Baltic Trading LTD (BALT) financial statements (2022 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 investments9,92958,1933,280
Cash and cash equivalents9,92958,1933,280
Receivables4,1654,412945
Inventory, net of allowances, customer advances and progress billings2,5302,0271,767
Inventory2,5302,0271,767
Prepaid expense1,0681,117
Prepaid expense and other current assets2,892
Other current assets1,691871
Other undisclosed current assets 70(1,767)
Total current assets:19,38366,6907,117
Noncurrent Assets
Property, plant and equipment12067812
Deposits noncurrent assets23,7331,013 
Restricted cash and investments19,645  
Deferred costs6,0782,8091,823
Other undisclosed noncurrent assets499,259486,177355,418
Total noncurrent assets:548,835490,677357,253
TOTAL ASSETS:568,218557,367364,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,3163,7822,163
Accounts payable3,3661,011430
Other undisclosed accounts payable and accrued liabilities2,9502,7711,733
Debt6,3314,250 
Due to related parties147  
Deferred revenue and credits98409261
Other undisclosed current liabilities 19834
Total current liabilities:12,8928,6392,458
Noncurrent Liabilities
Long-term debt and lease obligation190,444163,625101,250
Long-term debt, excluding current maturities190,444163,625101,250
Total noncurrent liabilities:190,444163,625101,250
Total liabilities:203,336172,264103,708
Stockholders' equity
Stockholders' equity attributable to parent, including:364,882385,103260,662
Additional paid in capital412,771412,736277,249
Accumulated deficit(48,476)(28,209)(16,817)
Other undisclosed stockholders' equity attributable to parent587576230
Total stockholders' equity:364,882385,103260,662
TOTAL LIABILITIES AND EQUITY:568,218557,367364,370

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
45,52035,97327,304
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 taxes5,8924,4554,252
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.

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