GENCO SHIPPING & TRADING LTD company info

CIK 1326200
IRS Number 000000000
State of incorporation 1T
Business address 299 PARK AVENUE
12TH FLOOR
NEW YORK
NY
10171
Mail address 299 PARK AVENUE
12TH FLOOR
NEW YORK
NY
10171

Short summary

GENCO SHIPPING & TRADING LTD is a New York company, with head office located at 299 Park Avenue New York, New York 10171. In 2019 the company owned a total of 1.56 billion USD worth of assets, including 241.06 million USD worth of current assets and 1.32 billion USD worth of non-current assets. 2010 was the year when the company amassed the most assets.

GENCO SHIPPING & TRADING LTD Income Statement

Name [in Millions USD]2007200820092010201120122013201420152016201720182019Trends
Operating Income (Loss) 234.38210.49221.29112.64-69.35-66.91-192.87-186.48-29.620.52
Interest expense 52.5961.8072.6586.7287.5688.2220.0328.4530.5033.09
Other Nonoperating Income (Expense) -0.07-0.31-0.08-0.08-0.03-0.08-0.800.65-0.160.37
Income Tax Expense (Benefit) 1.841.391.221.901.820.71
Net income 86.58148.62141.24-217.76-58.73-32.94

GENCO SHIPPING & TRADING LTD Balance Sheet

Name [in Millions USD]2007200820092010201120122013201420152016201720182019Trends
Cash and cash equivalents 71.50228.76196.14286.23246.0269.5657.7261.6556.66147.15270.00165.12165.88
Accounts Receivable, Net, Current 3.088.8610.9610.951214.468.256.4314.4115.7220.39
Inventories 10.0712.0412.6411.4610.529.3223.0629.3322.98
Collateral Already Posted, Aggregate Fair Value 100
Property, Plant and Equipment, Gross 8.328.787.931.251.721.832.345.657.02
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1.782.162.853.773.870.240.560.881.091.581.79
Goodwill 166.07
Other Assets, Noncurrent 0.510.510.51
Total assets 2,583.303,187.923,074.142,777.662,828.691,669.601,530.391,541.721,508.101,564.441,561.96
Current assets 233.92311.27274.29111.40103.01108.47103.56184.35322.28219.36241.06
Non-current assets 2,349.392,876.652,799.852,666.262,725.681,561.131,426.831,357.371,185.821,345.081,320.90
Accounts payable 3.605.1512.7810.604.887.3810.7513.3420.83
Total current liabilities 80.08150.49250.601,477.4744.9579.32577.1331.5877.79108.69119.24
Long-term Debt, Excluding Current Maturities 1,413.44161.50403.830506.04398.94433.03434.44
Total liabilities 1,396.631,821.481,721.681,582.741,652.68483.94578.64539.85479.86552.39563.93
Common Stock, Value, Issued 0.320.360.440.450.450.620.070.340.420.420.42
Retained Earnings (Accumulated Deficit) 263.03357.51298.49120.86-32.99-261.07-542.33-625.06-711.26-729.55-744.14
Accumulated Other Comprehensive Income (Loss), Net of Tax -14.10-9.56-9.76-0.8328.08-26.36-0.030.29

GENCO SHIPPING & TRADING LTD Cash Flow

Name [in Millions USD]2007200820092010201120122013201420152016201720182019Trends
Net income 86.58148.62141.24-217.76-58.73-32.94
Depreciation and amortization 71.4088.15115.66136.20139.06140.7479.5676.3371.7868.98
Accounts receivable -0.05-0.186.684.89-1.972.53-4.15-0.212.4810.10
Inventories -0.846.4914.22
Deferred revenue 3.280.18-2.47-6.14-2.900.27-0.340.433.23
Net Cash Provided by (Used in) Operating Activities 267.42219.73262.68-56.09-49.9824.0765.91
Payments to Acquire Property, Plant, and Equipment 2.292.111.210.770.330.291.46
Net Cash Provided by (Used in) Investing Activities -514.29-306.21-870.23-66.6522.7314.96-195.38
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -306.21-870.23-133.37-3.67-146.56-56.776.87
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 000
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 000
Proceeds from Issuance of Common Stock 195.8155.20050.720110.25
Payments for Repurchase of Common Stock 11.54
Payments of Ordinary Dividends, Common Stock 117.11
Net Cash Provided by (Used in) Financing Activities 300.33149.79690.16150.5255.44-5.60127.28
Cash and Cash Equivalents, Period Increase (Decrease) 53.4663.3182.61