Baltic Trading LTD (BALT) financial statements (2023 and earlier)
Company profile
| Business Address |
299 PARK AVENUE, 12TH FLOOR NEW YORK, NY 10171 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 4412 - Deep Sea Foreign Transportation of Freight (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 9,929 | 58,193 | 3,280 | ||
| Cash and cash equivalents | 9,929 | 58,193 | 3,280 | ||
| Receivables | 4,165 | 4,412 | 945 | ||
| Inventory, net of allowances, customer advances and progress billings | 2,530 | 2,027 | 1,767 | ||
| Inventory | 2,530 | 2,027 | 1,767 | ||
| Prepaid expense | 1,068 | 1,117 | ✕ | ||
| Prepaid expense and other current assets | ✕ | ✕ | 2,892 | ||
| Other current assets | 1,691 | 871 | ✕ | ||
| Other undisclosed current assets | 70 | (1,767) | |||
| Total current assets: | 19,383 | 66,690 | 7,117 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 120 | 678 | 12 | ||
| Deposits noncurrent assets | 23,733 | 1,013 | |||
| Restricted cash and investments | 19,645 | ||||
| Deferred costs | 6,078 | 2,809 | 1,823 | ||
| Other undisclosed noncurrent assets | 499,259 | 486,177 | 355,418 | ||
| Total noncurrent assets: | 548,835 | 490,677 | 357,253 | ||
| TOTAL ASSETS: | 568,218 | 557,367 | 364,370 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 6,316 | 3,782 | 2,163 | ||
| Accounts payable | 3,366 | 1,011 | 430 | ||
| Other undisclosed accounts payable and accrued liabilities | 2,950 | 2,771 | 1,733 | ||
| Debt | 6,331 | 4,250 | |||
| Due to related parties | 147 | ||||
| Deferred revenue and credits | 98 | 409 | 261 | ||
| Other undisclosed current liabilities | 198 | 34 | |||
| Total current liabilities: | 12,892 | 8,639 | 2,458 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 190,444 | 163,625 | 101,250 | ||
| Long-term debt, excluding current maturities | 190,444 | 163,625 | 101,250 | ||
| Total noncurrent liabilities: | 190,444 | 163,625 | 101,250 | ||
| Total liabilities: | 203,336 | 172,264 | 103,708 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 364,882 | 385,103 | 260,662 | ||
| Additional paid in capital | 412,771 | 412,736 | 277,249 | ||
| Accumulated deficit | (48,476) | (28,209) | (16,817) | ||
| Other undisclosed stockholders' equity attributable to parent | 587 | 576 | 230 | ||
| Total stockholders' equity: | 364,882 | 385,103 | 260,662 | ||
| TOTAL LIABILITIES AND EQUITY: | 568,218 | 557,367 | 364,370 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 45,520 | 35,973 | 27,304 | |
| Cost of revenue | (24,872) | (42,301) | (39,804) | |
| Cost of goods and services sold | (24,872) | (17,590) | (16,730) | |
| Gross profit: | 20,648 | (6,328) | (12,500) | |
| Operating expenses | (581) | (467) | ||
| Other undisclosed operating loss | (34,985) | |||
| Operating loss: | (14,337) | (6,909) | (12,967) | |
| Nonoperating expense | (5,873) | (4,449) | (4,275) | |
| Interest and debt expense | (5,892) | (4,455) | (4,252) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5,892 | 4,455 | 4,252 | |
| Loss from continuing operations before income taxes: | (20,210) | (11,358) | (17,242) | |
| Income tax expense | (57) | (34) | (28) | |
| Net loss available to common stockholders, diluted: | (20,267) | (11,392) | (17,270) | |
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (20,267) | (11,392) | (17,270) | |
| Comprehensive loss, net of tax, attributable to parent: | (20,267) | (11,392) | (17,270) | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.