Genco Historical Income Statement

GNK Stock

USD 20.28 0.02 0.1%

Historical analysis of Genco Shipping income statement accounts such as Selling General Administrative of 28.1 M or Total Revenue of 320.3 M can show how well Genco Shipping Trading performed in making a profits. Evaluating Genco Shipping income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Genco Shipping's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Genco Shipping Trading latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Genco Shipping Trading is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

About Genco Income Statement Analysis

Genco Shipping Trading Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Genco Shipping shareholders. The income statement also shows Genco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Genco Shipping Income Statement Chart

Genco Shipping Trading Income Statement is one of the three primary financial statements used for reporting Genco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Genco Shipping Trading revenue and expense. Genco Shipping Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Genco Shipping's Net Income From Continuing Ops is quite stable compared to the past year. Non Operating Income Net Other is expected to rise to about 1.5 M this year, although the value of Total Revenue will most likely fall to about 320.3 M.

Selling General Administrative Total Revenue Other Operating Expenses Cost Of Revenue

Total Revenue

Total revenue comprises all receipts Genco Shipping Trading generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Genco Shipping Trading. It is also known as Genco Shipping overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Genco Shipping Trading income statement and represents the costs associated with goods and services Genco Shipping provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from Genco Shipping's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Genco Shipping Trading current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genco Shipping Trading. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	30.1M	29.0M	33.5M	44.1M
Cost Of Revenue	320.9M	340.7M	315.7M	191.0M

Total Operating Expenses Cost Of Revenue

Genco Shipping income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Net Income From Continuing Ops	Non Operating Income Net Other	Minority Interest	Non Recurring	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.89	0.43	0.07	0.09	0.24	-0.17	-0.35	-0.08	0.0	0.58	-0.32	-0.23	-0.39	0.11	-0.45	-0.15	0.16	0.47	0.19	-0.24	0.24	0.04
Interest Expense	0.89		0.22	-0.11	0.14	-0.07	-0.15	-0.39	-0.15	-0.26	0.56	-0.32	-0.23	-0.35	0.08	-0.59	-0.22	0.39	0.75	0.39	-0.53	0.49	0.33
Selling General Administrative	0.43	0.22		-0.05	-0.17	0.3	-0.43	-0.47	-0.38	0.11	0.47	-0.32	-0.2	-0.47	-0.08	-0.29	-0.69	-0.15	-0.03	0.06	-0.11	0.14	0.03
Total Revenue	0.07	-0.11	-0.05		0.67	0.75	0.77	0.73	0.8	0.65	0.1	0.61	0.29	0.57	0.06	0.28	0.29	-0.07	-0.54	-0.56	0.57	-0.57	-0.11
Gross Profit	0.09	0.14	-0.17	0.67		0.07	0.84	0.62	0.68	-0.13	0.52	0.67	-0.04	0.65	0.06	-0.13	-0.04	0.42	-0.03	-0.39	0.34	-0.4	-0.05
Other Operating Expenses	0.24	-0.07	0.3	0.75	0.07		0.22	0.33	0.43	0.93	-0.02	0.12	0.37	0.06	0.0	0.34	0.27	-0.46	-0.59	-0.31	0.35	-0.27	-0.03
Operating Income	-0.17	-0.15	-0.43	0.77	0.84	0.22		0.88	0.89	0.17	0.07	0.85	0.19	0.87	0.23	0.32	0.36	0.11	-0.25	-0.59	0.55	-0.58	-0.12
Ebit	-0.35	-0.39	-0.47	0.73	0.62	0.33	0.88		0.96	0.34	-0.1	0.83	0.29	0.86	0.3	0.63	0.58	-0.26	-0.43	-0.5	0.52	-0.57	-0.15
Ebitda	-0.08	-0.15	-0.38	0.8	0.68	0.43	0.89	0.96		0.37	0.06	0.79	0.25	0.8	0.35	0.54	0.57	-0.22	-0.31	-0.46	0.47	-0.51	-0.1
Cost Of Revenue	0.0	-0.26	0.11	0.65	-0.13	0.93	0.17	0.34	0.37		-0.39	0.12	0.45	0.09	0.01	0.49	0.41	-0.52	-0.67	-0.32	0.38	-0.3	-0.02
Total Operating Expenses	0.58	0.56	0.47	0.1	0.52	-0.02	0.07	-0.1	0.06	-0.39		-0.04	-0.27	-0.11	-0.04	-0.49	-0.45	0.27	0.37	0.12	-0.21	0.2	0.07
Net Income	-0.32	-0.32	-0.32	0.61	0.67	0.12	0.85	0.83	0.79	0.12	-0.04		0.04	0.98	0.59	0.54	0.33	-0.1	-0.26	-0.42	0.53	-0.56	-0.15
Income Tax Expense	-0.23	-0.23	-0.2	0.29	-0.04	0.37	0.19	0.29	0.25	0.45	-0.27	0.04		0.09	-0.13	0.23	0.31	-0.17	-0.48	0.04	-0.06	0.01	0.24
Income Before Tax	-0.39	-0.35	-0.47	0.57	0.65	0.06	0.87	0.86	0.8	0.09	-0.11	0.98	0.09		0.56	0.56	0.42	-0.08	-0.24	-0.4	0.51	-0.53	-0.14
Total Other Income Expense Net	0.11	0.08	-0.08	0.06	0.06	0.0	0.23	0.3	0.35	0.01	-0.04	0.59	-0.13	0.56		0.55	0.39	-0.4	0.21	0.15	0.06	-0.04	-0.04
Net Income From Continuing Ops	-0.45	-0.59	-0.29	0.28	-0.13	0.34	0.32	0.63	0.54	0.49	-0.49	0.54	0.23	0.56	0.55		0.73	-0.83	-0.43	-0.26	0.37	-0.38	-0.17
Non Operating Income Net Other	-0.15	-0.22	-0.69	0.29	-0.04	0.27	0.36	0.58	0.57	0.41	-0.45	0.33	0.31	0.42	0.39	0.73		-0.5	-0.2	-0.12	0.25	-0.22	-0.17
Minority Interest	0.16	0.39	-0.15	-0.07	0.42	-0.46	0.11	-0.26	-0.22	-0.52	0.27	-0.1	-0.17	-0.08	-0.4	-0.83	-0.5		0.34	0.06	-0.11	0.11	0.07
Non Recurring	0.47	0.75	-0.03	-0.54	-0.03	-0.59	-0.25	-0.43	-0.31	-0.67	0.37	-0.26	-0.48	-0.24	0.21	-0.43	-0.2	0.34		0.49	-0.64	0.6	0.37
Interest Income	0.19	0.39	0.06	-0.56	-0.39	-0.31	-0.59	-0.5	-0.46	-0.32	0.12	-0.42	0.04	-0.4	0.15	-0.26	-0.12	0.06	0.49		-0.86	0.78	0.46
Net Interest Income	-0.24	-0.53	-0.11	0.57	0.34	0.35	0.55	0.52	0.47	0.38	-0.21	0.53	-0.06	0.51	0.06	0.37	0.25	-0.11	-0.64	-0.86		-0.83	-0.7
Reconciled Depreciation	0.24	0.49	0.14	-0.57	-0.4	-0.27	-0.58	-0.57	-0.51	-0.3	0.2	-0.56	0.01	-0.53	-0.04	-0.38	-0.22	0.11	0.6	0.78	-0.83		0.65
Selling And Marketing Expenses	0.04	0.33	0.03	-0.11	-0.05	-0.03	-0.12	-0.15	-0.1	-0.02	0.07	-0.15	0.24	-0.14	-0.04	-0.17	-0.17	0.07	0.37	0.46	-0.7	0.65

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Genco Shipping Account Relationship Matchups

