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PANGAEA LOGISTICS SOLUTIONS LTD.: 10-K filed 2024-03-14

What PANGAEA LOGISTICS SOLUTIONS LTD. reported in its annual report filed 2024-03-14 (fiscal FY 2023): 42 published measures, 183 facts as tagged in accession 0001606909-24-000043.

This filing

Form
10-K (annual report)
Filed
2024-03-14
Fiscal period
fiscal FY 2023
Accession
0001606909-24-000043 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 2023-12-31705,179,968USD
At 2022-12-31748,241,470USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-12-31323,885,993USD
At 2022-12-31314,226,062USD

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 2023-12-3199,037,866USD
At 2022-12-31128,384,606USD

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
2023-10-01 to 2023-12-311,100,000USD92
2023-01-01 to 2023-12-3126,323,300USD365
2023-07-01 to 2023-09-3018,900,000USD92
2023-04-01 to 2023-06-302,800,000USD91
2023-01-01 to 2023-03-313,500,000USD90
2022-10-01 to 2022-12-3115,500,000USD92
2022-01-01 to 2022-12-3179,491,413USD365
2022-07-01 to 2022-09-3018,700,000USD92
2022-04-01 to 2022-06-3025,200,000USD91
2022-01-01 to 2022-03-3120,000,000USD90

Operating cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-3153,787,277USD365
2022-01-01 to 2022-12-31134,801,400USD365

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
2023-10-01 to 2023-12-31131,900,000USD92
2023-01-01 to 2023-12-31499,267,834USD365
2023-07-01 to 2023-09-30135,600,000USD92
2023-04-01 to 2023-06-30118,100,000USD91
2023-01-01 to 2023-03-31113,700,000USD90
2022-10-01 to 2022-12-31127,900,000USD92
2022-01-01 to 2022-12-31699,706,906USD365
2022-07-01 to 2022-09-30184,500,000USD92
2022-04-01 to 2022-06-30195,600,000USD91
2022-01-01 to 2022-03-31191,700,000USD90

Financing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31-67,151,692USD365
2022-01-01 to 2022-12-31-34,116,600USD365

Investing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31-15,982,325USD365
2022-01-01 to 2022-12-31-28,509,096USD365

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-12-31159,026,799USD
At 2022-12-31151,327,392USD

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
2023-10-01 to 2023-12-3144,815,282shares92
2023-01-01 to 2023-12-3144,773,899shares365
2023-07-01 to 2023-09-3044,775,438shares92
2023-04-01 to 2023-06-3044,775,438shares91
2023-01-01 to 2023-03-3144,712,290shares90
2022-10-01 to 2022-12-3144,435,664shares92
2022-01-01 to 2022-12-3144,398,987shares365
2022-07-01 to 2022-09-3044,415,575shares92
2022-04-01 to 2022-06-3044,430,487shares91
2022-01-01 to 2022-03-3144,388,960shares90

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
2023-10-01 to 2023-12-3145,392,225shares92
2023-01-01 to 2023-12-3145,475,453shares365
2023-07-01 to 2023-09-3045,081,668shares92
2023-04-01 to 2023-06-3045,127,972shares91
2023-01-01 to 2023-03-3145,116,719shares90
2022-10-01 to 2022-12-3144,985,969shares92
2022-01-01 to 2022-12-3145,059,587shares365
2022-07-01 to 2022-09-3044,640,278shares92
2022-04-01 to 2022-06-3045,070,533shares91
2022-01-01 to 2022-03-3145,192,983shares90

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
2023-10-01 to 2023-12-310.03USD/shares92
2023-01-01 to 2023-12-310.59USD/shares365
2023-07-01 to 2023-09-300.42USD/shares92
2023-04-01 to 2023-06-300.06USD/shares91
2023-01-01 to 2023-03-310.08USD/shares90
2022-10-01 to 2022-12-310.35USD/shares92
2022-01-01 to 2022-12-311.79USD/shares365
2022-07-01 to 2022-09-300.42USD/shares92
2022-04-01 to 2022-06-300.56USD/shares91
2022-01-01 to 2022-03-310.45USD/shares90

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
2023-10-01 to 2023-12-310.03USD/shares92
2023-01-01 to 2023-12-310.58USD/shares365
2023-07-01 to 2023-09-300.42USD/shares92
2023-04-01 to 2023-06-300.06USD/shares91
2023-01-01 to 2023-03-310.08USD/shares90
2022-10-01 to 2022-12-310.34USD/shares92
2022-01-01 to 2022-12-311.76USD/shares365
2022-07-01 to 2022-09-300.42USD/shares92
2022-04-01 to 2022-06-300.56USD/shares91
2022-01-01 to 2022-03-310.45USD/shares90

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
2023-01-01 to 2023-12-31417,000USD365
2022-01-01 to 2022-12-31443,000USD365

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 2023-12-31474,265,171USD
At 2022-12-31476,524,752USD

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
2023-01-01 to 2023-12-312,087,807USD365
2022-01-01 to 2022-12-311,767,726USD365

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
2023-10-01 to 2023-12-3110,600,000USD92
2023-01-01 to 2023-12-3144,617,197USD365
2023-07-01 to 2023-09-3019,700,000USD92
2023-04-01 to 2023-06-307,900,000USD91
2023-01-01 to 2023-03-316,500,000USD90
2022-10-01 to 2022-12-3118,700,000USD92
2022-01-01 to 2022-12-31105,507,817USD365
2022-07-01 to 2022-09-3030,400,000USD92
2022-04-01 to 2022-06-3036,400,000USD91
2022-01-01 to 2022-03-3119,900,000USD90

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 2023-12-31191,825,879USD
At 2022-12-31222,511,022USD

Current liabilities

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

PeriodValueUnitDays
At 2023-12-31105,334,319USD
At 2022-12-3192,211,872USD

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 2023-12-316,277,693USD
At 2022-12-319,979,451USD

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.

