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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 90,556 $ 137,764 $ 184,947 $ 273,991
Operating expenses:        
Voyage expenses 28,830 32,460 66,265 70,924
Vessel operating expenses 22,586 29,463 46,979 56,477
Charter hire expenses 1,040 5,044 4,705 12,682
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,219, $826, $2,778 and $1,516, respectively) 6,933 6,381 14,682 12,424
Technical management fees 1,349 700 2,111 1,617
Depreciation and amortization 16,791 14,521 32,736 28,579
Total operating expenses 77,529 88,569 167,478 182,703
Operating income 13,027 49,195 17,469 91,288
Other income (expense):        
Other income (expense) 125 767 (198) 2,764
Interest income 520 68 1,290 85
Interest expense (2,131) (2,405) (4,160) (4,647)
Other expense, net (1,486) (1,570) (3,068) (1,798)
Net income 11,541 47,625 14,401 89,490
Less: Net (loss) income attributable to noncontrolling interest (21) 243 205 419
Net income attributable to Genco Shipping & Trading Limited $ 11,562 $ 47,382 $ 14,196 $ 89,071
Earnings per share-basic $ 0.27 $ 1.12 $ 0.33 $ 2.11
Earnings per share-diluted $ 0.27 $ 1.10 $ 0.33 $ 2.07
Weighted average common shares outstanding-basic 42,786,918 42,385,423 42,709,916 42,276,371
Weighted average common shares outstanding-diluted 43,134,152 42,996,676 43,115,859 42,932,370
Voyage revenues        
Revenues:        
Total revenues $ 90,556 $ 137,764 $ 184,947 $ 273,991