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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 515420328395289
Cash and cash equivalents 2111331399845
Short-term investments 304287189298243
Receivables 4352252522
Inventory, net of allowances, customer advances and progress billings 7036171337
Inventory 7036171337
Deferred tax assets  91218
Other current assets 610624
Total current assets: 635519385448371
Noncurrent Assets
Property, plant and equipment 7056272220
Long-term investments and receivables  151523
Long-term investments  151523
Intangible assets, net (including goodwill) 1261471687283
Goodwill 161616  
Intangible assets, net (excluding goodwill) 1111321527283
Other noncurrent assets 651000
Deferred tax assets, net2427161513
Other undisclosed noncurrent assets 131516  
Total noncurrent assets: 299261242112119
TOTAL ASSETS: 933780628559490
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4749282433
Accounts payable 1114879
Accrued liabilities 3635201715
Employee-related liabilities     9
Deferred revenue and credits1510102
Other liabilities 60200
Other undisclosed current liabilities 81   (9)
Total current liabilities: 13364403527
Noncurrent Liabilities
Liabilities, other than long-term debt 6857595814
Deferred revenue and credits2431363
Liability, pension and other postretirement and postemployment benefits 4433282311
Other liabilities 24    
Other undisclosed noncurrent liabilities 42    
Total noncurrent liabilities: 11057595814
Total liabilities: 243121999341
Stockholders' equity
Stockholders' equity attributable to parent 691659528467449
Preferred stock 00000
Common stock 00000
Treasury stock, value (41)(40)(40)(40)(40)
Additional paid in capital 617611604590581
Accumulated other comprehensive loss (16)(11)(11)(10)(4)
Retained earnings (accumulated deficit) 13099(26)(74)(88)
Total stockholders' equity: 691659528467449
TOTAL LIABILITIES AND EQUITY: 933780628559490

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 247336199191191
Revenue, net336199191191
Cost of revenue
(Cost of Goods and Services Sold)
 (54)(55)(26)(33)(63)
Gross profit: 194281173158129
Operating expenses (137)(135)(104)(159)(132)
Other undisclosed operating income    3363
Operating income: 57146683259
Nonoperating income 83011
Investment income, nonoperating 83211
Other nonoperating expense (0)(0)(2)  
Interest and debt expense    (0)(0)
Income from continuing operations before income taxes: 64150693359
Income tax expense (5)(46)(21)(18)(17)
Net income attributable to parent: 59104481542
Other undisclosed net loss available to common stockholders, basic (1)(2)(1)  
Net income available to common stockholders, diluted: 58102471542

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 59104481542
Other comprehensive loss (5)(1)(1)(5)(0)
Comprehensive income, net of tax, attributable to parent: 5410347942

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: