GNK Stock Cash Flow Statements

Genco Shipping & Trading Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Genco Shipping & Trading Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net income	12,486,000	21,574,000	23,493,000	18,943,000	-31,864,000	11,541,000	2,860,000	41,048,000	47,625,000	41,865,000	57,132,000	32,037,000	1,985,000	-21,098,000	883,000	-14,591,000	-34,476,000	-7,801,000	18,284,000	5,707,000	-1,118,000	-55,813,000	2,570,000	-31,183,000	-14,512,000	-15,600,000	-54,483,000	-19,155,000	-36,976,000	-48,940,000	-51,950,000	-48,861,000	-42,038,000	-30,494,000	-36,383,000	1,650,000	1,419,000	9,828,000	12,171,000	37,546,000	38,106,000	38,656,000	33,101,000	35,493,000	34,272,000	37,618,000	41,241,000	-111,304,000	62,998,000	60,899,000	73,987,000	56,931,000	16,320,000	13,721,000	19,837,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	17,727,000	16,620,000	17,096,000	17,223,000	17,026,000	16,792,000	15,944,000	15,583,000	14,520,000	14,059,000	14,200,000	13,768,000	13,441,000	16,115,000	18,292,000	18,184,000	18,272,000	18,076,000	18,371,000	17,269,000	16,450,000	16,886,000	17,582,000	17,836,000	18,185,000	18,173,000	20,339,000	36,421,000	35,222,000	34,722,000	34,378,000	35,109,000	35,038,000	34,491,000	34,425,000	34,719,000	34,378,000	34,025,000	33,081,000	34,572,000	29,997,000	26,260,000	24,834,000	23,971,000	22,297,000	20,933,000	20,949,000	19,942,000	18,841,000	16,748,000	15,864,000	11,600,000	8,159,000	7,433,000	7,186,000
amortization of deferred financing costs	505,000	504,000	498,000	499,000	483,000	422,000	418,000	427,000	423,000	418,000	875,000	1,259,000	976,000	997,000	960,000	961,000	952,000	915,000	925,000	871,000	666,000	573,000	586,000	586,000	580,000	573,000	729,000	2,254,000	3,171,000	1,856,000	1,835,000	1,858,000	1,596,000	979,000	980,000	820,000	796,000	794,000	778,000	776,000	589,000	338,000	264,000	270,000	270,000	267,000	230,000	4,359,000	214,000	151,000	191,000	162,000	3,694,000	176,000	96,000
right-of-use asset amortization	326,000	373,000	371,000	368,000	363,000	361,000	360,000	355,000	354,000	351,000	347,000	346,000	344,000
amortization of nonvested stock compensation expense	1,509,000	1,508,000	1,451,000	1,382,000	1,397,000	1,219,000	1,559,000	840,000	826,000	690,000	597,000	551,000	522,000	534,000	461,000	575,000	569,000	452,000	455,000	645,000	638,000	493,000	517,000	1,255,000	1,570,000	711,000	5,486,000	1,012,000	1,090,000	1,147,000	1,233,000	1,273,000	1,472,000	1,469,000	1,650,000	1,721,000	2,094,000	2,084,000	2,439,000	1,902,000	2,034,000	2,028,000	1,255,000	865,000	1,032,000	1,091,000	1,232,000	1,282,000	1,476,000	1,607,000	1,588,000	437,000	470,000	585,000	586,000
impairment of vessel assets	0	961,000												21,896,000	1,315,000	12,181,000			0	0	184,000	56,402,000	0	18,654,000			1,685,000
net gain on sale of vessels	225,000	-4,465,000
amortization of premium on derivatives	0	0	0	45,000	59,000
insurance proceeds for protection and indemnity claims	15,000	5,000	149,000	117,000	84,000	134,000	34,000	540,000	70,000	99,000	812,000	60,000	41,000	52,000	81,000	24,000	163,000	226,000	35,000	81,000	119,000	68,000
insurance proceeds for loss of hire claims	407,000				354,000									0					0	0
change in assets and liabilities:
decrease (increase) in due from charterers					171,000								1,748,000		6,690,000	-4,673,000	1,547,000	5,041,000														-3,098,000	2,340,000						1,115,000							-983,000	1,150,000	-782,000
decrease in prepaid expenses and other current assets
decrease in inventories														1,875,000
increase in accounts payable and accrued expenses	1,783,000	4,930,000	-2,932,000	5,831,000	7,732,000			-1,258,000	11,436,000	-2,834,000	-3,917,000	3,480,000	1,548,000	-502,000	8,111,000	4,233,000	2,942,000	-2,114,000	-5,598,000	5,885,000	1,190,000	1,094,000	728,000					2,619,000	-1,540,000	1,597,000	89,000									2,306,000	5,629,000	477,000	1,636,000	-2,886,000	2,057,000	818,000	885,000	-1,235,000	2,149,000	2,404,000	-804,000	2,695,000	2,257,000	497,000	715,000
decrease in deferred revenue																		-1,907,000
decrease in operating lease liabilities	-512,000	-577,000	-570,000	-563,000	-548,000	-523,000	-480,000	-467,000	-461,000	-456,000	-443,000	-439,000	-432,000	-422,000	-405,000	-401,000	-396,000	-390,000
deferred drydock costs incurred	-4,795,000	-9,554,000	-4,015,000	-2,194,000	-2,986,000	-3,632,000	-4,112,000	-8,058,000	-12,519,000	-1,685,000	-63,000	-883,000	-939,000	-1,206,000	-2,676,000	-6,477,000	-5,078,000	-410,000	-3,000	-774,000	-13,000	-1,446,000	-97,000	-2,394,000	-2,463,000	-2,828,000		-2,859,000																-653,000	-1,479,000	-1,622,000	-837,000	-2,020,000	-3,132,000	-689,000	-506,000	-838,000	-832,000	-986,000	-861,000
net cash from operating activities	29,994,000	35,572,000	29,032,000	32,251,000	13,218,000	19,382,000	19,566,000	54,289,000	46,604,000	52,555,000	72,435,000	49,058,000	13,494,000	24,992,000	30,768,000	13,935,000	3,211,000	11,612,000	22,532,000	18,356,000	15,558,000	9,461,000	22,076,000	5,024,000	5,398,000	-5,983,000		21,482,000								36,847,000	38,371,000	42,813,000	40,152,000	72,952,000	71,713,000	63,022,000	54,993,000	53,449,000	56,520,000	54,274,000	55,486,000	59,990,000	75,799,000	75,916,000	55,711,000	45,022,000	28,300,000	24,211,000	23,329,000

cash flows from investing activities:
purchase of vessels and ballast water treatment systems, including deposits	-49,711,000	-2,565,000	-472,000	-930,000	-354,000	-1,128,000	-2,003,000	-2,533,000	-2,864,000	-45,482,000	-88,521,000	-23,488,000	-1,190,000	-1,104,000
purchase of other fixed assets	-731,000	-886,000	-1,142,000	-240,000	-367,000	-717,000	-1,085,000	-1,002,000	-444,000	-1,483,000	-470,000	-279,000	-152,000	-968,000	-1,124,000	-1,096,000	-1,295,000	-1,199,000	-574,000	-397,000	-333,000	-158,000	-92,000	-133,000	-44,000	-21,000		-778,000																-395,000	-326,000	-307,000	-45,000	-45,000	-85,000	-63,000	-14,000	-18,000	-261,000	-136,000	-144,000
net proceeds from sale of vessels	24,274,000	11,362,000	49,238,000	18,505,000							7,600,000	7,824,000	21,272,000	15,128,000	20,654,000	0	-42,000	6,351,000	33,704,000				0	0	2,916,000	12,597,000
insurance proceeds for hull and machinery claims	300,000	687,000	0	159,000	959,000	1,167,000	235,000	0			0	234,000	61,000	0	0	0			163,000	359,000	1,500,000	1,607,000
net cash from investing activities	-25,868,000	8,598,000	47,624,000	17,494,000	238,000	-678,000	-2,853,000	-3,535,000	-3,015,000	-46,965,000	-81,458,000	-15,794,000	19,950,000	12,947,000	8,948,000	-18,100,000	-9,575,000	-4,122,000	31,116,000	-228,360,000	420,000	1,449,000	-3,176,000	1,115,000	3,835,000	13,187,000	389,000	-105,031,000																-96,083,000	-207,727,000	-1,187,000	-1,213,000	-88,010,000	-124,278,000	-169,649,000	-132,351,000	-329,354,000	-564,595,000	-103,218,000	12,817,000
cash flows from financing activities:
proceeds from the 500 million revolver
repayments on the 500 million revolver	-10,000,000	-25,000,000	-65,000,000	-30,000,000
cash dividends paid	-17,101,000	-14,538,000	-17,987,000	-17,885,000	-6,381,000	-6,459,000	-21,666,000	-21,141,000	-33,283,000	-28,289,000	-4,192,000	-2,095,000	-888,000	-837,000																																		-31,519,000	-31,795,000	-29,078,000	-24,717,000	-19,056,000	-16,839,000	-16,840,000	-16,842,000
payment of deferred financing costs	0	0	0	-38,000				0	0	-11,000				-179,000	0	0	-20,000	-591,000	-346,000	-1,820,000								-794,000																	0	-108,000	-3,444,000	-146,000	-3,269,000	0	-344,000	-25,000	-6,393,000
