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10-K Filing

Pangaea Logistics Solutions Ltd. CIK: 1606909 FY 2022
Filing Information
Form Type 10-K
Accession Number 0001606909-23-000045
Period End Date 20221231
Filing Date 20230315
Fiscal Year 2022
Fiscal Period FY
XBRL Instance panl-20221231_htm.xml
Filing Contents
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivable $4.37M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivable $1.99M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.21M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $128.38M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares Issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable (net of allowance of $4,367,848 and $1,990,459 at December 31, 2022 and 2021, respectively) AccountsReceivableNetCurrent $36.76M USD Point-in-time
Preferred stock, shares Issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable (net of allowance of $4,367,848 and $1,990,459 at December 31, 2022 and 2021, respectively) AccountsReceivableNetCurrent $54.26M USD Point-in-time
Bunker inventory InventoryNet $27.15M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Bunker inventory InventoryNet $29.10M USD Point-in-time
Advance hire, prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $28.27M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Advance hire, prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $46.35M USD Point-in-time
Total current assets AssetsCurrent $183.96M USD Point-in-time
Shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Shares authorized (in shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Total current assets AssetsCurrent $222.51M USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $476.52M USD Point-in-time
Fixed assets, net PropertyPlantAndEquipmentNet $471.91M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 45.62M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 45.90M shares Point-in-time
Deposits Assets, Noncurrent DepositsAssetsNoncurrent - USD Point-in-time
Deposits Assets, Noncurrent DepositsAssetsNoncurrent $1.99M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 45.90M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 45.62M shares Point-in-time
Investment in newbuildings in-process InvestmentInNewbuildingsInProcess $1.99M USD Point-in-time
Vessels under finance lease FinanceLeaseRightOfUseAsset $45.20M USD Point-in-time
Vessels under finance lease FinanceLeaseRightOfUseAsset $43.92M USD Point-in-time
Other Assets, Noncurrent OtherAssetsNoncurrent $3.96M USD Point-in-time
Other Assets, Noncurrent OtherAssetsNoncurrent $5.28M USD Point-in-time
Total assets Assets $748.24M USD Point-in-time
Total assets Assets $707.02M USD Point-in-time
Accounts payable, accrued expenses and other current liabilities AccountsPayableAccruedExpensesAndOtherCurrentLiabilities $49.15M USD Point-in-time
Accounts payable, accrued expenses and other current liabilities AccountsPayableAccruedExpensesAndOtherCurrentLiabilities $38.55M USD Point-in-time
Related party notes payable DueToRelatedPartiesCurrent - USD Point-in-time
Related party notes payable DueToRelatedPartiesCurrent $242.85K USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $20.88M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $32.21M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $15.44M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $15.78M USD Point-in-time
Current portion of finance lease liabilities FinanceLeaseLiabilityCurrent $14.48M USD Point-in-time
Current portion of finance lease liabilities FinanceLeaseLiabilityCurrent $16.37M USD Point-in-time
Dividends payable DividendsPayableCurrent $213.76K USD Point-in-time
Dividends payable DividendsPayableCurrent $626.18K USD Point-in-time
Total current liabilities LiabilitiesCurrent $92.21M USD Point-in-time
Total current liabilities LiabilitiesCurrent $111.74M USD Point-in-time
Secured long-term debt, net SecuredLongTermDebt $105.84M USD Point-in-time
Secured long-term debt, net SecuredLongTermDebt $98.82M USD Point-in-time
Finance lease liabilities FinanceLeaseLiabilityNoncurrent $170.96M USD Point-in-time
Finance lease liabilities FinanceLeaseLiabilityNoncurrent $168.51M USD Point-in-time
Long-term liabilities - other - Note 11 OtherLiabilitiesNoncurrent $17.81M USD Point-in-time
Long-term liabilities - other - Note 11 OtherLiabilitiesNoncurrent $10.14M USD Point-in-time
Long-term liabilities - other - Note 11 OtherLiabilitiesNoncurrent $19.97M USD Point-in-time
Commitments and contingencies - Note 12 CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies - Note 12 CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 shares authorized and no shares issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized, 45,898,395 and 45,617,840 shares issued and outstanding at December 31, 2022 and 2021, respectively CommonStockValue $4.56K USD Point-in-time
Common stock, $0.0001 par value, 100,000,000 shares authorized, 45,898,395 and 45,617,840 shares issued and outstanding at December 31, 2022 and 2021, respectively CommonStockValue $4.59K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $162.89M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $161.53M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $151.33M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $85.66M USD Point-in-time
Total Pangaea Logistics Solutions Ltd. equity StockholdersEquity $247.20M USD Point-in-time
Total Pangaea Logistics Solutions Ltd. equity StockholdersEquity $314.23M USD Point-in-time
Non-controlling interests MinorityInterest $54.50M USD Point-in-time
