Genco Shipping & Trading Ltd
NYSE: GNK · INDUSTRIALS · MARINE SHIPPING
Updated 2026-06-03
Genco Shipping & Trading Ltd (GNK) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $90.07M | $120.86M | $267.42M | $219.73M | $262.68M | $158.18M | $-18.83M | $-3.14M | $-60.15M | $-56.09M | $-49.98M | $26.52M | $65.91M | $59.53M | $36.90M | $231.12M | $189.32M | $91.78M | $126.85M | $31.89M |
| Capital expenditures | $1.84M | $765.13M | $514.04M | $288.71M | $985.28M | $132.62M | $3.27M | $146.56M | $55.09M | $67.36M | $787000.00 | $552000.00 | $243.33M | $50.42M | $20.04M | $117.46M | $56.04M | $94.01M | $56.68M | $92.44M |
| Depreciation | $26.98M | $34.38M | $71.39M | $88.15M | $115.66M | $136.20M | $139.06M | $140.74M | $108.60M | $79.56M | $76.33M | $71.78M | $68.98M | $72.82M | $66.53M | $57.62M | $61.61M | $67.92M | $70.10M | $77.34M |
| Stock-based comp | $1.59M | $2.08M | $5.95M | $5.95M | $7.22M | $8.34M | $5.86M | $4.48M | $24.76M | $42.14M | $20.68M | $4.05M | $2.23M | $2.06M | $2.03M | $2.27M | $3.24M | $5.53M | $5.85M | $7.05M |
| Free cash flow | $88.23M | $-644.27M | $-246.63M | $-68.98M | $-722.61M | $25.57M | $-22.10M | $-149.70M | $-115.24M | $-123.45M | $-50.77M | $25.96M | $-177.43M | $9.10M | $16.86M | $113.66M | $133.28M | $-2.23M | $70.17M | $-60.55M |
| Investing cash flow | $-840000.00 | $-984.35M | $-514.29M | $-306.21M | $-870.23M | $-133.37M | $-3.67M | $-146.56M | $-74.64M | $-56.77M | $6.87M | $14.96M | $-195.38M | $-22.85M | $37.44M | $-67.57M | $-55.02M | $-91.62M | $47.85M | $-91.57M |
| Financing cash flow | $19.41M | $861.43M | $300.33M | $149.79M | $690.16M | $-67.72M | $-132.87M | $199.82M | $95.48M | $150.52M | $55.44M | $-5.60M | $127.28M | $-77.19M | $-56.91M | $-222.69M | $-190.74M | $-17.40M | $-177.55M | $71.22M |
| Dividends paid | $61.04M | $69.58M | $117.11M | $117.11M | $5.37M | $7.60M | $4.08M | $1.59M | $1.59M | $0.00 | $20.88M | $20.88M | $20.88M | $20.88M | $9.85M | $13.46M | $115.73M | $40.91M | $67.51M | $32.81M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $82.61M | — | — | $50.12M | $253.00M | $37.66M | $12.33M | $35.88M | $-2.19M | $-40.51M | $17.43M | $-59.15M | $-56.43M | — | — | — |
Frequently asked questions
What is Genco Shipping & Trading Ltd's revenue?
Genco Shipping & Trading Ltd's trailing twelve-month revenue is $385.21M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is GNK?
In its most recent fiscal year, GNK ran a gross margin of 13.45%, an operating margin of 2.67%, and a net margin of -1.28%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does GNK generate?
GNK produced $-60.55M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is GNK's balance sheet healthy?
GNK holds $55.54M in cash and equivalents against $189.08M in long-term debt, on $896.48M of shareholder equity. That debt is best read against the cash flow the business throws off each year.