XML 17 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
UNAUDITED QUARTERLY RESULTS OF OPERATIONS
 12 Months Ended
Dec. 31, 2011
UNAUDITED QUARTERLY RESULTS OF OPERATIONS  
UNAUDITED QUARTERLY RESULTS OF OPERATIONS

24 — UNAUDITED QUARTERLY RESULTS OF OPERATIONS

 

In the opinion of the Company’s management, all adjustments, consisting of normal recurring accruals considered necessary for a fair presentation have been included on a quarterly basis.

 

 

 

2011 Quarter Ended

 

2010 Quarter Ended

 

 

 

Mar 31

 

Jun 30

 

Sept 30

 

Dec. 31

 

Mar 31

 

Jun 30

 

Sept 30

 

Dec. 31

 

 

 

(In thousands, except per share amounts)

 

Revenues

 

$

101,429

 

$

99,330

 

$

94,312

 

$

97,143

 

$

94,681

 

$

105,337

 

$

118,020

 

$

130,649

 

Operating income

 

33,734

 

31,616

 

23,340

 

23,949

 

48,426

 

54,942

 

57,834

 

60,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

12,171

 

9,828

 

1,417

 

1,652

 

33,101

 

38,658

 

38,105

 

37,545

 

Net (loss) income attributable to noncontrolling interest

 

(1,255

)

(262

)

(145

)

1,344

 

(349

)

1,899

 

1,878

 

2,738

 

Net income attributable to Genco Shipping & Trading Limited

 

13,426

 

10,090

 

1,562

 

308

 

33,450

 

36,759

 

36,227

 

34,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - Basic

 

$

0.38

 

$

0.29

 

$

0.04

 

$

0.01

 

$

1.07

 

$

1.17

 

$

1.07

 

$

0.99

 

Earnings per share - Diluted

 

$

0.38

 

$

0.29

 

$

0.04

 

$

0.01

 

$

1.06

 

$

1.16

 

$

0.99

 

$

0.90

 

Dividends declared and paid per share(1)

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

$

—

 

Weighted average common shares outstanding - Basic

 

35,142,110

 

35,150,352

 

35,157,110

 

35,266,283

 

31,406

 

31,414

 

33,999

 

35,080

 

Weighted average common shares outstanding - Diluted

 

35,218,699

 

35,204,649

 

35,218,840

 

35,395,190

 

31,543

 

31,563

 

38,719

 

41,599

 

 

(1)          Does not include cash dividends paid by Baltic Trading.