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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 83,361 $ 135,970 $ 268,309 $ 409,961
Operating expenses:        
Voyage expenses 34,256 39,496 100,522 110,420
Vessel operating expenses 24,746 22,090 71,725 78,567
Charter hire expenses 2,026 6,952 6,731 19,633
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,397, $840, $4,175 and $2,356, respectively) 6,585 5,911 21,267 18,334
Technical management fees 973 761 3,084 2,378
Depreciation and amortization 17,026 15,582 49,762 44,162
Impairment of vessel assets 28,102   28,102  
Total operating expenses 113,714 90,792 281,193 273,494
Operating (loss) income (30,353) 45,178 (12,884) 136,467
Other income (expense):        
Other (expense) income (100) (2,146) (298) 617
Interest income 588 292 1,877 377
Interest expense (1,999) (2,276) (6,158) (6,923)
Other expense, net (1,511) (4,130) (4,579) (5,929)
Net (loss) income (31,864) 41,048 (17,463) 130,538
Less: Net income attributable to noncontrolling interest 140 220 345 639
Net (loss) income attributable to Genco Shipping & Trading Limited $ (32,004) $ 40,828 $ (17,808) $ 129,899
Net (loss) earnings per share-basic $ (0.75) $ 0.96 $ (0.42) $ 3.07
Net (loss) earnings per share-diluted $ (0.75) $ 0.95 $ (0.42) $ 3.03
Weighted average common shares outstanding-basic 42,816,045 42,529,865 42,745,681 42,361,797
Weighted average common shares outstanding-diluted 42,816,045 42,881,541 42,745,681 42,915,240
Voyage revenues        
Revenues:        
Total revenues $ 83,361 $ 135,970 $ 268,309 $ 409,961