For the year ending 2025-12-31, GNK had $11,535K increase in cash & cash equivalents over the period. $28,708K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (loss) income | -4,515 |
| Depreciation and amortization | 76,230 |
| Amortization of deferred financing costs | 2,204 |
| Right-of-use asset amortization | 1,107 |
| Amortization of nonvested stock compensation expense | 7,046 |
| Impairment of vessel assets | 651 |
| Loss on debt extinguishment | -678 |
| Insurance proceeds for protection and indemnity claims | 103 |
| Insurance proceeds for loss of hire claims | 6 |
| Decrease (increase) in due from charterers | -7,092 |
| Increase in prepaid expenses and other current assets | 4,685 |
| (increase) decrease in inventories | 2,953 |
| Increase (decrease) in accounts payable and accrued expenses | 2,068 |
| Increase (decrease) in deferred revenue | 4,161 |
| Decrease in operating lease liabilities | -1,503 |
| Deferred drydock costs incurred | 55,800 |
| Net cash provided by operating activities | 31,890 |
| Purchase of vessels and ballast water treatment systems, including deposits | 89,253 |
| Purchase of other fixed assets | 3,182 |
| Insurance proceeds for hull and machinery claims | 864 |
| Net cash (used in) provided by investing activities | -91,571 |
| Proceeds from the revolver-Six Hundred Million Revolving Credit Facility | 115,333 |
| Proceeds from the revolver-Five Hundred Million Revolving Credit Facility | 10,000 |
| Repayments to the revolver-Five Hundred Million Revolving Credit Facility | 15,333 |
| Cash dividends paid | 32,807 |
| Payment of deferred financing costs | 5,977 |
| Net cash provided by (used in) financing activities | 71,216 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 11,535 |
| Cash and cash equivalents at beginning of period | 44,005 |
| Cash and cash equivalents at end of period | 55,540 |
GENCO SHIPPING & TRADING LTD (GNK)
GENCO SHIPPING & TRADING LTD (GNK)