$GNK
GENCO SHIPPING & TRADING LTD

2022 Q3 Form 10-Q Financial Statement

#000155837022011935 Filed on August 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $136.0M $137.8M $136.2M
YoY Change -12.42% 13.85% 55.53%
Cost Of Revenue $68.54M $66.97M $73.12M
YoY Change 0.45% 4.94% 22.68%
Gross Profit $67.43M $70.80M $63.11M
YoY Change -22.51% 23.79% 125.4%
Gross Profit Margin 49.59% 51.39% 46.33%
Selling, General & Admin $6.672M $7.081M $6.960M
YoY Change -8.48% -1.09% -8.42%
% of Gross Profit 9.89% 10.0% 11.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.58M $14.52M $14.06M
YoY Change 9.73% 5.46% 4.6%
% of Gross Profit 23.11% 20.51% 22.28%
Operating Expenses $22.25M $21.60M $21.02M
YoY Change 3.56% 3.22% 0.09%
Operating Profit $45.18M $49.20M $42.09M
YoY Change -30.89% 35.71% 567.19%
Interest Expense $2.276M $2.405M $2.242M
YoY Change -42.28% -46.2% -50.63%
% of Operating Profit 5.04% 4.89% 5.33%
Other Income/Expense, Net -$4.130M -$1.570M -$228.0K
YoY Change -49.89% -62.73% -94.73%
Pretax Income $41.05M $47.63M $41.87M
YoY Change -28.15% 48.66% 1993.25%
Income Tax
% Of Pretax Income
Net Earnings $40.83M $47.38M $41.69M
YoY Change -28.54% 47.9% 2000.2%
Net Earnings / Revenue 30.03% 34.39% 30.6%
Basic Earnings Per Share $0.96 $1.12 $0.99
Diluted Earnings Per Share $0.95 $1.10 $0.97
COMMON SHARES
Basic Shares Outstanding 42.28M 42.39M 42.17M
Diluted Shares Outstanding 42.88M 43.00M 42.87M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.53M $44.67M $43.11M
YoY Change -18.26% -61.58% -65.01%
Cash & Equivalents $65.53M $44.67M $43.11M
Short-Term Investments
Other Short-Term Assets $22.18M $18.77M $18.65M
YoY Change 34.38% -70.42% -73.05%
Inventory $32.18M $31.74M $23.34M
Prepaid Expenses
Receivables $25.87M $24.96M $20.04M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $145.8M $120.1M $105.1M
YoY Change 2.31% -45.41% -53.86%
LONG-TERM ASSETS
Property, Plant & Equipment $8.125M $8.014M $7.784M
YoY Change 33.81% 36.36% 26.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $33.26M $27.79M $17.49M
YoY Change 7.6% -23.81% 14.29%
Total Long-Term Assets $1.060B $1.066B $1.062B
YoY Change 2.48% 10.77% 11.54%
TOTAL ASSETS
Total Short-Term Assets $145.8M $120.1M $105.1M
Total Long-Term Assets $1.060B $1.066B $1.062B
Total Assets $1.206B $1.186B $1.168B
YoY Change 2.46% 0.31% -1.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $22.34M $13.69M $12.84M
YoY Change 88.34% -13.48% -13.79%
Accrued Expenses $18.52M $29.44M $14.85M
YoY Change 31.21% 122.28% 31.39%
Deferred Revenue $14.46M $5.789M $10.13M
YoY Change 0.16% -38.25% 37.14%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $55.32M $48.92M $37.82M
YoY Change 29.76% -48.16% -61.75%
LONG-TERM LIABILITIES
Long-Term Debt $173.2M $181.6M $189.9M
YoY Change -41.62% -40.21% -41.94%
Other Long-Term Liabilities $4.652M $5.200M $5.723M
YoY Change -30.33% -27.21% -24.7%
Total Long-Term Liabilities $177.9M $186.8M $195.6M
YoY Change -41.37% -39.91% -41.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.32M $48.92M $37.82M
Total Long-Term Liabilities $177.9M $186.8M $195.6M
Total Liabilities $233.2M $235.7M $233.4M
YoY Change -32.61% -41.83% -46.15%
SHAREHOLDERS EQUITY
Retained Earnings -$656.9M -$697.8M -$745.1M
YoY Change -25.15% -25.36% -22.93%
Common Stock $1.622B $1.642B $1.675B
YoY Change -5.08% -4.08% -2.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $971.8M $950.0M $933.8M
YoY Change
Total Liabilities & Shareholders Equity $1.206B $1.186B $1.168B
YoY Change 2.46% 0.31% -1.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $40.83M $47.38M $41.69M
YoY Change -28.54% 47.9% 2000.2%
Depreciation, Depletion And Amortization $15.58M $14.52M $14.06M
YoY Change 9.73% 5.46% 4.6%
Cash From Operating Activities $54.29M $46.60M $52.56M
YoY Change -25.05% -4.99% 289.47%
INVESTING ACTIVITIES
Capital Expenditures -$3.535M -$3.308M $1.483M
YoY Change -96.03% -86.12% 875.66%
Acquisitions
YoY Change
Other Investing Activities $0.00 $293.0K $0.00
YoY Change -100.0% -96.38% -100.0%
Cash From Investing Activities -$3.535M -$3.015M -$46.97M
YoY Change -95.66% -80.97% -335.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.89M -42.03M -77.05M
YoY Change -58.31% 16.48% 56.93%
NET CHANGE
Cash From Operating Activities 54.29M 46.60M 52.56M
Cash From Investing Activities -3.535M -3.015M -46.97M
Cash From Financing Activities -29.89M -42.03M -77.05M
Net Change In Cash 20.86M 1.556M -71.46M
YoY Change -125.85% -154.07% 356.5%
FREE CASH FLOW
Cash From Operating Activities $54.29M $46.60M $52.56M
Capital Expenditures -$3.535M -$3.308M $1.483M
Free Cash Flow $57.82M $49.91M $51.07M
YoY Change -64.19% -31.52% 282.79%

Facts In Submission

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GENCO SHIPPING & TRADING LIMITED
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299 Park Avenue
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Assets
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Assets
