XML 26 R12.htm IDEA: XBRL DOCUMENT v3.23.1

CASH FLOW INFORMATION

3 Months Ended

Mar. 31, 2023

CASH FLOW INFORMATION

CASH FLOW INFORMATION

3 - CASH FLOW INFORMATION

​

For the three months ended March 31, 2023, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expenses consisting of $766 for the Purchase of vessels and ballast water treatment systems, including deposits, and $553 for the Purchase of other fixed assets. For the three months ended March 31, 2023, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expense consisting of $906 for Cash dividends payable.

​

For the three months ended March 31, 2022, the Company had non-cash investing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expenses consisting of $615 for the Purchase of vessels and ballast water treatment systems, including deposits, and $716 for the Purchase of other fixed assets. For the three months ended March 31, 2022, the Company had non-cash financing activities not included in the Condensed Consolidated Statement of Cash Flows for items included in Accounts payable and accrued expense consisting of $322 for Cash dividends payable.

​

During the three months ended March 31, 2023 and 2022, cash paid for interest, net of amounts capitalized, was $3,331 and $1,793, respectively, which was offset by $1,827 and $0 received as result of the interest rate cap agreements, respectively.

​

During the three months ended March 31, 2023 and 2022, any cash paid for income taxes was insignificant.

​

During the three months ended March 31, 2022, the Company reclassified $18,543 from Deposits on vessels to Vessels, net of accumulated depreciation upon the delivery of the Genco Mary and the Genco Laddey. Refer to Note 4 — Vessel Acquisitions and Dispositions.

​

On February 21, 2023, the Company issued 68,758 restricted stock units to certain individuals. The aggregate fair value of these restricted stock units was $1,250.

​

On February 23, 2022, the Company issued 201,934 restricted stock units to certain individuals. The aggregate fair value of these restricted stock units was $3,950.

​

Refer to Note 13 — Stock-Based Compensation for further information regarding the aforementioned restricted stock issuances.

​

Supplemental Condensed Consolidated Cash Flow information related to leases is as follows:

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​	​	2023		​	2022		​
Cash paid for amounts included in the measurement of lease liabilities:	​	​	​	​	​	​	​
Operating cash flows from operating leases	​	$	557	​	$	557	​

​

X

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-URI http://asc.fasb.org/topic&trid=2134446

+ Details

Name:	us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SupplementalCashFlowElementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration