Businessweek

DryShips, Inc. filed its 20-F on Mar 22, 2013 for the period ending Dec 31, 2012. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

DryShips, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company recorded a net loss attributable to the company of $129,848,000 or $0.34 per basic and diluted share, as compared to $6,220,000 or $0.02 per basic and diluted share for the same period in the prior year. Adjusted EBITDA was $109,471,000 as compared to $169,042,000 for the same period in 2011. Revenues were $282,866,000 compared to $328,182,000 a year ago. Operating loss was $83,173,000 compared to operating income of $57,287,000 a year ago. For the full year, the company recorded a net loss attributable to the company of $246,778,000 or $0.65 per basic and diluted share, as compared to $70,128,000 or $0.21 per basic and diluted per share for the same period in the prior year. Adjusted EBITDA was $500,480,000 as compared to $600,945,000 for the same period in 2011. Revenues were $1,210,139,000 compared to $1,077,662,000 a year ago. Operating income was $15,854,000 compared to $169,660,000 a year ago. The company reported vessels impairments for the fourth quarter ended December 31, 2012 of $41,517,000 against $27,142,000 a year ago.

DryShips, Inc. Presents at 7th Annual Invest in International Shipping Forum, Mar-21-2013 10:40 AM. Venue: The Metropolitan Club, One East 60th Street, New York, NY 10022-1054, United States. Speakers: George Economou, Chairman, Chief Executive Officer and President.

DryShips, Inc., Q4 2012 Earnings Call, Mar 07, 2013

DryShips, Inc. announced that they will report Q4, 2012 results at 5:00 PM, GTB Standard Time on Mar 06, 2013