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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522000
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
89490000
us-gaap Profit Loss
ProfitLoss
34022000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
705000
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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gnk Premium On Derivative Excluded And Recognized On Amortized Basis
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gnk Premium On Derivative Excluded And Recognized On Amortized Basis
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111000
gnk Interest Rate Cap Premium Payment
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gnk Proceeds From Insurance Protection And Indemnity Claims
ProceedsFromInsuranceProtectionAndIndemnityClaims
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gnk Proceeds From Insurance Protection And Indemnity Claims
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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gnk Increase Decrease In Prepaid Expense And Other Current Assets
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gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
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gnk Proceeds From Sale Of Vessel Assets Net
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gnk Increase Decrease In Prepaid Expense And Other Current Assets
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894000
us-gaap Increase Decrease In Inventories
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gnk Deferred Drydock Costs Incurred
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
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gnk Payments To Acquire Vessels And Ballast Water Treatment Systems And Other Deposits
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gnk Payments To Acquire Scrubbers
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us-gaap Payments To Acquire Property Plant And Equipment
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gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
293000
gnk Proceeds From Insurance For Hull And Machinery Claims
ProceedsFromInsuranceForHullAndMachineryClaims
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50627000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
161201000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:50.4pt;text-indent:-50.4pt;margin:0pt;"><span style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">1 - GENERAL INFORMATION</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:50.4pt;text-indent:-50.4pt;margin:0pt;"><span style="font-size:5pt;line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">The accompanying Condensed Consolidated Financial Statements include the accounts of Genco Shipping &amp; Trading Limited (“GS&amp;T”) and its direct and indirect subsidiaries (collectively, the “Company”). The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels and operates in one business segment. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">At June 30, 2022, the Company’s fleet consisted of 44 drybulk vessels, including 17 Capesize drybulk carriers, 15 Ultramax drybulk carriers and twelve Supramax drybulk carriers, with an aggregate carrying capacity of approximately 4,636,000 dwt and an average age of approximately 10.3 years.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">During September 2021, the Company and Synergy Marine Pte. Ltd. (“Synergy”), a third party, formed a joint venture, GS Shipmanagement Pte. Ltd. (“GSSM”). GSSM is owned </span>50% by the Company and 50%<span style="white-space:pre-wrap;"> by Synergy as of June 30, 2022 and December 31, 2021, and was formed to provide ship management services to the Company’s vessels. As of June 30, 2022 and December 31, 2021, the investments GSSM received from the Company and Synergy totaled </span>$50 and $50, respectively, which were used for expenditures directly related to the operations of GSSM.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">Management has determined that GSSM qualifies as a variable interest entity, and, when aggregating the variable interest held by the Company and Synergy, the Company is the primary beneficiary as the Company has the ability to direct the activities that most significantly impact GSSM’s economic performance. Accordingly, the Company consolidates GSSM. