Pangaea Logistics Solutions, Ltd. (PANL)

PANL Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	93.12	99.04	128.38	56.21	46.9	50.56
Cash & Short-Term Investments	93.12	99.04	128.38	56.21	46.9	50.56
Cash Growth	6.60%	-22.86%	128.41%	19.86%	-7.24%	-5.71%
Accounts Receivable	44.16	47.89	36.76	54.26	29.15	28.31
Other Receivables	10.61	5.78	7.72	17.01	6.82	6.47
Receivables	54.76	53.67	44.48	71.27	35.98	34.78
Inventory	26.74	16.56	29.1	27.15	15.97	21
Prepaid Expenses	6.99	7.07	4.78	5.96	3.71	4.92
Restricted Cash	-	-	-	-	1.5	1
Other Current Assets	14.62	15.49	15.77	23.38	7.3	15.7
Total Current Assets	196.24	191.83	222.51	183.96	111.34	127.96
Property, Plant & Equipment	543.72	504.66	520.45	517.11	321.98	335.09
Long-Term Investments	4.97	3.81	5.28	3.96	1.69	-
Goodwill	3.1	3.1	-	-	-	-
Other Intangible Assets	1.14	1.78	-	-	-	-
Other Long-Term Assets	-	-	-	1.99	15.39	16.86
Total Assets	749.17	705.18	748.24	707.02	450.4	479.9
Accounts Payable	11.96	6.28	9.98	7.03	18.68	24.17
Accrued Expenses	35.82	29.56	28.57	39.58	11.22	15.8
Short-Term Debt	-	-	-	2.79	2.74	0.33
Current Portion of Long-Term Debt	16.54	30.75	15.78	15.44	57.38	22.99
Current Portion of Leases	14.24	21.97	16.37	14.48	6.98	12.55
Current Unearned Revenue	16.08	15.63	20.88	32.21	12.8	14.38
Other Current Liabilities	1.28	1.15	0.63	0.21	1.01	0.63
Total Current Liabilities	95.91	105.33	92.21	111.74	110.81	90.85
Long-Term Debt	117.01	68.45	98.82	105.84	44.51	83.65
Long-Term Leases	141.07	143.27	168.51	170.96	50.52	57.5
Other Long-Term Liabilities	16.36	17.94	19.97	17.81	10.14	4.83
Total Liabilities	370.35	334.98	379.52	406.34	215.97	236.83
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	167.17	164.85	162.89	161.53	159.58	157.5
Retained Earnings	165.42	159.03	151.33	85.66	23.18	12.74
Total Common Equity	332.59	323.89	314.23	247.2	182.77	170.25
Minority Interest	46.22	46.31	54.5	53.48	51.67	72.83
Shareholders' Equity	378.81	370.2	368.72	300.68	234.43	243.07
Total Liabilities & Equity	749.17	705.18	748.24	707.02	450.4	479.9
Total Debt	288.86	264.44	299.48	309.51	162.13	177.02
Net Cash (Debt)	-195.74	-165.4	-171.1	-253.3	-115.23	-126.47
Net Cash Per Share	-4.25	-3.64	-3.80	-5.65	-2.63	-2.92
Filing Date Shares Outstanding	46.9	46.72	46.48	45.73	45.62	45.08
Total Common Shares Outstanding	46.9	46.47	45.9	45.62	45.45	44.89
Working Capital	100.33	86.49	130.3	72.22	0.53	37.1
Book Value Per Share	7.09	6.97	6.85	5.42	4.02	3.79
Tangible Book Value	328.35	319	314.23	247.2	182.77	170.25
Tangible Book Value Per Share	7.00	6.87	6.85	5.42	4.02	3.79
Land	-	2.57	2.54	2.54	2.54	2.54
Machinery	-	598.71	582.83	569.63	359.25	348.56

Source: S&P Capital IQ. Standard template. Financial Sources.