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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 44,478 $ 83,414
Restricted cash 9,750 9,750
Due from charterers, net of a reserve of $1,217 and $1,588, respectively 14,139 14,739
Prepaid expenses and other current assets 22,505 22,423
Total current assets 90,872 130,326
Noncurrent assets:    
Vessels, net of accumulated depreciation of $90,104 and $36,258, respectively 1,501,714 1,532,843
Deposits on vessels 10,183 25,593
Deferred drydock, net of accumulated amortization of $2,196 and $330, respectively 14,656 6,234
Deferred financing costs, net of accumulated amortization of $2,417 and $729, respectively 10,948 10,271
Fixed assets, net of accumulated depreciation and amortization of $319 and $119, respectively 1,115 701
Other noncurrent assets 514 514
Restricted cash 315 19,945
Investments 17,900 26,486
Total noncurrent assets 1,557,345 1,622,587
Total assets 1,648,217 1,752,913
Current liabilities:    
Accounts payable and accrued expenses 33,899 28,217
Current portion of long-term debt 44,242 34,324
Deferred revenue 1,016 1,397
Total current liabilities 79,157 63,938
Noncurrent liabilities:    
Long-term lease obligations 969 390
Long-term debt 418,036 395,811
Total noncurrent liabilities 419,005 396,201
Total liabilities $ 498,162 $ 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 72,898,234 and 61,541,389 shares at September 30, 2015 and December 31, 2014, respectively $ 728 $ 615
Successor company additional paid-in capital 1,477,035 1,251,197
Accumulated other comprehensive loss (17) (25,317)
Retained deficit (327,691) (182,294)
Total Genco Shipping & Trading Limited shareholders' equity 1,150,055 1,044,201
Noncontrolling interest   248,573
Total equity 1,150,055 1,292,774
Total liabilities and equity $ 1,648,217 $ 1,752,913