Non-controlling interests MinorityInterest $53.48M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $234.43M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $300.68M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $368.72M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $748.24M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $707.02M USD Point-in-time
Income Statement 220 line items
Line Item Tag Value Unit Period
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $234.60M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $718.10M USD Annual
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $213.10M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $145.50M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $125.00M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $184.50M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $699.71M USD Annual
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $191.70M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $195.60M USD 1 Quarter
Revenues RevenueFromContractWithCustomerExcludingAssessedTax $127.90M USD 1 Quarter
Voyage expense VoyageExpense $262.09M USD Annual
Voyage expense VoyageExpense $219.62M USD Annual
Voyage expense VoyageExpense $54.20M USD 1 Quarter
Voyage expense VoyageExpense $47.80M USD 1 Quarter
Voyage expense VoyageExpense $46.10M USD 1 Quarter
Voyage expense VoyageExpense $65.30M USD 1 Quarter
Voyage expense VoyageExpense $74.70M USD 1 Quarter
Voyage expense VoyageExpense $60.40M USD 1 Quarter
Voyage expense VoyageExpense $67.90M USD 1 Quarter
Voyage expense VoyageExpense $65.30M USD 1 Quarter
Charter hire expense CharterHireExpense $62.60M USD 1 Quarter
Charter hire expense CharterHireExpense $334.95M USD Annual
Charter hire expense CharterHireExpense $65.70M USD 1 Quarter
Charter hire expense CharterHireExpense $28.20M USD 1 Quarter
Charter hire expense CharterHireExpense $53.60M USD 1 Quarter
Charter hire expense CharterHireExpense $77.70M USD 1 Quarter
Charter hire expense CharterHireExpense $50.80M USD 1 Quarter
Charter hire expense CharterHireExpense $222.33M USD Annual
Charter hire expense CharterHireExpense $115.00M USD 1 Quarter
Charter hire expense CharterHireExpense $103.70M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $11.80M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $13.20M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $42.72M USD Annual
Vessel operating expenses VesselOperatingExpense $15.40M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $8.50M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $56.86M USD Annual
Vessel operating expenses VesselOperatingExpense $9.80M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $12.70M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $12.90M USD 1 Quarter
Vessel operating expenses VesselOperatingExpense $15.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $18.97M USD Annual
General and administrative GeneralAndAdministrativeExpense $4.40M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $20.10M USD Annual
General and administrative GeneralAndAdministrativeExpense $3.90M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.10M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.80M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $4.20M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $6.00M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.90M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $4.40M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $7.30M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $22.97M USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $7.20M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $7.50M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $29.49M USD Annual
Depreciation and amortization DepreciationAmortizationAndAccretionNet $7.40M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $6.50M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $7.30M USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges $3.00M USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD 1 Quarter
Loss on impairment of vessels TangibleAssetImpairmentCharges - USD Annual
Loss on impairment of vessels TangibleAssetImpairmentCharges $3.01M USD Annual
Loss on sale of vessels GainLossOnSaleOfProperties $-318.03K USD Annual
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD Annual
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties $-300.00K USD 1 Quarter
Loss on sale of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Total operating expenses OperatingExpenses $129.40M USD 1 Quarter
Total operating expenses OperatingExpenses $203.80M USD 1 Quarter
Total operating expenses OperatingExpenses $118.50M USD 1 Quarter
Total operating expenses OperatingExpenses $159.20M USD 1 Quarter
Total operating expenses OperatingExpenses $154.10M USD 1 Quarter
Total operating expenses OperatingExpenses $594.20M USD Annual
Total operating expenses OperatingExpenses $639.23M USD Annual
Total operating expenses OperatingExpenses $187.50M USD 1 Quarter
Total operating expenses OperatingExpenses $109.20M USD 1 Quarter
Total operating expenses OperatingExpenses $171.80M USD 1 Quarter
Income from operations OperatingIncomeLoss $36.40M USD 1 Quarter
Income from operations OperatingIncomeLoss $30.80M USD 1 Quarter
Income from operations OperatingIncomeLoss $6.50M USD 1 Quarter
Income from operations OperatingIncomeLoss $30.40M USD 1 Quarter
Income from operations OperatingIncomeLoss $16.10M USD 1 Quarter
Income from operations OperatingIncomeLoss $78.87M USD Annual
