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	-5.1	31.77	28.54	85.51	72.37	12.69
Depreciation & Amortization	38.5	30.38	30.07	29.49	22.97	17.06
Stock-Based Compensation	3.17	2.79	2.09	1.77	2.1	2.31
Other Adjustments	-17.63	-0.86	4.29	6.04	-9.31	-3.14
Change in Receivables	-3.25	3.69	-14.08	15.13	-26.67	-1
Changes in Inventories	-4.13	-11.03	12.55	-1.96	-11.18	5.03
Changes in Accounts Payable	17.97	11.84	-4.08	-8.94	16.98	-10.89
Changes in Unearned Revenue	2.21	-0.18	-5.25	-11.32	19.41	-1.58
Changes in Other Operating Activities	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	-18.44	-69.43	-27.26	-36.39	-196.65	-2.93
Sale of Property, Plant & Equipment	-	-	17.27	8.4	-	11.67
Payments for Business Acquisitions	-	-	-7.2	-	-	-15
Other Investing Activities	3.57	1.74	1.21	-0.52	-1.14	-0.63
Investing Cash Flow	-8.43	-67.69	-15.98	-28.51	-197.79	-6.89
Long-Term Debt Issued	23.28	64.15	-	8.5	79.15	18
Long-Term Debt Repaid	-16.54	-33.08	-15.78	-15.44	-61.96	-22.99
Net Long-Term Debt Issued (Repaid)	6.74	31.07	-15.78	-6.94	17.19	-4.99
Repurchase of Common Stock	2.98	-	-	-	-	-
Net Common Stock Issued (Repurchased)	2.98	-	-	-	-	-
Common Dividends Paid	-17.89	-18.71	-18.1	-13.41	-5.54	-0.24
Other Financing Activities	-8.69	-22.59	-33.27	-13.76	132.2	-13.38
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	39.44	-3.74	26.52	98.41	-134.91	17.91
Free Cash Flow Growth	-	-	-73.05%	-	-	-
FCF Margin	6.63%	-0.70%	5.31%	14.06%	-18.79%	4.68%
Free Cash Flow Per Share	0.66	-0.08	0.58	2.18	-3.01	0.41
Levered Free Cash Flow	55.02	18.85	16.22	62.51	-88.99	13.4
Unlevered Free Cash Flow	75.4	7.33	50.3	95.47	-94.54	26.73

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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