Pangaea Logistics Solutions Ltd. cash flow statement

In fiscal 2025, Pangaea Logistics Solutions Ltd.'s operations generated $53.7m of cash; it spent $4.3m on capital projects, leaving free cash flow of $49.4m. It returned $16.3m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Pangaea Logistics Solutions Ltd.: cash flow statement, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	21	20	26	19	29	40	44	21	62	135	54	66	54	70
Depreciation and amortisation	10	12	13	14	16	18	19	17	23	29	30	30	42	46
Stock-based pay	0	0	0	1	1	1	2	2	2	2	2	3	4	4
Capital spending	0	1	0	0	0	0	0	0	0	1	0	0	4	0
Free cash flow	21	19	26	19	29	40	44	21	62	134	54	66	49	70
Free cash flow after stock pay	21	19	25	18	28	39	42	19	60	132	52	63	45	65
Dividends paid	0	0	0	0	1	2	8	1	6	13	18	19	16	23
Shares issued	—	—	—	—	10	−0	0	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Pangaea Logistics Solutions Ltd.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	28	19	−4	14	29	15	4	21
Depreciation and amortisation	8	8	10	11	10	12	12	12
Stock-based pay	1	0	2	1	1	1	2	1
Capital spending	0	0	0	0	0	0	0	0
Free cash flow	28	19	−4	14	29	15	4	21
Free cash flow after stock pay	28	19	−6	14	28	14	3	21

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Pangaea Logistics Solutions Ltd.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Pangaea Logistics Solutions Ltd.