XML 18 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 94,391 $ 136,227
Operating expenses:    
Voyage expenses 37,435 38,464
Vessel operating expenses 24,393 27,013
Charter hire expenses 3,664 7,638
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,559 and $690, respectively) 7,750 6,043
Technical management fees 762 917
Depreciation and amortization 15,944 14,059
Total operating expenses 89,948 94,134
Operating income 4,443 42,093
Other income (expense):    
Other (expense) income (324) 1,997
Interest income 770 17
Interest expense (2,029) (2,242)
Other expense, net (1,583) (228)
Net income 2,860 41,865
Less: Net income attributable to noncontrolling interest 226 176
Net income attributable to Genco Shipping & Trading Limited $ 2,634 $ 41,689
Earnings per share-basic $ 0.06 $ 0.99
Earnings per share-diluted $ 0.06 $ 0.97
Weighted average common shares outstanding-basic 42,632,059 42,166,106
Weighted average common shares outstanding-diluted 43,097,362 42,867,349
Voyage    
Revenues:    
Total revenues $ 94,391 $ 136,227