$GNK
GENCO SHIPPING & TRADING LTD

2013 Q4 Form 10-K Financial Statement

#000114036114015934 Filed on April 07, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $81.80M $59.40M $45.76M
YoY Change 66.1% 9.13% -27.29%
Cost Of Revenue $32.00M $29.70M $29.60M
YoY Change 4.58% -4.19% -2.95%
Gross Profit $49.80M $29.70M $16.10M
YoY Change 167.74% 26.38% -50.31%
Gross Profit Margin 60.88% 50.0% 35.18%
Selling, General & Admin $9.500M $7.900M $8.500M
YoY Change -5.0% -8.14% 1.19%
% of Gross Profit 19.08% 26.6% 52.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.40M $35.20M $34.72M
YoY Change 3.7% 0.46% 0.67%
% of Gross Profit 73.09% 118.52% 215.66%
Operating Expenses $45.80M $43.10M $43.20M
YoY Change 2.23% -1.15% 0.7%
Operating Profit $4.000M -$13.40M -$27.08M
YoY Change -115.27% -33.64% 159.51%
Interest Expense -$22.30M -$23.10M $21.55M
YoY Change -0.45% -207.21% 8.4%
% of Operating Profit -557.5%
Other Income/Expense, Net $0.00 $0.00 -$21.57M
YoY Change -100.0% 9.41%
Pretax Income -$18.30M -$36.50M -$48.65M
YoY Change -62.35% -12.54% 61.35%
Income Tax $900.0K $500.0K $294.0K
% Of Pretax Income
Net Earnings -$19.20M -$35.00M -$48.94M
YoY Change -60.71% -16.74% 60.5%
Net Earnings / Revenue -23.47% -58.92% -106.95%
Basic Earnings Per Share -$0.43 -$0.81 -$1.05
Diluted Earnings Per Share -$0.43 -$0.81 -$1.05
COMMON SHARES
Basic Shares Outstanding 44.46M shares 43.20M shares
Diluted Shares Outstanding 43.20M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.7M $109.5M $69.60M
YoY Change 69.01% 24.72% -71.71%
Cash & Equivalents $122.7M $109.5M $69.56M
Short-Term Investments
Other Short-Term Assets $1.627M $15.90M $1.662M
YoY Change 73.09% 1205.42% -89.87%
Inventory $11.34M $11.00M $12.04M
Prepaid Expenses
Receivables $14.24M $14.80M $10.95M
Other Receivables $1.100M $1.300M $1.500M
Total Short-Term Assets $165.9M $152.5M $111.4M
YoY Change 61.9% 34.46% -59.39%
LONG-TERM ASSETS
Property, Plant & Equipment $5.104M $2.609B $5.014M
YoY Change -2.93% 48202.48% -99.82%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $77.60M $41.80M $27.30M
YoY Change 269.52% 75.63% -0.36%
Other Assets $34.90M $34.00M $11.40M
YoY Change -33.27% -39.61% -70.0%
Total Long-Term Assets $2.791B $2.685B $2.666B
YoY Change 1.84% -3.45% -4.77%
TOTAL ASSETS
Total Short-Term Assets $165.9M $152.5M $111.4M
Total Long-Term Assets $2.791B $2.685B $2.666B
Total Assets $2.957B $2.838B $2.778B
YoY Change 4.01% -1.96% -9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.643M $4.600M $5.152M
YoY Change 26.04% 24.63% 43.11%
Accrued Expenses $34.90M $33.10M $33.70M
YoY Change 81.77% 53.95% 59.72%
Deferred Revenue
YoY Change
Short-Term Debt $115.9M $114.6M $113.3M
YoY Change
Long-Term Debt Due $1.317B $1.314B $1.313B
YoY Change 187985.71% 218900.0% 492.6%
Total Short-Term Liabilities $1.482B $1.477B $1.477B
YoY Change 5669.57% 5123.33% 489.57%
LONG-TERM LIABILITIES
Long-Term Debt $163.6M $125.8M $105.1M
YoY Change -89.28% -91.74% -92.75%
Other Long-Term Liabilities $100.0K $100.0K $200.0K
YoY Change -99.66% -99.71% -99.08%
Total Long-Term Liabilities $166.8M $125.9M $105.3M
YoY Change -89.28% -91.92% -92.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.482B $1.477B $1.477B
Total Long-Term Liabilities $166.8M $125.9M $105.3M
Total Liabilities $1.648B $1.887B $1.583B
YoY Change 4.19% 18.99% -17.72%
SHAREHOLDERS EQUITY
Retained Earnings $66.64M $120.9M
YoY Change -68.91%
Common Stock $847.1M $856.3M
YoY Change -1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $967.5M $951.1M $976.3M
YoY Change
Total Liabilities & Shareholders Equity $2.957B $2.838B $2.778B
YoY Change 4.01% -1.96% -9.64%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$19.20M -$35.00M -$48.94M
YoY Change -60.71% -16.74% 60.5%
Depreciation, Depletion And Amortization $36.40M $35.20M $34.72M
YoY Change 3.7% 0.46% 0.67%
Cash From Operating Activities $21.50M $700.0K -$7.900M
YoY Change -245.27% -115.22% -191.86%
INVESTING ACTIVITIES
Capital Expenditures -$105.1M -$41.30M -$200.0K
YoY Change 20920.0% 41200.0% -83.33%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$105.1M -$41.30M -$200.0K
YoY Change 20920.0% 8160.0% -83.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 96.80M 80.50M 22.70M
YoY Change -152.61% -380.25%
NET CHANGE
Cash From Operating Activities 21.50M 700.0K -7.900M
Cash From Investing Activities -105.1M -41.30M -200.0K
Cash From Financing Activities 96.80M 80.50M 22.70M
Net Change In Cash 13.20M 39.90M 14.60M
YoY Change -186.27% -125.24% -2185.71%
FREE CASH FLOW
Cash From Operating Activities $21.50M $700.0K -$7.900M
Capital Expenditures -$105.1M -$41.30M -$200.0K
Free Cash Flow $126.6M $42.00M -$7.700M
YoY Change -985.31% -1033.33% -178.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.05
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.12
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.06
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.12
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.87
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.05
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.81
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.90
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.65
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.81
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.06
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.90
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.87
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.65
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43

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