dryships inc (DRYS) Snapshot

DryShips, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company announced revenue of $319,713,000 compared to $247,496,000 for the same period a year ago. Operating loss was $44,885,000 compared to operating income of $12,466,000 for the same period a year ago. Net loss was $114,837,000 compared to $59,342,000 for the same period a year ago. Net loss attributable to the company was $116,635,000 or $0.30 per basic and diluted share compared to $47,456,000 or $0.12 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $111,995,000 compared to $104,059,000 for the same period a year ago. The company generated cash from operating activities of $106 million. Loss before income taxes was $100,673,000 compared to $49,310,000 for the same period a year ago. Net cash provided by operating activities was $106,313,000 compared to $2,027,000 for the same period a year ago. Vessels'/drilling rigs acquisitions, improvements and other fixed assets was $174,100,000 compared to $69,566,000 for the same period a year ago. Advances for vessel acquisitions/drillships under construction was $38,818,000 compared to $49,198,000 for the same period a year ago.

DryShips, Inc., Q1 2013 Earnings Call, May 23, 2013

DryShips, Inc. announced that they will report Q1, 2013 results at 5:00 PM, GTB Standard Time on May 22, 2013