Genco Shipping & Trading Limited (GNK) financial statements (2022 and earlier)

Company profile

Business Address 299 PARK AVENUE
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11580116123144136128
Cash and cash equivalents11580116123144136128
Restricted cash and investments6 4541352415
Receivables22221411151113
Inventory, net of allowances, customer advances and progress billings25242624222123
Inventory25242624222123
Prepaid expense3   3  
Capitalized contract cost2   2  
Assets held-for-sale, not part of disposal group 7816222123
Other current assets1   2  
Other undisclosed current assets1101113299
Total current assets:175142220228247222211
Noncurrent Assets
Operating lease, right-of-use asset5667778
Property, plant and equipment7666687
Derivative instruments and hedges1011   
Deposits noncurrent assets191822    
Restricted cash and investments0000000
Other undisclosed noncurrent assets9951,0049289399721,0801,129
Total noncurrent assets:1,0281,0349629529861,0951,144
TOTAL ASSETS:1,2031,1771,1821,1801,2331,3181,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:30242724232324
Accounts payable9121615121011
Other undisclosed accounts payable and accrued liabilities21121110111313
Deferred revenue101497884
Debt  5665828281
Other undisclosed current liabilities2422   
Total current liabilities:42439499114114110
Noncurrent Liabilities
Long-term debt and lease obligation244303311335367393412
Long-term debt, excluding current maturities238297304327359384403
Operating lease, liability6778899
Liabilities, other than long-term debt    7  
Deferred revenue    7  
Other undisclosed noncurrent liabilities (7)(7)(8)   
Total noncurrent liabilities:244303311335374393412
Total liabilities:286346405434488506522
Stockholders' equity
Stockholders' equity attributable to parent917831777747745811833
Common stock0000000
Additional paid in capital1,7021,7081,7121,7131,7131,7141,714
Accumulated other comprehensive income1000   
Accumulated deficit(787)(878)(935)(967)(969)(903)(882)
Stockholders' equity attributable to noncontrolling interest0      
Total stockholders' equity:917831777747745811833
TOTAL LIABILITIES AND EQUITY:1,2031,1771,1821,1801,2331,3181,355

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues18315512188958874
Cost of revenue(89)(84)(79)(74)(151)(98)(82)
Cost of goods and services sold(22)(22)(19)(19)(21)(23)(21)
Gross profit:94714213(55)(10)(8)
Operating expenses(1)(6)(6)(7)(6)(5)(5)
Operating income (loss):9365366(61)(16)(13)
Nonoperating expense(2)(8)(4)(4)(5)(5)(5)
Interest and debt expense(15)(4)(4)(5)(5)(5)(5)
Income (loss) before gain (loss) on sale of properties:765328(3)(71)(26)(24)
Other undisclosed net income20  55  
Net income (loss):9553282(66)(26)(24)
Other undisclosed net income (loss) attributable to parent(4)44  55
Net income (loss) available to common stockholders, diluted:9157322(66)(21)(18)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):9553282(66)(26)(24)
Other undisclosed comprehensive income1      
Comprehensive income (loss):9653282(66)(26)(24)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)440 55
Comprehensive income (loss), net of tax, attributable to parent:9257322(66)(21)(18)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: