PANL
Income statement / Annual
Last year (2023), Pangaea Logistics Solutions, Ltd.'s total revenue was $499.27 M,
a decrease of 28.65% from the previous year.
In 2023, Pangaea Logistics Solutions, Ltd.'s net income was $26.32 M.
See Pangaea Logistics Solutions, Ltd.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$499.27 M
|
$699.71 M
|
$718.10 M
|
$382.90 M
|
$412.20 M
|
$372.97 M
|
$385.09 M
|
$238.02 M
|
$287.33 M
|
$398.28 M
|
| Cost of Revenue |
$430.13 M |
$570.77 M |
$620.27 M |
$344.75 M |
$362.22 M |
$319.56 M |
$345.48 M |
$212.35 M |
$245.85 M |
$380.38 M |
| Gross Profit |
$69.14 M |
$128.94 M |
$97.84 M |
$38.14 M |
$49.97 M |
$53.42 M |
$39.61 M |
$25.67 M |
$41.49 M |
$17.90 M |
| Gross Profit Ratio |
0.14 |
0.18 |
0.14 |
0.1 |
0.12 |
0.14 |
0.1 |
0.11 |
0.14 |
0.04 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$22.58 M
|
$20.10 M
|
$18.97 M
|
$15.92 M
|
$17.38 M
|
$16.48 M
|
$15.16 M
|
$12.77 M
|
$14.97 M
|
$12.83 M
|
| Selling & Marketing
Expenses |
$200,000.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$22.78 M
|
$20.10 M
|
$18.97 M
|
$15.92 M
|
$17.38 M
|
$16.48 M
|
$15.16 M
|
$12.77 M
|
$14.97 M
|
$12.83 M
|
| Other Expenses |
$0.00 |
$807,142.00 |
$1.13 M |
$982,345.00 |
$314,847.00 |
$677,085.00 |
$1.84 M |
-$158,528.00 |
-$926,759.00 |
-$3.69 M |
| Operating Expenses |
$22.78 M |
$20.10 M |
$18.97 M |
$15.92 M |
$17.38 M |
$16.48 M |
$15.16 M |
$12.77 M |
$14.97 M |
$12.83 M |
| Cost And Expenses |
$454.65 M |
$590.87 M |
$639.23 M |
$360.67 M |
$379.60 M |
$336.04 M |
$360.64 M |
$225.12 M |
$260.81 M |
$393.21 M |
| Interest Income |
$3.57 M |
$21.49 M |
$11.51 M |
$7.83 M |
$9.28 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$17.49 M |
$21.49 M |
$11.51 M |
$7.83 M |
$9.28 M |
$8.90 M |
$8.27 M |
$5.74 M |
$5.86 M |
$6.23 M |
| Depreciation &
Amortization |
$30.07 M
|
$29.49 M
|
$22.97 M
|
$17.06 M
|
$18.53 M
|
$17.62 M
|
$15.61 M
|
$14.11 M
|
$12.73 M
|
$11.67 M
|
| EBITDA |
$76.43 M
|
$138.32 M
|
$101.85 M
|
$39.28 M
|
$44.86 M
|
$54.55 M
|
$40.92 M
|
$27.00 M
|
$39.25 M
|
$4.25 M
|
| EBITDA Ratio |
0.15 |
0.2 |
0.14 |
0.11 |
0.12 |
0.15 |
0.11 |
0.11 |
0.13 |
0.03 |
| Operating Income Ratio
|
0.09
|
0.15
|
0.11
|
0.05
|
0.08
|
0.1
|
0.04
|
0.05
|
0.07
|
-0.01
|
| Total Other
Income/Expenses Net |
-$17.36 M
|
-$20.00 M
|
-$6.50 M
|
-$7.00 M
|
-$6.21 M
|
-$12.09 M
|
-$6.93 M
|
-$3.73 M
|
-$7.16 M
|
-$11.15 M
|
| Income Before Tax |
$29.00 M |
$85.51 M |
$72.37 M |
$12.69 M |
$17.05 M |
$23.98 M |
$9.10 M |
$9.16 M |
$13.37 M |
-$13.65 M |
| Income Before Tax Ratio
|
0.06
|
0.12
|
0.1
|
0.03
|
0.04
|
0.06
|
0.02
|
0.04
|
0.05
|
-0.03
|
| Income Tax Expense |
$0.00 |
$8.66 M |
$17.79 M |
$10.15 M |
$14.98 M |
$10.95 M |
$10.20 M |
-$461,628.00 |
$8.46 M |
$7.27 M |
| Net Income |
$26.32 M |
$79.49 M |
$67.23 M |
$2.54 M |
$2.07 M |
$17.76 M |
$7.81 M |
$7.46 M |
$11.28 M |
-$12.13 M |
| Net Income Ratio |
0.05 |
0.11 |
0.09 |
0.01 |
0.01 |
0.05 |
0.02 |
0.03 |
0.04 |
-0.03 |
| EPS |
0.59 |
1.79 |
1.53 |
0.0585 |
0.0483 |
0.42 |
0.2 |
0.21 |
0.32 |
-0.65 |
| EPS Diluted |
0.58 |
1.76 |
1.5 |
0.0579 |
0.0477 |
0.42 |
0.2 |
0.21 |
0.32 |
-0.65 |
| Weighted Average Shares
Out |
$44.77 M
|
$44.40 M
|
$44.00 M
|
$43.42 M
|
$42.75 M
|
$42.25 M
|
$38.41 M
|
$35.16 M
|
$34.78 M
|
$18.73 M
|
| Weighted Average Shares
Out Diluted |
$45.48 M
|
$45.06 M
|
$44.85 M
|
$43.82 M
|
$43.27 M
|
$42.78 M
|
$38.93 M
|
$35.38 M
|
$34.96 M
|
$18.73 M
|
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