Baltic Trading LTD (BALT) financial statements (2021 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 millions)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15102327395862
Cash and cash equivalents15102327395862
Receivables3433444
Inventory, net of allowances, customer advances and progress billings3332222
Inventory3332222
Prepaid expense1111111
Other current assets2220311
Other undisclosed current assets   1000
Total current assets:23193235506769
Noncurrent Assets
Property, plant and equipment0000010
Deposits noncurrent assets18242929171 
Restricted cash and investments 20     
Deferred costs6622332
Other undisclosed noncurrent assets493499475481484486386
Total noncurrent assets:517549507512504491388
TOTAL ASSETS:540568539547554557457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7645643
Accounts payable2322210
Other undisclosed accounts payable and accrued liabilities5323332
Debt17644442
Due to related parties200    
Deferred revenue and credits0000000
Other undisclosed current liabilities   0000
Total current liabilities:25138101095
Noncurrent Liabilities
Long-term debt and lease obligation192190160162163164123
Long-term debt, excluding current maturities192190160162163164123
Total noncurrent liabilities:192190160162163164123
Total liabilities:217203169171173172127
Stockholders' equity
Stockholders' equity attributable to parent, including:323365370375381385330
Additional paid in capital414413413412412413358
Retained earnings (accumulated deficit)(91)(48)(43)(37)(32)(28)29
Other undisclosed stockholders' equity attributable to parent111111(57)
Total stockholders' equity:323365370375381385330
TOTAL LIABILITIES AND EQUITY:540568539547554557457

Income statement (P&L) ($ in millions)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues
(Revenue, Net)
712101113159
Cost of revenue(17)(6)(6)(15)(15)(12)(10)
Cost of goods and services sold(7)(6)(6)(6)(7)(5)(4)
Gross profit:(10)54(4)(2)2(1)
Operating expenses(31)  (0)(0)(0)(0)
Other undisclosed operating loss (9)(8)    
Operating income (loss):(40)(4)(4)(4)(2)2(1)
Nonoperating expense(2)(2)(1)(1)(2)(1)(1)
Interest and debt expense(2)(2)(1)(1)(2)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes2211211
Income (loss) from continuing operations before income taxes:(42)(6)(5)(6)(4)1(2)
Income tax expense(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(42)(6)(5)(6)(4)1(2)

Comprehensive Income ($ in millions)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income (loss):(42)(6)(5)(6)(4)1(2)
Comprehensive income (loss), net of tax, attributable to parent:(42)(6)(5)(6)(4)1(2)

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.

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