10-Q Filing

GENER8 MARITIME, INC. CIK: 1443799 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-060025`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	gnrt-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 80 Cash Flow Statement 80 Stockholders Equity 17 Comprehensive Income 16

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Vessels, accumulated depreciation (in dollars)	`AccumulatedDepreciationVessels`	$109.23M	USD	Point-in-time
Vessels, accumulated depreciation (in dollars)	`AccumulatedDepreciationVessels`	$128.58M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.55M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$356.94M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$97.71M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$147.30M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	79.99M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$660.00K	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$50.01M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	79.99M	shares	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$58.55M	USD	Point-in-time
Due from Navig8 pools, net	`DueFromRelatedPartiesCurrent`	$4.66M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.69M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.27M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$230.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$450.41M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Vessels, net of accumulated depreciation of $128,583 and $109,235, respectively	`VesselsNet`	$795.57M	USD	Point-in-time
Vessels, net of accumulated depreciation of $128,583 and $109,235, respectively	`VesselsNet`	$814.53M	USD	Point-in-time
Vessels under construction	`ConstructionInProgressGross`	$766.46M	USD	Point-in-time
Vessels under construction	`ConstructionInProgressGross`	$257.58M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentExcludingVessels`	$2.98M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentExcludingVessels`	$3.62M	USD	Point-in-time
Deferred drydock costs, net	`DeferredDrydockCostsNet`	$14.36M	USD	Point-in-time
Deferred drydock costs, net	`DeferredDrydockCostsNet`	$15.02M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.89M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.80M	USD	Point-in-time
Working capital at Navig8 pools	`WorkingCapitalInVesselPool`	$3.75M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$1.42M	USD	Point-in-time
Goodwill	`Goodwill`	$27.13M	USD	Point-in-time
Goodwill	`Goodwill`	$27.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$11.87M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.93M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.62B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.13B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.08B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.36B	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$29.53M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$36.46M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.99M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$790.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$769.26M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$204.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$171.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$791.01M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$769.47M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$835.45M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$843.78M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$800.00K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$1.48B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$809.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-242.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-292.99M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$329.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$619.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$517.15M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.24B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.08B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Time charter revenues	`TimeCharterRevenues`	$14.72M	USD	2 Qtrs
Time charter revenues	`TimeCharterRevenues`	$8.69M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenues`	$4.16M	USD	2 Qtrs
Time charter revenues	`TimeCharterRevenues`	$2.39M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$80.94M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$103.58M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$202.44M	USD	2 Qtrs
Spot charter revenues	`SpotCharterRevenues`	$218.95M	USD	2 Qtrs
Navig8 pools revenues	`RevenueFromRelatedParties`	$4.21M	USD	2 Qtrs
Navig8 pools revenues	`RevenueFromRelatedParties`	$4.21M	USD	1 Quarter
Navig8 pools revenues	`RevenueFromRelatedParties`	-	USD	1 Quarter
Navig8 pools revenues	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Total voyage revenues	`SalesRevenueServicesNet`	$116.48M	USD	1 Quarter
Total voyage revenues	`SalesRevenueServicesNet`	$237.88M	USD	2 Qtrs
Total voyage revenues	`SalesRevenueServicesNet`	$206.61M	USD	2 Qtrs
Total voyage revenues	`SalesRevenueServicesNet`	$83.33M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$82.68M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$36.78M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$126.88M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$57.99M	USD	1 Quarter
Direct vessel operating expenses	`DirectOperatingCosts`	$43.20M	USD	2 Qtrs
Direct vessel operating expenses	`DirectOperatingCosts`	$42.04M	USD	2 Qtrs
Direct vessel operating expenses	`DirectOperatingCosts`	$21.35M	USD	1 Quarter
Direct vessel operating expenses	`DirectOperatingCosts`	$21.15M	USD	1 Quarter
Navig8 charterhire expenses	`CostsAndExpensesRelatedParty`	$2.60M	USD	1 Quarter
Navig8 charterhire expenses	`CostsAndExpensesRelatedParty`	$2.60M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$15.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.94M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.77M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.51M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	1 Quarter
Loss on impairment of vessel held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$6.30M	USD	1 Quarter
Loss on impairment of vessel held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$6.30M	USD	2 Qtrs
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-623.00K	USD	1 Quarter
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-1.74M	USD	2 Qtrs
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-16.00K	USD	1 Quarter
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-147.00K	USD	2 Qtrs
Closing of Portugal office	`BusinessExitCosts1`	$4.22M	USD	2 Qtrs
Closing of Portugal office	`BusinessExitCosts1`	$361.00K	USD	2 Qtrs
Closing of Portugal office	`BusinessExitCosts1`	$169.00K	USD	1 Quarter
Closing of Portugal office	`BusinessExitCosts1`	$4.22M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$109.53M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$218.02M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$87.04M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$169.78M	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-11.42M	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$68.10M	USD	2 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$29.44M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-26.21M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-7.01M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.51M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-14.27M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-10.94M	USD	2 Qtrs
Other financing costs	`OtherDebtIssuanceCosts`	$6.04M	USD	1 Quarter
Other financing costs	`OtherDebtIssuanceCosts`	$6.04M	USD	2 Qtrs
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-132.00K	USD	2 Qtrs
