Pangaea Logistics Solutions Ltd. PANL Income Statement

Pangaea logistics solutions ltd. (PANL)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Sep'13
Revenues:
Revenue
95,879	130,500	118,900	83,300	79,544	101,900	95,300	96,800	79,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Voyage revenue
-	-	-	-	-	-	-	-	-	86,100	93,688	80,231	77,688	60,600	66,000	53,500	42,000	50,591	64,599	60,902	90,578	93,150	80,604	79,921	91,559	80,371
Charter revenue
-	-	-	-	-	-	-	-	-	16,100	13,334	11,192	6,766	5,700	4,800	3,400	2,000	5,334	6,588	4,199	4,536	9,927	10,600	9,858	22,653	14,797
Revenues
-	-	-	-	-	-	-	-	-	102,200	107,023	91,423	84,455	66,300	70,800	57,000	43,900	55,926	71,188	65,102	95,115	103,078	91,205	89,779	114,212	95,168
Expenses:
Voyage expense
47,795	51,000	45,100	37,200	32,174	40,300	36,700	38,000	30,200	39,200	44,305	38,597	41,271	29,200	29,200	26,800	18,500	21,788	30,392	28,129	45,324	52,849	46,598	41,891	48,134	45,193
Charter hire expense
32,325	47,700	42,000	18,300	24,947	35,000	28,500	30,700	22,700	38,900	34,764	33,174	23,201	20,500	19,700	15,000	8,500	15,465	20,601	15,195	24,659	37,382	34,315	33,984	43,971	31,984
Vessel operating expense
9,933	13,100	11,300	11,100	9,754	10,100	9,900	10,000	9,800	9,600	9,144	9,074	8,591	8,600	7,500	7,900	6,900	8,195	8,462	7,116	7,785	6,996	7,935	7,732	6,919	6,148
General and administrative
3,993	5,200	2,800	5,400	4,033	4,300	3,700	4,400	4,100	3,700	4,762	3,141	3,514	3,600	3,200	2,900	3,000	3,136	3,595	3,916	4,318	5,112	2,790	2,352	2,576	2,747
Depreciation and amortization
4,242	5,000	4,700	4,500	4,377	4,500	4,400	4,400	4,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of vessels
-	4,751	0	0	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	3,950	3,711	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	4,000	-	-	3,941	3,500	3,500	3,500	3,500	3,273	3,195	3,271	2,990	3,252	3,118	2,744	2,551	2,518
Loss on impairment of vessels
-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0	0	5,354	0	0	0	11,506	0	0	0	-
Gain on sale of vessels
77	-4,600	0	0	0	0	0	0	0	0	-70	-4,915	-4,289	-	-	-	-	0	71	477	88	0	-1,661	-2,286	0	0
Sale and Leaseback Transaction, Gain (Loss), Net
-	0	0	0	-	0	0	900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
98,212	131,400	105,900	76,500	75,286	94,200	83,200	88,400	71,100	95,400	96,998	92,613	84,810	65,500	63,000	56,200	40,400	57,214	66,319	58,106	85,166	117,099	93,097	86,419	104,153	88,593
(Loss) income from operations
-2,332	-900	13,000	6,800	4,257	7,700	12,100	8,400	7,900	6,800	10,024	-1,189	-355	800	7,800	800	3,500	-1,287	4,868	6,996	9,948	-14,020	-1,892	3,359	10,059	6,575
Other (expense) income:
Interest expense, net
2,116	-	-	-	2,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	2,000	2,106	2,244	1,630	1,300	1,300	1,500	1,400	1,235	1,493	1,279	1,410	1,305	1,348	1,474	1,515	1,419
Interest expense on related party debt
0	0	0	0	26	0	0	100	100	100	79	78	77	100	100	100	100	99	110	110	114	92	108	20	42	194
Imputed interest on related party long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	322	317
Unrealized (loss)/gain on derivative instruments, net
-2,917	500	-300	200	2,289	-4,300	500	600	-600	-100	-59	-1,476	1,966	1,000	200	1,400	-300	-1,050	-513	363	823	893	-551	-1,200	-371	1,854
Other income
596	-300	200	200	167	200	0	0	400	-2,200	977	813	94	-500	-1,200	-200	-1,900	-3,485	-2,087	-966	-619	-4,206	-1,924	-2,621	-2,402	-592
Total other (expense) income, net
-4,436	-2,200	-2,600	-1,700	223	-6,400	-1,700	-1,600	-2,400	0	-1,267	-2,985	352	-100	0	100	-100	-1,100	30	60	83	-3,701	83	74	-150	-515
Net (loss) income
-6,769	-3,000	10,400	5,200	4,481	1,300	10,400	6,800	5,500	4,600	8,757	-4,175	-3	300	6,600	600	1,600	-4,773	2,780	6,029	9,329	-18,226	-3,816	738	7,657	5,983
Income attributable to non-controlling interests
25	1,400	2,100	1,100	778	1,800	2,100	1,100	1,200	-500	1,576	561	-1,350	-300	-500	-500	-400	13	-221	569	1,729	1,184	906	491	-1,064	113
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.
-6,795	-4,400	8,300	4,100	3,702	-500	8,300	5,700	4,300	4,100	7,181	-4,737	1,346	100	6,100	100	1,200	-4,787	3,002	5,460	7,599	-17,042	-2,909	1,229	6,593	5,869
Earnings per common share:
Basic (in dollars per share)
-0.16	-0.10	0.19	0.09	0.09	-0.01	0.20	0.14	0.10	0.10	0.18	-0.13	0.04	0.00	0.17	0.00	0.03	-0.14	0.09	0.16	0.22	-0.86	-0.42	-0.04	0.17	-7.77
Diluted (in dollars per share)
-0.16	0.00	0.19	0.09	0.09	0.00	0.19	0.13	0.10	0.09	0.17	-0.13	0.04	0.00	0.17	0.00	0.03	-0.14	0.09	0.16	0.22	-0.86	-0.42	-0.04	0.17	-7.77
Weighted average shares used to compute earnings per common share:
Basic (in shares)
43,341	42,819	42,817	42,767	42,601	42,369	42,348	42,252	42,019	41,941	40,796	35,539	35,280	35,189	35,165	35,150	35,130	35,045	34,696	34,696	34,696	34,756	13,421	13,421	13,421	-
Diluted (in shares)
43,341	42,819	43,354	43,293	43,071	42,369	42,878	42,763	42,655	42,619	41,074	35,539	35,805	35,581	35,347	35,337	35,201	35,382	35,004	34,887	34,695	34,756	13,421	13,421	13,421	-
Basic and diluted (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	87
Voyage revenue
Revenue
86,523	118,600	103,800	77,400	65,851	85,800	81,800	81,800	70,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charter revenue
Revenue
9,356	11,900	15,100	5,900	13,692	16,100	13,500	15,000	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-