Genco Historical Income Statement
| GNK Stock | USD 13.16 0.24 1.79% |
Historical analysis of Genco Shipping income statement accounts such as Selling General Administrative of 28.3 M or Total Revenue of 327.2 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.
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.
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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
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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 closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Genco Shipping's Income Before Tax is quite stable compared to the past year. Net Income Applicable To Common Shares is expected to rise to about 149.9 M this year, although the value of Total Revenue will most likely fall to about 327.2 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Total Operating Expenses | 29.0M | 74.0M | 29.6M | 44.7M | Cost Of Revenue | 340.7M | 315.7M | 306.3M | 198.0M |
Genco Shipping income statement Correlations
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Genco Shipping Account Relationship Matchups
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Genco Shipping income statement Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Depreciation And Amortization | 66.5M | 57.6M | 61.6M | 67.9M | 70.1M | 82.8M | |
| Interest Expense | 22.4M | 15.4M | 9.1M | 8.8M | 13.3M | 12.6M | |
| Selling General Administrative | 21.3M | 24.5M | 25.7M | 28.3M | 29.1M | 28.3M | |
| Total Revenue | 355.6M | 547.1M | 536.9M | 383.8M | 423.0M | 327.2M | |
| Gross Profit | 35.7M | 226.3M | 196.3M | 68.2M | 116.7M | 94.0M | |
| Other Operating Expenses | 348.1M | 350.9M | 369.7M | 389.7M | 336.0M | 259.4M | |
| Operating Income | 7.6M | 201.1M | 167.2M | (5.8M) | 87.0M | 91.4M | |
| Ebit | (203.2M) | 197.4M | 168.5M | (7.3M) | 89.8M | 94.3M | |
| Ebitda | (136.6M) | 255.0M | 230.1M | 60.6M | 159.9M | 82.5M | |
| Cost Of Revenue | 319.9M | 320.9M | 340.7M | 315.7M | 306.3M | 198.0M | |
| Total Operating Expenses | 28.2M | 30.1M | 29.0M | 74.0M | 29.6M | 44.7M | |
| Net Income | (247.1M) | 182.0M | 158.6M | (12.9M) | 76.4M | 80.2M | |
| Income Tax Expense | 21.6M | 15.9M | 8.7M | 514K | 462.6K | 439.5K | |
| Income Before Tax | (225.6M) | 182.0M | 159.4M | (12.4M) | 76.5M | 80.3M | |
| Total Other Income Expense Net | (233.2M) | (19.1M) | (7.9M) | (6.5M) | (10.6M) | (11.1M) | |
| Net Income Applicable To Common Shares | (56.0M) | (225.6M) | 182.0M | 158.6M | 142.7M | 149.9M | |
| Net Income From Continuing Ops | (225.6M) | 182.0M | 159.4M | 11.4M | 76.5M | 80.3M | |
| 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 | 1.0M | 154K | 1.0M | 2.5M | 3.0M | 2.8M | |
| Net Interest Income | (21.4M) | (15.2M) | (8.1M) | (5.8M) | (10.3M) | (10.8M) | |
| Reconciled Depreciation | 66.5M | 57.6M | 61.6M | 67.2M | 70.1M | 53.7M |
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Try AI Portfolio ArchitectCheck 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Marine Transportation space 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 1.516 | Dividend Share 1.46 | Earnings Share 1.75 | Revenue Per Share | Quarterly Revenue Growth (0.14) |
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.