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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 121,074 $ 83,414
Restricted cash 19,500 9,750
Due from charterers, net 10,586 14,739
Prepaid expenses and other current assets 21,369 22,423
Total current assets 172,529 130,326
Noncurrent assets:    
Vessels, net of accumulated depreciation of $107,998 and $36,258, respectively 1,508,221 1,532,843
Deposits on vessels 0 25,593
Deferred drydock, net of accumulated amortization of $3,207 and $330, respectively 16,177 6,234
Deferred financing costs, net of accumulated amortization of $3,107 and $729, respectively 12,705 10,271
Fixed assets, net of accumulated depreciation and amortization of $404 and $119, respectively 1,286 701
Other noncurrent assets 514 514
Restricted cash 315 19,945
Investments 12,327 26,486
Total noncurrent assets 1,551,545 1,622,587
Total assets 1,724,074 1,752,913
Current liabilities:    
Accounts payable and accrued expenses 27,467 28,217
Current portion of long-term debt 588,434 34,324
Deferred revenue 1,058 1,397
Total current liabilities: 616,959 63,938
Noncurrent liabilities:    
Long-term lease obligations 1,149 390
Long-term debt   395,811
Total noncurrent liabilities 1,149 396,201
Total liabilities $ 618,108 $ 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 December 31, 2015 and 2014, respectively $ 728 $ 615
Successor company additional paid-in capital 1,482,450 1,251,197
Accumulated other comprehensive loss (21) (25,317)
Retained deficit (377,191) (182,294)
Total Genco Shipping & Trading Limited shareholders' equity 1,105,966 1,044,201
Noncontrolling interest   248,573
Total equity 1,105,966 1,292,774
Total liabilities and equity $ 1,724,074 $ 1,752,913