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 9, 2018, we owned a fleet of 30 tankers, consisting of 21 Very Large Crude Carriers ("VLCCs"), six Suezmax vessels, one Aframax vessel and two Panamax vessels, with an aggregate carrying capacity of 7.5 million deadweight tons, or "DWT". See "Our Fleet" below for a list of all our ships. Our fleet is employed worldwide. As of March 9, 2018, approximately 84% of our total fleet carrying capacity based on DWT is focused on VLCC vessels.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-2.77NAN/E
12/2017-2.03NAN/E
09/2017-1.41NAN/E
06/2017-1.06NAN/E
03/20170.39NA14.54
12/20160.81NA5.53
09/20161.30NA3.94
06/20162.08NA3.08

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.11Total Liab/Total Assets0.51
Net Inc/Total Assets-0.06Total Liab/Inv Cap3.91
Net Inc/Inv Cap-0.49Total Liab/Comm Equity0.88
Pretax Inc/Net Sales-0.55Interest Coverage Ratio-1.04
Net Inc/Net Sales-0.55Curr Debt/Equity0.88
Cash Flow/Net Sales0.50LTD/Equity0.15
SG&A/NetSales0.11Total Debt/Equity1.03
Asset Utilization   Liquidity  
Net Receivables Turnover6.71Quick Ratio0.22
Inventory TurnoverNACurrent Ratio0.22
Inventory Day SalesNANet Rec/Curr Assets0.11
Net Sales/Work Cap-0.34Inv/Curr AssetsNA
Net Sales/PP&E0.13  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 48.82 58.83 51.03 74.95
Cost of Goods Sold 24.67 26.63 29.46 30.03
Selling & Admin Exps 9.07 8.84 6.94 9.62
Operating Income -16.48 -25.66 -47.97 -59.35
Interest Exp 18.67 19.72 22.54 20.45
Pretax Income -35.20 -45.39 -67.47 -82.55
Other Income -7.65 -25.20 -33.90 -70.61
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -35.20 -45.39 -67.47 -82.55

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 167.42 200.64 184.68 160.15
Receivables - Total 29.79 29.01 30.72 42.67
Inventories - Total NA NA NA NA
Total Current Assets 253.90 253.47 274.05 403.23
Net Property, Plant & Equipment 2,274.56 2,312.23 2,386.09 2,482.92
Total Assets 2,559.12 2,618.22 2,704.94 2,938.23
Liabilities        
Accounts Payable 19.21 29.82 26.91 32.87
Debt in Current Liabilities 1,093.95 1,122.34 141.78 164.98
Total Current Liabilities 1,113.16 1,152.16 168.69 197.85
Long-Term Debt 196.08 190.56 1,222.41 1,358.22
Total Liabilities 1,310.48 1,343.89 1,392.21 1,557.12
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.83 0.83 0.83 0.83
Retained Earnings -299.86 -264.66 -219.26 -151.80
Treasury Stock NA NA NA NA
Total Stockholders' Equity 1,248.64 1,274.33 1,312.74 1,381.12
Total Liabilities and Stockholders' Equity 2,559.12 2,618.22 2,704.94 2,938.23

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -10.95 11.66 11.12 61.79
Net Cash Provided by Investing Activities 1.34 60.92 181.77 18.96
Net Cash Provided by Financing Activities -30.08 -56.76 -168.35 -63.97

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2011345.38-152.70--
12/2014392.41-47.08--
12/2015429.93129.572.05
12/2016404.6267.310.81
12/2017307.82-168.54-2.03
Growth Rates-2.84----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/189964,27877.19




Report Date : 6/11/2018

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