Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 46

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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   21,825   21,305   21,911 

      See notes to condensed consolidated financial statements. 

     4

      Table of Contents

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

      Nine Months Ended  
   September 30,  
   2025    2024  
 OPERATING ACTIVITIES:         
 Net loss  $(23,356) $(217)
 Adjustments to reconcile net loss to net cash provided by operating activities:         
 Depreciation   64,119   55,381 
 Bad debt expense   1,618   2,445 
 Stock compensation-net of excess tax benefits   325   550 
 Provision for deferred income taxes   (8,516)  (136)
 Gain on marketable equity securities   (2,455)  (3,907)
 Gain on sale or disposition of equipment   (11,431)  (109)
 (Gain)/loss on sale of marketable equity securities   (1,308)  108 
 Changes in operating assets and liabilities:         
 Accounts receivable   1,454   (14,264)
 Prepaid expenses, deposits, inventories, and other assets   3,371   5,631 
 Income taxes refundable   (245)  - 
 Income taxes payable   -   (441)
 Trade accounts payable   (961)  (463)
 Accrued expenses and other liabilities   527   (786)
 Net cash provided by operating activities   23,142   43,792 
         
 INVESTING ACTIVITIES:         
 Purchases of property and equipment   (21,572)  (85,577)
 Proceeds from disposition of equipment   43,903   27,849 
 Sales of marketable equity securities   3,818   2,797 
 Purchases of marketable equity securities   (4,238)  - 
 Net cash provided (used in) by investing activities   21,911   (54,931)
         
 FINANCING ACTIVITIES:         
 Borrowings under lines of credit   474,768   569,628 
 Repayments under lines of credit