Pangaea Logistics Solutions, Ltd. (PANL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 4.99M | 15.13M | 28.56M | 14.39M | -4.36M | 19.28M | 28.45M | 8.96M | 9M | 23.9M | 16.3M | 2.01M | 11.57M | 32.93M | 32.64M | 37.16M | 32.06M | 19.07M | 23.14M | 14.59M |
| Operating CF Margin % | 2.93% | 8.23% | 16.93% | 9.19% | -3.55% | 13.1% | 18.58% | 6.81% | 8.59% | 18.13% | 12.02% | 1.7% | 10.18% | 25.74% | 17.7% | 19% | 16.72% | 8.13% | 10.86% | 10.03% |
| Operating CF Growth % | 214.65% | -21.56% | 0.38% | 60.73% | -148.4% | -19.33% | 74.52% | 346.08% | -22.23% | -27.41% | -50.06% | -94.6% | -63.91% | 72.71% | 41.05% | 154.65% | 549.01% | 1287.42% | 48.98% | 6.12% |
| Net Income | 13.29M | 12.28M | 12.21M | -2.9M | -2.2M | 9.05M | 6.06M | 3.68M | 12.67M | 2.18M | 20.19M | 2.77M | 3.4M | 15.81M | 19.76M | 27.49M | 20.17M | 15.15M | 28.7M | 19.58M |
| Depreciation & Amortization | 11.88M | 11.74M | 10.51M | 10.6M | 9.92M | 7.77M | 7.72M | 7.45M | 7.44M | 7.52M | 8.09M | 7.13M | 7.33M | 7.53M | 7.37M | 7.29M | 7.59M | 6.8M | 7.16M | 4.87M |
| Stock-Based Compensation | 0 | 1.42M | 614.42K | 549.18K | 1.53M | 475K | 645.84K | 0 | 1.14M | 694.29K | 270.01K | 267.07K | 856.43K | 309.75K | 319.19K | 310.98K | 827.81K | 367.94K | 369.22K | 418.18K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -9.87M | -5.82M | 747.89K | -4.44M | -5.53M | -1.15M | 6.28M | 128.79K | -5.29M | 6.91M | -3.99M | 1.55M | -184.12K | 592.26K | 6.57M | 2.32M | -2.91M | 19.13M | -7.5M | -10.03M |
| Working Capital Changes | -10.3M | -4.49M | 4.48M | 10.59M | -8.09M | 3.14M | 7.75M | -2.31M | -6.95M | 6.59M | -8.26M | -9.71M | 169.56K | 8.69M | -1.38M | -244.36K | 6.39M | -22.38M | -5.59M | -238.11K |
| Change in Receivables | -6.22M | -10.65M | 3.65M | -1.32M | -6.7M | 1.12M | -3.16M | 186.46K | 5.54M | 3.6M | -10.48M | -10.68M | 3.49M | 4.49M | -2.01M | 443.52K | 12.2M | -14.32M | -10.45M | -1.62M |
| Change in Inventory | -11.87M | 7.75M | 2.45M | -2.55M | -3.18M | -843.94K | 2.15M | -6.74M | -5.6M | 9.79M | 1.1M | -717.93K | 2.37M | 1.55M | 22.17M | -13.61M | -12.06M | -2.27M | -1.7M | -7.56M |
| Change in Payables | 20.77M | -9.96M | 0 | 16.83M | -3.26M | 541.35K | 5.96M | 6.53M | -1.19M | -7.4M | -2.57M | 4.2M | 1.7M | -5.99M | -16.24M | 8.45M | 0 | 0 | 6.26M | 15.08M |
| Cash from Investing | -1.81M | 9.5M | 4.32M | -1.95M | -460.27K | -10.34M | -48.21M | -10.94M | -203.62K | 9.03M | -1.34M | -32.47M | 8.79M | -17M | -1.32M | 8.06M | -18.25M | -37.94M | -51.2M | -103.19M |
| Capital Expenditures | -1.81M | -281.15K | -3.94M | -1.11M | -460.27K | -11.74M | -48.55M | -8.94M | -203.62K | -46.69K | -177.83K | -26.96M | -75.29K | -16.31M | -1.51M | -244.43K | -18.33M | -36.81M | -51.2M | -103.19M |
