Dorian LPG (LPG) FY2020 results: revenue $333 million, up 111.0% on the year
Dorian LPG Ltd. (LPG) reported revenue of $333 million for fiscal 2020, the year ended 31 March 2020, up 111.0% on the year before. Net income was $112 million, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 12 June 2020.
Revenue
$333 million
+111.0% on the year
FY2015FY2020
Operating margin
48.3%
-5.0% a year earlier
FY2015FY2020
Net income
$112 million
FY2015FY2020
Diluted EPS
$2.07
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
333
158
159
+111.0%
Operating income
161
-8.0
3.8
Operating margin
48.3%
-5.0%
2.4%
Interest expense
32.4
36.6
27.4
-11.7%
Net income
112
-50.9
-20.4
Net margin
33.5%
-32.2%
-12.8%
Diluted EPS
$2.07
-$0.93
-$0.38
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
169
8.9
57.2
+1,802.8%
Capital expenditure
19.9
4.0
0.3
+400.5%
Free cash flow
149
4.9
57.0
+2,937.4%
Free cash flow margin
44.7%
3.1%
35.7%
Cash from investing
-33.1
-4.5
-0.4
Cash from financing
-115
-67.0
4.7
Depreciation and amortisation
66.3
65.2
65.3
+1.6%
Share-based compensation
3.2
5.5
5.1
-41.1%
Buybacks
50.6
1.3
1.2
+3,765.7%
Diluted shares, weighted
54m
55m
54m
-0.7%
Shares outstanding at period end
51m
55m
55m
-7.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
977
913
959
+7.1%
Debt
635
696
759
-8.8%
Operating lease liabilities
17.7
n/a
n/a
Other liabilities
42.3
16.6
17.6
+154.8%
Total liabilities and equity
1,672
1,625
1,736
+2.9%
Fixed assets
1,438
1,479
1,539
-2.8%
Investments
14.9
0.6
n/a
+2,387.4%
Cash and equivalents
48.4
30.8
104
+56.9%
Receivables
0.8
1.4
0.3
-40.7%
Inventory
2.0
2.1
2.0
-5.5%
Other assets
168
112
90.9
+50.3%
Total assets
1,672
1,625
1,736
+2.9%
10-K for the year ended 31 March 2020, filed 12 June 2020: the filing.