10-Q Filing

DORIAN LPG LTD. CIK: 1596993 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001596993-18-000022`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	lpg-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 35 Cash Flow Statement 61 Stockholders Equity 14

Balance Sheet 86 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`	$65.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.51M	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$10.54K	USD	Point-in-time
Trade receivables, net and accrued revenues	`AccountsReceivableNetCurrent`	$336.16K	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
Prepaid expenses and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$2.47M	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`	$2.78M	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`	$26.88M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$32.81M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	58.64M	shares	Point-in-time
Inventories	`InventoryNet`	$2.83M	USD	Point-in-time
Inventories	`InventoryNet`	$2.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$135.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.72M	USD	Point-in-time
Common stock, shares outstanding (net of treasury stock)	`CommonStockSharesOutstanding`	55.16M	shares	Point-in-time
Common stock, shares outstanding (net of treasury stock)	`CommonStockSharesOutstanding`	55.09M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockCommonShares`	3.55M	shares	Point-in-time
Treasury stock, shares at cost	`TreasuryStockCommonShares`	3.69M	shares	Point-in-time
Vessels, net	`VesselsNet`	$1.54B	USD	Point-in-time
Vessels, net	`VesselsNet`	$1.52B	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$167.93K	USD	Point-in-time
Other fixed assets, net	`PropertyPlantAndEquipmentOther`	$203.68K	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$1.54B	USD	Point-in-time
Total fixed assets	`PropertyPlantAndEquipmentNet`	$1.52B	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$1.53M	USD	Point-in-time
Deferred charges, net	`DeferredCosts`	$1.57M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	$15.97M	USD	Point-in-time
Derivative instruments	`DerivativeAssetsNoncurrent`	$14.26M	USD	Point-in-time
Due from related partiesnon-current	`DueFromRelatedPartiesNoncurrent`	$19.80M	USD	Point-in-time
Due from related partiesnon-current	`DueFromRelatedPartiesNoncurrent`	$20.90M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$25.86M	USD	Point-in-time
Restricted cash - non-current	`RestrictedCashAndCashEquivalentsNoncurrent`	$35.64M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$85.64K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$80.35K	USD	Point-in-time
Total assets	`Assets`	$1.70B	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$8.14M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$6.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.83M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$345.51K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$29.71K	USD	Point-in-time
Deferred income	`ContractWithCustomerLiabilityCurrent`	$5.01M	USD	Point-in-time
Deferred income	`ContractWithCustomerLiabilityCurrent`	$5.56M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$63.97M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$65.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.98M	USD	Point-in-time
Long-term debtnet of current portion and deferred financing fees	`LongTermDebtNoncurrent`	$694.04M	USD	Point-in-time
Long-term debtnet of current portion and deferred financing fees	`LongTermDebtNoncurrent`	$677.68M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$651.57K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.17M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$678.86M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$694.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$761.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$776.70M	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, 58,849,713 and 58,640,161 shares issued, 55,157,193 and 55,090,165 shares outstanding (net of treasury stock), as of June 30, 2018 and March 31, 2018, respectively	`CommonStockValue`	$588.50K	USD	Point-in-time
Common stock, $0.01 par value, 450,000,000 shares authorized, 58,849,713 and 58,640,161 shares issued, 55,157,193 and 55,090,165 shares outstanding (net of treasury stock), as of June 30, 2018 and March 31, 2018, respectively	`CommonStockValue`	$586.40K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$859.74M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$858.11M	USD	Point-in-time
Treasury stock, at cost; 3,692,520 and 3,549,996 shares as of June 30, 2018 and March 31, 2018, respectively	`TreasuryStockCommonValue`	$36.36M	USD	Point-in-time
Treasury stock, at cost; 3,692,520 and 3,549,996 shares as of June 30, 2018 and March 31, 2018, respectively	`TreasuryStockCommonValue`	$35.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$135.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$969.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$939.32M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$976.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$959.41M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$27.64M	USD	1 Quarter
Revenues	`Revenues`	$41.03M	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$100.17K	USD	1 Quarter
Voyage expenses	`VoyageExpenses`	$239.44K	USD	1 Quarter
Vessel operating expenses	`VesselOperatingExpenses`	$16.69M	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`	$16.27M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.53M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.40M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$41.95M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$41.45M	USD	1 Quarter
Other incomerelated parties	`OtherOperatingIncome`	$633.88K	USD	1 Quarter
Other incomerelated parties	`OtherOperatingIncome`	$644.52K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-293.45K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-13.17M	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$7.48M	USD	1 Quarter
