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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 137,764 $ 121,008 $ 273,991 $ 208,599
Operating expenses:        
Voyage expenses 32,460 36,702 70,924 71,775
Vessel operating expenses 29,463 18,789 56,477 37,834
Charter hire expenses 5,044 8,325 12,682 13,761
General and administrative expenses (inclusive of nonvested stock amortization expense of $826, $551, $1,516, and $1,073, respectively) 6,381 5,854 12,424 11,957
Technical management fees 700 1,305 1,617 2,769
Depreciation and amortization 14,521 13,769 28,579 27,209
Loss on sale of vessels   15   735
Total operating expenses 88,569 84,759 182,703 166,040
Operating income 49,195 36,249 91,288 42,559
Other income (expense):        
Other income 767 210 2,764 356
Interest income 68 48 85 119
Interest expense (2,405) (4,470) (4,647) (9,012)
Other expense, net (1,570) (4,212) (1,798) (8,537)
Net income 47,625 32,037 89,490 34,022
Less: Net income attributable to noncontrolling interest 243   419  
Net income attributable to Genco Shipping & Trading Limited $ 47,382 $ 32,037 $ 89,071 $ 34,022
Earnings per share-basic $ 1.12 $ 0.76 $ 2.11 $ 0.81
Earnings per share-diluted $ 1.10 $ 0.75 $ 2.07 $ 0.80
Weighted average common shares outstanding-basic 42,385,423 42,071,019 42,276,371 42,022,669
Weighted average common shares outstanding-diluted 42,996,676 42,612,132 42,932,370 42,445,184
Voyage        
Revenues:        
Total revenues $ 137,764 $ 121,008 $ 273,991 $ 208,599