95M	USD	Point-in-time
Fair value of derivative instruments	`DerivativeAssetsNoncurrent`	$1.17M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.07B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$1.20B	USD	Point-in-time
Total assets	`Assets`	$1.19B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$29.96M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$41.18M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$5.79M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$10.08M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.86M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$1.94M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$41.90M	USD	Point-in-time
Total current liabilities:	`LiabilitiesCurrent`	$48.92M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$5.20M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.20M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $6,932 and $7,771, respectively	`LongTermDebtNoncurrent`	$238.23M	USD	Point-in-time
Long-term debt, net of deferred financing costs of $6,932 and $7,771, respectively	`LongTermDebtNoncurrent`	$181.57M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$186.77M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$244.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$286.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$235.68M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,281,407 and 41,924,597 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$419.00K	USD	Point-in-time
Common stock, par value $0.01; 500,000,000 shares authorized; 42,281,407 and 41,924,597 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$423.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.64B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.70B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$825.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-697.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-786.82M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$916.59M	USD	Point-in-time
Total Genco Shipping & Trading Limited shareholders' equity	`StockholdersEquity`	$949.95M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$507.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$88.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$777.27M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.20B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.19B	USD	Point-in-time

Income Statement 86 line items

Line Item	Tag	Value	Unit	Period
Nonvested stock amortization expense	`ShareBasedCompensation`	$826.00K	USD	1 Quarter
Nonvested stock amortization expense	`ShareBasedCompensation`	$551.00K	USD	1 Quarter
Nonvested stock amortization expense	`ShareBasedCompensation`	$1.07M	USD	2 Qtrs
Nonvested stock amortization expense	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Total revenues	`Revenues`	$208.60M	USD	2 Qtrs
Total revenues	`Revenues`	$137.76M	USD	1 Quarter
Total revenues	`Revenues`	$273.99M	USD	2 Qtrs
Total revenues	`Revenues`	$121.01M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$70.92M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$32.46M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$36.70M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$71.78M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$18.79M	USD	1 Quarter
Vessel operating expenses	`DirectOperatingCosts`	$37.83M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$56.48M	USD	2 Qtrs
Vessel operating expenses	`DirectOperatingCosts`	$29.46M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$13.76M	USD	2 Qtrs
Charter hire expenses	`CharterHireExpense`	$5.04M	USD	1 Quarter
Charter hire expenses	`CharterHireExpense`	$12.68M	USD	2 Qtrs
Charter hire expenses	`CharterHireExpense`	$8.32M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $826, $551, $1,516, and $1,073, respectively)	`GeneralAndAdministrativeExpense`	$11.96M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $826, $551, $1,516, and $1,073, respectively)	`GeneralAndAdministrativeExpense`	$5.85M	USD	1 Quarter
General and administrative expenses (inclusive of nonvested stock amortization expense of $826, $551, $1,516, and $1,073, respectively)	`GeneralAndAdministrativeExpense`	$12.42M	USD	2 Qtrs
General and administrative expenses (inclusive of nonvested stock amortization expense of $826, $551, $1,516, and $1,073, respectively)	`GeneralAndAdministrativeExpense`	$6.38M	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$1.62M	USD	2 Qtrs
Technical management fees	`TechnicalManagementFees`	$2.77M	USD	2 Qtrs
Technical management fees	`TechnicalManagementFees`	$700.00K	USD	1 Quarter
Technical management fees	`TechnicalManagementFees`	$1.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.21M	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-15.00K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-735.00K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$88.57M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$84.76M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$166.04M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$182.70M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$91.29M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.56M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$36.25M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$356.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$210.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$767.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.76M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$48.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$119.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$85.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.65M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.01M	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.40M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-8.54M	USD	2 Qtrs
Other expense, net	`NonoperatingIncomeExpense`	$-4.21M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-1.57M	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-1.80M	USD	2 Qtrs
Net income	`ProfitLoss`	$34.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$32.04M	USD	1 Quarter
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$419.00K	USD	2 Qtrs
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$243.00K	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$34.02M	USD	2 Qtrs
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$32.04M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$47.38M	USD	1 Quarter
Net income attributable to Genco Shipping & Trading Limited	`NetIncomeLoss`	$89.07M	USD	2 Qtrs
Earnings per share-basic	`EarningsPerShareBasic`	$0.81	USD	2 Qtrs
Earnings per share-basic	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Earnings per share-basic	`EarningsPerShareBasic`	$2.11	USD	2 Qtrs
Earnings per share-diluted	`EarningsPerShareDiluted`	$2.07	USD	2 Qtrs
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Earnings per share-diluted	`EarningsPerShareDiluted`	$0.80	USD	2 Qtrs
Earnings per share-diluted	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.07M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.39M	shares	1 Quarter
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	2 Qtrs
