Company Information

  

Address: 299 PARK AVENUE, 12TH FLOOR  
City: NEW YORK 
State: NY 
Zip Code: 10171 
Telephone: 646-443-8550 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

We are a New York City-based company incorporated in the Marshall Islands in 2004. We transport iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. Excluding the Genco Wisdom, Genco Carrier, Genco Reliance and Genco Success which were sold during January, February and March 2017, our fleet currently consists of 61 drybulk carriers, including 13 Capesize, six Panamax, four Ultramax, 21 Supramax, two Handymax and 15 Handysize drybulk carriers, with an aggregate carrying capacity of approximately 4,735,000 deadweight tons ("dwt"). The average age of our current fleet is approximately 9.2 years. All of the vessels in our fleet were built in shipyards with reputations for constructing high-quality vessels. Of the vessels in our fleet, 15 are currently on spot market-related time charters, and 27 are on fixed-rate time charter contracts.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/2017-5.10NAN/E
06/2017-7.97NAN/E
03/2017-22.87NAN/E
12/2016-29.95NAN/E
09/20151.00NA39.10

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.14Total Liab/Total Assets0.34
Net Inc/Total Assets-0.14Total Liab/Inv Cap0.35
Net Inc/Inv Cap-0.14Total Liab/Comm Equity0.36
Pretax Inc/Net Sales-1.60Interest Coverage Ratio-6.63
Net Inc/Net Sales-1.61Curr Debt/Equity0.00
Cash Flow/Net Sales-0.37LTD/Equity0.50
SG&A/NetSales0.39Total Debt/Equity0.50
Asset Utilization   Liquidity  
Net Receivables Turnover12.94Quick Ratio5.96
Inventory TurnoverNACurrent Ratio5.96
Inventory Day SalesNANet Rec/Curr Assets0.06
Net Sales/Work Cap0.94Inv/Curr AssetsNA
Net Sales/PP&E0.10  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 51.16 45.37 38.25 43.89
Cost of Goods Sold 30.68 24.80 28.13 31.51
Selling & Admin Exps 7.77 7.62 6.89 16.47
Operating Income -23.78 -7.24 -8.57 -18.63
Interest Exp 7.86 7.56 7.14 7.25
Pretax Income -31.18 -14.51 -15.60 -25.16
Other Income 0.46 1.63 6.48 4.36
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -31.18 -14.51 -15.60 -25.11

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 161.10 155.49 146.74 141.64
Receivables - Total 10.87 6.43 9.06 10.37
Inventories - Total NA NA NA NA
Total Current Assets 194.58 184.35 173.65 172.61
Net Property, Plant & Equipment 1,282.93 1,316.29 1,336.05 1,355.78
Total Assets 1,516.48 1,541.72 1,551.43 1,568.96
Liabilities        
Accounts Payable 22.53 20.36 18.74 22.89
Debt in Current Liabilities 12.08 9.58 7.08 4.58
Total Current Liabilities 37.24 31.58 27.33 28.95
Long-Term Debt 507.30 508.27 509.29 510.31
Total Liabilities 544.54 539.85 536.62 539.26
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 120.79
Common Stock 0.34 0.34 0.34 0.07
Retained Earnings -656.24 -625.06 -610.55 -594.95
Treasury Stock NA NA NA NA
Total Stockholders' Equity 971.94 1,001.87 1,014.81 1,029.70
Total Liabilities and Stockholders' Equity 1,516.48 1,541.72 1,551.43 1,568.96

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 5.02 5.40 -5.98 -4.08
Net Cash Provided by Investing Activities 1.12 3.84 13.19 1.75
Net Cash Provided by Financing Activities -0.78 -0.95 -1.73 95.69

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012226.45-144.93--
12/2013227.46-147.74--
12/2014220.86-1,133.44--
12/2015153.96-194.90--
12/2016135.59-217.76-29.95
Growth Rates-12.04----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/175619,73157.14




Report Date : 12/4/2017

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