Income from operations OperatingIncomeLoss $18.70M USD 1 Quarter
Income from operations OperatingIncomeLoss $19.90M USD 1 Quarter
Income from operations OperatingIncomeLoss $105.51M USD Annual
Income from operations OperatingIncomeLoss $25.60M USD 1 Quarter
Interest expense, net InterestExpenseDebt $3.60M USD 1 Quarter
Interest expense, net InterestExpenseDebt $2.60M USD 1 Quarter
Interest expense, net InterestExpenseDebt $2.00M USD 1 Quarter
Interest expense, net InterestExpenseDebt $3.60M USD 1 Quarter
Interest expense, net InterestExpenseDebt $3.40M USD 1 Quarter
Interest expense, net InterestExpenseDebt $10.33M USD Annual
Interest expense, net InterestExpenseDebt $3.30M USD 1 Quarter
Interest expense, net InterestExpenseDebt $2.40M USD 1 Quarter
Interest expense, net InterestExpenseDebt $4.10M USD 1 Quarter
Interest expense, net InterestExpenseDebt $14.77M USD Annual
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $300.00K USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $1.80M USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $1.18M USD Annual
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $800.00K USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $2.40M USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $300.00K USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $400.00K USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $1.70M USD 1 Quarter
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $6.72M USD Annual
Income attributable to Non-controlling interest recorded as long-term liability interest expense InterestExpenseRelatedParty $200.00K USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-4.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $3.89M USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $6.30M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-9.80M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $7.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $5.30M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $682.32K USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $2.00M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-3.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $1.20M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $300.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $300.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $300.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $-100.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $807.14K USD Annual
Other income OtherNonoperatingIncomeExpense $100.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $600.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $100.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $300.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $1.13M USD Annual
Total other expense, net NonoperatingIncomeExpense $-6.50M USD Annual
Total other expense, net NonoperatingIncomeExpense $-8.70M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-10.70M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense - USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-20.00M USD Annual
Total other expense, net NonoperatingIncomeExpense $-13.20M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $3.20M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $2.40M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-2.90M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $3.40M USD 1 Quarter
Net income ProfitLoss $28.80M USD 1 Quarter
Net income ProfitLoss $27.70M USD 1 Quarter
Net income ProfitLoss $17.60M USD 1 Quarter
Net income ProfitLoss $6.50M USD 1 Quarter
Net income ProfitLoss $15.80M USD 1 Quarter
Net income ProfitLoss $85.51M USD Annual
Net income ProfitLoss $72.37M USD Annual
Net income ProfitLoss $19.70M USD 1 Quarter
Net income ProfitLoss $22.30M USD 1 Quarter
Net income ProfitLoss $19.50M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.30M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.40M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $300.00K USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $5.15M USD Annual
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $300.00K USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $700.00K USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $2.50M USD 1 Quarter
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $6.02M USD Annual
Income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.70M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $19.20M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $79.49M USD Annual
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $5.80M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $27.10M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $67.23M USD Annual
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $15.20M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $25.20M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $18.70M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $15.50M USD 1 Quarter
Net income attributable to Pangaea Logistics Solutions Ltd. NetIncomeLoss $20.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.44 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.61 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.53 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.34 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.79 USD Annual