net cash from financing activities	-7,101,000	-39,538,000	-82,987,000	-47,923,000	-15,131,000	-15,209,000	-30,416,000	-29,891,000	-42,033,000	-77,050,000	-71,691,000	-36,088,000	-49,098,000	-20,056,000	-43,658,000	4,920,000	-21,175,000	-17,276,000	-16,926,000	105,732,000	53,134,000	-14,657,000	-2,133,000	-781,000	-953,000	-1,731,000		96,779,000	80,568,000					-8,089,000	28,231,000			245,000	461,000	8,040,000	487,674,000	-4,196,000	198,642,000	-12,856,000	166,200,000	-108,000	-3,444,000	10,521,000	94,970,000	141,402,000	53,439,000	304,590,000	519,735,000	59,647,000	-22,542,000
net decrease in cash, cash equivalents and restricted cash					-1,675,000	3,495,000	-13,703,000	20,863,000	1,556,000	-71,460,000	-80,714,000	-2,824,000	-15,654,000	17,883,000				-9,786,000
cash, cash equivalents and restricted cash at beginning of period	0	0	0	46,857,000	0	0	64,100,000	0	0	120,531,000	0	0	179,679,000	0	0	0	0	202,761,000	0	0	0	204,946,000
cash, cash equivalents and restricted cash at end of period	-2,975,000	4,632,000	-6,331,000	48,679,000	-1,675,000	3,495,000	50,397,000	20,863,000	1,556,000	49,071,000	-80,714,000	-2,824,000	164,025,000	17,883,000	-3,942,000	755,000	-27,539,000	192,975,000	36,722,000	-104,272,000	69,112,000	201,199,000
net income on sale of vessels
increase in inventories				-3,889,000	-4,605,000	2,067,000	-3,428,000	-441,000			2,719,000	-2,293,000	-2,565,000					-1,077,000	432,000	-6,916,000	-3,170,000	-4,561,000
increase in deferred revenue	-1,221,000	-1,683,000	1,890,000	-3,067,000	-1,411,000	2,916,000	71,000	8,675,000	-4,344,000	52,000	5,066,000	1,986,000	-1,032,000	3,950,000	302,000	-1,938,000			-3,827,000	3,832,000	1,295,000	-110,000	2,090,000	984,000	132,000	28,000		175,000	85,000															331,000	1,305,000	-40,000	-1,419,000	-85,000	902,000	1,916,000	551,000	2,402,000	1,941,000	646,000	919,000
net increase in cash, cash equivalents and restricted cash				1,822,000															36,722,000	-104,272,000	69,112,000	-3,747,000
increase in due from charterers	-942,000	9,235,000	-7,781,000	-4,073,000				-903,000			-8,157,000								-3,770,000	-4,128,000	-1,122,000	-1,079,000	-1,987,000					539,000																						-1,204,000	-353,000	407,000	-869,000	-897,000	-513,000
increase in prepaid expenses and other current assets	-203,000				-1,139,000	-1,480,000	-2,263,000			-1,350,000	701,000	1,798,000	-2,692,000		-134,000				-660,000	-3,056,000	830,000	-3,740,000	-60,000	-178,000	-6,200,000	-483,000		-675,000																1,447,000	852,000	701,000	-3,236,000	55,000	-1,435,000	125,000	-1,808,000	-509,000	110,000	-330,000	-1,512,000
decrease (increase) in inventories	2,684,000	-511,000								1,226,000					-4,226,000	6,343,000
proceeds from the 450 million credit facility
repayments on the 450 million credit facility					-8,750,000	-8,750,000	-8,750,000	-8,750,000	-8,750,000	-48,750,000
decrease (increase) in prepaid expenses and other current assets			723,000	651,000													-762,000	927,000									811,000						298,000
loss on sale of vessels				978,000							159,000	15,000	720,000
amortization of premium on derivative							59,000	-47,000	67,000	43,000	42,000	42,000	69,000
decrease in due from charterers							8,641,000			77,000				2,464,000											2,627,000	1,313,000	2,213,000								2,449,000
decrease in accounts payable and accrued expenses							-97,000																		1,778,000	-3,184,000
amortization of fair market value of time charters acquired
loss on debt extinguishment																			0	0
interest rate cap premium payment											0	0	-240,000
purchase of scrubbers											-67,000	-85,000	-41,000	-109,000	-7,014,000	-14,366,000
repayments on the 133 million credit facility											-90,620,000	-1,580,000	-22,740,000	-2,380,000
repayments on the 495 million credit facility											-276,405,000	-32,413,000	-25,470,000	-16,660,000	-21,201,000	-15,000,000	-19,575,000	-15,000,000
proceeds from the 133 million credit facility														0
proceeds from the 495 million credit facility														0
noncash operating lease expense														340,000	335,000	334,000	292,000	285,000
impairment of right-of-use asset															0	0
gain on sale of vessels														358,000	779,000	0	0	-611,000	-2,004,000							-6,369,000																									-26,227,000
payment of common stock issuance costs															0	0	0	-105,000	0	-448,000
pik interest																							-33,000	1,547,000	1,525,000	1,503,000
payment of pik interest																			0	0
decrease in other noncurrent assets																			0	0	0	514,000
increase in deferred rent
proceeds from the 108 million credit facility																			0
repayments on the 108 million credit facility															-1,580,000	-1,580,000	-1,580,000	-1,580,000
proceeds from 495 million credit facility															0
repayments on the 400 million credit facility																			0	0	-388,166,000	-11,434,000	-100,000	-100,000	-100,000	-100,000
repayments on the 98 million credit facility																			0	0	-91,397,000	-2,542,000
repayments on the 2014 term loan facilities																			0	0	-24,863,000	-681,000	-701,000	-681,000	-700,000	-681,000
payment of debt extinguishment costs																			0	0
proceeds from issuance of common stock																			0	0												0	0	0	50,721,000					0
payment of series a preferred stock issuance costs																							0	0	-153,000	-950,000
purchase of vessels, including deposits																-2,638,000	1,520,000	-9,274,000	-2,177,000	-238,948,000			-10,000	0	-217,000	-35,000
proceeds from 460 million credit facility
impairment of investment
realized gain on sale of investment
increase in lease obligations																			-108,000	449,000	359,000	180,000	180,000	180,000	180,000	180,000	180,000	-9,000	27,000	0	125,000	449,000	268,000	209,000	398,000
sale of afs securities																											859,000
proceeds from the 460 million credit facility																			0	0
repayments on the 460 million credit facility
proceeds from 400 million credit facility
repayments on the 100 million term loan facility
repayments on the 253 million term loan facility
repayments on the 2015 revolving credit facility
repayments on the 44 million term loan facility
repayments on the 148 million credit facility
repayments on the 22 million term loan facility
cash settlement of non-accredited note holders
proceeds from issuance of series a preferred stock
(gain) loss on sale of vessels																							0	0
realized (gain) loss on sale of investment
proceeds from the 2015 revolving credit facility
proceeds from the 98 million credit facility
proceeds from the 148 million credit facility
repayments on the 2010 credit facility
changes in deposits of restricted cash																								1,248,000	1,180,000	646,000
net increase in cash and cash equivalents																								5,358,000	8,280,000	5,473,000		13,230,000						-665,000	18,715,000		5,555,000	10,764,000	4,589,000	6,010,000	68,728,000	-209,344,000	217,216,000	-55,490,000	14,993,000	52,979,000	50,829,000
cash and cash equivalents at beginning of period																								0	0	133,400,000	121,074,000		0	0	72,600,000		0	0	227,968,000		0	0	270,877,000		0	0	188,267,000	0	0	0	124,956,000	0	0	0	71,496,000	0	0	0	73,554,000
cash and cash equivalents at end of period																								5,358,000	8,280,000	138,873,000	75,604,000		39,937,000	14,506,000	55,049,000		-158,240,000	-665,000	246,683,000		5,555,000	10,764,000	275,466,000		68,728,000	-209,344,000	405,483,000	-55,490,000	14,993,000	52,979,000	175,785,000	-17,499,000	46,491,000	47,669,000	48,295,000	20,258,000	-16,560,000	-19,360,000	87,158,000
