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GENCO SHIPPING & TRADING LTD (GNK)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:          
    Total revenues  307.1386.9277.2281.4199.128.4135.6154.0
            Total revenues growth  -20.6%39.6%-1.5%41.3%600.0%-79.0%-11.9% 
Operating expenses:          
Voyage expenses  153.9146.2157.0173.0114.925.313.2 
Vessel operating expenses  99.582.187.496.297.498.1113.6 
Charter hire expenses  27.136.410.316.21.5   
General and administrative expenses  25.724.521.324.523.122.245.2 
Technical management fees  3.35.67.07.68.07.78.9 
Depreciation and amortization  60.256.265.272.869.071.876.379.6
   
Impairment of vessel assets          
    Total operating expenses  369.7346.0558.9417.9367.0239.3322.1 
    Operating income  167.2201.1-203.3-28.40.5-29.6-186.5-192.9
            Operating margin  54.4%52.0%-73.4%-10.1%0.3%-104.1%-137.5%-125.3%
   
Other income (expense):          
Other income (expense)  0.20.5-0.90.50.4-0.20.60.8
Interest income  1.00.21.04.13.81.60.20.1
Interest expense  -9.1-15.4-22.4-32.0-33.1-30.5-28.5-20.0
    Other expense, net  -7.9-19.1-22.2-27.6-33.5-29.1-30.3 
    Net income  159.4182.0-225.6-56.0    
Less: Net (loss) income attributable to noncontrolling interest  0.80.0     -59.5
    Net income attributable to Genco Shipping & Trading Limited  158.6182.0-225.6-56.0-32.9-58.7-217.8-254.4
   
Earnings per share-basic  $3.74$4.33($5.38)($1.34)($0.86)($1.71)($30.03)($2.96)
Earnings per share-diluted  $3.70$4.27($5.38)($1.34)($0.86)($1.71)($30.03)($2.96)
   
Weighted average common shares outstanding-basic  42.442.141.941.838.434.27.365.8
Weighted average common shares outstanding-diluted  42.942.641.941.838.434.27.365.8

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