Company: PAMT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001437749-25-015763
Chunk: 7

Company: PAMT CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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79 
 Trade accounts payable   5   355 
 Accrued expenses and other liabilities   211   (315)
 Net cash provided by operating activities   4,996   9,585 
         
 INVESTING ACTIVITIES:         
 Purchases of property and equipment   (11,801)  (21,824)
 Sales of equity investments   1   - 
 Purchases of equity investments/return of capital   (1,652)  - 
 Proceeds from disposition of equipment   13,812   12,022 
 Net cash provided (used) by investing activities   360   (9,802)
         
 FINANCING ACTIVITIES:         
 Borrowings under line of credit   152,333   207,854 
 Repayments under line of credit   (152,333)  (207,854)
 Repayments of long-term debt   (16,344)  (20,431)
 Net cash used for financing activities   (16,344)  (20,431)
         
 NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH   (10,988)  (20,648)
         
 CASH, CASH EQUIVALENTS AND RESTRICTED CASH -Beginning of period   68,060   100,614 
         
 CASH, CASH EQUIVALENTS AND RESTRICTED CASH -End of period  $57,072  $79,966 
         
 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:         
 Cash paid during the period for:         
 Interest  $3,963  $2,933 
 Income taxes   -   27 
         
 NONCASH INVESTING AND FINANCING ACTIVITIES:         
 Purchases of property and equipment included in accounts payable  $92  $843 

See notes to condensed consolidated financial statements.

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PAMT CORP AND SUBSIDIARIES

Condensed Consolidated Statements of Stockholders’ Equity (unaudited) (in thousands)

     Common Stock  Additional  Treasury  Retained     
  Shares/Amount  Paid-In Capital  Stock  Earnings  Total