
Genco Shipping & Trading Ltd
NYSE:GNK

Income Statement
Earnings Waterfall
Genco Shipping & Trading Ltd
Revenue
|
423m
USD
|
Cost of Revenue
|
-237.7m
USD
|
Gross Profit
|
185.3m
USD
|
Operating Expenses
|
-108.2m
USD
|
Operating Income
|
77.2m
USD
|
Other Expenses
|
-775k
USD
|
Net Income
|
76.4m
USD
|
Income Statement
Genco Shipping & Trading Ltd
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
49
|
32
|
18
|
18
|
20
|
23
|
25
|
27
|
28
|
28
|
29
|
30
|
30
|
31
|
32
|
32
|
33
|
34
|
33
|
33
|
32
|
30
|
28
|
25
|
22
|
20
|
19
|
18
|
15
|
13
|
11
|
9
|
9
|
9
|
9
|
8
|
9
|
11
|
12
|
13
|
13
|
|
Revenue |
221
N/A
|
191
-13%
|
174
-9%
|
175
+1%
|
154
-12%
|
141
-9%
|
138
-2%
|
127
-8%
|
136
+7%
|
153
+13%
|
166
+9%
|
179
+7%
|
210
+17%
|
248
+18%
|
289
+16%
|
330
+14%
|
368
+11%
|
384
+5%
|
382
-1%
|
393
+3%
|
390
-1%
|
394
+1%
|
385
-2%
|
369
-4%
|
356
-4%
|
345
-3%
|
392
+14%
|
459
+17%
|
547
+19%
|
596
+9%
|
613
+3%
|
593
-3%
|
537
-10%
|
495
-8%
|
448
-10%
|
395
-12%
|
384
-3%
|
407
+6%
|
423
+4%
|
439
+4%
|
423
-4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(133)
|
(133)
|
(134)
|
(140)
|
(142)
|
(142)
|
(140)
|
(133)
|
(127)
|
(122)
|
(115)
|
(115)
|
(123)
|
(140)
|
(166)
|
(192)
|
(214)
|
(238)
|
(258)
|
(274)
|
(285)
|
(290)
|
(283)
|
(268)
|
(255)
|
(241)
|
(241)
|
(251)
|
(265)
|
(278)
|
(281)
|
(282)
|
(281)
|
(273)
|
(258)
|
(251)
|
(249)
|
(250)
|
(258)
|
(251)
|
(238)
|
|
Gross Profit |
88
N/A
|
58
-34%
|
39
-33%
|
35
-11%
|
12
-66%
|
(2)
N/A
|
(2)
-33%
|
(6)
-150%
|
9
N/A
|
31
+256%
|
51
+65%
|
64
+24%
|
86
+36%
|
108
+25%
|
124
+14%
|
138
+12%
|
154
+11%
|
146
-5%
|
123
-16%
|
119
-3%
|
104
-12%
|
104
+0%
|
102
-2%
|
101
-1%
|
101
N/A
|
104
+3%
|
151
+45%
|
208
+38%
|
283
+36%
|
318
+12%
|
331
+4%
|
312
-6%
|
256
-18%
|
222
-13%
|
190
-15%
|
144
-24%
|
135
-7%
|
156
+16%
|
166
+6%
|
188
+14%
|
185
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(180)
|
(169)
|
(168)
|
(173)
|
(163)
|
(157)
|
(145)
|
(126)
|
(129)
|
(121)
|
(114)
|
(111)
|
(102)
|
(100)
|
(100)
|
(98)
|
(100)
|
(102)
|
(103)
|
(105)
|
(105)
|
(104)
|
(101)
|
(98)
|
(93)
|
(89)
|
(87)
|
(86)
|
(86)
|
(86)
|
(87)
|
(88)
|
(89)
|
(93)
|
(96)
|
(98)
|
(99)
|
(102)
|
(106)
|
(105)
|
(108)
|
|
Selling, General & Administrative |
(68)
|
(73)
|
(90)
|
(95)
|
(84)
|
(77)
|
(64)
|
(47)
|
(54)
|
(48)
|
(42)
|
(40)
|
(30)
|
(30)
|
(31)
|
(30)
|
(31)
|
(32)
|
(32)
|
(33)
|
(32)
|
(31)
|
(31)
|
(30)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(30)
|
(30)
|
(29)
|
(29)
|
(31)
|
(32)
|
(33)
|
(32)
|
(33)
|
(32)
|
(32)
|
(34)
|
|
Depreciation & Amortization |
(113)
|
(96)
|
(79)
|
(78)
|
(80)
|
(80)
|
(81)
|
(79)
|
(76)
|
(74)
|
(73)
|
(72)
|
(72)
|
(71)
|
(69)
|
(68)
|
(69)
|
(70)
|
(72)
|
(73)
|
(73)
|
(72)
|
(70)
|
(68)
|
(65)
|
(61)
|
(59)
|
(57)
|
(56)
|
(57)
|
(58)
|
(59)
|
(60)
|
(62)
|
(64)
|
(66)
|
(66)
|
(68)
|
(68)
|
(68)
|
(69)
|
|
Other Operating Expenses |
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(6)
|
(6)
|
(6)
|
|
Operating Income |
(93)
N/A
|
(111)
-19%
|
(129)
-17%
|
(138)
-7%
|
(152)
-10%
|
(159)
-5%
|
(147)
+7%
|
(132)
+10%
|
