10-Q Filing

GENER8 MARITIME, INC. CIK: 1443799 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-078777`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	gnrt-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 73 Cash Flow Statement 75 Stockholders Equity 18 Comprehensive Income 16

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Vessels, accumulated depreciation (in dollars)	`AccumulatedDepreciationVessels`	$138.63M	USD	Point-in-time
Vessels, accumulated depreciation (in dollars)	`AccumulatedDepreciationVessels`	$109.23M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$244.60M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	225.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$171.70M	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`	82.11M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$660.00K	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	82.11M	shares	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$22.50M	USD	Point-in-time
Due from charterers, net	`AccountsReceivableNetCurrent`	$50.01M	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
Due from Navig8 pools, net	`DueFromRelatedPartiesCurrent`	$21.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.68M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.69M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	25.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$230.66M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$308.15M	USD	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 $138,626 and $109,235, respectively	`VesselsNet`	$895.41M	USD	Point-in-time
Vessels, net of accumulated depreciation of $138,626 and $109,235, respectively	`VesselsNet`	$814.53M	USD	Point-in-time
Vessels under construction	`ConstructionInProgressGross`	$257.58M	USD	Point-in-time
Vessels under construction	`ConstructionInProgressGross`	$809.49M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentExcludingVessels`	$4.15M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentExcludingVessels`	$2.98M	USD	Point-in-time
Deferred drydock costs, net	`DeferredDrydockCostsNet`	$18.40M	USD	Point-in-time
Deferred drydock costs, net	`DeferredDrydockCostsNet`	$14.36M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$32.05M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$1.80M	USD	Point-in-time
Working capital at Navig8 pools	`WorkingCapitalInVesselPool`	$22.00M	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`	$7.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$11.87M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.13B	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.82B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.13B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.36B	USD	Point-in-time
Long-term debt, current portion	`LongTermDebtCurrent`	$121.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.77M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$32.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$153.89M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$669.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$790.84M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$297.00K	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`	$669.72M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$843.78M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$823.61M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$821.00K	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$809.48M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$1.51B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-292.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-208.94M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$658.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$329.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$517.15M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.30B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.13B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Time charter revenues	`TimeCharterRevenues`	$7.82M	USD	3 Qtrs
Time charter revenues	`TimeCharterRevenues`	$3.65M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenues`	$21.65M	USD	3 Qtrs
Time charter revenues	`TimeCharterRevenues`	$6.93M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$291.76M	USD	3 Qtrs
Spot charter revenues	`SpotCharterRevenues`	$26.36M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$89.32M	USD	1 Quarter
Spot charter revenues	`SpotCharterRevenues`	$245.31M	USD	3 Qtrs
Navig8 pools revenues	`RevenueFromRelatedParties`	$60.21M	USD	3 Qtrs
Navig8 pools revenues	`RevenueFromRelatedParties`	$56.00M	USD	1 Quarter
Total voyage revenues	`SalesRevenueServicesNet`	$299.58M	USD	3 Qtrs
Total voyage revenues	`SalesRevenueServicesNet`	$89.29M	USD	1 Quarter
Total voyage revenues	`SalesRevenueServicesNet`	$92.97M	USD	1 Quarter
Total voyage revenues	`SalesRevenueServicesNet`	$327.17M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$61.19M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$10.53M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$188.06M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$93.20M	USD	3 Qtrs
Direct vessel operating expenses	`DirectOperatingCosts`	$20.54M	USD	1 Quarter
Direct vessel operating expenses	`DirectOperatingCosts`	$20.87M	USD	1 Quarter
Direct vessel operating expenses	`DirectOperatingCosts`	$62.58M	USD	3 Qtrs
Direct vessel operating expenses	`DirectOperatingCosts`	$64.06M	USD	3 Qtrs
Navig8 charterhire expenses	`CostsAndExpensesRelatedParty`	$4.69M	USD	1 Quarter
Navig8 charterhire expenses	`CostsAndExpensesRelatedParty`	$7.29M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$16.82M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$28.14M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.34M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.60M	USD	1 Quarter
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	3 Qtrs
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-274.00K	USD	1 Quarter
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-101.00K	USD	1 Quarter
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-248.00K	USD	3 Qtrs
Loss on disposal of vessel equipment	`GainLossOnDispositionOfAssets1`	$-8.31M	USD	3 Qtrs
Closing of Portugal office	`BusinessExitCosts1`	$507.00K	USD	3 Qtrs
Closing of Portugal office	`BusinessExitCosts1`	$146.00K	USD	1 Quarter
Closing of Portugal office	`BusinessExitCosts1`	$536.00K	USD	1 Quarter
Closing of Portugal office	`BusinessExitCosts1`	$4.76M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$55.80M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$225.58M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$99.57M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$317.60M	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-18.02M	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$33.49M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$101.59M	USD	3 Qtrs
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$-6.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-193.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-22.09M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-7.82M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-11.13M	USD	3 Qtrs
Other financing costs	`OtherDebtIssuanceCosts`	$6.04M	USD	3 Qtrs
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-69.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$132.00K	USD	1 Quarter
Other income (expenses), net	`OtherNonoperatingIncomeExpense`	$-370.00K	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-7.68M	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-262.00K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$-17.54M	USD	3 Qtrs
Total other expenses	`NonoperatingIncomeExpense`	$-22.09M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.10M	USD	3 Qtrs
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.28M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$33.23M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$84.05M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.36	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.50	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.43	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.49	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.43	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.36	USD	3 Qtrs

