2014 Q3 Form 10-Q Financial Statement

#000110465914061411 Filed on August 15, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q4
Revenue $48.80M $52.36M $81.80M
YoY Change -17.85% 14.43% 66.1%
Cost Of Revenue $32.70M $32.50M $32.00M
YoY Change 10.1% 9.8% 4.58%
Gross Profit $16.10M $19.80M $49.80M
YoY Change -45.79% 22.98% 167.74%
Gross Profit Margin 32.99% 37.81% 60.88%
Selling, General & Admin $21.60M $9.800M $9.500M
YoY Change 173.42% 15.29% -5.0%
% of Gross Profit 134.16% 49.49% 19.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.60M $36.54M $36.40M
YoY Change -41.48% 5.23% 3.7%
% of Gross Profit 127.95% 184.54% 73.09%
Operating Expenses $41.90M $46.40M $45.80M
YoY Change -2.78% 7.41% 2.23%
Operating Profit -$25.80M -$26.55M $4.000M
YoY Change 92.54% -1.93% -115.27%
Interest Expense -$5.100M $18.51M -$22.30M
YoY Change -77.92% -14.12% -0.45%
% of Operating Profit -557.5%
Other Income/Expense, Net $0.00 -$18.54M $0.00
YoY Change -14.07%
Pretax Income $870.2M -$65.19M -$18.30M
YoY Change -2484.11% 34.02% -62.35%
Income Tax $400.0K $364.0K $900.0K
% Of Pretax Income 0.05%
Net Earnings $874.6M -$65.56M -$19.20M
YoY Change -2598.86% 33.95% -60.71%
Net Earnings / Revenue 1792.21% -125.19% -23.47%
Basic Earnings Per Share -$1.39 -$0.43
Diluted Earnings Per Share $168.2M -$1.39 -$0.43
COMMON SHARES
Basic Shares Outstanding 61.41M shares 43.57M shares
Diluted Shares Outstanding 43.57M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.6M $57.70M $122.7M
YoY Change -2.65% -17.1% 69.01%
Cash & Equivalents $106.6M $57.72M $122.7M
Short-Term Investments
Other Short-Term Assets $35.10M $3.067M $1.627M
YoY Change 120.75% 84.54% 73.09%
Inventory $12.64M $11.34M
Prepaid Expenses
Receivables $15.60M $12.00M $14.24M
Other Receivables $0.00 $2.200M $1.100M
Total Short-Term Assets $157.3M $103.0M $165.9M
YoY Change 3.15% -7.53% 61.9%
LONG-TERM ASSETS
Property, Plant & Equipment $1.523B $4.052M $5.104M
YoY Change -41.64% -19.19% -2.93%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $38.50M $49.60M $77.60M
YoY Change -7.89% 81.68% 269.52%
Other Assets $42.00M $64.20M $34.90M
YoY Change 23.53% 463.16% -33.27%
Total Long-Term Assets $1.769B $2.726B $2.791B
YoY Change -34.11% 2.23% 1.84%
TOTAL ASSETS
Total Short-Term Assets $157.3M $103.0M $165.9M
Total Long-Term Assets $1.769B $2.726B $2.791B
Total Assets $1.927B $2.829B $2.957B
YoY Change -32.11% 1.84% 4.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.10M $12.78M $5.643M
YoY Change 271.74% 148.0% 26.04%
Accrued Expenses $19.90M $26.80M $34.90M
YoY Change -39.88% -20.47% 81.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $115.9M
YoY Change -100.0% -100.0%
Long-Term Debt Due $32.20M $4.300M $1.317B
YoY Change -97.55% -99.67% 187985.71%
Total Short-Term Liabilities $70.10M $44.95M $1.482B
YoY Change -95.25% -96.96% 5669.57%
LONG-TERM LIABILITIES
Long-Term Debt $373.0M $161.5M $163.6M
YoY Change 196.5% 53.66% -89.28%
Other Long-Term Liabilities $0.00 $1.444B $100.0K
YoY Change -100.0% 721700.0% -99.66%
Total Long-Term Liabilities $373.0M $164.2M $166.8M
YoY Change 196.27% 55.95% -89.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $70.10M $44.95M $1.482B
Total Long-Term Liabilities $373.0M $164.2M $166.8M
Total Liabilities $718.2M $1.653B $1.648B
YoY Change -61.93% 4.42% 4.19%
SHAREHOLDERS EQUITY
Retained Earnings -$32.99M $66.64M
YoY Change -127.29% -68.91%
Common Stock $848.0M $847.1M
YoY Change -0.97% -1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.208B $843.1M $967.5M
YoY Change
Total Liabilities & Shareholders Equity $1.927B $2.829B $2.957B
YoY Change -32.11% 1.84% 4.01%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q4
OPERATING ACTIVITIES
Net Income $874.6M -$65.56M -$19.20M
YoY Change -2598.86% 33.95% -60.71%
Depreciation, Depletion And Amortization $20.60M $36.54M $36.40M
YoY Change -41.48% 5.23% 3.7%
Cash From Operating Activities -$34.50M -$20.50M $21.50M
YoY Change -5028.57% 159.49% -245.27%
INVESTING ACTIVITIES
Capital Expenditures -$1.200M -$12.40M -$105.1M
YoY Change -97.09% 6100.0% 20920.0%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00 $0.00
YoY Change
Cash From Investing Activities -$1.100M -$12.40M -$105.1M
YoY Change -97.34% 6100.0% 20920.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 84.50M -1.800M 96.80M
YoY Change 4.97% -107.93%
NET CHANGE
Cash From Operating Activities -34.50M -20.50M 21.50M
Cash From Investing Activities -1.100M -12.40M -105.1M
Cash From Financing Activities 84.50M -1.800M 96.80M
Net Change In Cash 48.90M -34.70M 13.20M
YoY Change 22.56% -337.67% -186.27%
FREE CASH FLOW
Cash From Operating Activities -$34.50M -$20.50M $21.50M
Capital Expenditures -$1.200M -$12.40M -$105.1M
Free Cash Flow -$33.30M -$8.100M $126.6M
YoY Change -179.29% 5.19% -985.31%

Facts In Submission

