| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Revenue | ||||||
412,197 | 372,970 | 385,945 | - | - | - | - |
Voyage revenue | ||||||
- | - | - | 222,116 | 266,673 | 345,235 | 336,160 |
Charter revenue | ||||||
- | - | - | 15,900 | 20,660 | 53,040 | 56,310 |
Revenues | ||||||
- | - | - | 238,016 | 287,333 | 398,276 | 392,470 |
Expenses: | ||||||
Voyage expense | ||||||
165,478 | 145,146 | 160,577 | 103,647 | 125,634 | 189,474 | 196,035 |
Charter hire expense | ||||||
132,950 | 116,958 | 132,852 | 63,691 | 75,922 | 149,653 | 130,879 |
Vessel operating expense | ||||||
45,266 | 39,830 | 36,435 | 30,904 | 31,559 | 29,583 | 22,958 |
General and administrative | ||||||
17,378 | 16,483 | 15,163 | 12,773 | 14,966 | 12,831 | 11,599 |
Depreciation and amortization | ||||||
18,529 | 17,620 | 15,614 | - | - | - | - |
Loss on impairment of vessels | ||||||
4,751 | 0 | - | - | - | - | - |
Depreciation and amortization | ||||||
- | - | - | 14,107 | 12,730 | 11,668 | 9,614 |
Loss on impairment of vessels | ||||||
- | - | - | - | 5,354 | 11,506 | 0 |
Gain on sale of vessels | ||||||
-4,584 | 0 | -9,275 | 0 | -638 | 3,947 | 0 |
Sale and Leaseback Transaction, Gain (Loss), Net | ||||||
0 | -860 | - | - | - | - | - |
Total expenses | ||||||
388,939 | 336,899 | 369,919 | 225,124 | 266,806 | 400,770 | 371,087 |
(Loss) income from operations | ||||||
23,258 | 36,070 | 16,026 | 12,891 | 20,526 | -2,494 | 21,383 |
Other (expense) income: | ||||||
Interest expense, net | ||||||
9,227 | 8,694 | - | - | - | - | - |
Interest expense, net | ||||||
- | - | 7,954 | 5,423 | 5,419 | 5,644 | 5,487 |
Interest expense on related party debt | ||||||
50 | 202 | 316 | 314 | 435 | 263 | 411 |
Imputed interest on related party long-term debt | ||||||
- | - | - | - | - | 322 | 1,117 |
Unrealized (loss)/gain on derivative instruments, net | ||||||
2,753 | -3,868 | 360 | 2,163 | -377 | -1,230 | 1,101 |
Other income | ||||||
314 | 677 | 984 | -3,733 | -7,159 | -11,153 | -5,869 |
Total other (expense) income, net | ||||||
-6,209 | -12,089 | -6,925 | -158 | -926 | -3,693 | 45 |
Net (loss) income | ||||||
17,048 | 23,981 | 9,100 | 9,158 | 13,367 | -13,647 | 15,514 |
Income attributable to non-controlling interests | ||||||
5,390 | 6,224 | 1,287 | 1,701 | 2,090 | -1,519 | 62 |
Net (loss) income attributable to Pangaea Logistics Solutions Ltd. | ||||||
11,657 | 17,757 | 7,812 | 7,456 | 11,276 | -12,128 | 15,452 |
Earnings per common share: | ||||||
Basic (in dollars per share) | ||||||
0.27 | 0.42 | 0.20 | 0.21 | 0.32 | -1.61 | -0.65 |
Diluted (in dollars per share) | ||||||
0.27 | 0.42 | 0.20 | 0.21 | 0.32 | -1.61 | -0.65 |
Weighted average shares used to compute earnings per common share: | ||||||
Basic (in shares) | ||||||
42,752 | 42,248 | 38,414 | 35,158 | 34,784 | 18,726 | - |
Diluted (in shares) | ||||||
43,267 | 42,783 | 38,925 | 35,376 | 34,957 | 18,726 | - |
Basic and diluted (in shares) | ||||||
- | - | - | - | - | - | 13,421 |
Voyage revenue | ||||||
Revenue | ||||||
365,714 | 319,753 | 338,540 | - | - | - | - |
Charter revenue | ||||||
Revenue | ||||||
46,482 | 53,217 | 47,404 | - | - | - | - |