Basic (in dollars per share) EarningsPerShareBasic $0.35 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.13 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.45 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.56 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.42 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.13 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.50 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.43 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.60 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.76 USD Annual
Diluted (in dollars per share) EarningsPerShareDiluted $0.56 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.39M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.42M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.40M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 43.97M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.43M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.00M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.44M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.00M shares Annual
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 44.00M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.19M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.93M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.64M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.07M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.55M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.85M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.69M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.69M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 45.06M shares Annual
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 44.99M shares 1 Quarter
Cash Flow Statement 106 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $28.80M USD 1 Quarter
Net income ProfitLoss $27.70M USD 1 Quarter
Net income ProfitLoss $17.60M USD 1 Quarter
Net income ProfitLoss $6.50M USD 1 Quarter
Net income ProfitLoss $15.80M USD 1 Quarter
Net income ProfitLoss $85.51M USD Annual
Net income ProfitLoss $72.37M USD Annual
Net income ProfitLoss $19.70M USD 1 Quarter
Net income ProfitLoss $22.30M USD 1 Quarter
Net income ProfitLoss $19.50M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $22.97M USD Annual
Depreciation and amortization expense DepreciationDepletionAndAmortization $29.49M USD Annual
Amortization of deferred financing costs AmortizationOfDeferredFinancingCostsAndBankFees $1.01M USD Annual
Amortization of deferred financing costs AmortizationOfDeferredFinancingCostsAndBankFees $921.00K USD Annual
Amortization of prepaid rent Amortizationofprepaidrent $122.34K USD Annual
Amortization of prepaid rent Amortizationofprepaidrent $115.26K USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-4.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $3.89M USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $6.30M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-9.80M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $7.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $5.30M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $682.32K USD Annual
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $2.00M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $-3.50M USD 1 Quarter
Unrealized gain on derivative instruments UnrealizedGainLossOnDerivatives $1.20M USD 1 Quarter
Income from equity method investee IncomeLossFromEquityMethodInvestments $807.14K USD Annual
Income from equity method investee IncomeLossFromEquityMethodInvestments $1.13M USD Annual
Earnings attributable to non-controlling interest recorded as interest expense EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense $6.72M USD Annual
Earnings attributable to non-controlling interest recorded as interest expense EarningsAttributableToNoncontrollingInterestRecordedAsInterestExpense $1.18M USD Annual
Provision for doubtful accounts ProvisionForDoubtfulAccounts $2.38M USD Annual
Provision for doubtful accounts ProvisionForDoubtfulAccounts $1.56M USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse $3.01M USD Annual
Loss on impairment of vessels ImpairmentOfLongLivedAssetsHeldForUse - USD Annual
Loss on sales of vessels GainLossOnSaleOfProperties $-318.03K USD Annual
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD Annual
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties $-300.00K USD 1 Quarter
Loss on sales of vessels GainLossOnSaleOfProperties - USD 1 Quarter
Drydocking costs PaymentForDrydockingCosts $6.02M USD Annual
Drydocking costs PaymentForDrydockingCosts $8.08M USD Annual
Share-based compensation ShareBasedCompensation $1.77M USD Annual
Share-based compensation ShareBasedCompensation $2.10M USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $-15.13M USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $26.67M USD Annual
Bunker inventory IncreaseDecreaseInInventories $1.96M USD Annual
Bunker inventory IncreaseDecreaseInInventories $11.18M USD Annual
Advance hire, prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $24.94M USD Annual
Advance hire, prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-19.09M USD Annual
Accounts payable, accrued expenses and other current liabilities IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities $16.98M USD Annual
Accounts payable, accrued expenses and other current liabilities IncreaseDecreaseInAccountPayableAccruedExpensesAndOtherCurrentLiabilities $-8.94M USD Annual
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $-11.32M USD Annual
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $19.41M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $61.75M USD Annual
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $134.80M USD Annual
