← DORIAN LPG LTD.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $172.4m $307.4m $90.2m $193.7m
Net Income (Loss) Attributable to Parent — — — — — — $172.4m $307.4m $90.2m $193.7m
Net Income (Loss) Available to Common Stockholders, Basic ($1.4m) ($20.4m) ($50.9m) $111.8m $92.6m $71.9m $172.4m $307.4m $90.2m $193.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($20.4m) ($50.9m) $111.8m $92.6m $71.9m $172.4m $307.4m $90.2m $193.7m
Depreciation, Depletion and Amortization $65.1m $65.3m $65.2m $66.3m $68.5m $66.4m $63.4m $68.7m $69.6m $71.7m
Amortization of Debt Issuance Costs $3.7m $7.5m $3.1m $2.9m $4.7m $5.9m $5.6m $1.2m $1.2m $1.1m
Depreciation Amortization Depletion — — — — — — $63.4m $68.7m $69.6m $71.7m
Share-based Payment Arrangement, Noncash Expense $4.4m $5.1m $5.5m $3.2m $3.4m $3.3m $4.3m $8.3m $10.4m $11.0m
Share-based Payment Arrangement, Expense — — — — — — — — — $11.0m
Gain (Loss) on Extinguishment of Debt — $4.1m — — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment — — — — — $7.3m — — — —
Operating Lease, Expense — — — $542k $558k $624k $570k — — —
Operating Lease, Lease Income — — — — — $19.2m $38.6m — — —
Other Nonoperating Income (Expense) — — ($62k) $826k $1.0m ($1.4m) $1.5m — — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($96k) $325k $1.0m ($563k) ($619k) $651k $2.4m $926k $1.1m $7.5m
Increase (Decrease) in Inventories $293k ($568k) $99k ($115k) $11k $259k $376k — — —
Increase (Decrease) in Accounts Payable $744k ($562k) $794k $1.5m $212k ($115k) $592k ($1.3m) ($35k) ($1.1m)
Foreign Currency Transaction Gain (Loss), before Tax ($295k) ($234k) — — — — — — — —
Foreign Currency Transaction Gain (Loss), Unrealized ($222k) $64k ($304k) ($312k) $210k ($167k) ($921k) ($285k) $18k $121k
Gain (Loss) on Sale of Derivatives — — — — — — — $7.5m $5.3m $1.8m
General and Administrative Expense $21.7m $26.2m $24.4m $23.4m $33.9m $30.2m $32.1m $39.0m $42.6m $53.0m
Investment Income, Interest $138k $440k $1.8m $1.5m $421k $347k $3.8m — — —
Marketable Securities, Unrealized Gain (Loss) — — — — $1.3m ($1.6m) $1.4m — — —
Nonoperating Income (Expense) ($15.4m) ($24.2m) ($43.0m) ($49.2m) ($23.5m) ($20.5m) ($25.9m) ($21.4m) ($22.5m) ($16.5m)
Payments of Financing Costs $100k $3.1m $628k $41k $4.2m $1.7m $6.5m $408k — $2.3m
Unrealized Gain (Loss) on Derivatives $27.5m $8.4m ($7.8m) ($18.2m) $7.2m $11.1m $2.8m $6k ($5.8m) ($1.2m)
Beginning Cash Position — — — — — — $236.8m $148.9m $282.6m $317.0m
Cash Flow From Continuing Financing Activities — — — — — — ($235.2m) ($219.7m) ($131.3m) ($105.9m)
Cash Flow From Continuing Investing Activities — — — — — — ($76.3m) ($34.8m) ($7.4m) ($93.8m)
Change In Account Payable — — — — — — $592k ($1.3m) ($35k) ($1.1m)
Change In Accrued Expense — — — — — — $2.5m ($1.3m) $1.4m $7.0m
Change In Inventory — — — — — ($259k) ($376k) — — —
Change In Other Current Assets — — — — — ($552k) $166k — — —
Change In Other Current Liabilities — — — — — — ($9.1m) ($28.2m) ($32.5m) ($40.4m)
Change In Payable — — — — — — $723k ($1.4m) ($3k) ($1.1m)
Change In Payables And Accrued Expense — — — — — — $3.2m ($2.8m) $1.4m $5.9m
Change In Prepaid Assets — — — — — ($2.6m) ($54k) — — —
Change In Receivables — — — — — — ($19.1m) $15.4m $2.1m ($56.4m)
Change In Working Capital — — — — — — ($24.9m) ($15.6m) ($29.0m) ($91.0m)
Changes In Account Receivables — — — — — — ($2.7m) ($926k) ($1.1m) ($7.5m)
Changes In Cash — — — — — — ($87.5m) $133.9m $34.4m $10.4m
End Cash Position — — — — — — $148.9m $282.6m $317.0m $327.5m
Financing Cash Flow — — — — — — ($235.2m) ($219.7m) ($131.3m) ($105.9m)
Free Cash Flow — — — — — — $155.3m $355.6m $154.1m $116.3m