realized loss on sale of investment																											73,000
non-cash reorganization items and fresh-start reporting adjustments
goodwill impairment
amortization of time charters acquired																												-51,000
amortization of discount on convertible senior notes																												1,310,000	1,265,000	1,209,000	1,179,000	1,192,000	1,157,000	1,098,000	1,090,000	1,073,000	1,047,000	985,000	967,000	1,013,000
interest expense related to the de-designation of the interest rate swap
proceeds from the 2014 term loan facilities
payment of dividend by subsidiary																												-1,005,000
proceeds from rights offering
payment of common stock issuance costs by subsidiary																												-327,000
net decrease in cash and cash equivalents
receipt of stock in lieu of cash payment
unrealized gain on derivative instruments																												1,000	-2,000	1,000	4,000																4,000				-45,000
increase in other noncurrent assets
repayments on the 2007 credit facility																																																-53,000,000	0	-195,000,000	-73,000,000
proceeds from the 100 million term loan facility																																				20,000,000	20,000,000			0
proceeds from the 253 million term loan facility																																				0	0	0	21,500,000	0
proceeds from the 2010 baltic trading credit facility																												0												31,425,000
proceeds from the baltic trading 22 million term loan facility
repayments on the baltic trading 22 million term loan facility
proceeds from the baltic trading 44 million term loan facility
payment of convertible senior notes issuance costs
proceeds from issuance of common stock by subsidiary																												55,280,000	59,862,000											0	0	0	214,508,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
purchase of vessels																																												-96,096,000	-190,864,000	-204,000	-473,000	-98,377,000	-164,828,000	-93,864,000	-153,276,000	-416,283,000
proceeds from the 2013 baltic trading credit facility
proceeds on the 2010 baltic trading credit facility
deposits on vessels																																													463,000	-676,000	-695,000	53,919,000	23,233,000	-80,178,000	-463,000
proceeds from sale of vessels																																																			43,080,000
proceeds from the baltic trading 2010 credit facility
proceeds from issuance of convertible senior notes																																								0
payment of subsidiary common stock issuance costs
unrealized (gain) loss on derivative instruments
increase in deferred rent credit																																				213,000	377,000															-5,000	-4,000	-5,000	-5,000
proceeds from the 2007 credit facility																																																		169,750,000	151,500,000
payment of deferred financing costs and deferred registration costs
deposits on vessels to be sold
proceeds from sale of vessel																																																	4,000				0	0	13,004,000
payments of subsidiary common stock issuance costs
decrease in deferred rent credit																																												-5,000	-4,000	-5,000	-5,000		-5,000	-4,000	-5,000
deposits of restricted cash																																												-500,000
realized gain on forward currency contracts
unrealized loss on hedged investment
unrealized gain on forward currency contract																																																			-1,678,000
realized income on investments
gain on sale of vessel																																																0	0			-23,472,000	0	0	-3,575,000
loss on forfeiture of vessel deposits
purchase of investments
proceeds from forward currency contracts																																																10,297,000
