Pangaea Logistics Solutions Ltd. (PANL)
NASDAQ: PANL · Real-Time Price · USD
7.57
+0.20 (2.71%)
At close: Nov 6, 2026, 4:00 PM EST
7.49
-0.08 (-1.06%)
After-hours: Nov 6, 2026, 7:30 PM EST
PANL Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 73.64 | 19.37 | 28.9 | 26.32 | 79.49 | 67.23 |
Depreciation & Amortization | 47.96 | 42.48 | 30.38 | 30.07 | 29.49 | 22.97 |
Other Amortization | 1.18 | 1.27 | 1.16 | 1.07 | 1.13 | 1.04 |
Loss (Gain) From Sale of Assets | -2.33 | -3 | - | 1.74 | 0.32 | - |
Asset Writedown & Restructuring Costs | - | - | - | - | 3.01 | - |
Loss (Gain) on Equity Investments | -3.26 | -2.95 | -1.71 | -0.68 | -0.81 | -1.13 |
Stock-Based Compensation | 4.39 | 4.11 | 2.79 | 2.09 | 1.77 | 2.1 |
Provision & Write-off of Bad Debts | 1.16 | 1.54 | 1.84 | 2.94 | 2.38 | 1.56 |
Other Operating Activities | -16.27 | -15.24 | -2.38 | 0.99 | -0.69 | -6.82 |
Change in Accounts Receivable | -19.87 | -15.02 | 3.69 | -14.08 | 15.13 | -26.67 |
Change in Inventory | -22.55 | 4.46 | -11.03 | 12.55 | -1.96 | -11.18 |
Change in Accounts Payable | 23.9 | 7.47 | 11.84 | -4.08 | -8.94 | 16.98 |
Change in Unearned Revenue | 19.84 | 9.44 | -0.18 | -5.25 | -11.32 | 19.41 |
Change in Other Net Operating Assets | -9.53 | -0.19 | -2.69 | -0.34 | 19.09 | -24.94 |
Operating Cash Flow | 98.27 | 53.73 | 65.69 | 53.79 | 134.8 | 61.75 |
Operating Cash Flow Growth | 69.77% | -18.21% | 22.13% | -60.10% | 118.32% | 196.35% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -6.75 | -6.49 | -69.43 | -27.26 | -36.39 | -196.65 |
Sale of Property, Plant & Equipment | 19.06 | 17.2 | - | 17.27 | 8.4 | - |
Cash Acquisitions | - | -2.7 | - | -7.2 | - | - |
Investment in Securities | 3.19 | -0.73 | -0.17 | -0.43 | -0.52 | -1.14 |
Other Investing Activities | 1.03 | 4.14 | 1.91 | 1.64 | - | - |
Investing Cash Flow | 16.53 | 11.41 | -67.69 | -15.98 | -28.51 | -197.79 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 18.71 | 89.15 | - | 23.5 | 220.32 |
Total Debt Issued | 1.52 | 18.71 | 89.15 | - | 23.5 | 220.32 |
Long-Term Debt Repaid | - | -45.49 | -55.25 | -36.02 | -31.28 | -71.88 |
Total Debt Repaid | -47.37 | -45.49 | -55.25 | -36.02 | -31.28 | -71.88 |
Net Debt Issued (Repaid) | -45.85 | -26.78 | 33.9 | -36.02 | -7.78 | 148.44 |
Repurchase of Common Stock | -1.01 | -3 | - | -0.13 | -0.41 | -0.15 |
Common Dividends Paid | -16.74 | -16.3 | -18.71 | -18.1 | -13.41 | -5.54 |
Other Financing Activities | -0.29 | -2.54 | -25.42 | -12.9 | -12.52 | 1.11 |
Financing Cash Flow | -63.89 | -48.62 | -10.23 | -67.15 | -34.12 | 143.86 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Miscellaneous Cash Flow Adjustments | 0 | 0 | - | - | - | - |
Net Cash Flow | 50.9 | 16.52 | -12.23 | -29.35 | 72.18 | 7.81 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 91.51 | 47.24 | -3.74 | 26.52 | 98.41 | -134.91 |
Free Cash Flow Growth | 125.20% | - | - | -73.05% | - | - |
Free Cash Flow Margin | 12.03% | 7.47% | -0.70% | 5.31% | 14.06% | -18.79% |
Free Cash Flow Per Share | 1.41 | 0.73 | -0.08 | 0.58 | 2.18 | -3.01 |
Levered Free Cash Flow | 84.7 | 59.28 | -18.03 | 17.89 | 64.67 | -156.43 |
Unlevered Free Cash Flow | 97.95 | 73.13 | -6.46 | 27.87 | 77.68 | -150.16 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 24.32 | 24.32 | 17.98 | 18.85 | 14.91 | 9.09 |
Change in Working Capital | -8.2 | 6.16 | 1.62 | -11.2 | 12 | -26.39 |