Genco Shipping income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	72.8M	66.5M	53.4M	62.8M	67.9M	82.9M
Interest Expense	32.0M	22.4M	15.4M	9.1M	8.8M	8.3M
Selling General Administrative	24.5M	21.3M	24.5M	25.7M	28.3M	28.1M
Total Revenue	389.5M	355.6M	547.1M	536.9M	383.8M	320.3M
Gross Profit	31.2M	35.7M	226.3M	196.3M	68.2M	94.0M
Other Operating Expenses	390.3M	348.1M	350.9M	369.7M	349.2M	251.6M
Operating Income	3.8M	7.6M	201.1M	167.2M	34.6M	36.8M
Ebit	3.8M	7.6M	201.1M	167.2M	34.6M	30.0M
Ebitda	76.6M	74.2M	254.5M	230.1M	102.6M	90.4M
Cost Of Revenue	358.3M	319.9M	320.9M	340.7M	315.7M	191.0M
Total Operating Expenses	32.1M	28.2M	30.1M	29.0M	33.5M	44.1M
Net Income	(88.4M)	(247.1M)	182.0M	158.6M	(12.9M)	(13.5M)
Income Tax Expense	32.5M	21.6M	15.9M	8.7M	514K	488.3K
Income Before Tax	(56.0M)	(225.6M)	182.0M	159.4M	(12.4M)	(13.0M)
Total Other Income Expense Net	(59.7M)	(233.2M)	(19.1M)	(7.9M)	(47.0M)	(49.4M)
Net Income Applicable To Common Shares	(56.0M)	(225.6M)	182.0M	158.6M	142.7M	149.9M
Net Income From Continuing Ops	(56.0M)	(225.6M)	182.0M	159.4M	11.4M	11.9M
Non Operating Income Net Other	4.4M	177K	(3.7M)	1.2M	1.4M	1.5M
Non Recurring	53.1M	27.6M	1.9M	(4.9M)	(4.4M)	(4.2M)
Interest Income	27.9M	1.0M	154K	1.0M	2.5M	2.4M
Net Interest Income	(27.9M)	(21.4M)	(15.2M)	(8.1M)	(5.8M)	(6.1M)
Reconciled Depreciation	72.8M	66.5M	57.6M	61.6M	67.2M	53.3M

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When determining whether Genco Shipping Trading is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Genco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Genco Shipping Trading Stock. Highlighted below are key reports to facilitate an investment decision about Genco Shipping Trading Stock:

How To Invest In Genco

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What is Genco Shipping's Net Worth?

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When running Genco Shipping's price analysis, check to measure Genco Shipping's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Genco Shipping is operating at the current time. Most of Genco Shipping's value examination focuses on studying past and present price action to predict the probability of Genco Shipping's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Genco Shipping's price. Additionally, you may evaluate how the addition of Genco Shipping to your portfolios can decrease your overall portfolio volatility.

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Is Genco Shipping's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Genco Shipping. If investors know Genco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Genco Shipping listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.83)

Dividend Share

0.86

Earnings Share

(0.30)

Revenue Per Share

8.975

Quarterly Revenue Growth

(0.09)

The market value of Genco Shipping Trading is measured differently than its book value, which is the value of Genco that is recorded on the company's balance sheet. Investors also form their own opinion of Genco Shipping's value that differs from its market value or its book value, called intrinsic value, which is Genco Shipping's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Genco Shipping's market value can be influenced by many factors that don't directly affect Genco Shipping's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Genco Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Genco Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Genco Shipping's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Genco Historical Income Statement

About Genco Income Statement Analysis

Genco Shipping Income Statement Chart

Total Revenue

Other Operating Expenses

Cost Of Revenue

Genco Shipping income statement Correlations

Genco Shipping Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Genco Shipping income statement Accounts

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Income Before Tax	+ 0.98	Net Income
Ebitda	+ 0.96	Ebit
Cost Of Revenue	+ 0.93	Other Operating Expenses
Interest Expense	+ 0.89	Depreciation And Amortization
Ebitda	+ 0.89	Operating Income
Ebit	+ 0.88	Operating Income

Net Interest Income	- 0.86	Interest Income
Reconciled Depreciation	- 0.83	Net Interest Income
Minority Interest	- 0.83	Net Income From Continuing Ops
Selling And Marketing Expenses	- 0.7	Net Interest Income
Non Operating Income Net Other	- 0.69	Selling General Administrative
Non Recurring	- 0.67	Cost Of Revenue