10-Q Filing

DORIAN LPG LTD. CIK: 1596993 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000919574-15-005644`
Period End Date	20150630
Filing Date	20150805
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	lpg-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 39 Cash Flow Statement 59 Stockholders Equity 12

Balance Sheet 82 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$204.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$375.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.72M	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$22.85M	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
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$7.30M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.83M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.78M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$20.28M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$386.74K	USD	Point-in-time
Inventories	`InventoryNet`	$3.38M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.06M	shares	Point-in-time
Inventories	`InventoryNet`	$2.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.06M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$233.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	58.06M	shares	Point-in-time
Vessels, net	`VesselsNet`	$419.98M	USD	Point-in-time
Vessels, net	`VesselsNet`	$656.43M	USD	Point-in-time
Vessels under construction	`VesselsUnderConstruction`	$363.78M	USD	Point-in-time
Vessels under construction	`VesselsUnderConstruction`	$398.18M	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$464.89K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$513.62K	USD	Point-in-time
Total fixed assets	`FixedAssetsNet`	$818.62M	USD	Point-in-time
Total fixed assets	`FixedAssetsNet`	$1.02B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$97.45K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$97.45K	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$17.00M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$13.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$33.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$36.51M	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Total assets	`Assets`	$1.24B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$5.22M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$7.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.65M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.96M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$525.17K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$618.91K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$1.12M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$1.12M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$15.68M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$25.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.20M	USD	Point-in-time
Long-term debt-net of current portion	`LongTermDebtNoncurrent`	$184.67M	USD	Point-in-time
Long-term debt-net of current portion	`LongTermDebtNoncurrent`	$299.58M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$12.73M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$11.34M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$293.66K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$326.58K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$311.25M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$197.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$225.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$353.06M	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, 58,057,493 shares issued and outstanding as of June 30, 2015 and March 31, 2015	`CommonStockValue`	$580.58K	USD	Point-in-time
Common stock, $.01 par value, 450,000,000 shares authorized, 58,057,493 shares issued and outstanding as of June 30, 2015 and March 31, 2015	`CommonStockValue`	$580.58K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$845.44M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$844.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$849.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$887.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$692.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$873.21M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.24B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Voyage charter revenues	`VoyageCharterRevenue`	$14.86M	USD	1 Quarter
Voyage charter revenues	`VoyageCharterRevenue`	$8.19M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenue`	$5.37M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenue`	$7.37M	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$290.19K	USD	1 Quarter
Other revenues	`OtherSalesRevenueNet`	$95.51K	USD	1 Quarter
Total revenues	`Revenues`	$20.33M	USD	1 Quarter
Total revenues	`Revenues`	$15.85M	USD	1 Quarter
Net pool income	`PoolRevenue`	-	USD	1 Quarter
Net pool income	`PoolRevenue`	$15.31M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$2.79M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$3.52M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$3.48M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$6.75M	USD	1 Quarter
Management fees-related party	`ManagementFeesRelatedParty`	$1.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.86M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$792.51K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.21M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$10.65M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$22.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$13.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.20M	USD	1 Quarter
Other income-related party	`RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty`	$383.64K	USD	1 Quarter
Interest and finance costs	`InterestExpenseDebt`	$178.54K	USD	1 Quarter
Interest and finance costs	`InterestExpenseDebt`	$135.80K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$65.58K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$107.36K	USD	1 Quarter
Gain/(loss) on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.39M	USD	1 Quarter
Gain/(loss) on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$142.40K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-105.55K	USD	1 Quarter
Foreign currency gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$9.02K	USD	1 Quarter
Foreign currency gain/(loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-73.69K	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$-1.53M	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$359.29K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.67M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.65M	USD	1 Quarter
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Earnings per common share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.24	USD	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.67M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.86M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$223.74K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$277.43K	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-33.55K	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$1.39M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$8.25K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$896.54K	USD	1 Quarter
Loss on disposal of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-105.55K	USD	1 Quarter
Unrealized exchange differences	`ForeignCurrencyTransactionGainLossUnrealized`	$-120.83K	USD	1 Quarter
Unrealized exchange differences	`ForeignCurrencyTransactionGainLossUnrealized`	$106.40K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-21.18K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$-15.55M	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$3.86M	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$46.30K	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$249.10K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-126.47K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$19.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$444.09K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$505.91K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.21M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.41M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$119.25K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$93.75K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$217.12K	USD	1 Quarter
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$-215.32K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.89M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.48M	USD	1 Quarter
Payments for vessels and vessels under construction	`PaymentsToAcquirePropertyPlantAndEquipment`	$204.08M	USD	1 Quarter
Payments for vessels and vessels under construction	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.19M	USD	1 Quarter
Restricted cash deposits	`IncreaseInRestrictedCash`	$3.30M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$136.66K	USD	1 Quarter
Payments to acquire other fixed assets	`PaymentsToAcquireProductiveAssets`	$79.02K	USD	1 Quarter
Payments to acquire other fixed assets	`PaymentsToAcquireProductiveAssets`	$191.25K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-207.43M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-61.27M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$127.38M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$1.28M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$2.82M	USD	1 Quarter
Proceeds from common shares issuances	`ProceedsFromIssuanceOfCommonStock`	$155.83M	USD	1 Quarter
Financing costs paid	`PaymentsOfFinancingCosts`	$4.22M	USD	1 Quarter
Payments relating to issuance costs	`PaymentsOfStockIssuanceCosts`	$620.93K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$153.93M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$120.34M	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-120.83K	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$94.66K	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$96.02M	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-70.11M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$204.82M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$375.15M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$134.72M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$204.82M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$375.15M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$134.72M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$279.13M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$849.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$887.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$692.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$873.21M	USD	Point-in-time
Net income for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.67M	USD	1 Quarter
Net income for the period	`NetIncomeLossAvailableToCommonStockholdersBasic`	$13.65M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$896.54K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$8.25K	USD	1 Quarter
Balance	`StockholdersEquity`	$849.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$887.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$692.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$873.21M	USD	Point-in-time

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