Gain Loss On Investment Securities — — — — — — ($2.8m) ($6k) $5.8m $1.2m
Gain Loss On Sale Of PPE — — — — — ($7.3m) $0 $0 — —
Investing Cash Flow — — — — — — ($76.3m) ($34.8m) ($7.4m) ($93.8m)
Issuance Of Capital Stock — — — — — — $0 $0 $89.0m $0
Net Foreign Currency Exchange Gain Loss — — — — — — $921k $285k ($18k) ($121k)
Net PPE Purchase And Sale — — — — — — ($68.8m) ($32.9m) ($18.9m) ($93.8m)
Operating Gains Losses — — — — — — ($1.8m) $280k $5.8m $1.0m
Other Non Cash Items — — — — — — $10.7m $19.3m $26.0m $23.7m
Purchase Of PPE $1.9m $298k $4.0m $19.9m $9.5m $23.2m ($68.8m) ($32.9m) ($18.9m) ($93.8m)
Repurchase Of Capital Stock — — — — — — ($1.7m) ($3.9m) ($6.3m) ($7.0m)
Sale Of PPE — — — — — $90.5m $0 $0 — —
Stock Based Compensation — — — — — — $4.3m $8.3m $10.4m $11.0m
Gain (Loss) on Derivative Instruments, Net, Pretax $27.5m — — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $52.1m $57.2m $8.9m $169.0m $170.6m $118.7m $224.1m $388.4m $173.0m $210.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $1.9m $298k $4.0m $19.9m $9.5m $23.2m $68.8m ($32.9m) ($18.9m) ($93.8m)
Net Investment Purchase And Sale — — — — — — ($7.6m) ($1.9m) $11.6m $0
Purchase Of Investment — — — — — — ($11.3m) ($6.0m) ($214k) $0
Sale Of Investment — — — — — — $3.7m $4.0m $11.8m $0
Net Cash Provided by (Used in) Investing Activities — $24.6m ($4.5m) ($33.1m) $1.0m $68.8m ($76.3m) ($34.8m) ($7.4m) ($93.8m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — $261.0m $65.1m — $55.4m $298.2m $346.0m — — $62.9m
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale — — — — — — — — $11.8m —
Issuance Of Debt — — — — — — $346.0m $0 $0 $62.9m
Long Term Debt Issuance — — — — — — $346.0m $0 $0 $62.9m
Net Issuance Payments Of Debt — — — — — — ($6.5m) ($53.1m) ($53.0m) $8.4m
Net Long Term Debt Issuance — — — — — — ($6.5m) ($53.1m) ($53.0m) $8.4m
Repayments of Long-term Debt $66.3m $252.0m $130.2m $64.0m $99.4m $230.3m $352.5m $53.1m $53.0m $54.5m
Long Term Debt Payments — — — — — — ($352.5m) ($53.1m) ($53.0m) ($54.5m)
Repayment Of Debt — — — — — — ($352.5m) ($53.1m) ($53.0m) ($54.5m)
Proceeds from Issuance of Common Stock — — — — — — — — $89.0m —
Common Stock Issuance — — — — — — $0 $0 $89.0m $0
Net Common Stock Issuance — — — — — — ($1.7m) ($3.9m) $82.7m ($7.0m)
Payments for Repurchase of Common Stock $13.0m $1.2m $1.3m $50.6m $126.3m $21.4m $1.7m $3.9m $6.3m $7.0m
Common Stock Payments — — — — — — ($1.7m) ($3.9m) ($6.3m) ($7.0m)
Dividends paid — — — — — $80.1m $220.6m $162.3m $156.4m $105.0m
Dividends Payable, Current — — — — — $494k $1.3m $1.1m $915k $700k
Dividends Payable — — — — — $494k $1.3m — — —
Cash Dividends Paid — — — — — — ($220.6m) ($162.3m) ($156.4m) ($105.0m)
Common Stock Dividend Paid — — — — — ($80.1m) ($220.6m) — — —
Net Other Financing Charges — — — — — — ($6.5m) ($408k) ($4.6m) ($2.3m)
Net Cash Provided by (Used in) Financing Activities — $4.7m ($67.0m) ($114.7m) ($174.5m) ($35.2m) ($235.2m) ($219.7m) ($131.3m) ($105.9m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — ($253k) ($323k) $206k ($173k) ($450k) ($216k) $7k $136k
Effect Of Exchange Rate Changes — — — — — — ($450k) ($216k) $7k $136k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($62.9m) $20.9m ($2.7m) $152.1m ($88.0m) $133.7m $34.4m $10.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $66.5m $87.4m $84.7m $236.8m $148.9m $282.6m $317.0m $327.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($88.0m) $133.7m $34.4m $10.5m
Interest Paid, Excluding Capitalized Interest, Operating Activities $24.5m $28.0m $36.9m $32.5m $21.8m $20.6m $31.1m $37.9m $32.8m $27.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.