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.10M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$33.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$84.05M	USD	3 Qtrs
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-274.00K	USD	1 Quarter
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-8.31M	USD	3 Qtrs
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-101.00K	USD	1 Quarter
Loss on disposal of vessels and vessel equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-248.00K	USD	3 Qtrs
Goodwill impairment	`GoodwillImpairmentLoss`	$1.25M	USD	3 Qtrs
Payment-in-kind interest expense	`PaidInKindInterest`	$3.88M	USD	3 Qtrs
Payment-in-kind interest expense	`PaidInKindInterest`	$4.53M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.34M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.60M	USD	1 Quarter
Amortization of fair value of related-party chartered-in vessel	`RelatedPartyAmortizationOfFairValueOfAsset`	$1.59M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$191.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$508.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$946.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$546.00K	USD	3 Qtrs
Write-off commitment premium shares	`WriteOffOfCommitmentPremiumShares`	$6.04M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$968.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$11.65M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$3.12M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$393.00K	USD	3 Qtrs
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$2.76M	USD	3 Qtrs
(Increase) decrease in due from charterers	`IncreaseDecreaseInAccountsReceivable`	$-24.39M	USD	3 Qtrs
Increase in due from Navig8 pools	`RelatedPartyIncreaseDecreaseInAccountsReceivable`	$19.49M	USD	3 Qtrs
Decrease in prepaid expenses and other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.21M	USD	3 Qtrs
Decrease in prepaid expenses and other current and noncurrent assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.68M	USD	3 Qtrs
Increase in working capital at Navig8 pools	`IncreaseDecreaseInOperatingCapital`	$22.00M	USD	3 Qtrs
Decrease in accounts payable and other current and noncurrent liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.68M	USD	3 Qtrs
Decrease in accounts payable and other current and noncurrent liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.28M	USD	3 Qtrs
Increase in deferred voyage revenue	`IncreaseDecreaseInDeferredRevenue`	$623.00K	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$7.58M	USD	3 Qtrs
Deferred drydock costs incurred	`DeferredDrydockCostsIncurred`	$10.35M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$112.45M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.32M	USD	3 Qtrs
Payments for purchase of VLCC Newbuildings	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.56M	USD	3 Qtrs
Payments for purchase of VLCC Newbuildings	`PaymentsToAcquirePropertyPlantAndEquipment`	$187.93M	USD	3 Qtrs
Payment of professional fees for 2015 merger	`PaymentsForProfessionalFees`	$10.29M	USD	3 Qtrs
Payment of capitalized interest	`InterestPaidCapitalized`	$13.79M	USD	3 Qtrs
Payment of capitalized interest	`InterestPaidCapitalized`	$4.40M	USD	3 Qtrs
Proceeds from sale of vessels	`ProceedsFromSaleOfOtherProductiveAssets`	$22.70M	USD	3 Qtrs
Cash at Navig8 Crude upon merger	`CashAcquiredFromAcquisition`	$28.88M	USD	3 Qtrs
Deposit of cash merger consideration	`CashDepositedWithPayingAgent`	$1.19M	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$764.00K	USD	3 Qtrs
Purchase of vessel improvements and other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$4.12M	USD	3 Qtrs
Purchase of vessel improvements and other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$2.76M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-215.38M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-187.86M	USD	3 Qtrs
Borrowings under Senior Notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$125.02M	USD	3 Qtrs
Gross proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$197.74M	USD	3 Qtrs
Gross proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$236.35M	USD	3 Qtrs
Payment of underwriters' commission	`PaymentsForUnderwritingExpense`	$15.36M	USD	3 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$6.47M	USD	3 Qtrs
Payment of stock issuance costs	`PaymentsOfStockIssuanceCosts`	$1.50M	USD	3 Qtrs
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$29.80M	USD	3 Qtrs
Deferred financing costs paid	`PaymentsOfFinancingCosts`	$355.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$172.38M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$299.53M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$329.00K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$159.00K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$73.99M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$97.30M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$244.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$171.70M	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`	$244.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$171.70M	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 capitalized interest	`InterestPaidNet`	$6.46M	USD	3 Qtrs
Cash paid during the period for interest, net of capitalized interest	`InterestPaidNet`	$17.36M	USD	3 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$517.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.30B	USD	Point-in-time
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.10M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$33.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$84.05M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$329.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-26.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$39.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-156.00K	USD	1 Quarter
Issuance of 31,465,989 shares of common stock to acquire 2015 VLCC Newbuildings	`StockIssuedDuringPeriodValueAcquisitions`	$464.60M	USD	3 Qtrs
Issuance of 483,970 shares of common stock for share purchase commitment	`StockIssuanceCostForSharePurchaseCommitment`	$6.04M	USD	3 Qtrs
Issuance of 15,000,000 shares of common stock for initial public offering	`StockIssuedDuringPeriodValueNewIssues`	$189.81M	USD	3 Qtrs
Issuance of 1,882,223 shares of common stock for exercise of over-allotment option	`StockIssuedDuringPeriodValueNewIssuesOverAllotmentOption`	$24.64M	USD	3 Qtrs
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$11.65M	USD	3 Qtrs
Issuance of 2015 warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$3.38M	USD	3 Qtrs
Balance	`StockholdersEquity`	$517.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.30B	USD	Point-in-time

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-40.10M	USD	3 Qtrs
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-14.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$33.23M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$84.05M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$329.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-26.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$39.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-156.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$39.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-26.00K	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-156.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$329.00K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$33.27M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-40.13M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-14.44M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$84.38M	USD	3 Qtrs

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