Pangaea Logistics Solutions Ltd. PANL Income Statement

Pangaea logistics solutions ltd. (PANL)

Income statement / TTM

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
428,579	412,244	383,644	360,044	373,544	373,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Voyage revenue
-	-	-	-	-	-	-	-	-	337,708	312,208	284,519	257,788	222,100	212,091	210,691	218,094	266,673	309,232	325,236	344,255	345,235	332,456	0	0	0
Charter revenue
-	-	-	-	-	-	-	-	-	47,393	36,993	28,459	20,666	15,900	15,534	17,323	18,123	20,660	25,253	29,265	34,923	53,040	57,909	0	0	0
Revenues
-	-	-	-	-	-	-	-	-	385,101	349,201	312,978	278,555	238,000	227,626	228,014	236,117	287,333	334,485	354,502	379,179	398,276	390,366	0	0	0
Expenses:
Voyage expense
181,095	165,474	154,774	146,374	147,174	145,200	144,100	151,705	152,302	163,374	153,374	138,269	126,471	103,700	96,288	97,481	98,810	125,634	156,695	172,901	186,664	189,474	181,818	0	0	0
Charter hire expense
140,325	132,947	120,247	106,747	119,147	116,900	120,800	127,064	129,539	130,040	111,640	96,575	78,401	63,700	58,665	59,567	59,763	75,922	97,838	111,552	130,342	149,653	144,256	0	0	0
Vessel operating expense
45,433	45,254	42,254	40,854	39,754	39,800	39,300	38,544	37,618	36,410	35,410	33,765	32,591	30,900	30,495	31,457	30,674	31,559	30,360	29,833	30,449	29,583	28,735	0	0	0
General and administrative
17,393	17,433	16,533	17,433	16,433	16,500	15,900	16,962	15,704	15,118	15,018	13,456	13,214	12,700	12,236	12,631	13,647	14,966	16,942	16,137	14,573	12,831	10,466	0	0	0
Depreciation and amortization
18,442	18,577	18,077	17,777	17,677	17,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on impairment of vessels
-	4,751	0	0	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	15,541	-	-	14,441	14,000	13,773	13,469	13,240	12,730	12,710	12,633	12,107	11,668	10,933	0	0	0
Loss on impairment of vessels
-	-	-	-	-	-	-	-	-	9,300	-	-	-	0	5,354	5,354	5,354	5,354	11,506	11,506	11,506	11,506	0	0	0	-
Gain on sale of vessels
-4,522	-4,600	0	0	0	0	0	-70	-4,985	-9,275	0	0	0	-	-	-	-	638	638	-1,094	-3,858	-3,947	-3,947	0	0	0
Sale and Leaseback Transaction, Gain (Loss), Net
-	0	0	0	-	900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
412,012	389,086	351,886	329,186	341,086	336,900	338,100	351,898	356,111	369,822	339,922	305,924	269,510	225,100	216,814	220,133	222,039	266,806	326,692	353,470	381,784	400,770	372,263	0	0	0
(Loss) income from operations
16,567	23,157	31,757	30,857	32,457	36,100	35,200	33,124	23,534	15,279	9,279	7,054	9,044	12,900	10,812	7,881	14,077	20,526	7,793	1,032	-2,605	-2,494	18,102	0	0	0
Other (expense) income:
Interest expense, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-	-	-	-	-	-	-	-	-	7,981	7,281	6,475	5,730	5,500	5,435	5,629	5,408	5,419	5,489	5,344	5,538	5,644	5,758	0	0	0
Interest expense on related party debt
0	26	26	26	126	200	300	379	358	336	336	356	377	400	399	409	420	435	429	427	336	263	365	0	0	0
Imputed interest on related party long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	322	640	0	0	0
Unrealized (loss)/gain on derivative instruments, net
-2,517	2,689	-2,110	-1,310	-910	-3,800	400	-159	-2,235	330	1,430	1,690	4,566	2,300	249	-463	-1,500	-377	1,565	1,528	-35	-1,230	-268	0	0	0
Other income
696	267	767	567	367	600	-1,800	-822	-8	-314	1,385	-791	-1,805	-3,800	-6,785	-7,673	-8,440	-7,159	-7,879	-7,716	-9,370	-11,153	-7,540	0	0	0
Total other (expense) income, net
-10,936	-6,276	-10,476	-9,576	-9,476	-12,100	-5,700	-5,267	-6,653	-3,901	-4,001	-2,733	352	-100	-1,100	-1,070	-1,109	-926	-3,527	-3,473	-3,459	-3,693	-507	0	0	0
Net (loss) income
5,830	17,081	21,381	21,381	22,981	24,000	27,300	25,657	14,681	9,177	4,877	2,720	7,496	9,100	4,026	207	5,637	13,367	-86	-6,683	-11,975	-13,647	10,562	0	0	0
Income attributable to non-controlling interests
4,625	5,378	5,778	5,778	5,778	6,200	3,900	3,376	2,837	287	487	-1,589	-2,650	-1,700	-1,386	-1,108	-38	2,090	3,261	4,390	4,313	1,519	448	0	0	0
Net (loss) income attributable to Pangaea Logistics Solutions Ltd.
1,204	11,702	15,602	15,602	17,202	17,800	22,400	21,281	10,844	7,890	3,890	2,809	7,646	7,500	2,612	-484	4,876	11,276	-978	-6,891	-11,121	-12,128	10,783	0	0	0
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
386,323	365,651	332,851	310,851	315,251	319,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charter revenue
Revenue
42,256	46,592	50,792	49,192	58,292	53,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-