UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2015

UNAUDITED QUARTERLY RESULTS OF OPERATIONS

Schedule of unaudited quarterly results of operations

	2015
	Successor
	Quarter Ended
(In thousands, except share and per share amounts)	March 31			June 30			September 30			December 31

Voyage Revenues	$	33,609		$	33,772		$	49,167		$	34,236
Operating loss	(73,763		)	(46,194		)	(35,294		)	(37,616		)

Net loss	(79,115		)	(51,952		)	(73,803		)	(49,498		)
Net loss attributable to noncontrolling interest	(40,673		)	(11,620		)	(7,178		)	—
Net loss attributable to Genco Shipping & Trading Limited	(38,442		)	(40,332		)	(66,625		)	(49,498		)

Net loss per share - basic (1)	$	(0.64	)	$	(0.67	)	$	(0.95	)	$	(0.69	)

Net loss per share - diluted (1)	$	(0.64	)	$	(0.67	)	$	(0.95	)	$	(0.69	)

Weighted average common shares outstanding - basic	60,430,789			60,487,189			69,824,338			72,174,041

Weighted average common shares outstanding - diluted	60,430,789			60,487,189			69,824,338			72,174,041

	2014
	Predecessor									Successor
							Period from			Period from			Quarter Ended
	Quarter Ended						July 1 to July 9			July 9 to			December 31
(In thousands, except share and per share amounts)	March 31			June 30			(restated)			September 30			(restated)

Voyage Revenues	$	63,180		$	51,545		$	4,034		$	43,943		$	54,874
Operating loss	(20,766		)	(26,552		)	(8,356		)	(17,436		)	(185,796		)

Net loss	(42,238		)	(65,557		)	(905,455		)	(22,562		)	(190,795		)
Net loss attributable to noncontrolling interest	(3,133		)	(5,033		)	(53,935		)	(4,272		)	(26,792		)
Net loss attributable to Genco Shipping & Trading Limited	(39,105		)	(60,524		)	(851,520		)	(18,290		)	(164,003		)

Net loss per share - basic (1)	$	(0.90	)	$	(1.39	)	$	(19.54	)	$	(0.30	)	$	(2.72	)

Net loss per share - diluted (1)	$	(0.90	)	$	(1.39	)	$	(19.54	)	$	(0.30	)	$	(2.72	)

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

(1)

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