← Pangaea Logistics Solutions Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $7.5m |
$7.8m
+4.77%
|
$17.8m
+127.28%
|
$11.7m
-34.35%
|
$11.4m
-2.62%
|
$67.2m
+492.19%
|
$79.5m
+18.24%
|
$26.3m
-66.89%
|
$28.9m
+9.80%
|
$19.4m
-32.99%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $9.2m | $9.1m | $24.0m | $17.0m | $12.7m | $72.4m | $85.5m | $28.5m | $31.8m | $20.2m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $1.7m | $1.3m | $6.2m | $5.4m | $1.3m | $5.1m | $6.0m | $2.2m | $2.9m | $798k | — | |
| Depreciation, Depletion and Amortization | $14.1m | $15.6m | $17.6m | $18.5m | $17.1m | $23.0m | $29.5m | $30.1m | $30.4m | $42.5m | $44.4m | |
| Amortization of Debt Issuance Costs | $663k | $658k | — | — | — | — | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $29.5m | $30.1m | $30.4m | $42.5m | $44.4m | |
| Share-based Payment Arrangement, Noncash Expense | $602k | $1.1m | $1.2m | $1.7m | $2.3m | $2.1m | $1.8m | $2.1m | $2.8m | $4.1m | $4.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | $0 | $3.0m | — | |
| Share-based Payment Arrangement, Expense | $602k | — | — | — | — | — | — | — | $0 | $3.0m | $4.3m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $3.0m | $0 | — | — | $3.0m | |
| Income (Loss) from Equity Method Investments | $0 | $256k | $224k | $156k | $1.1m | $1.1m | $807k | $684k | $1.7m | $3.0m | — | |
| Nonoperating Income (Expense) | ($159k) | $1.8m | ($12.1m) | ($6.2m) | ($7.0m) | ($6.5m) | ($20.0m) | ($16.1m) | ($16.7m) | ($20.8m) | — | |
| Other Nonoperating Income (Expense) | ($3.7m) | ($6.1m) | $677k | $315k | $982k | $1.1m | $807k | $761k | $1.4m | $3.0m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($807k) | ($684k) | ($1.7m) | ($3.0m) | ($3.0m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $12.0m | ($11.2m) | $1.6m | $6.2m | $3.9m | |
| Increase (Decrease) in Accounts Receivable | $1.8m | $5.6m | $7.7m | $726k | $995k | $26.7m | ($15.1m) | $14.1m | ($3.7m) | $15.0m | ($14.5m) | |
| Change In Receivables | — | — | — | — | — | — | $15.1m | ($14.1m) | $3.7m | ($15.0m) | ($14.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $15.1m | ($14.1m) | $3.7m | ($15.0m) | ($14.5m) | |
| Increase (Decrease) in Inventories | $5.7m | $2.2m | $3.9m | $2.4m | ($5.0m) | $11.2m | $2.0m | ($12.5m) | $11.0m | ($4.5m) | ($4.2m) | |
| Change In Inventory | — | — | — | — | — | — | ($2.0m) | $12.5m | ($11.0m) | $4.5m | ($4.2m) | |
| Gain (Loss) on Disposition of Other Assets | $0 | ($9.3m) | ($860k) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $19.2m |
$29.2m
+52.10%
|
$40.1m
+37.34%
|
$44.5m
+10.77%
|
$20.8m
-53.14%
|
$61.7m
+196.35%
|
$134.8m
+118.32%
|
$53.8m
-60.10%
|
$65.7m
+22.13%
|
$53.7m
-18.21%
|
$62.6m
+16.48%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($36.4m) | ($27.3m) | ($69.4m) | ($6.5m) | ($7.8m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | $7.2m | $0 | — | ($1.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($10.3m) | ($64.6m) | ($17.5m) | ($46.6m) | ($6.9m) | ($197.8m) | ($28.5m) | ($16.0m) | ($67.7m) | $11.4m | $10.6m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $23.7m | $25.3m | $21.1m | — | — | $2.5m | $5.0m | $0 | $3.0m | $2.8m | ($46.2m) | |
| Proceeds from Issuance of Long-term Debt | $1.4m | $35.0m | $0 | $14.0m | $18.0m | $79.2m | $8.5m | $0 | $64.2m | $705k | $47.0m | |
| Issuance Of Debt | — | — | — | — | — | — | $23.5m | $0 | $89.2m | $18.7m | $47.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $23.5m | $0 | $89.2m | $18.7m | $47.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($31.3m) | ($36.0m) | ($55.3m) | ($45.5m) | ($46.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($7.8m) | ($36.0m) | $33.9m | ($26.8m) | ($27.5m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($7.8m) | ($36.0m) | $33.9m | ($26.8m) | ($27.5m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($31.3m) | ($36.0m) | ($55.3m) | ($45.5m) | ($46.2m) | |
| Payments of Ordinary Dividends, Common Stock | $100k | $1.0m | $2.3m | $8.1m | $535k | $5.5m | $13.4m | $18.1m | $18.7m | $16.3m | ($13.5m) | |
| Proceeds from Issuance of Common Stock | — | $9.6m | ($51k) | $0 | — | — | — | $0 | — | $0 | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($13.4m) | ($18.1m) | ($18.7m) | ($16.3m) | ($13.5m) | |
| Common Stock Payments | — | — | — | — | — | — | — | — | $0 | ($3.0m) | ($3.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | — | — | $0 | ($3.0m) | ($3.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | — | $0 | ($3.0m) | ($3.0m) | |
