For the year ending 2025-12-31, PANL had $16,519K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 20,167 |
| Depreciation and amortization expense | 42,475 |
| Amortization of deferred financing costs | 1,152 |
| Amortization of prepaid rent | 118 |
| Unrealized loss on derivative instruments | -1,355 |
| Income from equity method investee | 2,952 |
| Earnings attributable to non-controlling interest recorded as interest expense | 0 |
| Provision for doubtful accounts | 1,540 |
| Gain on sales of vessels | 3,000 |
| Drydocking costs | 17,395 |
| Share-based compensation | 4,111 |
| Accounts receivable | 15,024 |
| Inventories | -4,459 |
| Advance hire, prepaid expenses and other current assets | 194 |
| Accounts payable, accrued expenses, other current liabilities and related party payable | 7,471 |
| Deferred revenue | 9,444 |
| Net cash provided by operating activities | 53,726 |
| Purchase of vessels and vessel improvements | 2,188 |
| Net proceeds from sale of vessels | 17,196 |
| Acquisition of non-controlling interest | 2,700 |
| Purchase of equipment and internal use software | 4,299 |
| Contribution payments to acquire non-controlling interest | 733 |
| Dividends received from equity method investments | 4,135 |
| Net cash provided by (used in) investing activities | 11,411 |
| Proceeds from long-term debt | 705 |
| Payments of financing and issuance costs | 45 |
| Payments of long-term debt | 16,590 |
| Proceeds from financing obligations | 18,000 |
| Payments on financing obligations | 26,052 |
| Repayments of other long-term debt | 2,844 |
| Dividends paid to non-controlling interests | 2,490 |
| Common stock accrued dividends paid | 16,303 |
| Payment, tax withholding, share-based payment arrangement | 2,999 |
| Payments to non-controlling interest recorded as long-term liability | 0 |
| Net cash used in financing activities | -48,619 |
| Net increase (decrease) in cash and cash equivalents | 16,519 |
| Cash and cash equivalents at beginning of period | 86,805 |
| Cash, cash equivalents and restricted cash at end of period | 103,324 |
Pangaea Logistics Solutions Ltd. (PANL)
Pangaea Logistics Solutions Ltd. (PANL)