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="TEXT-INDENT: -0.7in; MARGIN: 0in 0in 0pt 0.7in;"><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">1 - GENERAL INFORMATION</font></u></p> <p style="TEXT-INDENT: -0.7in; MARGIN: 0in 0in 0pt 0.7in;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The accompanying condensed consolidated financial statements include the accounts of Genco Shipping&#160;&amp; Trading Limited (&#8220;GS&amp;T&#8221;), its wholly-owned subsidiaries, and its subsidiary, Baltic Trading Limited (collectively, the &#8220;Company&#8221;). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. GS&amp;T is incorporated under the laws of the Marshall Islands and as of June&#160;30, 2014, is the sole owner of all of the outstanding shares of the following subsidiaries: Genco Ship Management LLC; Genco Investments LLC; Genco RE Investments LLC; and the ship-owning subsidiaries as set forth below.&#160; As of June&#160;30, 2014, Genco Ship Management LLC is the sole owner of all of the outstanding shares of Genco Management (USA) Limited.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="MARGIN: 0in 0in 0pt;"><u><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Bankruptcy Filing</font></u></p> <p style="TEXT-INDENT: 0.75in; MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.75in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">On April&#160;21, 2014 (the &#8220;Petition Date&#8221;), GS&amp;T and its subsidiaries other than Baltic Trading Limited and its subsidiaries (collectively, the &#8220;Debtors&#8221;) filed voluntary petitions for relief (the &#8220;Chapter 11 Cases&#8221;) under Chapter 11 of the United States Bankruptcy Code (the &#8220;Bankruptcy Code&#8221;) in the United States Bankruptcy Court for the Southern District of New York (the &#8220;Bankruptcy Court&#8221;). 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us-gaap Recognition Of Deferred Revenue
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233000 USD
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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880465 shares
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43568942 shares
gnk Gain Loss On Purchase And Sale Of Bunker Fuel
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249000 USD
gnk Gain Loss On Purchase And Sale Of Bunker Fuel
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343000 USD
us-gaap Number Of Reportable Segments
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us-gaap Revenue Recognition Deferred Revenue
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CY2014Q2 us-gaap Deposits Assets
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28634000 USD
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34557000 USD
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DepreciationOfVessels
33102000 USD
gnk Depreciation Of Vessels
DepreciationOfVessels
68717000 USD
gnk Depreciation Of Vessels
DepreciationOfVessels
65841000 USD
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245
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459000 USD
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184000 USD
CY2013Q2 gnk Gain Loss On Purchase And Sale Of Bunker Fuel
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44941000 USD
us-gaap Cargo And Freight Revenue
CargoAndFreightRevenue
114725000 USD
us-gaap Cargo And Freight Revenue
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84617000 USD
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-65557000 USD
CY2013Q2 us-gaap Profit Loss
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-48940000 USD
us-gaap Profit Loss
ProfitLoss
-107796000 USD
us-gaap Profit Loss
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CY2014Q2 us-gaap Assets
Assets
2828686000 USD
CY2014Q2 us-gaap Recognition Of Deferred Revenue
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18000 USD
CY2013Q2 us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
100000 USD
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
67000 USD
CY2014Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
1 item
CY2013Q4 us-gaap Number Of Interest Rate Derivatives Held
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4 item
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6975000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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880465 shares
us-gaap Interest Paid Net
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38238000 USD
us-gaap Interest Paid Net
InterestPaidNet
37772000 USD
us-gaap Income Taxes Paid
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1495000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
493000 USD
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DepositsAssets
1013000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43568942 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43196895 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43179300 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43179300 shares
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-45369000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-45369000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-93532000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-93532000 USD
dei Entity Registrant Name
EntityRegistrantName
GENCO SHIPPING & TRADING LTD
dei Entity Central Index Key
EntityCentralIndexKey
0001326200
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Amendment Flag
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false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
61410362 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
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4250000 USD
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161500000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
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gnk Number Of Days After Year End Audited Financial Statements Are To Be Furnished To Lenders
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P90D
gnk Number Of Credit Facilities Excluding2007 Facility
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2 item
CY2013Q4 us-gaap Interest Payable Current
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13199000 USD
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0.0431 pure
