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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 135,970 $ 155,252 $ 409,961 $ 363,851
Operating expenses:        
Voyage expenses 39,496 37,797 110,420 109,572
Vessel operating expenses 22,090 21,788 78,567 59,622
Charter hire expenses 6,952 8,644 19,633 22,405
General and administrative expenses (inclusive of nonvested stock amortization expense of $840, $597, $2,356 and $1,670, respectively) 5,911 5,659 18,334 17,616
Technical management fees 761 1,631 2,378 4,400
Depreciation and amortization 15,582 14,200 44,162 41,409
Loss on sale of vessels   159   894
Total operating expenses 90,792 89,878 273,494 255,918
Operating income 45,178 65,374 136,467 107,933
Other income (expense):        
Other (expense) income (2,146) 84 617 440
Interest income 292 25 377 144
Interest expense (2,276) (3,943) (6,923) (12,955)
Loss on debt extinguishment   (4,408)   (4,408)
Other expense, net (4,130) (8,242) (5,929) (16,779)
Net income 41,048 57,132 130,538 91,154
Less: Net income attributable to noncontrolling interest 220   639  
Net income attributable to Genco Shipping & Trading Limited $ 40,828 $ 57,132 $ 129,899 $ 91,154
Earnings per share-basic $ 0.96 $ 1.36 $ 3.07 $ 2.17
Earnings per share-diluted $ 0.95 $ 1.34 $ 3.03 $ 2.14
Weighted average common shares outstanding-basic 42,529,865 42,095,211 42,361,797 42,047,115
Weighted average common shares outstanding-diluted 42,881,541 42,750,836 42,915,240 42,548,187
Voyage        
Revenues:        
Total revenues $ 135,970 $ 155,252 $ 409,961 $ 363,851