For the quarter ending 2026-03-31, GNK had -$770K decrease in cash & cash equivalents over the period. $15,287K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 9,575 | 15,334 | -1,078 | -18,771 |
| Depreciation and amortization | 21,038 | 21,135 | 19,298 | 35,797 |
| Amortization of deferred financing costs | 612 | 609 | 603 | 992 |
| Right-of-use asset amortization | 99 | 100 | 337 | 670 |
| Amortization of nonvested stock compensation expense | 1,830 | 1,851 | 1,919 | 3,276 |
| Impairment of vessel assets | 527 | 0 | 0 | 651 |
| Loss on debt extinguishment | - | 0 | -678 | - |
| Net gain on sale of vessels | 2,075 | - | - | - |
| Insurance proceeds for protection and indemnity claims | 187 | 23 | 1 | 79 |
| Insurance proceeds for loss of hire claims | - | 0 | 0 | 6 |
| (increase) decrease in due from charterers | 5,989 | 343 | -153 | -7,282 |
| (increase) decrease in prepaid expenses and other current assets | 338 | 6,351 | -924 | -742 |
| Decrease (increase) in inventories | -2,328 | 3,640 | 1,073 | -1,760 |
| (decrease) increase in accounts payable and accrued expenses | -2,936 | -14,402 | 7,549 | 8,921 |
| (decrease) increase in deferred revenue | -2,847 | 4,125 | 1,145 | -1,109 |
| Increase (decrease) in operating lease liabilities | 77 | 76 | -533 | -1,046 |
| Deferred drydock costs incurred | 6,396 | 2,620 | 22,233 | 30,947 |
| Insurance proceeds for hull and machinery claims | - | 0 | 0 | 864 |
| Net cash provided by operating activities | 15,692 | 15,897 | 7,690 | 8,303 |
| Purchase of vessels and ballast water treatment systems, including deposits | 133,846 | 73,519 | 9,935 | 5,799 |
| Purchase of other fixed assets | 405 | 296 | 1,160 | 1,726 |
| Net proceeds from sale of vessels | 10,934 | - | - | - |
| Net cash used in investing activities | -123,317 | -73,815 | -11,095 | -6,661 |
| Proceeds from the revolver-Six Hundred Eighty Million Revolving Credit Facility | 69,287 | - | - | - |
| Proceeds from the revolver-Six Hundred Million Revolving Credit Facility | 65,000 | 30,000 | 85,333 | - |
| Proceeds from the revolver-Five Hundred Million Revolving Credit Facility | - | 0 | 10,000 | - |
| Repayments to the revolver-Five Hundred Million Revolving Credit Facility | - | 0 | 15,333 | - |
| Repayments on the revolver-Six Hundred Million Revolving Credit Facility | 4,287 | - | - | - |
| Proceeds from the 500 million revolver | - | - | - | 10,000 |
| Cash dividends paid | 22,598 | 6,486 | 6,445 | 19,876 |
| Payment of deferred financing costs | 547 | 7 | 5,953 | 17 |
| Net cash provided by (used in) financing activities | 106,855 | 23,507 | 57,602 | -9,893 |
| Net decrease in cash, cash equivalents and restricted cash | -770 | -34,411 | 54,197 | -8,251 |
| Cash and cash equivalents at beginning of period | 55,540 | 89,951 | 44,005 | - |
| Cash and cash equivalents at end of period | 54,770 | 55,540 | 89,951 | - |
GENCO SHIPPING & TRADING LTD (GNK)
GENCO SHIPPING & TRADING LTD (GNK)