CY2013Q2 us-gaap Debt Instrument Interest Rate During Period
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0.0472 pure
us-gaap Debt Instrument Interest Rate During Period
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0.0433 pure
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0473 pure
CY2014Q2 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Minimum
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0.0315 pure
CY2014Q2 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Maximum
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0.0515 pure
CY2013Q2 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Minimum
DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum
0.0319 pure
CY2013Q2 us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Maximum
DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum
0.0431 pure
us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Minimum
DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum
0.0315 pure
us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Maximum
DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum
0.0515 pure
us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Minimum
DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum
0.0319 pure
us-gaap Debt Instrument Interest Rate Effective Percentage Rate Range Maximum
DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum
0.0438 pure
us-gaap Reorganization Items
ReorganizationItems
20106000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
53722000 USD
CY2014Q2 gnk Accumulated Depreciation Vessels
AccumulatedDepreciationVessels
799020000 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
306233000 USD
CY2014Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2013Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2014Q2 gnk Derivative Liabilities Subject To Compromise
DerivativeLiabilitiesSubjectToCompromise
5622000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-28131000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-2485000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-25646000 USD
CY2014Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
49618000 USD
CY2013Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
77570000 USD
CY2014Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
5622000 USD
CY2013Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
6975000 USD
gnk Period For Determining Fair Value Inputs For Valuation
PeriodForDeterminingFairValueInputsForValuation
P2Y
CY2013Q4 us-gaap Inventory Net
InventoryNet
11342000 USD
CY2013Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5000000 USD
CY2013Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
1096000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1627000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19065000 USD
CY2013Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
514000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
12635000 USD
CY2014Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
5439000 USD
CY2014Q2 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
2171000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
3067000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
23312000 USD
CY2014Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
514000 USD
CY2014Q2 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
44572000 USD
CY2013Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
44290000 USD
CY2013Q4 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
22279000 USD
CY2014Q2 us-gaap Accumulated Amortization Of Noncurrent Deferred Finance Costs
AccumulatedAmortizationOfNoncurrentDeferredFinanceCosts
26570000 USD
CY2014Q2 us-gaap Deferred Finance Costs Noncurrent Net
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18002000 USD
CY2013Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
22011000 USD
CY2014Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2071000 USD
CY2013Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1856000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4291000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3691000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8542000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7925000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3438000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5104000 USD
CY2014Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3873000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4052000 USD
CY2014Q2 gnk Long Term Debt Noncurrent Prior To Financial Statement Classification
LongTermDebtNoncurrentPriorToFinancialStatementClassification
1466691000 USD
CY2014Q2 gnk Long Term Debt Amount Classified As Subject To Compromise
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1305191000 USD
CY2014Q2 us-gaap Minority Interest
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332926000 USD
CY2014Q2 gnk Cash Paid For Reorganization Items
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1204000 USD
CY2014Q2 gnk Estimated Post Petition Liabilities And Allowed Claims
EstimatedPostPetitionLiabilitiesAndAllowedClaims
1538000 USD
gnk Interest Expense Related To De Designation Of Interest Rate Swap
InterestExpenseRelatedToDeDesignationOfInterestRateSwap
953000 USD
gnk Increase Decrease In Prepaid Expense And Other Current Assets
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4227000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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14064000 USD
us-gaap Increase Decrease In Deferred Revenue
