Pangaea Logistics Solutions Ltd. (PANL) financial statements (2021 and earlier)

Company profile

Business Address 375 PHILLIPS BOULEVARD
EWING, NJ 08618
State of Incorp. PA
Fiscal Year End December 31
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 597553527515494
Cash and cash equivalents 236324225211102
Short-term investments 362228302304392
Receivables 6667524343
Inventory, net of allowances, customer advances and progress billings 5860687069
Inventory 5860687069
Other current assets 1095612
Total current assets: 731689652635618
Noncurrent Assets
Operating lease, right-of-use asset 98 
Property, plant and equipment 8684817067
Long-term investments and receivables 55   
Long-term investments 55   
Intangible assets, net (including goodwill) 111117122126132
Goodwill 1616161616
Intangible assets, net (excluding goodwill) 96101106111116
Other noncurrent assets 9079766539
Deferred tax assets, net252414
Other undisclosed noncurrent assets 3030131314
Total noncurrent assets: 332322316299266
TOTAL ASSETS: 1,0631,011968933884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4543344745
Accounts payable 9871113
Accrued liabilities 3536273632
Deferred revenue 9182 
Other liabilities 13141160
Other undisclosed current liabilities   868169
Total current liabilities: 148140132133114
Noncurrent Liabilities
Liabilities, other than long-term debt 128120796853
Deferred revenue 5045 
Liability, pension and other postretirement and postemployment benefits 4645454435
Other liabilities 3130342418
Other undisclosed noncurrent liabilities   424241
Total noncurrent liabilities: 12812012011094
Total liabilities: 276260252243208
Stockholders' equity
Stockholders' equity attributable to parent 787751716691676
Preferred stock 00000
Common stock 00000
Treasury stock, value (41)(41)(41)(41)(41)
Additional paid in capital 614612616617613
Accumulated other comprehensive loss (14)(15)(16)(16)(10)
Retained earnings 227195156130112
Total stockholders' equity: 787751716691676
TOTAL LIABILITIES AND EQUITY: 1,0631,011968933884

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues(303)98118887078
Cost of revenue
(Cost of Goods and Services Sold)
 (17)(24)(16)(18)(16)
Gross profit: 8094725261
Operating expenses (39)(45)(38)(37)(35)
Operating income: 4149341526
Nonoperating income 33322
Investment income, nonoperating 33332
Income from continuing operations before income taxes: 4452371828
Income tax expense (benefit) (7)(8)(6)1(5)
Net income attributable to parent: 3743311923
Other undisclosed net loss available to common stockholders, basic (0)(0)(0)(0)(0)
Net income available to common stockholders, diluted: 3743311923

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income: 3743311923
Other comprehensive income (loss) 111(6)0
Comprehensive income, net of tax, attributable to parent: 3844321323

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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