(121)
+8%
|
(91)
+25%
|
(63)
+31%
|
(48)
+24%
|
(15)
+68%
|
8
N/A
|
24
+210%
|
40
+66%
|
54
+35%
|
44
-18%
|
20
-55%
|
14
-31%
|
(1)
N/A
|
1
N/A
|
1
+50%
|
3
+244%
|
8
+142%
|
15
+93%
|
64
+340%
|
123
+92%
|
196
+60%
|
231
+18%
|
244
+6%
|
224
-8%
|
167
-25%
|
130
-22%
|
93
-28%
|
46
-51%
|
36
-22%
|
54
+52%
|
60
+11%
|
83
+38%
|
77
-7%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(49)
|
(32)
|
(18)
|
(18)
|
(20)
|
(23)
|
(25)
|
(27)
|
(28)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(28)
|
(27)
|
(25)
|
(23)
|
(21)
|
(20)
|
(19)
|
(18)
|
(15)
|
(13)
|
(11)
|
(9)
|
(8)
|
(7)
|
(6)
|
(6)
|
(6)
|
(8)
|
(9)
|
(10)
|
(10)
|
|
Non-Reccuring Items |
(1 083)
|
(1 119)
|
(1 101)
|
(2 034)
|
(80)
|
(46)
|
(115)
|
(82)
|
(69)
|
(61)
|
8
|
(11)
|
(14)
|
(77)
|
(80)
|
(60)
|
(58)
|
(1)
|
(10)
|
(24)
|
(28)
|
(142)
|
(128)
|
(138)
|
(211)
|
(98)
|
(98)
|
(81)
|
1
|
1
|
1
|
6
|
0
|
0
|
0
|
(28)
|
(42)
|
(43)
|
(35)
|
(4)
|
10
|
|
Total Other Income |
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
2
|
3
|
1
|
0
|
(2)
|
(3)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Pre-Tax Income |
(1 225)
N/A
|
(1 262)
-3%
|
(1 248)
+1%
|
(2 191)
-76%
|
(253)
+88%
|
(228)
+10%
|
(288)
-26%
|
(241)
+16%
|
(217)
+10%
|
(179)
+18%
|
(82)
+54%
|
(87)
-5%
|
(59)
+32%
|
(99)
-68%
|
(86)
+14%
|
(49)
+43%
|
(33)
+32%
|
15
N/A
|
(18)
N/A
|
(39)
-111%
|
(56)
-45%
|
(169)
-201%
|
(152)
+10%
|
(159)
-4%
|
(226)
-42%
|
(103)
+54%
|
(53)
+49%
|
25
N/A
|
182
+622%
|
222
+22%
|
238
+7%
|
221
-7%
|
159
-28%
|
120
-25%
|
84
-30%
|
11
-87%
|
(12)
N/A
|
4
N/A
|
16
+329%
|
69
+342%
|
76
+11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
(1 227)
|
(1 264)
|
(1 250)
|
(2 194)
|
(254)
|
(230)
|
(289)
|
(242)
|
(218)
|
(179)
|
(83)
|
(86)
|
(59)
|
(99)
|
(86)
|
(49)
|
(33)
|
15
|
(18)
|
(39)
|
(56)
|
(169)
|
(152)
|
(159)
|
(226)
|
(103)
|
(53)
|
25
|
182
|
222
|
238
|
221
|
159
|
120
|
84
|
11
|
(12)
|
4
|
16
|
69
|
76
|
|
Income to Minority Interest |
40
|
77
|
84
|
86
|
60
|
19
|
7
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Net Income (Common) |
(1 187)
N/A
|
(1 186)
+0%
|
(1 166)
+2%
|
(2 107)
-81%
|
(195)
+91%
|
(211)
-8%
|
(281)
-33%
|
(242)
+14%
|
(218)
+10%
|
(179)
+18%
|
(83)
+54%
|
(86)
-4%
|
(59)
+32%
|
(99)
-68%
|
(86)
+14%
|
(49)
+43%
|
(33)
+32%
|
15
N/A
|
(18)
N/A
|
(39)
-111%
|
(56)
-45%
|
(169)
-201%
|
(152)
+10%
|
(159)
-4%
|
(226)
-42%
|
(103)
+54%
|
(53)
+49%
|
25
N/A
|
182
+622%
|
222
+22%
|
237
+7%
|
221
-7%
|
159
-28%
|
120
-25%
|
84
-30%
|
11
-87%
|
(13)
N/A
|
3
N/A
|
15
+356%
|
69
+352%
|
76
+11%
|
|
EPS (Diluted) |
-228.23
N/A
|
-197.68
+13%
|
-194.31
+2%
|
-301.01
-55%
|
-29.53
+90%
|
-29.29
+1%
|
-401.85
-1 272%
|
-33.63
+92%
|
-29.83
+11%
|
-5.34
+82%
|
-2.4
+55%
|
-2.5
-4%
|
-1.71
+32%
|
-2.86
-67%
|
-2.4
+16%
|
-1.16
+52%
|
-0.86
+26%
|
0.36
N/A
|
-0.44
N/A
|
-0.93
-111%
|
-1.34
-44%
|
-4.03
-201%
|
-3.63
+10%
|
-3.78
-4%
|
-5.38
-42%
|
-2.45
+54%
|
-1.26
+49%
|
0.58
N/A
|
4.27
+636%
|
5.16
+21%
|
5.51
+7%
|
5.15
-7%
|
3.7
-28%
|
2.78
-25%
|
1.95
-30%
|
0.25
-87%
|
-0.3
N/A
|
0.07
N/A
|
0.33
+371%
|
1.58
+379%
|
1.75
+11%
|