Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 50

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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uted   21,095   21,932   21,498   21,981 

      See notes to condensed consolidated financial statements. 

     4

      Table of Contents

      PAMT CORP AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (unaudited) (in thousands) 

      Six Months Ended  
   June 30,  
   2025    2024  
 OPERATING ACTIVITIES:         
 Net loss  $(17,770) $(2,629)
 Adjustments to reconcile net loss to net cash provided by operating activities:         
 Depreciation   44,315   37,640 
 Bad debt expense   379   2,406 
 Stock compensation-net of excess tax benefits   140   393 
 Provision for deferred income taxes   (10,757)  (831)
 Gain on marketable equity securities   (2,371)  (1,434)
 (Gain) Loss on sale or disposition of equipment   (7,428)  101 
 Changes in operating assets and liabilities:         
 Accounts receivable   3,623   (13,366)
 Prepaid expenses, deposits, inventories, and other assets   2,663   5,589 
 Income taxes refundable   2,281   - 
 Income taxes payable   1,774   (590)
 Trade accounts payable   (382)  1,176 
 Accrued expenses and other liabilities   739   (185)
 Net cash provided by operating activities   17,206   28,270 
         
 INVESTING ACTIVITIES:         
 Purchases of property and equipment   (18,149)  (36,441)
 Proceeds from disposition of equipment   29,235   17,707 
 Sales of marketable equity securities   743   2,631 
 Purchases of marketable equity securities   (4,136)  - 
 Net cash provided (used) by investing activities   7,693   (16,103)
         
 FINANCING ACTIVITIES:         
 Borrowings under lines of credit   324,864   384,836 
 Repayments under lines of credit   (324,864)  (384,836)
 Borrowings