Interest and finance costs	`InterestAndDebtExpense`	$10.37M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.82K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$460.97K	USD	1 Quarter
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$1.71M	USD	1 Quarter
Unrealized gain/(loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$-2.37M	USD	1 Quarter
Realized gain/(loss) on derivatives	`GainLossOnInterestRateDerivativeInstrumentsInterest`	$-612.86K	USD	1 Quarter
Realized gain/(loss) on derivatives	`GainLossOnInterestRateDerivativeInstrumentsInterest`	$782.57K	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.12M	USD	1 Quarter
Foreign currency loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-68.92K	USD	1 Quarter
Foreign currency loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.26K	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$-6.40M	USD	1 Quarter
Total other income/(expenses), net	`NonoperatingIncomeExpense`	$-7.43M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.60M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.69M	USD	1 Quarter
Weighted average shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.24M	shares	1 Quarter
Weighted average shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	53.88M	shares	1 Quarter
Loss per common sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	1 Quarter
Loss per common sharebasic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.38	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-6.69M	USD	1 Quarter
Net loss	`ProfitLoss`	$-20.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.29M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$1.10M	USD	1 Quarter
Amortization of financing costs	`AmortizationOfFinancingCosts`	$793.21K	USD	1 Quarter
Unrealized (gain)/loss on derivatives	`UnrealizedGainLossOnDerivatives`	$1.71M	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`	$1.63M	USD	1 Quarter
Gain on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.12M	USD	1 Quarter
Unrealized foreign currency (gain)/loss, net	`ForeignCurrencyTransactionGainLossUnrealized`	$75.14K	USD	1 Quarter
Unrealized foreign currency (gain)/loss, net	`ForeignCurrencyTransactionGainLossUnrealized`	$-133.58K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-23.37K	USD	1 Quarter
Other non-cash items	`OtherNoncashIncomeExpense`	$-15.69K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$-8.30K	USD	1 Quarter
Trade receivables, net and accrued revenue	`IncreaseDecreaseInAccountsReceivable`	$-325.62K	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$784.29K	USD	1 Quarter
Prepaid expenses and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$291.35K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$7.03M	USD	1 Quarter
Due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-5.02M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-122.33K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$819.29K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-5.29K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$3.41K	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.43M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.51M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-412.06K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$516.82K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-315.80K	USD	1 Quarter
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$22.05K	USD	1 Quarter
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$395.19K	USD	1 Quarter
Payments for drydocking costs	`IncreaseDecreaseInPaymentsForDrydockingCosts`	$1.41K	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.56M	USD	1 Quarter
Net cash provided by/(used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.41M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.32K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$276.40K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-60.32K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.40K	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$97.00M	USD	1 Quarter
Proceeds from long-term debt borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$65.14M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$82.23M	USD	1 Quarter
Repayment of long-term debt borrowings	`RepaymentsOfLongTermDebt`	$120.74M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$350.28K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$461.49K	USD	1 Quarter
Financing costs paid	`PaymentsOfFinancingCosts`	$2.54M	USD	1 Quarter
Financing costs paid	`PaymentsOfFinancingCosts`	$160.61K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.63M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.71M	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-107.13K	USD	1 Quarter
Effects of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$41.20K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-28.44M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.45M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.44M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.93M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.89M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.37M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.44M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$100.93M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$67.89M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$969.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$939.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$976.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$959.41M	USD	Point-in-time
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-20.60M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.69M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.63M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$1.52M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.13M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$1.08M	USD	1 Quarter
Balance	`StockholdersEquity`	$969.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$939.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$976.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$959.41M	USD	Point-in-time

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