PANGAEA LOGISTICS SOLUTIONS LTD.: 10-Q filed 2023-11-08

Name: PANGAEA LOGISTICS SOLUTIONS LTD.: 10-Q filed 2023-11-08
Creator: PANGAEA LOGISTICS SOLUTIONS LTD.

What PANGAEA LOGISTICS SOLUTIONS LTD. reported in its quarterly report filed 2023-11-08 (fiscal Q3 2023): 39 published measures, 109 facts as tagged in accession 0001606909-23-000131.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-11-08
Fiscal period: fiscal Q3 2023
Accession: 0001606909-23-000131 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 2023-09-30	728,593,910	USD
At 2022-12-31	748,241,470	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2023-09-30	326,709,553	USD
At 2022-12-31	314,226,062	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 2023-09-30	87,358,220	USD
At 2022-12-31	128,384,606	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
2023-07-01 to 2023-09-30	18,868,291	USD	92
2023-01-01 to 2023-09-30	25,187,098	USD	273
2022-07-01 to 2022-09-30	18,788,414	USD	92
2022-01-01 to 2022-09-30	63,988,812	USD	273

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
2023-01-01 to 2023-09-30	29,882,569	USD	273
2022-01-01 to 2022-09-30	101,868,254	USD	273

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
2023-07-01 to 2023-09-30	135,616,188	USD	92
2023-01-01 to 2023-09-30	367,390,917	USD	273
2022-07-01 to 2022-09-30	184,477,137	USD	92
2022-01-01 to 2022-09-30	571,783,496	USD	273

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
2023-01-01 to 2023-09-30	-45,891,904	USD	273
2022-01-01 to 2022-09-30	-28,616,698	USD	273

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
2023-01-01 to 2023-09-30	-25,017,051	USD	273
2022-01-01 to 2022-09-30	-11,511,844	USD	273

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 2023-09-30	162,544,652	USD
At 2022-12-31	151,327,392	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
2023-07-01 to 2023-09-30	44,775,438	shares	92
2023-01-01 to 2023-09-30	44,754,620	shares	273
2022-07-01 to 2022-09-30	44,415,575	shares	92
2022-01-01 to 2022-09-30	44,386,628	shares	273

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
2023-07-01 to 2023-09-30	45,081,668	shares	92
2023-01-01 to 2023-09-30	45,108,039	shares	273
2022-07-01 to 2022-09-30	44,640,278	shares	92
2022-01-01 to 2022-09-30	44,624,228	shares	273

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
2023-07-01 to 2023-09-30	0.42	USD/shares	92
2023-01-01 to 2023-09-30	0.56	USD/shares	273
2022-07-01 to 2022-09-30	0.42	USD/shares	92
2022-01-01 to 2022-09-30	1.44	USD/shares	273

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
2023-07-01 to 2023-09-30	0.42	USD/shares	92
2023-01-01 to 2023-09-30	0.56	USD/shares	273
2022-07-01 to 2022-09-30	0.42	USD/shares	92
2022-01-01 to 2022-09-30	1.43	USD/shares	273

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 2023-09-30	479,980,216	USD
At 2022-12-31	476,524,752	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
2023-01-01 to 2023-09-30	1,393,514	USD	273
2022-01-01 to 2022-09-30	1,457,972	USD	273

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
2023-07-01 to 2023-09-30	19,711,209	USD	92
2023-01-01 to 2023-09-30	34,061,981	USD	273
2022-07-01 to 2022-09-30	30,506,267	USD	92
2022-01-01 to 2022-09-30	86,772,711	USD	273

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 2023-09-30	198,484,437	USD
At 2022-12-31	222,511,022	USD

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 2023-09-30	115,285,974	USD
At 2022-12-31	92,211,872	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2023-09-30	3,104,800	USD
At 2022-12-31	0	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 2023-09-30	53,498,562	USD
At 2022-12-31	36,755,149	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
2023-07-01 to 2023-09-30	115,904,979	USD	92
2023-01-01 to 2023-09-30	333,328,936	USD	273
2022-07-01 to 2022-09-30	153,970,870	USD	92
2022-01-01 to 2022-09-30	485,010,785	USD	273

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 2023-09-30	26,347,230	USD
At 2022-12-31	29,104,436	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 2023-09-30	46,466,622	shares
At 2022-12-31	45,898,395	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 2023-09-30	87,358,220	USD
At 2022-12-31	128,384,606	USD
At 2022-09-30	117,948,614	USD
At 2021-12-31	56,208,902	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 2023-09-30	164,160,253	USD
At 2022-12-31	162,894,080	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 2023-09-30	377,377,795	USD
At 2023-06-30	361,571,731	USD
At 2022-12-31	368,721,530	USD
At 2022-09-30	357,597,381	USD
At 2022-06-30	340,853,878	USD
At 2021-12-31	300,681,394	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 2023-09-30	102,459,258	USD
At 2022-12-31	114,602,269	USD

Other noncurrent assets

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

Period	Value	Unit	Days
At 2023-09-30	6,073,002	USD
At 2022-12-31	5,284,127	USD

Other noncurrent liabilities

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

Period	Value	Unit
At 2023-09-30	18,502,188	USD
At 2022-12-31	19,974,390	USD
At 2021-12-31	17,806,976	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 2023-09-30	31,280,425	USD
At 2022-12-31	28,266,831	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 2023-09-30	13,797,326	USD
At 2022-12-31	20,883,958	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
2023-07-01 to 2023-09-30	20,190,102	USD	92
2023-01-01 to 2023-09-30	26,359,872	USD	273
2022-07-01 to 2022-09-30	19,761,025	USD	92
2022-01-01 to 2022-09-30	69,695,660	USD	273

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
2023-07-01 to 2023-09-30	5,500,121	USD	92
2023-01-01 to 2023-09-30	17,115,013	USD	273
2022-07-01 to 2022-09-30	5,776,666	USD	92
2022-01-01 to 2022-09-30	16,195,441	USD	273

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
2023-01-01 to 2023-09-30	22,546,350	USD	273
2022-01-01 to 2022-09-30	21,960,413	USD	273

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
2023-07-01 to 2023-09-30	-212,639	USD	92
2023-01-01 to 2023-09-30	422,636	USD	273
2022-07-01 to 2022-09-30	298,679	USD	92
2022-01-01 to 2022-09-30	517,117	USD	273

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
2023-07-01 to 2023-09-30	478,893	USD	92
2023-01-01 to 2023-09-30	-7,702,109	USD	273
2022-07-01 to 2022-09-30	-10,745,242	USD	92
2022-01-01 to 2022-09-30	-17,077,051	USD	273

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.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	247,000	USD	273
2022-01-01 to 2022-09-30	2,481,000	USD	273

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
2023-01-01 to 2023-09-30	17,676,862	USD	273
2022-01-01 to 2022-09-30	-10,633,346	USD	273

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
2023-01-01 to 2023-09-30	-2,757,206	USD	273
2022-01-01 to 2022-09-30	3,504,215	USD	273

Inspect the source

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

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