Purchase of vessels and vessel improvements PaymentForPurchaseOfVessels $35.74M USD Annual
Purchase of vessels and vessel improvements PaymentForPurchaseOfVessels $194.62M USD Annual
Proceeds from sale of vessels ProceedsfromSaleofVessel $8.40M USD Annual
Proceeds from sale of vessels ProceedsfromSaleofVessel - USD Annual
Advances for Vessel Purchases PaymentsforInvestmentInNewbuildingsInProcess - USD Annual
Advances for Vessel Purchases PaymentsforInvestmentInNewbuildingsInProcess $1.99M USD Annual
Purchase of equipment and internal use software PaymentsToAcquireOtherPropertyPlantAndEquipment $42.96K USD Annual
Purchase of equipment and internal use software PaymentsToAcquireOtherPropertyPlantAndEquipment $653.45K USD Annual
Contribution Payments To Acquire Non-Controlling Interest ContributionPaymentsToAcquireNonControllingInterest $1.14M USD Annual
Contribution Payments To Acquire Non-Controlling Interest ContributionPaymentsToAcquireNonControllingInterest $515.16K USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-28.51M USD Annual
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-197.79M USD Annual
Proceeds from long-term debt ProceedsFromIssuanceOfSecuredDebt $8.50M USD Annual
Proceeds from long-term debt ProceedsFromIssuanceOfSecuredDebt $79.15M USD Annual
Payments of financing and issuance costs PaymentOfFinancingAndStockIssuanceCosts $466.54K USD Annual
Payments of financing and issuance costs PaymentOfFinancingAndStockIssuanceCosts $2.05M USD Annual
Payments of long-term debt RepaymentsOfSecuredDebt $15.44M USD Annual
Payments of long-term debt RepaymentsOfSecuredDebt $61.96M USD Annual
Proceeds from finance leases ProceedsFromFinanceLease $141.17M USD Annual
Proceeds from finance leases ProceedsFromFinanceLease $15.00M USD Annual
Payments on finance lease obligation FinanceLeasePrincipalPayments $9.92M USD Annual
Payments on finance lease obligation FinanceLeasePrincipalPayments $15.83M USD Annual
Repayments of Other Long-term Debt RepaymentsOfOtherLongTermDebt $2.50M USD Annual
Repayments of Other Long-term Debt RepaymentsOfOtherLongTermDebt $5.00M USD Annual
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $3.33M USD Annual
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $5.00M USD Annual
Common stock accrued dividends paid PaymentsOfDividendsCommonStock $5.54M USD Annual
Common stock accrued dividends paid PaymentsOfDividendsCommonStock $13.41M USD Annual
Cash paid for incentive compensation shares relinquished EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards $-407.90K USD Annual
Cash paid for incentive compensation shares relinquished EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards $-150.01K USD Annual
Contributions from non-controlling interests ProceedsFromMinorityShareholders $9.18M USD Annual
Contributions from non-controlling interests ProceedsFromMinorityShareholders - USD Annual
Payments to non-controlling interest recorded as long-term liability PaymentsToMinorityShareholders $195.60K USD Annual
Payments to non-controlling interest recorded as long-term liability PaymentsToMinorityShareholders $2.05M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $143.86M USD Annual
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-34.12M USD Annual
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $72.18M USD Annual
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $7.81M USD Annual
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $48.40M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $128.38M USD Point-in-time
Cash and cash equivalents at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $56.21M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $48.40M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $128.38M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $56.21M USD Point-in-time
Cash paid for interest InterestPaidNet $14.91M USD Annual
Cash paid for interest InterestPaidNet $9.09M USD Annual
Stockholders Equity 24 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $234.43M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $300.68M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $368.72M USD Point-in-time
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.77M USD Annual
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.10M USD Annual
Issuance of restricted shares, net of forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-407.90K USD Annual
Issuance of restricted shares, net of forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures $-150.01K USD Annual
Distribution to Non-Controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $3.33M USD Annual
Distribution to Non-Controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $5.00M USD Annual
Common Stock Dividend DividendsCommonStock $4.74M USD Annual
Common Stock Dividend DividendsCommonStock $13.83M USD Annual
Net income ProfitLoss $28.80M USD 1 Quarter
Net income ProfitLoss $27.70M USD 1 Quarter
Net income ProfitLoss $17.60M USD 1 Quarter
Net income ProfitLoss $6.50M USD 1 Quarter
Net income ProfitLoss $15.80M USD 1 Quarter
Net income ProfitLoss $85.51M USD Annual
Net income ProfitLoss $72.37M USD Annual
Net income ProfitLoss $19.70M USD 1 Quarter
Net income ProfitLoss $22.30M USD 1 Quarter
Net income ProfitLoss $19.50M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $234.43M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $300.68M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $368.72M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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