Dorian LPG Ltd. (LPG) Financial Statements (2025 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)
| 9/30/2024 MRQ | 3/31/2024 | 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 294,039 | 208,460 | 148,797 | 236,759 | 79,330 | 63,313 | |||
| Cash and cash equivalents | 282,508 | 208,460 | 148,797 | 236,759 | 79,330 | 48,390 | |||
| Short-term investments | 11,531 | 14,923 | |||||||
| Restricted cash and investments | 5,316 | 3,370 | |||||||
| Receivables | 53,013 | 113,341 | 76,352 | 58,636 | 56,394 | 67,669 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,393 | 2,573 | 2,642 | 2,266 | 2,007 | 1,996 | |||
| Inventory | 2,393 | 2,573 | 2,642 | 2,266 | 2,007 | 1,996 | |||
| Derivative instruments and hedges, assets | 5,139 | ||||||||
| Other undisclosed current assets | 14,298 | 14,955 | 8,507 | 10,232 | 10,296 | 3,267 | |||
| Total current assets: | 368,882 | 339,329 | 236,299 | 307,893 | 153,343 | 139,615 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 191,700 | 199,554 | 158,179 | 8,087 | 17,672 | 26,862 | |||
| Property, plant and equipment | 1,232,418 | 1,224,029 | 1,263,977 | 1,254,517 | 1,377,177 | 1,437,844 | |||
| Long-term investments and receivables | 9,718 | 32,267 | 19,800 | 23,100 | 23,100 | ||||
| Due from related parties | ✕ | ✕ | ✕ | 20,900 | 19,800 | 23,100 | 23,100 | ||
| Long-term investments | 9,718 | 11,367 | |||||||
| Derivative instruments and hedges | 4,145 | 7,628 | 9,279 | 6,512 | |||||
| Restricted cash and investments | 76 | 77 | 76 | 78 | 81 | 35,629 | |||
| Deferred costs | 12,544 | 12,163 | 8,367 | 9,839 | 10,158 | 7,337 | |||
| Other noncurrent assets | 2,585 | 2,537 | 635 | 83 | 1,573 | ||||
| Other receivable, after allowance for credit loss | 25,300 | 25,300 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 469 | ||||||||
| Total noncurrent assets: | 1,468,768 | 1,481,006 | 1,472,615 | 1,299,469 | 1,428,272 | 1,532,345 | |||
| TOTAL ASSETS: | 1,837,650 | 1,820,336 | 1,708,914 | 1,607,362 | 1,581,615 | 1,671,960 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,134 | 15,605 | 16,445 | 13,837 | 18,597 | 17,634 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 494 | ||||
| Accounts payable | 10,186 | 11,435 | 10,807 | 9,541 | 9,831 | 13,553 | |||
| Accrued liabilities | 3,948 | 4,170 | 5,638 | 3,801 | 8,765 | 4,081 | |||
| Deferred revenue | 487 | 417 | 209 | 814 | 854 | 2,068 | |||
| Debt | 53,543 | 53,433 | 53,111 | 72,076 | 51,820 | 62,269 | |||
| Derivative instruments and hedges, liabilities | 1,101 | 2,605 | |||||||
| Other liabilities | 7 | 160 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 169 | 37 | 118 | 437 | ||
| Other undisclosed current liabilities | 33,641 | 32,835 | 24,663 | 8,073 | 9,591 | ||||
| Total current liabilities: | 101,813 | 102,451 | 94,597 | 94,837 | 82,081 | 85,013 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 551,549 | 564,686 | 604,257 | 590,687 | 547,733 | 599,571 | |||
| Long-term debt, excluding current maturities | 551,549 | 564,686 | 604,257 | 590,687 | 539,652 | 581,919 | |||
| Liabilities, other than long-term debt | 160,755 | 169,140 | 134,782 | 1,686 | 4,976 | 10,324 | |||
| Other liabilities | 1,529 | 1,512 | 1,686 | 1,521 | 1,171 | ||||
| Operating lease, liability | 159,226 | 167,628 | 134,782 | 8,081 | 17,652 | ||||
| Derivative instruments and hedges, liabilities | 3,455 | 9,153 | |||||||
| Other undisclosed noncurrent liabilities | 1,432 | ||||||||
| Total noncurrent liabilities: | 712,304 | 733,826 | 740,471 | 592,374 | 552,709 | 609,895 | |||
| Total liabilities: | 814,117 | 836,277 | 835,067 | 687,211 | 634,790 | 694,908 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,023,533 | 984,058 | 873,846 | 920,151 | 946,825 | 977,052 | |||
| Common stock | 520 | 520 | 516 | 513 | 511 | 591 | |||
| Treasury stock, value | (126,837) | (125,671) | (122,897) | (121,227) | (99,862) | (87,184) | |||
| Additional paid in capital | 772,714 | 770,721 | 764,383 | 760,106 | 756,776 | 866,809 | |||
| Retained earnings | 377,136 | 338,489 | 231,844 | 280,759 | 289,401 | 196,836 | |||
| Total equity: | 1,023,533 | 984,058 | 873,846 | 920,151 | 946,825 | 977,052 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,837,650 | 1,820,336 | 1,708,914 | 1,607,362 | 1,581,615 | 1,671,960 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 560,717 | 809,075 | 389,749 | 274,221 | 315,939 | 333,430 | ||
| Cost of revenue | (126,809) | (93,283) | (95,244) | (99,221) | (95,905) | (81,236) | ||
| Cost of goods and services sold | (6,769) | (22,422) | (4,744) | (4,529) | (6,097) | (4,416) | ||
| Other cost of operating revenue | (40,173) | |||||||
| Gross profit: | 433,908 | 326,043 | 294,505 | 175,001 | 220,034 | 252,194 | ||
| Operating expenses | (107,670) | (81,538) | (98,546) | (92,233) | (106,214) | (92,966) | ||
| Other undisclosed operating income | 2,592 | 1,947 | 2,402 | 9,631 | 2,279 | 1,840 | ||
| Operating income: | 328,830 | 246,451 | 198,360 | 92,399 | 116,100 | 161,069 | ||
| Nonoperating expense | (21,383) | (18,245) | (25,917) | (20,464) | (23,535) | (49,228) | ||
| Investment income, nonoperating | 6,625 | 3,809 | 347 | 421 | 1,459 | |||
| Interest and debt expense | (40,480) | (20,392) | (31,399) | (20,120) | (26,361) | (2,893) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations: | 266,966 | 207,815 | 141,045 | 51,815 | 66,204 | 108,948 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 51,815 | 66,204 | 108,948 | |
| Other undisclosed net income | 40,480 | 31,399 | 20,120 | 26,361 | 2,893 | |||
| Net income: | 307,447 | 207,815 | 172,444 | 71,935 | 92,565 | 111,841 | ||
| Other undisclosed net income attributable to parent | 20,392 | |||||||
| Net income available to common stockholders, diluted: | 307,447 | 228,207 | 172,444 | 71,935 | 92,565 | 111,841 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 307,447 | 207,815 | 172,444 | 71,935 | 92,565 | 111,841 | ||
| Comprehensive income, net of tax, attributable to parent: | 307,447 | 207,815 | 172,444 | 71,935 | 92,565 | 111,841 | ||
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.