12 unchanged sentences
The Company paid a quarterly cash dividend ranging from $0.035 to $0.10 per common share commencing in May 2019.
−Removed: In March 2020 the Company suspended its dividend due to the uncertainty caused by COVID-19 global pandemic and resumed its quarterly cash dividends payouts in December 2020.
We cannot assure you that we will be able to pay regular quarterly dividends, and our ability to pay dividends will be subject to the limitations set forth above and in the section of this Form 10-K titled “Risk Factors.” The Company has dividends payable of $1.1 million at December 31, 2023.
12 unchanged sentences
Charter revenue 23,716 59,673
+Added: Terminal & stevedore revenue 6,971 —
Total revenue 499,268 699,707
2 unchanged sentences
Vessel operating expenses 55,784 56,859
+Added: Terminal Expenses 5,809 —
Total cost of transportation and service revenue 400,061 541,280
32 unchanged sentences
Net cash used in investing activities $ (15,982) $ (28,509)
−Removed: Net cash (used in) provided by financing activities $ (34,117) $ 143,859
+Added: Net cash used in by financing activities $ (67,152) $ (34,117)
Amounts in the table above have been calculated based on unrounded numbers.
Accordingly, certain amounts may not appear to recalculate due to the effect of rounding.
−Removed: (1) Adjusted EBITDA represents operating earnings before interest expense, income taxes, depreciation and amortization, loss on sale and leaseback of vessels, share-based compensation and other non-operating income and/or expense, if any.
+Added: (1) Adjusted EBITDA represents operating earnings before interest expense, interest income, income taxes, depreciation and amortization, loss on sale of vessels, share-based compensation and other non-operating income and/or expense, and other non-recurring items, if any.
Adjusted EBITDA is included because it is used by management and certain investors to measure operating performance and is also reviewed periodically as a measure of financial performance by Pangaea's Board of Directors.
19 unchanged sentences
Unrealized gain on derivative instruments, net 2,925 (682)
+Added: Other non-recurring items 448 —
Adjusted EBITDA $ 79,724 $ 140,898
1 unchanged sentence
Accordingly, certain amounts may not appear to recalculate due to the effect of rounding.
−Removed: (3) Net transportation and service revenue represents total revenue less the total direct costs of transportation and services, which includes charter hire, voyage and vessel operating expenses.
+Added: (3) Net transportation and service revenue represents total revenue less the total direct costs of transportation and services, which includes charter hire, voyage and vessel operating expenses, and terminal & stevedore expenses.
Net transportation and service revenue is included because it is used by management and certain investors to measure performance by comparison to other logistic service providers.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.