6-K/A Filing

DORIAN LPG LTD. CIK: 1596993 Q2 2014

Filing Information

Form Type	6-K/A
Accession Number	`0000919574-14-006876`
Period End Date	20140930
Filing Date	20141203
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	lpg-20141119.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 47 Cash Flow Statement 59 Stockholders Equity 10

Balance Sheet 78 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, 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.01M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$30.95M	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$1.97M	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$8.23M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.26M	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
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$343.05K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$409.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	57.78M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	57.78M	shares	Point-in-time
Inventories	`InventoryNet`	$1.06M	USD	Point-in-time
Inventories	`InventoryNet`	$3.64M	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
Total current assets	`AssetsCurrent`	$296.56M	USD	Point-in-time
Vessels, net	`VesselsNet`	$345.61M	USD	Point-in-time
Vessels, net	`VesselsNet`	$194.83M	USD	Point-in-time
Vessels under construction	`VesselsUnderConstruction`	$323.21M	USD	Point-in-time
Vessels under construction	`VesselsUnderConstruction`	$352.71M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$142.30K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$60.90K	USD	Point-in-time
Total fixed assets	`FixedAssetsNet`	$698.46M	USD	Point-in-time
Total fixed assets	`FixedAssetsNet`	$518.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$70.80K	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$2.56M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$1.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$4.50M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$4.51M	USD	Point-in-time
Total assets	`Assets`	$1.00B	USD	Point-in-time
Total assets	`Assets`	$840.25M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$2.40M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$5.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.56M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.20M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$113.47K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$484.08K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$554.11K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$788.71K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.61M	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
Total current liabilities	`LiabilitiesCurrent`	$19.81M	USD	Point-in-time
Long-term debt-net of current portion	`LongTermDebtNoncurrent`	$119.11M	USD	Point-in-time
Long-term debt-net of current portion	`LongTermDebtNoncurrent`	$114.30M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$12.41M	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 long-term liabilities	`LiabilitiesNoncurrent`	$126.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$146.51M	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
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, 57,783,494, and 48,365,012 shares issued and outstanding as of September 30, 2014 and March 31, 2014, respectively	`CommonStockValue`	$577.84K	USD	Point-in-time
Common stock, $.01 par value, 450,000,000 shares authorized, 57,783,494, and 48,365,012 shares issued and outstanding as of September 30, 2014 and March 31, 2014, respectively	`CommonStockValue`	$483.65K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$688.88M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$843.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.27M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$854.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$692.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$228.57M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$840.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.00B	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$36.21M	USD	2 Qtrs
Revenues	`Revenues`	$6.06M	USD	1 Quarter
Revenues	`Revenues`	$20.36M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$7.14M	USD	2 Qtrs
Voyage expenses	`VoyageExpenses`	$4.36M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$1.82M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$2.18M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$5.19M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$8.67M	USD	2 Qtrs
Management fees-related party	`ManagementFeesRelatedParty`	$1.12M	USD	2 Qtrs
Management fees-related party	`ManagementFeesRelatedParty`	$872.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.50M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$12.88K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.09M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.30M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$16.88M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$6.57M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$27.54M	USD	2 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$8.68M	USD	2 Qtrs
Operating income/(loss)	`OperatingIncomeLoss`	$-509.73K	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$3.48M	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$215.99K	USD	2 Qtrs
Interest and finance costs	`InterestAndDebtExpense`	$649.86K	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$37.45K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$241.63K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$134.27K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$100.04K	USD	1 Quarter
Gain/(loss) on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.05M	USD	2 Qtrs
Gain/(loss) on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$342.31K	USD	1 Quarter
Gain/(loss) on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-599.15K	USD	1 Quarter
Foreign currency gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$232.94K	USD	1 Quarter
Foreign currency gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-220.60K	USD	2 Qtrs
Foreign currency gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-146.90K	USD	1 Quarter
Total other income/(loss), net	`NonoperatingIncomeExpense`	$292.23K	USD	1 Quarter
Total other income/(loss), net	`NonoperatingIncomeExpense`	$-916.03K	USD	1 Quarter
Total other income/(loss), net	`NonoperatingIncomeExpense`	$-1.24M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.43M	USD	1 Quarter
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.44M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.77M	USD	1 Quarter
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.13	USD	2 Qtrs
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.64M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	57.13M	shares	1 Quarter
Weighted average number of common shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	55.24M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.43M	USD	1 Quarter
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.44M	USD	2 Qtrs
Net income/(loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.68M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$207.96K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$505.18K	USD	2 Qtrs
Unrealized gain on derivatives	`UnrealizedGainLossOnDerivatives`	$366.81K	USD	1 Quarter
Unrealized gain on derivatives	`UnrealizedGainLossOnDerivatives`	$1.66M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$766.52K	USD	2 Qtrs
Unrealized exchange differences on cash and cash equivalents	`ForeignCurrencyTransactionGainLossUnrealized`	$-352.87K	USD	2 Qtrs
Unrealized exchange differences on cash and cash equivalents	`ForeignCurrencyTransactionGainLossUnrealized`	$237.08K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-412.89K	USD	2 Qtrs
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$895.36K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$6.40M	USD	2 Qtrs
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$913.93K	USD	2 Qtrs
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$113.48K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$1.78M	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-1.23M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.59M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$523.55K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$70.80K	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.24M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.06M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.25M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.88M	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$266.30K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$370.62K	USD	2 Qtrs
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$-338.97K	USD	2 Qtrs
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$-165.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$7.92M	USD	2 Qtrs
Payments for vessels and vessels under construction	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.88M	USD	1 Quarter
Payments for vessels and vessels under construction	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.13M	USD	2 Qtrs
Net payments to acquire predecessor businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.73M	USD	1 Quarter
Decrease/(increase) in restricted cash	`IncreaseInRestrictedCash`	$-30.94M	USD	2 Qtrs
Decrease/(increase) in restricted cash	`IncreaseInRestrictedCash`	$71.04M	USD	1 Quarter
Payments to acquire other fixed assets	`PaymentsToAcquireProductiveAssets`	$126.70K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-153.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-99.66M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.70M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$4.81M	USD	2 Qtrs
Financing costs paid	`PaymentsOfFinancingCosts`	$1.46M	USD	1 Quarter
Cash proceeds from common shares issuances	`ProceedsFromIssuanceOfCommonStock`	$167.71M	USD	1 Quarter
Cash proceeds from common shares issuances	`ProceedsFromIssuanceOfCommonStock`	$155.83M	USD	2 Qtrs
Payments relating to issuance costs	`PaymentsOfStockIssuanceCosts`	$1.39M	USD	2 Qtrs
Payments relating to issuance costs	`PaymentsOfStockIssuanceCosts`	$5.47M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$149.64M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$159.07M	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-352.87K	USD	2 Qtrs
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$237.08K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$61.42M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.88M	USD	2 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$61.42M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$283.01M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$61.42M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$283.01M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$854.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$692.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$228.57M	USD	Point-in-time
Net income/(loss) for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.43M	USD	1 Quarter
Net income/(loss) for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$7.44M	USD	2 Qtrs
Net income/(loss) for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.77M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$766.52K	USD	2 Qtrs
Balance	`StockholdersEquity`	$854.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$692.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$228.57M	USD	Point-in-time

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