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="white-space:pre-wrap;">In March 2020, the World Health Organization declared the outbreak of a novel coronavirus strain, or COVID-19, to be a pandemic. The COVID-19 pandemic is having widespread, rapidly evolving, and unpredictable impacts on global society, economies, financial markets, and business practices. Over the course of the pandemic, governments have implemented measures in an effort to contain the virus, including social distancing, travel restrictions, border closures, limitations on public gatherings, working from home, supply chain logistical changes, and closure of non-essential businesses. This led to a significant slowdown in overall economic activity levels globally and a decline in demand for certain of the raw materials that our vessels transport. </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;"><span style="font-size:9pt;line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-indent:36pt;margin:0pt;">At present, it is not possible to ascertain any future impact of COVID-19 on the Company’s operational and financial performance, which may take some time to materialize and may not be fully reflected in the results for 2022.  However, an increase in the severity or duration or a resurgence of the COVID-19 pandemic, any potential variants and the timing of wide-scale vaccine distribution could have a material adverse effect on the Company’s business, results of operations, cash flows, financial condition, the carrying value of the Company’s assets, the fair values of the Company’s vessels, and the Company’s ability to pay dividends. </p>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><span style="line-height:1.31;margin-bottom:6pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;min-height:10.0pt;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Significant estimates include vessel valuations, the valuation of amounts due from charterers, residual value of vessels, useful life of vessels, the fair value of time charters acquired, and the fair value of derivative instruments, if any.  Actual results could differ from those estimates.</p>
CY2022Q2 gnk Increase Decrease In Basic Net Income Loss Per Share
IncreaseDecreaseInBasicNetIncomeLossPerShare
0.03
gnk Decrease In Depreciation Expense As Result Of Increase In Estimated Scrap Value
DecreaseInDepreciationExpenseAsResultOfIncreaseInEstimatedScrapValue
2304000
gnk Increase Decrease In Basic Net Income Loss Per Share
IncreaseDecreaseInBasicNetIncomeLossPerShare
0.06
gnk Increase Decrease In Diluted Net Income Loss Per Share
IncreaseDecreaseInDilutedNetIncomeLossPerShare
0.05
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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120531000
gnk Vessels Estimated Useful Life
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P25Y
CY2021 gnk Vessels Estimated Scrap Value
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310
CY2022Q1 gnk Vessels Estimated Scrap Value
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400
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CY2022Q1 gnk Useful Life Of Average Scrap Value Of Steel
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P15Y
CY2022Q2 gnk Decrease In Depreciation Expense As Result Of Increase In Estimated Scrap Value
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1159000
CY2022Q2 gnk Increase Decrease In Diluted Net Income Loss Per Share
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0.02
CY2022Q2 gnk Earnings Per Share Basic If No Change In Estimated Scrap Value
EarningsPerShareBasicIfNoChangeInEstimatedScrapValue
1.09
CY2022Q2 gnk Earnings Per Share Diluted If No Change In Estimated Scrap Value
EarningsPerShareDilutedIfNoChangeInEstimatedScrapValue
1.08
gnk Earnings Per Share Basic If No Change In Estimated Scrap Value
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2.05
gnk Earnings Per Share Diluted If No Change In Estimated Scrap Value
EarningsPerShareDilutedIfNoChangeInEstimatedScrapValue
2.02
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2421000
CY2021Q2 gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
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443000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
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4425000
gnk Net Gain Loss On Purchase And Sale Of Bunker Fuel And Lower Cost And Net Realizable Value Adjustments
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937000
us-gaap Interest Paid Net
InterestPaidNet
3739000
us-gaap Interest Paid Net
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6764000
us-gaap Income Taxes Paid
IncomeTaxesPaid
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us-gaap Income Taxes Paid
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0
gnk Noncash Or Part Noncash Reclassification From Deposits On Vessels To Vessels
NoncashOrPartNoncashReclassificationFromDepositsOnVesselsToVessels
18543000
gnk Noncash Or Part Noncash Reclassification From Vessels To Vessels Held For Sale
NoncashOrPartNoncashReclassificationFromVesselsToVesselsHeldForSale
7798000
CY2022Q2 us-gaap Deferred Finance Costs Noncurrent Net
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6932000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
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us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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1115000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42071019
