Pangaea Logistics Solutions, Ltd. (PANL)

PANL Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	15.92	28.9	26.32	79.49	67.23	11.35
Depreciation & Amortization	38.5	30.38	30.07	29.49	22.97	17.06
Other Amortization	1.29	1.16	1.07	1.13	1.04	0.78
Loss (Gain) From Sale of Assets	-0.31	-	1.74	0.32	-	0.73
Asset Writedown & Restructuring Costs	-	-	-	3.01	-	1.8
Loss (Gain) on Equity Investments	-2.1	-1.71	-0.68	-0.81	-1.13	-1.08
Stock-Based Compensation	3.17	2.79	2.09	1.77	2.1	2.31
Provision & Write-off of Bad Debts	1.34	1.84	2.94	2.38	1.56	0.15
Other Operating Activities	-16.39	-2.38	0.99	-0.69	-6.82	-4.36
Change in Accounts Receivable	-3.25	3.69	-14.08	15.13	-26.67	-1
Change in Inventory	-4.13	-11.03	12.55	-1.96	-11.18	5.03
Change in Accounts Payable	17.97	11.84	-4.08	-8.94	16.98	-10.89
Change in Unearned Revenue	2.21	-0.18	-5.25	-11.32	19.41	-1.58
Change in Other Net Operating Assets	0.98	-2.69	-0.34	19.09	-24.94	0.34
Operating Cash Flow	57.88	65.69	53.79	134.8	61.75	20.84
Operating Cash Flow Growth	-17.68%	22.13%	-60.10%	118.32%	196.35%	-53.13%
Capital Expenditures	-17.25	-69.43	-27.26	-36.39	-196.65	-2.93
Sale of Property, Plant & Equipment	7.86	-	17.27	8.4	-	11.67
Cash Acquisitions	-2.7	-	-7.2	-	-	-15
Investment in Securities	-0.84	-0.17	-0.43	-0.52	-1.14	-
Other Investing Activities	4.5	1.91	1.64	-	-	-0.63
Investing Cash Flow	-8.43	-67.69	-15.98	-28.51	-197.79	-6.89
Long-Term Debt Issued	-	89.15	-	23.5	220.32	18
Total Debt Issued	35	89.15	-	23.5	220.32	18
Long-Term Debt Repaid	-	-55.25	-36.02	-31.28	-71.88	-35.54
Total Debt Repaid	-41.3	-55.25	-36.02	-31.28	-71.88	-35.54
Net Debt Issued (Repaid)	-6.3	33.9	-36.02	-7.78	148.44	-17.54
Repurchase of Common Stock	-1.99	-	-0.13	-0.41	-0.15	-0.24
Common Dividends Paid	-17.89	-18.71	-18.1	-13.41	-5.54	-0.54
Other Financing Activities	-22.1	-25.42	-12.9	-12.52	1.11	-0.29
Financing Cash Flow	-48.28	-10.23	-67.15	-34.12	143.86	-18.61
Net Cash Flow	1.17	-12.23	-29.35	72.18	7.81	-4.66
Free Cash Flow	40.64	-3.74	26.52	98.41	-134.91	17.91
Free Cash Flow Growth	223.15%	-	-73.05%	-	-	-
Free Cash Flow Margin	6.83%	-0.70%	5.31%	14.06%	-18.79%	4.68%
Free Cash Flow Per Share	0.67	-0.08	0.58	2.18	-3.01	0.41
Cash Interest Paid	17.98	17.98	18.85	14.91	9.09	7.15
Levered Free Cash Flow	36.86	-18.03	17.89	64.67	-156.43	27.91
Unlevered Free Cash Flow	51.62	-6.46	27.87	77.68	-150.16	32.14
Change in Working Capital	13.78	1.62	-11.2	12	-26.39	-8.09

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q