Dorian LPG Ltd. (LPG) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
27 SIGNAL ROAD STAMFORD, CT 06878 |
| 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 millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 116 | 79 | 63 | 31 | 104 | 17 | 46 | ||
| Cash and cash equivalents | 116 | 79 | 48 | 31 | 104 | 17 | 46 | ||
| Short-term investments | 15 | ||||||||
| Restricted cash and investments | 5 | 3 | |||||||
| Receivables | 47 | 56 | 68 | 46 | 27 | 42 | 55 | ||
| Inventory, net of allowances, customer advances and progress billings | 2 | 2 | 2 | 2 | 2 | 3 | 2 | ||
| Inventory | 2 | 2 | 2 | 2 | 2 | 3 | 2 | ||
| Assets held-for-sale, not part of disposal group | 43 | ||||||||
| Other undisclosed current assets | 8 | 10 | 3 | 4 | 2 | 2 | 2 | ||
| Total current assets: | 217 | 153 | 140 | 83 | 135 | 64 | 106 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11 | 18 | 27 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,269 | 1,377 | 1,438 | 1,479 | 1,539 | 1,604 | 1,668 | ||
| Long-term investments and receivables | 21 | 23 | 23 | 20 | 20 | 20 | 18 | ||
| Due from related parties | 21 | 23 | 23 | 20 | 20 | 20 | 18 | ||
| Derivative instruments and hedges | 6 | 14 | 6 | ||||||
| Restricted cash and investments | 0 | 0 | 36 | 36 | 26 | 51 | 51 | ||
| Deferred costs | 11 | 10 | 7 | 2 | 2 | 2 | 24 | ||
| Other noncurrent assets | 0 | 0 | 2 | 0 | 0 | 0 | 0 | ||
| Total noncurrent assets: | 1,311 | 1,428 | 1,532 | 1,543 | 1,601 | 1,682 | 1,760 | ||
| TOTAL ASSETS: | 1,528 | 1,582 | 1,672 | 1,625 | 1,736 | 1,746 | 1,866 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 13 | 19 | 18 | 11 | 11 | 12 | 17 | ||
| Accounts payable | 9 | 10 | 14 | 7 | 6 | 7 | 7 | ||
| Accrued liabilities | 4 | 9 | 4 | 3 | 5 | 5 | 10 | ||
| Interest and dividends payable | 0 | ||||||||
| Deferred revenue | 2 | 1 | 2 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 70 | 52 | 62 | 64 | 65 | 66 | 66 | ||
| Derivative instruments and hedges, liabilities | 0 | 1 | 3 | ||||||
| Due to related parties | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 6 | 7 | 5 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | 4 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 10 | 10 | |||||||
| Total current liabilities: | 95 | 82 | 85 | 79 | 82 | 86 | 88 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 508 | 548 | 600 | 632 | 694 | 684 | 770 | ||
| Long-term debt, excluding current maturities | 507 | 540 | 582 | 632 | 694 | 684 | 770 | ||
| Operating lease, liability | 1 | 8 | 18 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 2 | 5 | 10 | 1 | 1 | 0 | 22 | ||
| Other liabilities | 2 | 2 | 1 | 1 | 1 | 0 | 0 | ||
| Derivative instruments and hedges, liabilities | 0 | 3 | 9 | 22 | |||||
| Total noncurrent liabilities: | 509 | 553 | 610 | 633 | 695 | 684 | 792 | ||
| Total liabilities: | 604 | 635 | 695 | 713 | 777 | 770 | 880 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 924 | 947 | 977 | 913 | 959 | 976 | 986 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (121) | (100) | (87) | (36) | (35) | (34) | (21) | ||
| Additional paid in capital | 759 | 757 | 867 | 864 | 858 | 853 | 848 | ||
| Retained earnings | 286 | 289 | 197 | 85 | 136 | 156 | 158 | ||
| Total stockholders' equity: | 924 | 947 | 977 | 913 | 959 | 976 | 986 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,528 | 1,582 | 1,672 | 1,625 | 1,736 | 1,746 | 1,866 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 272 | 316 | 333 | 158 | 159 | 167 | 289 | |
| Cost of revenue | (109) | (96) | (81) | (66) | (64) | (67) | (58) | |
| Gross profit: | 163 | 220 | 252 | 92 | 95 | 100 | 231 | |
| Operating expenses | (110) | (106) | (93) | (102) | (94) | (88) | (75) | |
| Other undisclosed operating income | 6 | 2 | 2 | 2 | 3 | 2 | 2 | |
| Operating income (loss): | 60 | 116 | 161 | (8) | 4 | 14 | 158 | |
| Nonoperating expense | (13) | (24) | (49) | (43) | (24) | (15) | (29) | |
| Investment income, nonoperating | (0) | 0 | 1 | 2 | 0 | 0 | (16) | |
| Interest and debt expense | (25) | (26) | (3) | (3) | (36) | (29) | (13) | |
| Income (loss) before gain (loss) on sale of properties: | 22 | 66 | 109 | (54) | (56) | (30) | 117 | |
| Other undisclosed net income | 25 | 26 | 3 | 3 | 36 | |||
| Net income (loss) attributable to parent: | 47 | 93 | 112 | (51) | (20) | (30) | 117 | |
| Other undisclosed net income available to common stockholders, basic | 29 | 13 | ||||||
| Net income (loss) available to common stockholders, diluted: | 47 | 93 | 112 | (51) | (20) | (1) | 130 | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | 3/31/2017 | 3/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 47 | 93 | 112 | (51) | (20) | (30) | 117 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 47 | 93 | 112 | (51) | (20) | (30) | 117 | |
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.