20-F Filing

DORIAN LPG LTD. CIK: 1596993 FY 2013

Filing Information

Form Type	20-F
Accession Number	`0000919574-14-004164`
Period End Date	20140331
Filing Date	20140730
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	lpg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 16 Cash Flow Statement 30 Stockholders Equity 5

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$30.95M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade receivables, net and accrued revenue	`AccountsReceivableNetCurrent`	$1.97M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$343.05K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.37M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$1.64M	USD	Point-in-time
Inventories	`InventoryNet`	$1.06M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.37M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$315.09M	USD	Point-in-time
Vessels, net	`VesselsNet`	$194.83M	USD	Point-in-time
Vessels under construction	`VesselsUnderConstruction`	$323.21M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$60.90K	USD	Point-in-time
Total fixed assets	`FixedAssetsNet`	$518.10M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$2.56M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$4.50M	USD	Point-in-time
Total assets	`Assets`	$840.25M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$2.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.20M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$113.47K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$554.11K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.88M	USD	Point-in-time
Long-term debt-net of current portion	`LongTermDebtNoncurrent`	$119.11M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$14.06M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$133.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$148.05M	USD	Point-in-time
Preferred stock, $.01 par value, 50,000,000 shares authorized, none issued nor outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 450,000,000 shares authorized, 48,365,012 shares issued and outstanding March 31, 2014	`CommonStockValue`	$483.65K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$688.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.83M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$692.20M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$840.25M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$29.63M	USD	3 Qtrs
Voyage expenses	`VoyageExpenses`	$6.67M	USD	3 Qtrs
Vessel operating expenses	`VesselOperatingExpenses`	$8.39M	USD	3 Qtrs
Management fees-related party	`ManagementFeesRelatedParty`	$3.12M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.62M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$433.67K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$25.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.39M	USD	3 Qtrs
Interest and finance costs	`InterestAndDebtExpense`	$1.58M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$428.20K	USD	3 Qtrs
Loss on derivatives-net	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.10M	USD	3 Qtrs
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$697.48K	USD	3 Qtrs
Total other income/(loss), net	`NonoperatingIncomeExpense`	$-1.56M	USD	3 Qtrs
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.83M	USD	3 Qtrs
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	3 Qtrs
Weighted average common shares outstanding,-basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.08M	shares	3 Qtrs

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.62M	USD	3 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$800.81K	USD	3 Qtrs
Unrealized gain on derivatives	`UnrealizedGainLossOnDerivatives`	$2.62M	USD	3 Qtrs
Unrealized exchange differences on cash and cash equivalents	`ForeignCurrencyTransactionGainLossUnrealized`	$8.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.97M	USD	3 Qtrs
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$343.05K	USD	3 Qtrs
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$1.64M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-396.78K	USD	3 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.80M	USD	3 Qtrs
Accrued expenses and deferred income	`IncreaseDecreaseInAccruedExpensesAndDeferredIncome`	$2.04M	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-292.69K	USD	3 Qtrs
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$-385.08K	USD	3 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.24M	USD	3 Qtrs
Payments for vessels and vessels under construction	`PaymentsToAcquirePropertyPlantAndEquipment`	$172.24M	USD	3 Qtrs
Net payments to acquire Predecessor Businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.73M	USD	3 Qtrs
Payments to acquire other fixed assets	`PaymentsToAcquireProductiveAssets`	$15.60K	USD	3 Qtrs
Increase in restricted cash	`IncreaseInRestrictedCash`	$35.45M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-221.43M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$6.51M	USD	3 Qtrs
Financing costs paid	`PaymentsOfFinancingCosts`	$1.52M	USD	3 Qtrs
Cash proceeds from common shares issuances	`ProceedsFromIssuanceOfCommonStock`	$510.50M	USD	3 Qtrs
Payments relating to issuance costs	`PaymentsOfStockIssuanceCosts`	$9.15M	USD	3 Qtrs
Net cash from/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$493.32M	USD	3 Qtrs
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$8.00K	USD	3 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$279.13M	USD	3 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Cash paid during the period for interest	`InterestPaid`	$1.24M	USD	3 Qtrs
Non cash consideration of shares issued to acquire Predecessor businesses and acquisitions of assets	`StockIssued1`	$187.50M	USD	3 Qtrs

Stockholders Equity 5 line items

Line Item	Tag	Value	Unit	Period
Issuance	`StockIssuedDuringPeriodValueNewIssues`	$229.99M	USD	Point-in-time
Issuance	`StockIssuedDuringPeriodValueNewIssues`	$362.20M	USD	Point-in-time
Issuance	`StockIssuedDuringPeriodValueNewIssues`	$97.18M	USD	Point-in-time
Net income/(loss) for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.83M	USD	3 Qtrs
Balance	`StockholdersEquity`	$692.20M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.