PANGAEA LOGISTICS SOLUTIONS LTD.: 10-K filed 2019-03-20

Name: PANGAEA LOGISTICS SOLUTIONS LTD.: 10-K filed 2019-03-20
Creator: PANGAEA LOGISTICS SOLUTIONS LTD.

What PANGAEA LOGISTICS SOLUTIONS LTD. reported in its annual report filed 2019-03-20 (fiscal FY 2018): 43 published measures, 88 facts as tagged in accession 0001606909-19-000010.

This filing

Form: 10-K (annual report)
Filed: 2019-03-20
Fiscal period: fiscal FY 2018
Accession: 0001606909-19-000010 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All PANGAEA LOGISTICS SOLUTIONS LTD. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2018-12-31	453,474,622	USD
At 2017-12-31	423,297,088	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2018-12-31	161,688,051	USD
At 2017-12-31	145,351,322	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2018-12-31	53,614,735	USD
At 2017-12-31	34,531,812	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	17,757,020	USD	365
2017-01-01 to 2017-12-31	7,812,794	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	40,134,949	USD	365
2017-01-01 to 2017-12-31	29,223,231	USD	365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	372,970,373	USD	365
2017-01-01 to 2017-12-31	385,945,564	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-5,042,485	USD	365
2017-01-01 to 2017-12-31	45,439,368	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-17,509,541	USD	365
2017-01-01 to 2017-12-31	-64,553,736	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2018-12-31	5,737,199	USD
At 2017-12-31	-9,596,785	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	42,248,776	shares	365
2017-01-01 to 2017-12-31	38,414,383	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	42,783,586	shares	365
2017-01-01 to 2017-12-31	38,925,745	shares	365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	0.42	USD/shares	365
2017-01-01 to 2017-12-31	0.2	USD/shares	365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	0.42	USD/shares	365
2017-01-01 to 2017-12-31	0.2	USD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	356,000	USD	365
2017-01-01 to 2017-12-31	428,000	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2018-12-31	281,891,685	USD
At 2017-12-31	306,292,655	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	1,200,214	USD	365
2017-01-01 to 2017-12-31	1,074,038	USD	365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	36,070,738	USD	365
2017-01-01 to 2017-12-31	16,026,112	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2018-12-31	113,506,160	USD
At 2017-12-31	83,010,221	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	8,694,481	USD	365
2017-01-01 to 2017-12-31	7,954,126	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2018-12-31	79,048,628	USD
At 2017-12-31	70,010,153	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2018-12-31	19,892,511	USD
At 2017-12-31	15,686,235	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2018-12-31	28,481,787	USD
At 2017-12-31	21,089,425	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	336,899,635	USD	365
2017-01-01 to 2017-12-31	369,919,452	USD	365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2018-12-31	19,222,087	USD
At 2017-12-31	15,356,712	USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2018-12-31	43,998,560	shares
At 2017-12-31	43,794,526	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2018-12-31	56,114,735	USD
At 2017-12-31	38,531,812	USD
At 2016-12-31	28,422,949	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2018-12-31	155,946,452	USD
At 2017-12-31	154,943,728	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2018-12-31	233,366,997	USD
At 2017-12-31	210,655,642	USD
At 2016-12-31	176,677,072	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2018-12-31	115,502,012	USD
At 2017-12-31	136,594,969	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2018-12-31	4,955,735	USD
At 2017-12-31	4,463,225	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2018-12-31	1,866,524	USD
At 2017-12-31	1,381,847	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2018-12-31	7,424,286	USD
At 2017-12-31	11,923,445	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2018-12-31	12,187,551	USD
At 2017-12-31	12,032,272	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2018-12-31	14,717,072	USD
At 2017-12-31	5,815,924	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	23,981,646	USD	365
2017-01-01 to 2017-12-31	9,100,655	USD	365

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	16,483,991	USD	365
2017-01-01 to 2017-12-31	15,163,352	USD	365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	17,620,725	USD	365
2017-01-01 to 2017-12-31	15,614,571	USD	365

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	677,085	USD	365
2017-01-01 to 2017-12-31	984,603	USD	365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-12,089,092	USD	365
2017-01-01 to 2017-12-31	-6,925,457	USD	365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	8,636,458	USD	365
2017-01-01 to 2017-12-31	6,978,754	USD	365

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	-50,812	USD	365
2017-01-01 to 2017-12-31	9,631,530	USD	365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	7,661,352	USD	365
2017-01-01 to 2017-12-31	5,642,755	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-01-01 to 2018-12-31	3,865,375	USD	365
2017-01-01 to 2017-12-31	2,153,775	USD	365

Inspect the source

Entity: PANGAEA LOGISTICS SOLUTIONS LTD. / CIK 0001606909
Captured: 2026-09-20T09:26:17.274Z
SEC response SHA-256: e653912afaa2d95d2877d6b8acafc9acaf617dd5fe103d80d0c4808601c34745

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
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with urlopen("https://canlicapital.com/company-data/0001606909.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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