Pangaea Logistics Solutions, Ltd.
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Pangaea Logistics Solutions, Ltd. generated cash of $53,787,277, which is less than the previous year. Cash used in financing activities reached the amount of -$67,151,692 last year. Net change in cash is therefore -$29,346,740.
Cash Flow
| 2014 | 24.59M | -39.17M | 25.47M |
|---|---|---|---|
| 2015 | 26.00M | -64.04M | 45.74M |
| 2016 | 19.21M | -10.25M | -24.15M |
| 2017 | 29.22M | -64.55M | 45.43M |
| 2018 | 40.13M | -17.50M | -5.04M |
| 2019 | 44.45M | -46.60M | -916.13K |
| 2020 | 20.83M | -6.88M | -18.60M |
| 2021 | 61.74M | -197.79M | 143.85M |
| 2022 | 134.80M | -28.50M | -34.11M |
| 2023 | 53.78M | -15.98M | -67.15M |
PANL Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 128.38M | 56.20M | 48.39M | 53.05M | 56.11M | 38.53M | 22.32M | 37.52M | 29.81M | 18.92M |
Operating activities | ||||||||||
Net income | 26.32M | 85.50M | 72.37M | 12.69M | 17.04M | 23.98M | 9.10M | 9.15M | 13.36M | -13.64M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 30.07M | 29.48M | 22.97M | 17.05M | 18.52M | 17.62M | 15.61M | 14.10M | 12.73M | 11.66M |
Stock-based compensation expense | 2.08M | 1.76M | 2.10M | 2.31M | 1.73M | 1.20M | 1.07M | 601.92K | 457.06B | 1.81K |
| Deferred income tax benefit | 2.08M | 1.76M | 2.10M | 2.31M | 1.73M | 1.20M | 1.07M | 601.92K | 457.06B | 1.81K |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -14.07M | 15.12M | -26.66M | -995.16K | -725.97K | -7.66M | -5.64M | -1.78M | 6.76M | 14.56M |
Inventories | 12.54M | -1.95M | -11.18M | 5.03M | -2.42M | -3.86M | -2.15M | -5.71M | 8.11M | 5.47M |
Accounts payable | -4.07M | -8.93M | 16.98M | -10.88M | 10.30M | -392.16K | 6.97M | 3.69M | -17.84M | -6.41M |
Cash generated by operating activities | 53.78M | 134.80M | 61.74M | 20.83M | 44.45M | 40.13M | 29.22M | 19.21M | 26.00M | 24.59M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -515.16B | 0 | -628K | 0 | 0 | 0 | -9.61M | -27.20M | 0 |
Investments In Property Plant And Equipment | -27.26M | -36.39M | -196.65M | -2.92M | -56.99M | -17.54M | -64.02M | -10.25M | -72.06M | -57.57M |
Acquisitions Net | 7.14M | -515.16K | -1.13M | -15M | 15.59M | 31.59K | -830.90K | 1.6M | -250K | 0 |
Cash generated by investing activities | -15.98M | -28.50M | -197.79M | -6.88M | -46.60M | -17.50M | -64.55M | -10.25M | -64.04M | -39.17M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 150.01K | 238.36K | 179.27K | -50.81B | 9.63M | 0 | 0 | 0 |
Payments for dividends | -18.10M | -13.41M | -5.53M | -535.15K | -8.09M | -2.27M | -1.00M | -100K | -100K | -100K |
Repurchases of common stock | -127.28K | -407.89K | -150.01K | -238.36K | -179.27K | -50.81K | 0 | 0 | 0 | 0 |
Repayments of term debt | -36.02M | -7.77M | -71.87M | -35.53M | 9.77M | -28.69M | 8.47M | -26.22M | 47.58M | -30.27M |
Cash used in financing activities | -67.15M | -34.11M | 143.85M | -18.60M | -916.13K | -5.04M | 45.43M | -24.15M | 45.74M | 25.47M |
Net Change In Cash | -29.34M | 72.17M | 7.81M | -4.65M | -3.05M | 17.58M | 12.20M | -15.19M | 7.70M | 10.88M |
Cash at end of period | 99.03M | 128.38M | 56.20M | 48.39M | 53.05M | 56.11M | 34.53M | 22.32M | 37.52M | 29.81M |
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