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PANGAEA LOGISTICS SOLUTIONS LTD.: 10-K filed 2022-03-16

What PANGAEA LOGISTICS SOLUTIONS LTD. reported in its annual report filed 2022-03-16 (fiscal FY 2021): 43 published measures, 183 facts as tagged in accession 0001606909-22-000032.

This filing

Form
10-K (annual report)
Filed
2022-03-16
Fiscal period
fiscal FY 2021
Accession
0001606909-22-000032 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.

PeriodValueUnitDays
At 2021-12-31707,024,006USD
At 2020-12-31450,404,145USD

Stockholders equity

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

PeriodValueUnitDays
At 2021-12-31247,202,217USD
At 2020-12-31182,765,765USD

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.

PeriodValueUnitDays
At 2021-12-3156,208,902USD
At 2020-12-3146,897,216USD

Net income or loss

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

PeriodValueUnitDays
2021-10-01 to 2021-12-3115,200,000USD92
2021-01-01 to 2021-12-3167,226,833USD365
2021-07-01 to 2021-09-3027,000,000USD92
2021-04-01 to 2021-06-3019,200,000USD91
2021-01-01 to 2021-03-315,800,000USD90
2020-10-01 to 2020-12-317,600,000USD92
2020-01-01 to 2020-12-3111,352,180USD366
2020-07-01 to 2020-09-307,600,000USD92
2020-04-01 to 2020-06-303,000,000USD91
2020-01-01 to 2020-03-31-6,800,000USD91

Operating cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-12-3161,745,306USD365
2020-01-01 to 2020-12-3120,835,502USD366

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-31234,600,000USD92
2021-01-01 to 2021-12-31718,104,388USD365
2021-07-01 to 2021-09-30213,000,000USD92
2021-04-01 to 2021-06-30145,500,000USD91
2021-01-01 to 2021-03-31125,000,000USD90
2020-10-01 to 2020-12-31112,900,000USD92
2020-01-01 to 2020-12-31382,895,991USD366
2020-07-01 to 2020-09-30103,800,000USD92
2020-04-01 to 2020-06-3070,400,000USD91
2020-01-01 to 2020-03-3195,900,000USD91

Financing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-12-31143,858,760USD365
2020-01-01 to 2020-12-31-18,605,662USD366

Investing cash flow

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

PeriodValueUnitDays
2021-01-01 to 2021-12-31-197,792,380USD365
2020-01-01 to 2020-12-31-6,887,715USD366

Retained earnings or deficit

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

PeriodValueUnitDays
At 2021-12-3185,663,375USD
At 2020-12-3123,179,805USD

Basic weighted-average shares

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

PeriodValueUnitDays
2021-10-01 to 2021-12-3144,004,980shares92
2021-01-01 to 2021-12-3143,997,311shares365
2021-07-01 to 2021-09-3044,004,980shares92
2021-04-01 to 2021-06-3043,998,424shares91
2021-01-01 to 2021-03-3143,971,352shares90
2020-10-01 to 2020-12-3143,489,698shares92
2020-01-01 to 2020-12-3143,417,879shares366
2020-07-01 to 2020-09-3043,488,241shares92
2020-04-01 to 2020-06-3043,445,789shares91
2020-01-01 to 2020-03-3143,341,005shares91

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-3144,689,309shares92
2021-01-01 to 2021-12-3144,848,997shares365
2021-07-01 to 2021-09-3044,927,456shares92
2021-04-01 to 2021-06-3044,688,602shares91
2021-01-01 to 2021-03-3144,549,286shares90
2020-10-01 to 2020-12-3144,337,242shares92
2020-01-01 to 2020-12-3143,817,348shares366
2020-07-01 to 2020-09-3043,510,961shares92
2020-04-01 to 2020-06-3043,445,789shares91
2020-01-01 to 2020-03-3143,341,005shares91

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-310.34USD/shares92
2021-01-01 to 2021-12-311.53USD/shares365
2021-07-01 to 2021-09-300.61USD/shares92
2021-04-01 to 2021-06-300.44USD/shares91
2021-01-01 to 2021-03-310.13USD/shares90
2020-10-01 to 2020-12-310.17USD/shares92
2020-01-01 to 2020-12-310.26USD/shares366
2020-07-01 to 2020-09-300.17USD/shares92
2020-04-01 to 2020-06-300.07USD/shares91
2020-01-01 to 2020-03-31-0.16USD/shares91

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-310.34USD/shares92
2021-01-01 to 2021-12-311.5USD/shares365
2021-07-01 to 2021-09-300.6USD/shares92
2021-04-01 to 2021-06-300.43USD/shares91
2021-01-01 to 2021-03-310.13USD/shares90
2020-10-01 to 2020-12-310.17USD/shares92
2020-01-01 to 2020-12-310.26USD/shares366
2020-07-01 to 2020-09-300.17USD/shares92
2020-04-01 to 2020-06-300.07USD/shares91
2020-01-01 to 2020-03-31-0.16USD/shares91

Income tax expense or benefit

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

PeriodValueUnitDays
2021-01-01 to 2021-12-31605,000USD365
2020-01-01 to 2020-12-31578,000USD366

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.

PeriodValueUnitDays
At 2021-12-31471,912,810USD
At 2020-12-31276,741,751USD

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.

PeriodValueUnitDays
2021-01-01 to 2021-12-312,102,897USD365
2020-01-01 to 2020-12-312,314,940USD366

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-3130,800,000USD92
2021-01-01 to 2021-12-3178,872,205USD365
2021-07-01 to 2021-09-3025,500,000USD92
2021-04-01 to 2021-06-3016,100,000USD91
2021-01-01 to 2021-03-316,400,000USD90
2020-10-01 to 2020-12-318,300,000USD92
2020-01-01 to 2020-12-3119,697,098USD366
2020-07-01 to 2020-09-3010,000,000USD92
2020-04-01 to 2020-06-303,800,000USD91
2020-01-01 to 2020-03-31-2,300,000USD91

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.