Weighted average common shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	42.02M	shares	2 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.45M	shares	2 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.93M	shares	2 Qtrs
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.00M	shares	1 Quarter
Weighted average common shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.61M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$34.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$32.04M	USD	1 Quarter
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.58M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$27.21M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$841.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.23M	USD	2 Qtrs
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$705.00K	USD	2 Qtrs
Right-of-use asset amortization	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$690.00K	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$826.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$551.00K	USD	1 Quarter
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.07M	USD	2 Qtrs
Amortization of nonvested stock compensation expense	`ShareBasedCompensation`	$1.52M	USD	2 Qtrs
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-15.00K	USD	1 Quarter
Loss on sale of vessels	`GainLossOnDispositionOfAssets`	$-735.00K	USD	2 Qtrs
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$111.00K	USD	2 Qtrs
Amortization of premium on derivative	`PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasis`	$110.00K	USD	2 Qtrs
Interest rate cap premium payment	`InterestRateCapPremiumPayment`	$240.00K	USD	2 Qtrs
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$169.00K	USD	2 Qtrs
Insurance proceeds for protection and indemnity claims	`ProceedsFromInsuranceProtectionAndIndemnityClaims`	$101.00K	USD	2 Qtrs
Increase in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$4.85M	USD	2 Qtrs
Increase in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$921.00K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$894.00K	USD	2 Qtrs
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpenseAndOtherCurrentAssets`	$-584.00K	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$7.18M	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$4.86M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.03M	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.60M	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$954.00K	USD	2 Qtrs
(Decrease) increase in deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.29M	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-871.00K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-917.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$1.82M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$14.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$99.16M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.55M	USD	2 Qtrs
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$48.35M	USD	2 Qtrs
Purchase of vessels and ballast water treatment systems, including deposits	`PaymentsToAcquireVesselsAndBallastWaterTreatmentSystemsAndOtherDeposits`	$24.68M	USD	2 Qtrs
Purchase of scrubbers (capitalized in Vessels)	`PaymentsToAcquireScrubbers`	$126.00K	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.93M	USD	2 Qtrs
Purchase of other fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$431.00K	USD	2 Qtrs
Net proceeds from sale of vessels	`ProceedsFromSaleOfVesselAssetsNet`	$29.10M	USD	2 Qtrs
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$293.00K	USD	2 Qtrs
Insurance proceeds for hull and machinery claims	`ProceedsFromInsuranceForHullAndMachineryClaims`	$295.00K	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-49.98M	USD	2 Qtrs
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.16M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$61.57M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.98M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$11.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-85.19M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-119.08M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-18.48M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-69.90M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.63M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.53M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$179.68M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$50.63M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$120.53M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.79	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$777.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time
Net income	`ProfitLoss`	$34.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$32.04M	USD	1 Quarter
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$161.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$138.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.79M	USD	2 Qtrs
Cash dividends declared	`DividendsCommonStockCash`	$28.45M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$845.00K	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$33.56M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$2.11M	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$690.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$826.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$551.00K	USD	1 Quarter
Nonvested stock amortization	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$522.00K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$744.99M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$916.67M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$746.82M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$777.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$950.46M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$934.07M	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$34.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$89.49M	USD	2 Qtrs
Net income	`ProfitLoss`	$41.87M	USD	1 Quarter
Net income	`ProfitLoss`	$32.04M	USD	1 Quarter
Net income	`ProfitLoss`	$47.62M	USD	1 Quarter
Net income	`ProfitLoss`	$1.99M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$161.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$138.00K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-23.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.50M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$3.29M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.79M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.16M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$94.28M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$49.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$32.01M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$243.00K	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$419.00K	USD	2 Qtrs
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$93.86M	USD	2 Qtrs
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$48.88M	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$32.01M	USD	1 Quarter
Comprehensive income attributable to Genco Shipping & Trading Limited	`ComprehensiveIncomeNetOfTax`	$34.16M	USD	2 Qtrs

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