Dorian LPG (LPG) FY2023 results: revenue $390 million, up 42.1% on the year
Dorian LPG Ltd. (LPG) reported revenue of $390 million for fiscal 2023, the year ended 31 March 2023, up 42.1% on the year before. Net income was $172 million, up 139.7%, and diluted earnings per share $4.29. The figures are the company's own, from the 10-K it filed with the SEC on 2 June 2023.
Revenue
$390 million
+42.1% on the year
FY2016FY2023
Operating margin
50.9%
33.7% a year earlier
FY2016FY2023
Net income
$172 million
+139.7% on the year
FY2016FY2023
Diluted EPS
$4.29
+141.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
224
119
171
+88.8%
Capital expenditure
68.8
23.2
9.5
+196.7%
Free cash flow
155
95.5
161
+62.6%
Free cash flow margin
39.8%
34.8%
51.0%
Cash from investing
-76.3
68.8
1.0
Cash from financing
-235
-35.2
-174
Depreciation and amortisation
63.4
66.4
68.5
-4.6%
Share-based compensation
4.3
3.3
3.4
+28.5%
Buybacks
1.7
21.4
126
-92.2%
Dividends paid
221
80.1
n/a
+175.5%
Dividend per share
$5.50
$2.00
n/a
+175.0%
Diluted shares, weighted
40m
40m
50m
-0.4%
Shares outstanding at period end
40m
40m
41m
+0.5%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
874
920
947
-5.0%
Debt
657
663
591
-0.8%
Operating lease liabilities
135
n/a
8.1
Other liabilities
42.9
24.4
35.2
+75.5%
Total liabilities and equity
1,709
1,607
1,582
+6.3%
Fixed assets
1,264
1,255
1,377
+0.8%
Investments
11.4
n/a
n/a
Cash and equivalents
149
237
79.3
-37.2%
Receivables
3.3
0.9
0.2
+284.8%
Inventory
2.6
2.3
2.0
+16.6%
Other assets
279
113
123
+146.8%
Total assets
1,709
1,607
1,582
+6.3%
10-K for the year ended 31 March 2023, filed 2 June 2023: the filing.