us-gaap Weighted Average Number Of Shares Outstanding Basic
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42276371
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42022669
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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42071019
us-gaap Weighted Average Number Of Shares Outstanding Basic
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42276371
us-gaap Weighted Average Number Of Shares Outstanding Basic
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42022669
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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42612132
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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42932370
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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42445184
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2022Q2 us-gaap Deferred Finance Costs Noncurrent Net
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6932000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
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7771000
CY2022Q2 us-gaap Long Term Debt Noncurrent
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181568000
CY2021Q4 us-gaap Long Term Debt Noncurrent
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238229000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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188500000
CY2022Q2 us-gaap Deferred Finance Costs Noncurrent Net
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6932000
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
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CY2021Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0322
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0343
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
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CY2022Q2 us-gaap Interest Expense
InterestExpense
2405000
CY2021Q2 us-gaap Interest Expense
InterestExpense
4470000
us-gaap Interest Expense
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4647000
us-gaap Interest Expense
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9012000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-50000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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-50000
CY2022Q2 gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
56000
CY2021Q2 gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
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42000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
98000
gnk Premium On Derivative Excluded And Recognized On Amortized Basis Excluding Recorded Interest
PremiumOnDerivativeExcludedAndRecognizedOnAmortizedBasisExcludingRecordedInterest
111000
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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825000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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5295000
us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax Parent
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-503000
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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5617000
CY2022Q2 us-gaap Accounts Payable Current
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13691000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
9399000
CY2022Q2 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
3328000
CY2021Q4 gnk Accrued General And Administrative Expenses Current
AccruedGeneralAndAdministrativeExpensesCurrent
4719000
CY2022Q2 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
24164000
CY2021Q4 gnk Accrued Vessel Operating Expenses Current
AccruedVesselOperatingExpensesCurrent
15838000
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
41183000
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
29956000
us-gaap Revenues
Revenues
273991000
CY2022Q2 us-gaap Lease Income
LeaseIncome
62752000
CY2021Q2 us-gaap Lease Income
LeaseIncome
31557000
us-gaap Lease Income
LeaseIncome
118557000
us-gaap Lease Income
LeaseIncome
50457000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
75012000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89451000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
155434000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
158142000
CY2022Q2 us-gaap Revenues
Revenues
137764000
CY2021Q2 us-gaap Revenues
Revenues
121008000
us-gaap Revenues
Revenues
273991000
us-gaap Revenues
Revenues
208599000
CY2021Q2 us-gaap Sublease Income
SubleaseIncome
306000
CY2022Q2 us-gaap Sublease Income
SubleaseIncome
306000
us-gaap Sublease Income
SubleaseIncome
612000
us-gaap Sublease Income
SubleaseIncome
612000

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