XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 80,939 $ 107,047 $ 152,208 $ 224,482
Operating expenses:        
Voyage expenses 32,005 30,273 59,359 67,473
Vessel operating expenses 23,747 26,977 48,663 52,909
Charter hire expenses 2,035 2,455 4,320 5,965
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,780, $1,451, $3,276 and $2,833, respectively) 7,399 6,320 14,893 13,984
Technical management expenses 1,231 1,260 2,556 2,291
Depreciation and amortization 18,133 17,096 35,797 34,319
Impairment of vessel assets 651 5,634 651 5,634
Net gain on sale of vessels   (13,206)   (12,228)
Other operating expense   3,924   5,728
Total operating expenses 85,201 80,733 166,239 176,075
Operating (loss) income (4,262) 26,314 (14,031) 48,407
Other (expense) income:        
Other expense (232) (90) (245) (24)
Interest income 243 721 612 1,545
Interest expense (2,558) (3,452) (5,107) (7,492)
Other expense, net (2,547) (2,821) (4,740) (5,971)
Net (loss) income (6,809) 23,493 (18,771) 42,436
Less: Net (loss) income attributable to noncontrolling interest (8) 26 (47) 171
Net (loss) income attributable to Genco Shipping & Trading Limited $ (6,801) $ 23,467 $ (18,724) $ 42,265
Net (loss) earnings per share-basic $ (0.16) $ 0.54 $ (0.43) $ 0.98
Net (loss) earnings per share-diluted $ (0.16) $ 0.54 $ (0.43) $ 0.97
Weighted average common shares outstanding-basic 43,350,232 43,073,440 43,276,496 42,995,844
Weighted average common shares outstanding-diluted 43,350,232 43,664,447 43,276,496 43,635,513
Voyage revenues        
Revenues:        
Total revenues $ 80,939 $ 107,047 $ 152,208 $ 224,482