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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 61,648 $ 83,414
Restricted cash 9,750 9,750
Due from charterers, net of a reserve of $1,292 and $1,588, respectively 14,456 14,739
Prepaid expenses and other current assets 22,616 22,423
Total current assets 108,470 130,326
Noncurrent assets:    
Vessels, net of accumulated depreciation of $70,977 and $36,258, respectively 1,490,043 1,532,843
Deposits on vessels 19,926 25,593
Deferred drydock, net of accumulated amortization of $1,325 and $330, respectively 12,539 6,234
Deferred financing costs, net of accumulated amortization of $1,780 and $729, respectively 11,348 10,271
Fixed assets, net of accumulated depreciation and amortization of $236 and $119, respectively 1,017 701
Other noncurrent assets 514 514
Restricted cash 300 19,945
Investments 25,443 26,486
Total noncurrent assets 1,561,130 1,622,587
Total assets 1,669,600 1,752,913
Current liabilities:    
Accounts payable and accrued expenses 33,132 28,217
Current portion of long-term debt 44,792 34,324
Deferred revenue 1,398 1,397
Total current liabilities 79,322 63,938
Noncurrent liabilities:    
Long-term lease obligations 789 390
Long-term debt 403,825 395,811
Total noncurrent liabilities 404,614 396,201
Total liabilities $ 483,936 $ 460,139
Commitments and contingencies    
Genco Shipping & Trading Limited shareholders' equity:    
Successor Company common stock, par value $0.01; 250,000,000 shares authorized; issued and outstanding 61,610,503 and 61,541,389 shares at June 30, 2015 and December 31, 2014, respectively $ 615 $ 615
Successor company additional paid-in capital 1,274,588 1,251,197
Accumulated other comprehensive loss (26,360) (25,317)
Retained deficit (261,067) (182,294)
Total Genco Shipping & Trading Limited shareholders' equity 987,776 1,044,201
Noncontrolling interest 197,888 248,573
Total equity 1,185,664 1,292,774
Total liabilities and equity $ 1,669,600 $ 1,752,913