| Dividends Payable, Current | $12.6m | $7.2m | $4.1m | $632k | $1.0m | $214k | $626k | $1.1m | $1.2m | $1.2m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($13.4m) | ($18.1m) | ($18.7m) | ($16.3m) | ($13.5m) | |
| Dividends Received CFI | — | — | — | — | — | — | $0 | $1.6m | $1.9m | $4.1m | $4.6m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($12.5m) | ($12.9m) | ($25.4m) | ($2.5m) | ($3.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($24.2m) |
$47.5m
+296.80%
|
($5.0m)
-110.61%
|
($916k)
+81.83%
|
($18.6m)
-1930.90%
|
$143.9m
+873.20%
|
($34.1m)
-123.72%
|
($67.2m)
-96.83%
|
($10.2m)
+84.77%
|
($48.6m)
-375.28%
|
($47.1m)
+3.18%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($15.2m) | $12.2m | $17.6m | ($3.1m) | ($4.7m) | $7.8m | $72.2m | ($29.3m) | ($12.2m) | $16.5m | $90.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $56.2m | $128.4m | $99.0m | $86.8m | $63.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $56.1m | $53.1m | $48.4m | $56.2m | $128.4m | $99.0m | $86.8m | $103.3m | $90.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.7m | $7.0m | $8.6m | $9.3m | $7.1m | $9.1m | $14.9m | $18.9m | $18.0m | $24.3m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | $0 | ($9.3m) | ($860k) | ($4.6m) | ($730k) | $0 | ($318k) | ($1.7m) | $0 | $3.0m | — | |
| General and Administrative Expense | $12.8m | $15.2m | $16.5m | $17.4m | $15.9m | $19.0m | $20.1m | $22.8m | $24.6m | $31.1m | — | |
| Goodwill | — | — | — | — | — | — | — | $3.1m | $3.1m | $3.1m | $3.0m | |
| Income Tax Expense (Benefit) | $198k | $428k | $356k | $458k | $578k | $605k | $443k | $417k | $389k | $366k | — | |
| Operating Expenses | $225.1m | $369.9m | $336.9m | $388.9m | $363.2m | $639.2m | $594.2m | $454.7m | $488.1m | $591.1m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | — | $200k | $443k | — | |
| Proceeds from Noncontrolling Interests | $1.6m | — | — | $423k | $323k | $9.2m | $0 | — | — | $309k | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | $1.4m | $0 | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | $2.2m | $360k | ($3.9m) | $2.8m | ($156k) | $3.9m | $682k | ($2.9m) | ($953k) | ($1.4m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($34.1m) | ($67.2m) | ($10.2m) | ($48.6m) | ($47.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($28.5m) | ($16.0m) | ($67.7m) | $11.4m | $10.6m | |
| Change In Account Payable | — | — | — | — | — | — | ($8.9m) | ($4.1m) | $11.8m | $7.5m | $31.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $72.2m | ($29.3m) | ($12.2m) | $16.5m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($11.3m) | ($5.3m) | ($182k) | $9.4m | $9.4m | |
| Change In Payable | — | — | — | — | — | — | ($8.9m) | ($4.1m) | $11.8m | $7.5m | $31.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $19.1m | ($343k) | ($2.7m) | ($194k) | ($18.2m) | |
| Changes In Cash | — | — | — | — | — | — | $72.2m | ($29.3m) | ($12.2m) | $16.5m | $26.1m | |
| End Cash Position | — | — | — | — | — | — | $128.4m | $99.0m | $86.8m | $103.3m | $90.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($34.1m) |
($67.2m)
-96.83%
|
($10.2m)
+84.77%
|
($48.6m)
-375.26%
|
($47.1m)
+3.18%
|
|
| Free Cash Flow | — | — | — | — | — | — | $98.4m | $26.5m | ($3.7m) | $47.2m | $54.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($682k) | $2.9m | $953k | $1.4m | ($5.1m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $318k | $1.7m | $0 | ($3.0m) | ($2.6m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($28.5m) | ($16.0m) | ($67.7m) | $11.4m | $10.6m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($515k) | ($7.6m) | ($172k) | ($3.4m) | ($1.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($28.0m) | ($10.0m) | ($69.4m) | $10.7m | $9.4m | |
| Operating Gains Losses | — | — | — | — | — | — | ($1.2m) | $4.0m | ($757k) | ($4.6m) | ($10.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | $1.8m | ($2.6m) | ($1.9m) | ($16.1m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | ($150k) | ($408k) | ($127k) | $0 | — | ($308k) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $2.4m | $2.9m | $1.8m | $1.5m | $1.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($515k) | ($7.6m) | ($172k) | ($3.4m) | ($1.2m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($36.4m) | ($27.3m) | ($69.4m) | ($6.5m) | ($7.8m) | |
| Sale Of PPE | — | — | — | — | — | — | $8.4m | $17.3m | $0 | $17.2m | $8.6m | |
| Stock Based Compensation | — | — | — | — | — | — | $1.8m | $2.1m | $2.8m | $4.1m | $4.3m |