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-67.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-301.00K	USD	2 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-14.41M	USD	2 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-17.28M	USD	2 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-7.08M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-9.54M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.82M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$50.82M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.28M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.90M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.93	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.18	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.05	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.93	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$50.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.90M	USD	1 Quarter
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-623.00K	USD	1 Quarter
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-16.00K	USD	1 Quarter
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-147.00K	USD	2 Qtrs
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.74M	USD	2 Qtrs
Loss on impairment of vessel held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$6.30M	USD	1 Quarter
Loss on impairment of vessel held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$6.30M	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	2 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	1 Quarter
Payment-in-kind interest expense	`PaidInKindInterest`	$3.89M	USD	2 Qtrs
Payment-in-kind interest expense	`PaidInKindInterest`	$1.65M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.68M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.51M	USD	1 Quarter
Amortization of fair value of related-party chartered-in vessel	`RelatedPartyAmortizationOfFairValueOfAsset`	$596.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$355.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$251.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$438.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$184.00K	USD	1 Quarter
Write-off commitment premium shares	`WriteOffOfCommitmentPremiumShares`	$6.04M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$10.06M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$721.00K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$1.72M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$266.00K	USD	2 Qtrs
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$10.27M	USD	2 Qtrs
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-6.71M	USD	2 Qtrs
Increase in due from Navig8 pools	`RelatedPartyIncreaseDecreaseInAccountsReceivable`	$2.78M	USD	2 Qtrs
Decrease in prepaid expenses and other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.06M	USD	2 Qtrs
Decrease in prepaid expenses and other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.95M	USD	2 Qtrs
Increase in working capital at Navig8 pools	`IncreaseDecreaseInOperatingCapital`	$3.75M	USD	2 Qtrs
Decrease in accounts payable and other current and noncurrent liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.93M	USD	2 Qtrs
Decrease in accounts payable and other current and noncurrent liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-26.63M	USD	2 Qtrs
Increase in deferred voyage revenue	`IncreaseDecreaseInDeferredRevenue`	$612.00K	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$8.55M	USD	2 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$2.84M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$56.53M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.09M	USD	2 Qtrs
Payments for purchase of 2014 VLCC newbuildings	`PaymentsToAcquirePropertyPlantAndEquipment`	$49.06M	USD	2 Qtrs
Payments for purchase of 2014 VLCC newbuildings	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.41M	USD	2 Qtrs
Payment of professional fees for 2015 merger	`PaymentsForProfessionalFees`	$7.37M	USD	2 Qtrs
Payment of capitalized interest	`InterestPaidCapitalized`	$2.10M	USD	2 Qtrs
Payment of capitalized interest	`InterestPaidCapitalized`	$7.06M	USD	2 Qtrs
Proceeds from sale of vessels	`ProceedsFromSaleOfOtherProductiveAssets`	$6.44M	USD	2 Qtrs
Advance receipt for vessel held for sale	`ProceedsFromAdvancesForAssetsHeldForSale`	$1.50M	USD	2 Qtrs
Cash at Navig8 Crude upon merger	`CashAcquiredFromAcquisition`	$28.88M	USD	2 Qtrs
Deposit of cash merger consideration	`CashDepositedWithPayingAgent`	$4.53M	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$763.00K	USD	2 Qtrs
Purchase of vessel improvements, and other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$1.28M	USD	2 Qtrs
Purchase of vessel improvements, and other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$2.57M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.18M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-226.15M	USD	2 Qtrs
Borrowings under Senior Notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$125.02M	USD	2 Qtrs
Repayments of $508M credit facility	`RepaymentsOfLinesOfCredit`	$6.37M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$197.74M	USD	2 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$210.00M	USD	2 Qtrs
Payment of underwriters' commission	`PaymentsForUnderwritingExpense`	$13.65M	USD	2 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$1.09M	USD	2 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$1.93M	USD	2 Qtrs
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$526.00K	USD	2 Qtrs
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$355.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$314.95M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$193.89M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$397.00K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$130.00K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$209.63M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$84.84M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$182.55M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$356.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$97.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$182.55M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$356.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$97.71M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.30M	USD	Point-in-time
Cash paid during the period for interest, net of payment of capitalized interest	`InterestPaidNet`	$12.58M	USD	2 Qtrs
Cash paid during the period for interest, net of payment of capitalized interest	`InterestPaidNet`	$6.76M	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$517.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.24B	USD	Point-in-time
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$50.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$290.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$130.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$27.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-17.00K	USD	1 Quarter
Issuance of 31,233,170 shares of common stock to acquire 2015 VLCC vessels	`StockIssuedDuringPeriodValueAcquisitions`	$461.25M	USD	2 Qtrs
Issuance of 483,970 shares of common stock for share purchase commitment	`StockIssuanceCostForSharePurchaseCommitment`	$6.04M	USD	2 Qtrs
Issuance of 15,000,000 shares of common stock for initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$190.72M	USD	2 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.10M	USD	2 Qtrs
Issuance of 2015 warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$3.38M	USD	2 Qtrs
Balance	`StockholdersEquity`	$517.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.24B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-25.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$50.82M	USD	2 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-33.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$19.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$290.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$130.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$27.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-17.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$130.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$290.00K	USD	2 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-17.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-33.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$19.93M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$51.11M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-25.69M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.