10-Q Filing

DORIAN LPG LTD. CIK: 1596993 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001596993-17-000015`
Period End Date	20170630
Filing Date	20170731
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	lpg-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 41 Cash Flow Statement 62 Stockholders Equity 14

Balance Sheet 89 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.41M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.36M	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$2.73K	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$11.03K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.90M	USD	Point-in-time
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$2.69M	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
Due from related parties	`DueFromRelatedPartiesCurrent`	$42.46M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$37.44M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.34M	shares	Point-in-time
Inventories	`InventoryNet`	$2.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$77.95M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.97M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$63.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.11M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockCommonShares`	3.37M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockCommonShares`	3.51M	shares	Point-in-time
Vessels, net	`VesselsNet`	$1.60B	USD	Point-in-time
Vessels, net	`VesselsNet`	$1.59B	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$246.63K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$317.35K	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$1.60B	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$1.59B	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$1.88M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$1.90M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	$3.88M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	$5.84M	USD	Point-in-time
Due from related partiesnon-current	`DueFromRelatedPartiesNoncurrent`	$19.80M	USD	Point-in-time
Due from related partiesnon-current	`DueFromRelatedPartiesNoncurrent`	$19.80M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$50.87M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$18.08M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$78.88K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$75.47K	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$7.08M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$4.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.41M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.39M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$33.21K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$11.16K	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$7.31M	USD	Point-in-time
Deferred income	`DeferredRevenueCurrent`	$7.61M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$45.66M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$65.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.77M	USD	Point-in-time
Long-term debtnet of current portion and deferred financing fees	`LongTermDebtNoncurrent`	$683.99M	USD	Point-in-time
Long-term debtnet of current portion and deferred financing fees	`LongTermDebtNoncurrent`	$674.67M	USD	Point-in-time
Derivative instruments	`DerivativeLiabilitiesNoncurrent`	$410.77K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$532.32K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$482.69K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$675.61M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$684.47M	USD	Point-in-time
Total liabilities	`Liabilities`	$770.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$739.78M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none issued nor outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,610,665 and 58,342,201 shares issued, 55,105,318 and 54,974,526 shares outstanding (net of treasury stock), as of June 30, 2017 and March 31, 2017, respectively	`CommonStockValue`	$583.42K	USD	Point-in-time
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,610,665 and 58,342,201 shares issued, 55,105,318 and 54,974,526 shares outstanding (net of treasury stock), as of June 30, 2017 and March 31, 2017, respectively	`CommonStockValue`	$586.11K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$852.97M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$854.50M	USD	Point-in-time
Treasury stock, at cost; 3,505,347 and 3,367,675 shares as of June 30, 2017 and March 31, 2017, respectively	`TreasuryStockCommonValue`	$33.90M	USD	Point-in-time
Treasury stock, at cost; 3,505,347 and 3,367,675 shares as of June 30, 2017 and March 31, 2017, respectively	`TreasuryStockCommonValue`	$34.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$149.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$156.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$976.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$985.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$969.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$973.88M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net pool revenuesrelated party	`PoolRevenue`	$28.48M	USD	1 Quarter
Net pool revenuesrelated party	`PoolRevenue`	$37.66M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenue`	$12.56M	USD	1 Quarter
Time charter revenues	`TimeCharterRevenue`	$12.53M	USD	1 Quarter
Other revenues, net	`OtherSalesRevenueNet`	$-14.54K	USD	1 Quarter
Other revenues, net	`OtherSalesRevenueNet`	$324.04K	USD	1 Quarter
Total revenues	`Revenues`	$50.52M	USD	1 Quarter
Total revenues	`Revenues`	$41.03M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$755.80K	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$239.44K	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$16.10M	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$16.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.19M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.53M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.61M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$41.95M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$38.66M	USD	1 Quarter
Other incomerelated party	`OtherOperatingIncome`	$633.88K	USD	1 Quarter
Other incomerelated party	`OtherOperatingIncome`	$552.90K	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$-293.45K	USD	1 Quarter
Operating income/(loss)	`OperatingIncomeLoss`	$12.41M	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$7.48M	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$7.04M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.82K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.18K	USD	1 Quarter
Unrealized loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-4.37M	USD	1 Quarter
Unrealized loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-2.37M	USD	1 Quarter
Realized loss on derivatives	`GainLossOnInterestRateDerivativeInstrumentsInterest`	$-2.26M	USD	1 Quarter
Realized loss on derivatives	`GainLossOnInterestRateDerivativeInstrumentsInterest`	$-612.86K	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.12M	USD	1 Quarter
Foreign currency loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-62.71K	USD	1 Quarter
Foreign currency loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-68.92K	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$-6.40M	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$-13.70M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.69M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.29M	USD	1 Quarter
Loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Loss per common share basic (in dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Loss per common share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Loss per common share diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.69M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.29M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$948.41K	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$1.10M	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-4.37M	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-2.37M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.52M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.01M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.12M	USD	1 Quarter
Unrealized foreign currency (gain)/loss, net	`ForeignCurrencyTransactionGainLossUnrealized`	$-88.07K	USD	1 Quarter
Unrealized foreign currency (gain)/loss, net	`ForeignCurrencyTransactionGainLossUnrealized`	$75.14K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-20.95K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-15.69K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$-18.48K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$-8.30K	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$35.83K	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$784.29K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-5.02M	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-8.83M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-156.03K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-122.33K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.41K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-608.00	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.51M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-212.47K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-198.14K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$516.82K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$22.05K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-115.93K	USD	1 Quarter
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$395.19K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.41M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.24M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$276.40K	USD	1 Quarter
Restricted cash deposits	`IncreaseInRestrictedCash`	$1.00K	USD	1 Quarter
Restricted cash released	`DecreaseInRestrictedCash`	$32.80M	USD	1 Quarter
Payments to acquire other fixed assets	`PaymentsToAcquireOtherProductiveAssets`	$606.00	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$32.52M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$97.00M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$15.66M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$120.74M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$11.85M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$350.28K	USD	1 Quarter
Financing costs paid	`PaymentsOfFinancingCosts`	$2.54M	USD	1 Quarter
Financing costs paid	`PaymentsOfFinancingCosts`	$42.05K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.63M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.55M	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-77.91K	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.20K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$909.24K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.34M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.02M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$46.41M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.32M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.36M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.02M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$46.41M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$47.32M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.36M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$976.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$985.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$969.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$973.88M	USD	Point-in-time
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.69M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.29M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.42M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.52M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.08M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$11.85M	USD	1 Quarter
Balance	`StockholdersEquity`	$976.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$985.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$969.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$973.88M	USD	Point-in-time

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