Genco Shipping & Trading Limited (GNK)

Genco Shipping & Trading Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	46.67	46.54	58.14	114.57	143.87	155.89
Trading Asset Securities	-	0.57	6.31	-	-	-
Cash & Short-Term Investments	46.67	47.11	64.45	114.57	143.87	155.89
Cash Growth	-4.04%	-26.90%	-43.74%	-20.36%	-7.71%	-21.07%
Accounts Receivable	20.43	17.82	25.33	20.12	12.99	13.7
Other Receivables	-	1.4	1.18	2.35	1.92	2.04
Receivables	20.43	19.22	26.51	22.47	14.91	15.74
Inventory	24.92	26.75	21.6	24.56	21.58	27.21
Prepaid Expenses	10.86	4.81	3.1	3.11	3	2.87
Restricted Cash	-	-	5.64	5.64	35.49	6.05
Other Current Assets	24.59	59.38	4.12	4.48	28.35	15.44
Total Current Assets	127.47	157.27	125.43	174.83	247.2	223.2
Property, Plant & Equipment	886.58	954.81	1,015	993.87	932.39	1,288
Long-Term Investments	-	-	0.42	1.17	-	-
Long-Term Deferred Charges	30.13	29.5	32.25	14.28	14.69	17.3
Other Long-Term Assets	0.32	0.32	0.32	18.86	38.53	0.32
Total Assets	1,044	1,142	1,174	1,203	1,233	1,529
Accounts Payable	13.99	10.65	16.16	9.4	11.86	26.04
Accrued Expenses	18.94	13.6	13.31	20.56	10.93	23.56
Current Portion of Long-Term Debt	-	-	-	-	80.64	69.75
Current Portion of Leases	2.39	2.3	2.11	1.86	1.77	1.68
Current Unearned Revenue	5.89	8.75	4.96	10.08	8.42	6.63
Total Current Liabilities	41.21	35.29	36.54	41.9	113.62	127.66
Long-Term Debt	71.67	190.17	164.92	238.23	358.93	412.98
Long-Term Leases	-	1.8	4.1	6.2	8.06	9.83
Long-Term Unearned Revenue	-	-	-	-	7.2	-
Total Liabilities	112.88	227.26	205.56	286.33	487.82	550.46
Common Stock	0.43	0.43	0.42	0.42	0.42	0.42
Additional Paid-In Capital	1,507	1,553	1,589	1,702	1,713	1,721
Retained Earnings	-577.39	-641.12	-628.25	-786.82	-968.83	-743.26
Comprehensive Income & Other	-	0.53	6.48	0.83	-	-
Total Common Equity	929.94	913.26	967.43	916.59	744.99	978.43
Minority Interest	1.68	1.39	0.88	0.09	-	-
Shareholders' Equity	931.62	914.65	968.31	916.68	744.99	978.43
Total Liabilities & Equity	1,044	1,142	1,174	1,203	1,233	1,529
Total Debt	74.06	194.27	171.12	246.29	449.4	494.23
Net Cash (Debt)	-27.39	-147.15	-106.67	-131.72	-305.53	-338.34
Net Cash Per Share	-0.63	-3.44	-2.49	-3.09	-7.29	-8.10
Filing Date Shares Outstanding	42.76	42.73	42.33	41.96	41.8	41.75
Total Common Shares Outstanding	42.76	42.55	42.33	41.92	41.8	41.75
Working Capital	86.26	121.99	88.89	132.94	133.58	95.54
Book Value Per Share	21.75	21.46	22.86	21.86	17.82	23.43
Tangible Book Value	929.94	913.26	967.43	916.59	744.99	978.43
Tangible Book Value Per Share	21.75	21.46	22.86	21.86	17.82	23.43
Machinery	1,188	1,255	1,319	1,244	1,131	1,570
Leasehold Improvements	-	1.59	1.58	1.39	1.37	0.1

Source: S&P Capital IQ. Standard template. Financial Sources.