DORIAN LPG LTD. (LPG) [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Other revenues, net					0.3	0.1	0.9
Voyage charter revenue						2.1	1.3
Revenue Guidance in Effect before Topic 606						159.3	167.4
Net pool revenues - related party	364.5	246.3	292.7	298.1	120.0
Other	25.2	27.9	23.3	35.4	37.7
Total revenues	389.7	274.2	315.9	333.4	158.0	159.3	167.4	289.2
Revenue growth [+]	42.1%	-13.2%	-5.2%	111.0%	-0.8%	-4.8%	-42.1%	177.7%
Other revenues, net					120.9%	-85.7%
Voyage charter revenue						59.5%
Revenue Guidance in Effect before Topic 606						-4.8%
Net pool revenues - related party	48.0%	-15.8%	-1.8%	148.4%
Time charter revenues	1.5%	14.8%	-42.9%	-9.6%
Cost of goods sold	42.1	45.0	44.0	42.7	41.6	42.8	43.7	31.4
Gross profit	347.6	229.3	271.9	290.7	116.4	116.5	123.7	257.8
Gross margin	89.2%	83.6%	86.1%	87.2%	73.6%	73.1%	73.9%	89.1%
Selling, general and administrative [+]	32.1	30.2	33.9	23.4	24.4	26.2	21.7	29.8
General and administrative	32.1	30.2	33.9	23.4	24.4	26.2	21.7	29.8
Research and development
Other operating expenses	53.8	33.0	53.5	40.1	24.7	21.2	22.9	25.8
EBITDA [+]	261.8	166.1	184.6	227.3	67.3	69.2	79.1	202.1
EBITDA growth	57.6%	-10.0%	-18.8%	238.0%	-2.8%	-12.5%	-60.9%	343.1%
EBITDA margin	67.2%	60.6%	58.4%	68.2%	42.6%	43.4%	47.2%	69.9%
Depreciation and amortization	63.4	66.4	68.5	66.3	65.2	65.3	65.1	42.6
EBIT [+]	198.4	99.7	116.1	161.1	2.1	3.8	14.0	159.5
EBIT growth	99.0%	-14.2%	-27.9%	7716.2%	-46.4%	-72.5%	-91.2%	406.1%
EBIT margin	50.9%	36.3%	36.7%	48.3%	1.3%	2.4%	8.4%	55.2%
Non-recurring items [+]		7.3			10.0			1.1
Loss (gain) on sale of assets		7.3						1.1
Interest expense, net [+]	34.0	26.7	27.2	34.6	38.9	35.2	28.8	12.6
Interest expense	37.8	27.1	27.6	36.1	40.6	35.7	29.0	12.8
Interest income	3.8	0.3	0.4	1.5	1.8	0.4	0.1	0.1
Other income (expense), net [+]	8.1	6.3	3.6	-14.6	-4.1	11.0	13.4	-16.1
Gain (loss) on debt retirement						4.1
Unrealized gain/loss on derivatives	2.8	11.1	7.2	-18.2	-7.8	8.4	27.5	-8.9
Gain (loss) on foreign currency transactions								-0.3
Other	1.5	-1.4	1.0	0.8	-0.1	-0.2	-0.3
Pre-tax income	172.4	71.9	92.6	111.8	-50.9	-20.4	-1.4	129.7
Income taxes	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net income	172.4	71.9	92.6	111.8	-50.9	-20.4	-1.4	129.7
Net margin	44.2%	26.2%	29.3%	33.5%	-32.2%	-12.8%	-0.9%	44.8%

Basic EPS [+]	$4.31	$1.79	$1.86	$2.08	($0.93)	($0.38)	($0.03)	$2.29
Growth	140.8%	-3.9%	-10.3%	-322.1%	147.6%	1316.0%	-101.2%	409.1%
Diluted EPS [+]	$4.29	$1.78	$1.86	$2.07	($0.93)	($0.38)	($0.03)	$2.29
Growth	140.6%	-4.1%	-10.1%	-321.1%	147.6%	1316.0%	-101.2%	408.7%

Dividends per share [+]	$5.50	$2.00
Growth	175.0%

Shares outstanding (basic) [+]	40.0	40.2	49.7	53.9	54.5	54.0	54.1	56.7
Growth	-0.4%	-19.2%	-7.7%	-1.2%	0.9%	-0.1%	-4.6%	0.8%
Shares outstanding (diluted) [+]	40.2	40.4	49.8	54.1	54.5	54.0	54.1	56.7
Growth	-0.4%	-19.0%	-7.9%	-0.7%	0.9%	-0.1%	-4.6%	0.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.