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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2014
UNAUDITED QUARTERLY RESULTS OF OPERATIONS  
Schedule of unaudited quarterly results of operations

 

 

 

 

2014

 

 

 

Predecessor

 

Successor

 

 

 

 

 

Period from

 

Period from

 

 

 

 

 

Quarter Ended

 

July 1 to

 

July 9 to

 

Quarter Ended

 

 

 

March 31

 

June 30

 

July 9

 

September 30

 

December 31

 

 

 

(In thousands, except share and per share amounts)

 

Revenues

 

$

63,180

 

$

51,545

 

$

4,034

 

$

43,943

 

$

54,874

 

Operating (loss) income

 

(20,766

)

(26,552

)

(8,356

)

(17,436

)

(185,796

)

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

(42,238

)

(65,557

)

892,351

 

(22,562

)

(190,795

)

Net (loss) income attributable to noncontrolling interest

 

(3,133

)

(5,033

)

(568

)

(4,272

)

(26,792

)

Net (loss) income attributable to Genco Shipping & Trading Limited

 

(39,105

)

(60,524

)

892,919

 

(18,290

)

(164,003

)

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) earnings per share - basic (2)

 

$

(0.90

)

$

(1.39

)

$

20.49

 

$

(0.30

)

$

(2.72

)

Net (loss) earnings per share - diluted (2)

 

$

(0.90

)

$

(1.39

)

$

20.49

 

$

(0.30

)

$

(2.72

)

Dividends declares and paid per share (1)

 

$

 

$

 

$

 

$

 

$

 

Weighted average common shares outstanding - basic

 

43,568,942

 

43,568,942

 

43,568,942

 

60,299,766

 

60,415,981

 

Weighted average common shares outstanding - diluted

 

43,568,942

 

43,568,942

 

43,568,942

 

60,299,766

 

60,415,981

 

 

 

 

2013

 

 

 

Predecessor

 

 

 

Quarter Ended

 

 

 

March 31

 

June 30

 

September 30

 

December 31

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

40,486

 

$

45,760

 

$

59,433

 

$

81,785

 

Operating (loss) income

 

(30,474

)

(27,075

)

(13,387

)

4,030

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

(51,950

)

(48,940

)

(36,976

)

(19,155

)

Net (loss) income attributable to noncontrolling interest

 

(3,787

)

(3,571

)

(1,942

)

20

 

Net (loss) income attributable to Genco Shipping & Trading Limited

 

(48,163

)

(45,369

)

(35,034

)

(19,175

)

 

 

 

 

 

 

 

 

 

 

Net (loss) earnings per share - basic (2)

 

$

(1.12

)

$

(1.05

)

$

(0.81

)

$

(0.43

)

Net (loss) earnings per share - diluted (2)

 

$

(1.12

)

$

(1.05

)

$

(0.81

)

$

(0.43

)

Dividends declares and paid per share (1)

 

$

 

$

 

$

 

$

 

Weighted average common shares outstanding - basic

 

43,161,510

 

43,196,895

 

43,231,510

 

43,403,894

 

Weighted average common shares outstanding - diluted

 

43,161,510

 

43,196,895

 

43,231,510

 

43,403,894

 

 

 

(1)

Does not include cash dividends paid by Baltic Trading.

(2)

Amounts may not total to annual earnings (loss) because each  quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.