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Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
For the three months ended in Dec. 2023, Genco Shipping & Trading's Net Income From Continuing Operations was $5.1 Mil. Its Depreciation, Depletion and Amortization was $17.1 Mil. Its Change In Working Capital was $2.1 Mil. Its cash flow from deferred tax was $0.0 Mil. Its Cash from Discontinued Operating Activities was $0.0 Mil. Its Asset Impairment Charge was $0.0 Mil. Its Stock Based Compensation was $1.4 Mil. And its Cash Flow from Others was $14.0 Mil. In all, Genco Shipping & Trading's Cash Flow from Operations for the three months ended in Dec. 2023 was $39.6 Mil.
The historical data trend for Genco Shipping & Trading's Cash Flow from Operations can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Genco Shipping & Trading Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash Flow from Operations | Get a 7-Day Free Trial | 59.53 | 36.90 | 231.12 | 189.32 | 91.78 |
Genco Shipping & Trading Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Flow from Operations | Get a 7-Day Free Trial | 35.88 | 19.57 | 19.38 | 13.22 | 39.62 |
Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
Genco Shipping & Trading's Cash Flow from Operations for the fiscal year that ended in Dec. 2023 is calculated as:
Cash Flow from Operations | (A: Dec. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | -12.356 | + | 67.915 | + | -2.921 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 41.719 | + | 5.53 | + | -8.103 |
= | 91.8 |
Genco Shipping & Trading's Cash Flow from Operations for the quarter that ended in Dec. 2023 is:
Cash Flow from Operations | (Q: Dec. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | 5.107 | + | 17.069 | + | 2.067 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0 | + | 1.36 | + | 14.015 |
= | 39.6 |
Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $91.8 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Genco Shipping & Trading (NYSE:GNK) Cash Flow from Operations Explanation
For companies reported in indirect method, cash flow from operations contains six items:
1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.
Genco Shipping & Trading's net income from continuing operations for the three months ended in Dec. 2023 was $5.1 Mil.
2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
The term depreciation is used when discussing man made tangible assets
The term depletion is used when discussing natural tangible assets
The term amortization is used when discussing intangible assets
Genco Shipping & Trading's depreciation, depletion and amortization for the three months ended in Dec. 2023 was $17.1 Mil.
3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.
Genco Shipping & Trading's change in working capital for the three months ended in Dec. 2023 was $2.1 Mil. It means Genco Shipping & Trading's working capital increased by $2.1 Mil from Sep. 2023 to Dec. 2023 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
Genco Shipping & Trading's cash flow from deferred tax for the three months ended in Dec. 2023 was $0.0 Mil.
5. Cash from Discontinued Operating Activities:
Net cash from all of the entity's discontinued operating activities.
Genco Shipping & Trading's cash from discontinued operating Activities for the three months ended in Dec. 2023 was $0.0 Mil.
6. Asset Impairment Charge:
It is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.
Genco Shipping & Trading's asset impairment charge for the three months ended in Dec. 2023 was $0.0 Mil.
7. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.
Genco Shipping & Trading's stock based compensation for the three months ended in Dec. 2023 was $1.4 Mil.
8. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).
Genco Shipping & Trading's cash flow from others for the three months ended in Dec. 2023 was $14.0 Mil.
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Peter George Allen | officer: Chief Financial Officer | GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
Arthur L Regan | director | C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 -- |
Jesper Christensen | officer: Chief Commercial Officer | GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
Robert E Hughes | officer: Chief Operations Officer | GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171 |
Apostolos Zafolias | officer: Chief Financial Officer | GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
John C Wobensmith | officer: Chief Financial Officer | 35 WEST 56TH STREET, NEW YORK NY 10019 |
Joseph Adamo | officer: Chief Accounting Officer | GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171 |
Ccp Ii Cayman Gp Ltd. | 10 percent owner | 375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152 |
Centerbridge Credit Partners, L.p. | 10 percent owner | 375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152 |
Karin Y Orsel | director | HOGELANDSTERWEG 14, FARMSUM P7 9936 BH |
Apollo Management Holdings Gp, Llc | 10 percent owner | 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019 |
Strategic Value Partners, Llc | 10 percent owner | 100 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
Daniel Han | director | GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171 |
Kathleen C Haines | director | P.O. BOX 385, COS COB CT 06807 |
Christoph O Majeske | director | 17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060 |
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