payments on forfeiture of vessel deposits
payments to acquire and retire common stock																																																-1,502,000
amortization of time charterers acquired
amortization of fair market value of time charterers acquired																																													-4,813,000	-4,761,000	-4,708,000
amortization of fair market value of time charter acquired																																																			-6,849,000
realized (gain) loss on forward currency contracts																																																-10,309,000
unrealized gain on hedged investment
unrealized (gain) loss on forward currency contract
payments on forward currency contracts																																																		1,866,000	-11,428,000	-2,895,000
proceeds from the 2005 credit facility, short-term line and original credit facility
repayments on the 2005 credit facility, short-term line and original credit facility
net proceeds from issuance of common stock																																																-112,000	-176,000
see accompanying notes to consolidated financial statements.
unrealized loss on derivative instruments																																													14,000				-11,000
unrealized gain on forward currency contracts
realized income on investment
proceeds from 2007 credit facility
realized losses on forward currency contracts																																																		-1,866,000	11,473,000
unrealized loss on forward currency contracts
amortization of value of time charterers acquired
unrealized gain on hedged short-term investment																																																	18,742,000	-226,000	-9,668,000	1,016,000
unrealized (gain) loss on forward currency contracts
realized income on short-term investments																																																	-4,411,000
purchase of short-term investments																																																	-1,000	0	-10,250,000	-51,000	-12,444,000
proceeds from 2005 credit facility and short-term line
repayment of 2005 credit facility and short-term line
net increase increase in cash
amortization of value of time charters acquired
unrealized loss on forward currency contract
proceeds from the 2005 credit facility and short-term line
repayments on the 2005 credit facility and short-term line
net increase in cash																																																		47,669,000	-23,201,000	20,258,000	-16,560,000	-19,360,000	13,604,000
realized losses on forward currency contract
capital contributions from shareholder
deposits on vessels to be acquired
supplemental disclosure of cash flow information:
cash paid during the period for interest, net of amounts capitalized
amortization of value of time charter acquired																																																						461,000	456,000
purchase of vessels, net of deposits																																																						0	-43,000
repayment of credit facilities																																																						0	-5,700,000
proceeds from short-term line
cash paid during the period for interest																																																						3,627,000	2,675,000
proceeds from credit facilities
repayments on credit facilities

We provide you with 20 years of cash flow statements for Genco Shipping & Trading stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as operating cash flows, cash levels, capital expenditures, profits, stock-based compensations and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Genco Shipping & Trading stock. Explore the full financial landscape of Genco Shipping & Trading stock with our expertly curated income statements.

The information provided in this report about Genco Shipping & Trading stock is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.