Financial Statements

Pangaea Logistics Solutions, Ltd. (PANL)

$8.25

-0.09 (-1.08%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands , Years are calendar years not fiscal years

Retained Earning Schedule

Year 2022 2021 2020 2019 2018
Retained Earnings (Previous Year) 8623136-
Net Income 79673218
Stock Dividends -01813-10
Dividend Paid -13-6-1-8-2
Retained Earnings 1518623136

PPE Schedule

Year 2022 2021 2020 2019 2018
Gross PPE 519322335337-
Annual Depreciation 38394-1055355
Capital Expenditure -36-197-3-57-18
Net PPE 520519322335337

Intangible and Goodwill Schedule

Year 2022 2021 2020 2019 2018
Intangible and Goodwill (Previous Year) -----
New Purchases ---1--515,162
Intangible and Goodwill -----

Pangaea Logistics Solutions, Ltd. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Pangaea Logistics Solutions, Ltd. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.