Baltic Trading LTD (BALT) financial statements (2020 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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10583
Cash and cash equivalents10583
Receivables441
Inventory, net of allowances, customer advances and progress billings322
Inventory322
Prepaid expense11
Prepaid expense and other current assets3
Other current assets21
Other undisclosed current assets 0(2)
Total current assets:19677
Noncurrent Assets
Property, plant and equipment010
Deposits noncurrent assets241 
Restricted cash and investments20  
Deferred costs632
Other undisclosed noncurrent assets499486355
Total noncurrent assets:549491357
TOTAL ASSETS:568557364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:642
Accounts payable310
Other undisclosed accounts payable and accrued liabilities332
Debt64 
Due to related parties0  
Deferred revenue and credits000
Other undisclosed current liabilities 00
Total current liabilities:1392
Noncurrent Liabilities
Long-term debt and lease obligation190164101
Long-term debt, excluding current maturities190164101
Total noncurrent liabilities:190164101
Total liabilities:203172104
Stockholders' equity
Stockholders' equity attributable to parent, including:365385261
Additional paid in capital413413277
Accumulated deficit(48)(28)(17)
Other undisclosed stockholders' equity attributable to parent110
Total stockholders' equity:365385261
TOTAL LIABILITIES AND EQUITY:568557364

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
463627
Cost of revenue(25)(42)(40)
Cost of goods and services sold(25)(18)(17)
Gross profit:21(6)(13)
Operating expenses (1)(0)
Other undisclosed operating loss(35)  
Operating loss:(14)(7)(13)
Nonoperating expense(6)(4)(4)
Interest and debt expense(6)(4)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes644
Loss from continuing operations before income taxes:(20)(11)(17)
Income tax expense(0)(0)(0)
Net loss available to common stockholders, diluted:(20)(11)(17)

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net loss:(20)(11)(17)
Comprehensive loss, net of tax, attributable to parent:(20)(11)(17)

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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