Company Information

  

Address: 299 PARK AVENUE  
City: NEW YORK 
State: NY 
Zip Code: 10171 
Telephone: 212-763-5600 

Description of Business

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

We are Gener8 Maritime, Inc., a leading U.S.¬≠based provider of international seaborne crude oil transportation services, resulting from a transformative merger between General Maritime Corporation, a well¬≠known tanker owner, and Navig8 Crude Tankers Inc., a company sponsored by the Navig8 Group, an independent vessel pool manager. General Maritime Corporation was founded in 1997 by our Chairman and Chief Executive Officer, Peter Georgiopoulos, and we have been an active owner, operator and consolidator in the crude tanker sector. As of March 10, 2017, we owned a fleet of 40 tankers on the water, consisting of 24 Very Large Crude Carriers ("VLCCs"), ten Suezmax vessels, four Aframax vessels and two Panamax vessels, with an aggregate carrying capacity of 9.4 million deadweight tons, or "DWT" and one "eco" VLCC newbuilding that is being constructed at a highly reputable shipyard and is expected to be delivered during the second half of 2017.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-1.06NAN/E
03/20170.39NA14.54
12/20160.81NA5.53
09/20161.30NA3.94
06/20162.08NA3.08
03/20161.87NA3.78
12/20152.05NA4.61

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.04Total Liab/Total Assets0.52
Net Inc/Total Assets0.02Total Liab/Inv Cap0.60
Net Inc/Inv Cap0.03Total Liab/Comm Equity1.03
Pretax Inc/Net Sales0.17Interest Coverage Ratio2.36
Net Inc/Net Sales0.17Curr Debt/Equity0.13
Cash Flow/Net Sales0.64LTD/Equity0.93
SG&A/NetSales0.08Total Debt/Equity1.06
Asset Utilization   Liquidity  
Net Receivables Turnover7.07Quick Ratio0.99
Inventory TurnoverNACurrent Ratio0.99
Inventory Day SalesNANet Rec/Curr Assets0.29
Net Sales/Work Cap-315.86Inv/Curr AssetsNA
Net Sales/PP&E0.15  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 74.95 123.02 102.36 72.26
Cost of Goods Sold 30.03 30.72 33.05 30.14
Selling & Admin Exps 9.62 8.43 5.42 7.15
Operating Income -59.35 46.33 23.33 -25.19
Interest Exp 20.45 20.05 18.27 13.70
Pretax Income -82.55 26.86 5.80 -37.35
Other Income -70.61 -9.25 -13.25 -9.22
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -82.55 26.86 5.80 -37.35

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 160.15 144.71 94.68 100.05
Receivables - Total 42.67 58.20 62.80 38.25
Inventories - Total NA NA NA NA
Total Current Assets 403.23 249.28 215.29 162.39
Net Property, Plant & Equipment 2,482.92 2,743.84 2,705.27 2,623.69
Total Assets 2,938.23 3,064.86 2,992.67 2,841.08
Liabilities        
Accounts Payable 32.87 22.38 33.99 40.80
Debt in Current Liabilities 164.98 172.26 182.58 176.03
Total Current Liabilities 197.85 194.64 216.57 216.83
Long-Term Debt 1,358.22 1,401.86 1,337.78 1,217.88
Total Liabilities 1,557.12 1,597.48 1,555.26 1,435.55
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 NA
Common Stock 0.83 0.83 0.83 0.83
Retained Earnings -151.80 -69.25 -96.12 -101.92
Treasury Stock NA NA NA NA
Total Stockholders' Equity 1,381.12 1,467.38 1,437.41 1,405.52
Total Liabilities and Stockholders' Equity 2,938.23 3,064.86 2,992.67 2,841.08

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 60.91 70.85 21.81 35.49
Net Cash Provided by Investing Activities 19.84 -69.44 -151.51 -186.01
Net Cash Provided by Financing Activities -63.97 47.28 124.33 127.50

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2010387.16-216.66--
12/2011345.38-152.70--
12/2014392.41-47.08--
12/2015429.93129.572.05
12/2016404.6267.310.81
Growth Rates1.11----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/179167,16380.93




Report Date : 10/16/2017

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