| CapEx % of Revenue | 1.06% | 0.15% | 2.33% | 0.71% | 0.37% | 7.98% | 31.71% | 6.8% | 0.19% | 0.04% | 0.13% | 22.84% | 0.07% | 12.75% | 0.82% | 0.13% | 9.56% | 15.69% | 24.03% | 70.9% |
| Acquisitions | 0 | 0 | -2.7M | 0 | 0 | 0 | -171.7K | -2M | 0 | -152.27K | -275K | -7.14M | -63.92K | -496.66K | 0 | -100K | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 8.83M | 10.96M | -842.31K | 0 | 1.4M | 510K | 0 | 0 | 9.23M | -885.9K | 1.63M | 8.93M | -187.64K | 187.64K | 8.4M | 81.5K | -1.14M | 0 | 0 |
| Cash from Financing | -16.49M | -15.59M | 2.15M | -17.14M | -18.04M | -15.26M | 34.93M | -15.95M | -11.96M | -21.26M | -11.9M | -14.39M | -19.6M | -5.5M | -15.55M | -12.96M | -102.05K | 25.92M | 36.6M | 87.19M |
| Debt Issued (Net) | -12.6M | -11.12M | -11.37M | -4.85M | -4.84M | 9.36M | 35.64M | -9.08M | -4.21M | -11.37M | -7.42M | -7.4M | -9.83M | 1.25M | -7.21M | -9.63M | 7.81M | 25.26M | 39.19M | 88.69M |
| Equity Issued (Net) | 0 | -1.01M | -984.24K | -1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -287.63K | -20.82K | 0 | 0 |
| Dividends Paid | -3.89M | -3.18M | -3.19M | -3.21M | -6.73M | -4.77M | -4.54M | -4.54M | -4.87M | -4.49M | -4.49M | -4.49M | -4.65M | -4.45M | -3.34M | -3.34M | -2.29M | -1.54M | -1.54M | -1.54M |
| Share Repurchases | 0 | -1.01M | -984.24K | -1.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -287.63K | -20.82K | 0 | 0 |
| Other Financing | 1K | -291.32K | 17.7M | -8.08M | -6.47M | -19.85M | 3.83M | -2.33M | -2.87M | -5.4M | 0 | -2.5M | -5.13M | -2.31M | -5M | 0 | -5.33M | 2.23M | -1.04M | 37.02K |
| Net Change in Cash | -40.51M | 9.03M | 35.04M | -4.7M | -22.86M | -6.31M | 15.17M | -7.93M | -3.16M | 11.68M | 3.06M | -44.85M | 765.07K | 10.44M | 15.77M | 32.25M | 13.71M | 7.04M | 8.55M | -1.4M |
| Free Cash Flow | 3.18M | 14.84M | 24.62M | 13.29M | -4.82M | 7.54M | -20.1M | 20.86K | 8.8M | 23.86M | 16.13M | -24.96M | 11.5M | 16.62M | 31.14M | 36.92M | 13.73M | -17.74M | -28.05M | -88.59M |
| FCF Margin % | 1.87% | 8.07% | 14.6% | 8.48% | -3.92% | 5.12% | -13.13% | 0.02% | 8.4% | 18.09% | 11.89% | -21.14% | 10.11% | 12.99% | 16.88% | 18.88% | 7.16% | -7.56% | -13.17% | -60.87% |
| FCF Growth % | 166.09% | 96.82% | 222.51% | 63592.53% | -154.76% | -68.39% | -224.64% | 100.08% | -23.49% | 43.55% | -48.21% | -167.6% | -16.29% | 193.7% | 210.99% | 141.67% | 2705.77% | -631.11% | -285.51% | -815.89% |
| FCF per Share | 0.05 | 0.23 | 0.38 | 0.21 | -0.09 | 0.16 | -0.44 | 0.00 | 0.19 | 0.53 | 0.36 | -0.55 | 0.25 | 0.37 | 0.70 | 0.82 | 0.30 | -0.40 | -0.62 | -1.98 |
| FCF Conversion (FCF/Net Income) | 0.38x | 1.27x | 2.34x | -5.25x | 2.20x | 2.29x | 5.57x | 2.43x | 0.77x | 21.04x | 0.86x | 0.71x | 3.33x | 2.12x | 1.74x | 1.48x | 1.59x | 1.26x | 0.86x | 0.76x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.09M | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |