Dorian LPG (LPG) FY2021 results: revenue $316 million, down 5.2% on the year
Dorian LPG Ltd. (LPG) reported revenue of $316 million for fiscal 2021, the year ended 31 March 2021, down 5.2% on the year before. Net income was $93 million, down 17.2%, and diluted earnings per share $1.86. The figures are the company's own, from the 10-K it filed with the SEC on 2 June 2021.
Revenue
$316 million
-5.2% on the year
FY2015FY2021
Operating margin
36.7%
48.3% a year earlier
FY2015FY2021
Net income
$93 million
-17.2% on the year
FY2015FY2021
Diluted EPS
$1.86
-10.1% on the year
FY2015FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
316
333
158
-5.2%
Operating income
116
161
-8.0
-27.9%
Operating margin
36.7%
48.3%
-5.0%
Interest expense
21.7
32.4
36.6
-33.0%
Net income
92.6
112
-50.9
-17.2%
Net margin
29.3%
33.5%
-32.2%
Diluted EPS
$1.86
$2.07
-$0.93
-10.1%
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
171
169
8.9
+0.9%
Capital expenditure
9.5
19.9
4.0
-52.3%
Free cash flow
161
149
4.9
+8.0%
Free cash flow margin
51.0%
44.7%
3.1%
Cash from investing
1.0
-33.1
-4.5
Cash from financing
-174
-115
-67.0
Depreciation and amortisation
68.5
66.3
65.2
+3.3%
Share-based compensation
3.4
3.2
5.5
+4.0%
Buybacks
126
50.6
1.3
+149.3%
Diluted shares, weighted
50m
54m
55m
-7.9%
Shares outstanding at period end
41m
51m
55m
-18.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
947
977
913
-3.1%
Debt
591
635
696
-6.9%
Operating lease liabilities
8.1
17.7
n/a
-54.2%
Other liabilities
35.2
42.3
16.6
-16.7%
Total liabilities and equity
1,582
1,672
1,625
-5.4%
Fixed assets
1,377
1,438
1,479
-4.2%
Investments
n/a
14.9
0.6
Cash and equivalents
79.3
48.4
30.8
+63.9%
Receivables
0.2
0.8
1.4
-75.4%
Inventory
2.0
2.0
2.1
+0.6%
Other assets
123
168
112
-26.8%
Total assets
1,582
1,672
1,625
-5.4%
10-K for the year ended 31 March 2021, filed 2 June 2021: the filing.