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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 43,113 $ 114,573
Restricted cash 5,643 5,643
Due from charterers, net of a reserve of $1,556 and $1,403, respectively 20,039 20,116
Prepaid expenses and other current assets 11,186 9,935
Inventories 23,337 24,563
Fair value of assets position 1,822  
Total current assets 105,140 174,830
Noncurrent assets:    
Vessels, net of accumulated depreciation of $265,189 and $253,005, respectively 1,031,948 981,141
Deposits on vessels   18,543
Deferred drydock, net of accumulated amortization of $13,660 and $12,879 respectively 14,577 14,275
Fixed assets, net of accumulated depreciation and amortization of $4,593 and $3,984, respectively 7,784 7,237
Operating lease right-of-use assets 5,144 5,495
Restricted cash 315 315
Fair value of derivative instruments 2,594 1,166
Total noncurrent assets 1,062,362 1,028,172
Total assets 1,167,502 1,203,002
Current liabilities:    
Accounts payable and accrued expenses 25,800 29,956
Deferred revenue 10,133 10,081
Current operating lease liabilities 1,882 1,858
Total current liabilities: 37,815 41,895
Noncurrent liabilities:    
Long-term operating lease liabilities 5,723 6,203
Long-term debt, net of deferred financing costs of $7,355 and $7,771, respectively 189,895 238,229
Total noncurrent liabilities 195,618 244,432
Total liabilities 233,433 286,327
Commitments and contingencies (Note 13)
Equity:    
Common stock, par value $0.01; 500,000,000 shares authorized; 42,102,336 and 41,924,597 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 421 419
Additional paid-in capital 1,674,400 1,702,166
Accumulated other comprehensive income 4,118 825
Accumulated deficit (745,134) (786,823)
Total Genco Shipping & Trading Limited shareholders' equity 933,805 916,587
Noncontrolling interest 264 88
Total equity 934,069 916,675
Total liabilities and equity $ 1,167,502 $ 1,203,002