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UNAUDITED QUARTERLY RESULTS OF OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2016
UNAUDITED QUARTERLY RESULTS OF OPERATIONS  
Schedule of unaudited quarterly results of operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

Successor

 

 

 

Quarter Ended (2)

 

(In thousands, except share and per share amounts)

    

March 31, 

    

June 30, 

    

September 30, 

    

December 31, 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Voyage Revenues

 

$
20,131

 

$
31,460

 

$
37,871

 

$
43,785

 

Operating loss

 

 
(46,960)

 

 
(100,766)

 

 
(20,115)

 

 
(18,634)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

 
(54,483)

 

 
(110,653)

 

 
(27,514)

 

 
(25,104)

 

Net loss attributable to noncontrolling interest

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net loss attributable to Genco Shipping & Trading Limited

 

 
(54,483)

 

 
(110,653)

 

 
(27,514)

 

 
(25,104)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic (1)

 

$
(7.55)

 

$
(15.32)

 

$
(3.80)

 

$
(3.43)

 

Net loss per share - diluted (1)

 

$
(7.55)

 

$
(15.32)

 

$
(3.80)

 

$
(3.43)

 

Weighted average common shares outstanding - basic

 

 
7,218,795

 

 
7,221,735

 

 
7,245,268

 

 
7,318,452

 

Weighted average common shares outstanding - diluted

 

 
7,218,795

 

 
7,221,735

 

 
7,245,268

 

 
7,318,452

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

Successor

 

 

 

Quarter Ended (2)

 

(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)

 

$
(6.36)

 

$
(6.67)

 

$
(9.54)

 

$
(6.86)

 

Net loss per share - diluted (1)

 

$
(6.36)

 

$
(6.67)

 

$
(9.54)

 

$
(6.86)

 

Weighted average common shares outstanding - basic

 

 
6,043,078

 

 
6,048,719

 

 
6,982,434

 

 
7,217,404

 

Weighted average common shares outstanding - diluted

 

 
6,043,078

 

 
6,048,719

 

 
6,982,434

 

 
7,217,404

 

(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.

 

(2)

Amounts may not total to annual amountsfor the years ended December 31, 2016 and 2015 as reported in the Consolidated Statements of Operations due to rounding.