PeriodValueUnitDays
At 2023-12-313,104,800USD
At 2022-12-310USD

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 2023-12-3147,891,501USD
At 2022-12-3136,755,149USD

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
2023-10-01 to 2023-12-31121,300,000USD92
2023-01-01 to 2023-12-31454,650,637USD365
2023-07-01 to 2023-09-30115,900,000USD92
2023-04-01 to 2023-06-30110,200,000USD91
2023-01-01 to 2023-03-31107,200,000USD90
2022-10-01 to 2022-12-31109,200,000USD92
2022-01-01 to 2022-12-31594,199,089USD365
2022-07-01 to 2022-09-30154,100,000USD92
2022-04-01 to 2022-06-30159,200,000USD91
2022-01-01 to 2022-03-31171,800,000USD90

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 2023-12-3116,556,266USD
At 2022-12-3129,104,436USD

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 2023-12-3146,466,622shares
At 2022-12-3145,898,395shares

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 2023-12-3199,037,866USD
At 2022-12-31128,384,606USD
At 2021-12-3156,208,902USD

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 2023-12-31164,854,546USD
At 2022-12-31162,894,080USD

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 2023-12-31370,195,933USD
At 2022-12-31368,721,530USD
At 2021-12-31300,681,394USD

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 2023-12-31127,015,253USD
At 2022-12-31108,844,668USD

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 2023-12-315,590,295USD
At 2022-12-315,284,127USD

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 2023-12-3117,936,540USD
At 2022-12-3119,974,390USD
At 2021-12-3117,806,976USD

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 2023-12-3114,038,418USD
At 2022-12-3111,795,973USD

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 2023-12-3128,340,246USD
At 2022-12-3128,266,831USD

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 2023-12-3115,629,886USD
At 2022-12-3120,883,958USD

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
2023-10-01 to 2023-12-312,200,000USD92
2023-01-01 to 2023-12-3128,537,772USD365
2023-07-01 to 2023-09-3020,200,000USD92
2023-04-01 to 2023-06-302,800,000USD91
2023-01-01 to 2023-03-313,400,000USD90
2022-10-01 to 2022-12-3115,800,000USD92
2022-01-01 to 2022-12-3185,507,704USD365
2022-07-01 to 2022-09-3019,600,000USD92
2022-04-01 to 2022-06-3027,700,000USD91
2022-01-01 to 2022-03-3122,300,000USD90

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
2023-10-01 to 2023-12-315,700,000USD92
2023-01-01 to 2023-12-3122,780,937USD365
2023-07-01 to 2023-09-305,500,000USD92
2023-04-01 to 2023-06-305,900,000USD91
2023-01-01 to 2023-03-315,700,000USD90
2022-10-01 to 2022-12-313,900,000USD92
2022-01-01 to 2022-12-3120,103,346USD365
2022-07-01 to 2022-09-305,800,000USD92
2022-04-01 to 2022-06-305,100,000USD91
2022-01-01 to 2022-03-315,300,000USD90

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
2023-01-01 to 2023-12-3130,070,395USD365
2022-01-01 to 2022-12-3129,489,810USD365

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
2023-10-01 to 2023-12-31300,000USD92
2023-01-01 to 2023-12-31761,485USD365
2023-07-01 to 2023-09-30-200,000USD92
2023-04-01 to 2023-06-30200,000USD91
2023-01-01 to 2023-03-31400,000USD90
2022-10-01 to 2022-12-31300,000USD92
2022-01-01 to 2022-12-31807,142USD365
2022-07-01 to 2022-09-30300,000USD92
2022-04-01 to 2022-06-30100,000USD91
2022-01-01 to 2022-03-31100,000USD90

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
2023-10-01 to 2023-12-31-8,400,000USD92
2023-01-01 to 2023-12-31-16,079,425USD365
2023-07-01 to 2023-09-30500,000USD92
2023-04-01 to 2023-06-30-5,100,000USD91
2023-01-01 to 2023-03-31-3,100,000USD90
2022-10-01 to 2022-12-31-2,900,000USD92
2022-01-01 to 2022-12-31-20,000,113USD365
2022-07-01 to 2022-09-30-10,700,000USD92
2022-04-01 to 2022-06-30-8,700,000USD91
2022-01-01 to 2022-03-312,400,000USD90

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
2023-01-01 to 2023-12-3118,850,078USD365
2022-01-01 to 2022-12-3114,906,972USD365

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
2023-01-01 to 2023-12-3114,075,231USD365
2022-01-01 to 2022-12-31-15,126,727USD365

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
2023-01-01 to 2023-12-31-12,548,170USD365
2022-01-01 to 2022-12-311,956,676USD365

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.

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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"])))