← 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
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $85.5m $28.5m $31.8m $20.2m
Net Income (Loss) Attributable to Parent $7.5m $7.8m $17.8m $11.7m $11.4m $67.2m $79.5m $26.3m $28.9m $19.4m
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
Amortization of Debt Issuance Costs $663k $658k — — — — — — — —
Depreciation Amortization Depletion — — — — — — $29.5m $30.1m $30.4m $42.5m
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
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — $0 $3.0m
Share-based Payment Arrangement, Expense $602k — — — — — — — $0 $3.0m
Asset Impairment Charge — — — — — $0 $3.0m $0 — —
Gain (Loss) on Disposition of Other Assets $0 ($9.3m) ($860k) — — — — — — —
Income (Loss) from Equity Method Investments $0 $256k $224k $156k $1.1m $1.1m $807k $684k $1.7m $3.0m
Income Tax Expense (Benefit) $198k $428k $356k $458k $578k $605k $443k $417k $389k $366k
Operating Lease, Expense — — — — — — — — $200k $443k
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)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $1.8m $5.6m $7.7m $726k $995k $26.7m ($15.1m) $14.1m ($3.7m) $15.0m
Increase (Decrease) in Inventories $5.7m $2.2m $3.9m $2.4m ($5.0m) $11.2m $2.0m ($12.5m) $11.0m ($4.5m)
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
Nonoperating Income (Expense) ($159k) $1.8m ($12.1m) ($6.2m) ($7.0m) ($6.5m) ($20.0m) ($16.1m) ($16.7m) ($20.8m)
Operating Expenses $225.1m $369.9m $336.9m $388.9m $363.2m $639.2m $594.2m $454.7m $488.1m $591.1m
Unrealized Gain (Loss) on Derivatives $2.2m $360k ($3.9m) $2.8m ($156k) $3.9m $682k ($2.9m) ($953k) ($1.4m)
Beginning Cash Position — — — — — — $56.2m $128.4m $99.0m $86.8m
Cash Flow From Continuing Financing Activities — — — — — — ($34.1m) ($67.2m) ($10.2m) ($48.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($28.5m) ($16.0m) ($67.7m) $11.4m
Change In Account Payable — — — — — — ($8.9m) ($4.1m) $11.8m $7.5m
Change In Inventory — — — — — — ($2.0m) $12.5m ($11.0m) $4.5m
Change In Other Working Capital — — — — — — ($11.3m) ($5.3m) ($182k) $9.4m
Change In Payable — — — — — — ($8.9m) ($4.1m) $11.8m $7.5m
Change In Payables And Accrued Expense — — — — — — ($8.9m) ($4.1m) $11.8m $7.5m
Change In Prepaid Assets — — — — — — $19.1m ($343k) ($2.7m) ($194k)
Change In Receivables — — — — — — $15.1m ($14.1m) $3.7m ($15.0m)
Change In Working Capital — — — — — — $12.0m ($11.2m) $1.6m $6.2m
Changes In Account Receivables — — — — — — $15.1m ($14.1m) $3.7m ($15.0m)
Changes In Cash — — — — — — $72.2m ($29.3m) ($12.2m) $16.5m
End Cash Position — — — — — — $128.4m $99.0m $86.8m $103.3m
Financing Cash Flow — — — — — — ($34.1m) ($67.2m) ($10.2m) ($48.6m)
Free Cash Flow — — — — — — $98.4m $26.5m ($3.7m) $47.2m
Gain Loss On Investment Securities — — — — — — ($682k) $2.9m $953k $1.4m
Gain Loss On Sale Of PPE — — — — — — $318k $1.7m $0 ($3.0m)
Investing Cash Flow — — — — — — ($28.5m) ($16.0m) ($67.7m) $11.4m
Net Business Purchase And Sale — — — — — — ($515k) ($7.6m) ($172k) ($3.4m)
Net PPE Purchase And Sale — — — — — — ($28.0m) ($10.0m) ($69.4m) $10.7m
Operating Gains Losses — — — — — — ($1.2m) $4.0m ($757k) ($4.6m)
Other Non Cash Items — — — — — — $1.8m ($2.6m) ($1.9m) ($16.1m)
Proceeds From Stock Option Exercised — — — — — ($150k) ($408k) ($127k) $0 —
Provisionand Write Offof Assets — — — — — — $2.4m $2.9m $1.8m $1.5m
Purchase Of Business — — — — — — ($515k) ($7.6m) ($172k) ($3.4m)
Purchase Of PPE — — — — — — ($36.4m) ($27.3m) ($69.4m) ($6.5m)
Repurchase Of Capital Stock — — — — — — — — $0 ($3.0m)
Sale Of PPE — — — — — — $8.4m $17.3m $0 $17.2m
Stock Based Compensation — — — — — — $1.8m $2.1m $2.8m $4.1m
Net Cash Provided by (Used in) Operating Activities $19.2m $29.2m $40.1m $44.5m $20.8m $61.7m $134.8m $53.8m $65.7m $53.7m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($36.4m) ($27.3m) ($69.4m) ($6.5m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — $7.2m $0 —
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
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.4m $35.0m $0 $14.0m $18.0m $79.2m $8.5m $0 $64.2m $705k
Issuance Of Debt — — — — — — $23.5m $0 $89.2m $18.7m
Long Term Debt Issuance — — — — — — $23.5m $0 $89.2m $18.7m
Net Issuance Payments Of Debt — — — — — — ($7.8m) ($36.0m) $33.9m ($26.8m)
Net Long Term Debt Issuance — — — — — — ($7.8m) ($36.0m) $33.9m ($26.8m)
Repayments of Long-term Debt $23.7m $25.3m $21.1m — — $2.5m $5.0m $0 $3.0m $2.8m
Long Term Debt Payments — — — — — — ($31.3m) ($36.0m) ($55.3m) ($45.5m)
Repayment Of Debt — — — — — — ($31.3m) ($36.0m) ($55.3m) ($45.5m)
Proceeds from Issuance of Common Stock — $9.6m ($51k) $0 — — — $0 — $0
Net Common Stock Issuance — — — — — — — — $0 ($3.0m)
Payments of Ordinary Dividends, Common Stock $100k $1.0m $2.3m $8.1m $535k $5.5m $13.4m $18.1m $18.7m $16.3m
Common Stock Payments — — — — — — — — $0 ($3.0m)
Proceeds from Noncontrolling Interests $1.6m — — $423k $323k $9.2m $0 — — $309k
Proceeds from (Payments to) Noncontrolling Interests — $1.4m $0 — — — — — — —
Dividends Payable, Current $12.6m $7.2m $4.1m $632k $1.0m $214k $626k $1.1m $1.2m $1.2m
Dividends Payable $12.6m $7.2m $4.1m $632k $1.0m $214k — — — —
Cash Dividends Paid — — — — — — ($13.4m) ($18.1m) ($18.7m) ($16.3m)
Common Stock Dividend Paid — — — — — — ($13.4m) ($18.1m) ($18.7m) ($16.3m)
Dividends Received CFI — — — — — — $0 $1.6m $1.9m $4.1m
Net Other Financing Charges — — — — — — ($12.5m) ($12.9m) ($25.4m) ($2.5m)
Net Cash Provided by (Used in) Financing Activities ($24.2m) $47.5m ($5.0m) ($916k) ($18.6m) $143.9m ($34.1m) ($67.2m) ($10.2m) ($48.6m)
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
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
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $72.2m ($29.3m) ($12.2m) $16.5m
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

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.