PeriodValueUnitDays
At 2021-12-31183,963,614USD
At 2020-12-31111,341,769USD

Current liabilities

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

PeriodValueUnitDays
At 2021-12-31111,739,286USD
At 2020-12-31110,809,330USD

Current accounts payable

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

PeriodValueUnitDays
At 2021-12-3121,090,717USD
At 2020-12-3118,678,099USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2021-12-3154,259,265USD
At 2020-12-3129,152,153USD

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-31203,800,000USD92
2021-01-01 to 2021-12-31639,232,183USD365
2021-07-01 to 2021-09-30187,500,000USD92
2021-04-01 to 2021-06-30129,400,000USD91
2021-01-01 to 2021-03-31118,600,000USD90
2020-10-01 to 2020-12-31104,600,000USD92
2020-01-01 to 2020-12-31363,198,893USD366
2020-07-01 to 2020-09-3093,800,000USD92
2020-04-01 to 2020-06-3066,600,000USD91
2020-01-01 to 2020-03-3198,200,000USD91

Net inventory

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

PeriodValueUnitDays
At 2021-12-3127,147,760USD
At 2020-12-3115,966,247USD

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.

PeriodValueUnitDays
At 2021-12-3145,617,840shares
At 2020-12-3145,447,751shares

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.

PeriodValueUnitDays
At 2021-12-3156,208,902USD
At 2020-12-3148,397,216USD
At 2019-12-3153,055,091USD

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.

PeriodValueUnitDays
At 2021-12-31161,534,280USD
At 2020-12-31159,581,415USD

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.

PeriodValueUnitDays
At 2021-12-31300,681,394USD
At 2020-12-31234,431,405USD
At 2019-12-31243,071,674USD

Gross property, plant and equipment

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

PeriodValueUnitDays
At 2021-12-311,990,000USD
At 2020-12-310USD

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.

PeriodValueUnitDays
At 2021-12-312,315,932USD
At 2020-12-312,159,207USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-12-313,961,823USD
At 2020-12-311,689,792USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-12-3117,806,976USD
At 2020-12-3110,135,408USD

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.

PeriodValueUnitDays
At 2021-12-3116,254,253USD
At 2020-12-316,686,602USD

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.

PeriodValueUnitDays
At 2021-12-3146,347,687USD
At 2020-12-3117,826,153USD

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.

PeriodValueUnitDays
At 2021-12-3132,205,312USD
At 2020-12-3112,799,561USD

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-3117,600,000USD92
2021-01-01 to 2021-12-3172,373,704USD365
2021-07-01 to 2021-09-3028,700,000USD92
2021-04-01 to 2021-06-3019,500,000USD91
2021-01-01 to 2021-03-316,500,000USD90
2020-10-01 to 2020-12-317,900,000USD92
2020-01-01 to 2020-12-3112,692,110USD366
2020-07-01 to 2020-09-308,300,000USD92
2020-04-01 to 2020-06-303,300,000USD91
2020-01-01 to 2020-03-31-6,800,000USD91

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-314,300,000USD92
2021-01-01 to 2021-12-3118,966,488USD365
2021-07-01 to 2021-09-304,400,000USD92
2021-04-01 to 2021-06-306,000,000USD91
2021-01-01 to 2021-03-314,200,000USD90
2020-10-01 to 2020-12-314,400,000USD92
2020-01-01 to 2020-12-3115,915,035USD366
2020-07-01 to 2020-09-303,700,000USD92
2020-04-01 to 2020-06-303,900,000USD91
2020-01-01 to 2020-03-314,000,000USD91

Depreciation, depletion and amortization

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

PeriodValueUnitDays
2021-01-01 to 2021-12-3122,974,249USD365
2020-01-01 to 2020-12-3117,055,271USD366

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-31300,000USD92
2021-01-01 to 2021-12-311,129,436USD365
2021-07-01 to 2021-09-30600,000USD92
2021-04-01 to 2021-06-30-100,000USD91
2021-01-01 to 2021-03-31300,000USD90
2020-10-01 to 2020-12-310USD92
2020-01-01 to 2020-12-31982,345USD366
2020-07-01 to 2020-09-30300,000USD92
2020-04-01 to 2020-06-30100,000USD91
2020-01-01 to 2020-03-31600,000USD91

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.

PeriodValueUnitDays
2021-10-01 to 2021-12-31-13,200,000USD92
2021-01-01 to 2021-12-31-6,498,501USD365
2021-07-01 to 2021-09-303,200,000USD92
2021-04-01 to 2021-06-303,400,000USD91
2021-01-01 to 2021-03-31100,000USD90
2020-10-01 to 2020-12-31-400,000USD92
2020-01-01 to 2020-12-31-7,004,988USD366
2020-07-01 to 2020-09-30-1,700,000USD92
2020-04-01 to 2020-06-30-600,000USD91
2020-01-01 to 2020-03-31-4,500,000USD91

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.

PeriodValueUnitDays
2021-01-01 to 2021-12-319,088,684USD365
2020-01-01 to 2020-12-317,149,210USD366

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2021-01-01 to 2021-12-312,404,000USD365

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.

PeriodValueUnitDays
2021-01-01 to 2021-12-3126,666,490USD365
2020-01-01 to 2020-12-31995,167USD366

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.

PeriodValueUnitDays
2021-01-01 to 2021-12-3111,181,513USD365
2020-01-01 to 2020-12-31-5,034,763USD366

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001606909.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))