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us-gaap Increase Decrease In Other Deferred Liability
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197000 USD
gnk Deferred Drydock Costs Incurred
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14122000 USD
CY2014Q2 gnk Accrued Vessel Operating Expenses Current
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CY2014Q2 us-gaap Accounts Payable And Accrued Liabilities Current
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39527000 USD
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AccountsPayableCurrent
5643000 USD
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8960000 USD
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27359000 USD
CY2014Q2 gnk Time Charters Profit Sharing Revenue
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CY2013Q2 gnk Time Charters Profit Sharing Revenue
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gnk Time Charters Profit Sharing Revenue
TimeChartersProfitSharingRevenue
0 USD
gnk Time Charters Profit Sharing Revenue
TimeChartersProfitSharingRevenue
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CY2014Q2 gnk Time Charter Future Minimum Revenue Remainder Of Fiscal Year
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7132000 USD
gnk Time Charter Offhire Period
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CY2014Q2 gnk Number Of Interest Rate Derivatives Expired
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CY2014Q2 gnk Lines Of Credit Current Prior To Financial Statement Classification
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4250000 USD
gnk Payments To Acquire Vessels And Other Deposits
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us-gaap Payments To Acquire Property Plant And Equipment
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391000 USD
gnk Payments Of Dividends By Subsidiary
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2046000 USD
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us-gaap Sales Revenue Services Net
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1629000 USD
us-gaap Payments Of Stock Issuance Costs
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111000 USD
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9975000 USD
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16775000 USD
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20106000 USD
us-gaap Stock Issued During Period Value New Issues
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gnk Income Loss Before Reorganization Items
IncomeLossBeforeReorganizationItems
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CY2013Q2 gnk Income Loss Before Reorganization Items
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CY2014Q2 gnk Income Loss Before Reorganization Items
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CY2014Q2 us-gaap Sales Revenue Services Net
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819000 USD
CY2014Q2 gnk Voyage Expenses
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1983000 USD
CY2014Q2 us-gaap Direct Operating Costs
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30545000 USD
CY2014Q2 gnk General Administrative Expense And Management Fees
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9850000 USD
CY2014Q2 us-gaap Depreciation Depletion And Amortization
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36538000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
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CY2014Q2 us-gaap Investment Income Interest
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25000 USD
CY2014Q2 us-gaap Interest Expense
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18510000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
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364000 USD
gnk Voyage Expenses
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3940000 USD
us-gaap Direct Operating Costs
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61768000 USD
gnk General Administrative Expense And Management Fees
GeneralAdministrativeExpenseAndManagementFees
25226000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72739000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-107000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
45000 USD
us-gaap Interest Expense
InterestExpense
39532000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
777000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-8166000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1078000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-5033000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-8166000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1592000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2691000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2241000 USD
CY2014Q2 us-gaap Available For Sale Securities Equity Securities Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesNoncurrent
49618000 USD
CY2014Q2 us-gaap Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
1151000 USD
CY2014Q2 us-gaap Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
2658000 USD
CY2014Q2 us-gaap Liabilities Subject To Compromise
LiabilitiesSubjectToCompromise
1443575000 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
445000 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
847547000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32986000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
40735000 USD

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