Dorian LPG Ltd. (LPG) Financial Statements (2024 and earlier)

Company Profile

Business Address 27 SIGNAL ROAD
STAMFORD, CT 06902
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 4412 - Deep Sea Foreign Transportation of Freight (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
12/31/2023
MRQ
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments208,460148,797236,75979,33063,31330,839
Cash and cash equivalents208,460148,797236,75979,33048,39030,839
Short-term investments    14,923 
Restricted cash and investments    5,3163,370 
Receivables113,34176,35258,63656,39467,66945,840
Inventory, net of allowances, customer advances and progress billings2,5732,6422,2662,0071,9962,112
Inventory2,5732,6422,2662,0071,9962,112
Derivative instruments and hedges, assets      
Other undisclosed current assets14,9558,50710,23210,2963,2673,799
Total current assets:339,329236,299307,893153,343139,61582,589
Noncurrent Assets
Operating lease, right-of-use asset199,554158,1798,08717,67226,862
Property, plant and equipment1,224,0291,263,9771,254,5171,377,1771,437,8441,478,681
Long-term investments and receivables 9,71832,26719,80023,10023,10019,800
Due from related parties20,90019,80023,10023,10019,800
Long-term investments 9,71811,367    
Derivative instruments and hedges7,6289,2796,512  6,448
Restricted cash and investments7776788135,62935,634
Deferred costs12,1638,3679,83910,1587,3372,001
Other noncurrent assets2,537 635831,573217
Other receivable, after allowance for credit loss25,300
Other undisclosed noncurrent assets  469    
Total noncurrent assets:1,481,0061,472,6151,299,4691,428,2721,532,3451,542,781
TOTAL ASSETS:1,820,3361,708,9141,607,3621,581,6151,671,9601,625,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,60516,44513,83718,59717,63410,649
Interest and dividends payable494   
Accounts payable11,43510,8079,5419,83113,5537,213
Accrued liabilities4,1705,6383,8018,7654,0813,436
Deferred revenue4172098148542,068
Debt53,43353,11172,07651,82062,26963,968
Derivative instruments and hedges, liabilities    1,1012,605 
Other liabilities160     
Due to related parties16937118437490
Contract with customer, liability4,259
Other undisclosed current liabilities32,83524,6638,0739,591  
Total current liabilities:102,45194,59794,83782,08185,01379,365
Noncurrent Liabilities
Long-term debt and lease obligation564,686604,257590,687547,733599,571632,122
Long-term debt, excluding current maturities564,686604,257590,687539,652581,919632,122
Liabilities, other than long-term debt169,140134,7821,6864,97610,3241,200
Other liabilities1,512 1,6861,5211,1711,200
Operating lease, liability167,628134,782 8,08117,652
Derivative instruments and hedges, liabilities    3,4559,153 
Other undisclosed noncurrent liabilities  1,432    
Total noncurrent liabilities:733,826740,471592,374552,709609,895633,322
Total liabilities:836,277835,067687,211634,790694,908712,687
Equity
Equity, attributable to parent984,058873,846920,151946,825977,052912,683
Common stock520516513511591589
Treasury stock, value(125,671)(122,897)(121,227)(99,862)(87,184)(36,485)
Additional paid in capital770,721764,383760,106756,776866,809863,584
Retained earnings338,489231,844280,759289,401196,83684,995
Total equity:984,058873,846920,151946,825977,052912,683
TOTAL LIABILITIES AND EQUITY:1,820,3361,708,9141,607,3621,581,6151,671,9601,625,370

Income Statement (P&L) ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues809,075389,749274,221315,939333,430158,032
Cost of revenue(93,283)(95,244)(99,221)(95,905)(81,236)(66,465)
Cost of goods and services sold(22,422)(4,744)(4,529)(6,097)(4,416)(5,595)
Other cost of operating revenue (40,173)     
Gross profit:326,043294,505175,001220,034252,19491,568
Operating expenses(81,538)(98,546)(92,233)(106,214)(92,966)(102,009)
Other undisclosed operating income1,9472,4029,6312,2791,8402,480
Operating income (loss):246,451198,36092,399116,100161,069(7,962)
Nonoperating expense(18,245)(25,917)(20,464)(23,535)(49,228)(42,984)
Investment income, nonoperating 6,6253,8093474211,4591,755
Interest and debt expense(20,392)(31,399)(20,120)(26,361)(2,893)(3,136)
Income (loss) from continuing operations:207,815141,04551,81566,204108,948(54,082)
Income (loss) before gain (loss) on sale of properties:51,81566,204108,948(54,082)
Other undisclosed net income 31,39920,12026,3612,8933,136
Net income (loss):207,815172,44471,93592,565111,841(50,946)
Other undisclosed net income attributable to parent 20,392     
Net income (loss) available to common stockholders, diluted:228,207172,44471,93592,565111,841(50,946)

Comprehensive Income ($ in thousands)

3/31/2024
12/31/2023
TTM
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):207,815172,44471,93592,565111,841(50,946)
Comprehensive income (loss), net of tax, attributable to parent:207,815172,44471,93592,565111,841(50,946)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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