2022 Q4 Form 20-F Financial Statement

#000119312523091037 Filed on April 04, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $123.3M $473.8M $132.3M
YoY Change -6.81% 16.56% 51.33%
Cost Of Revenue $67.82M $264.6M $70.11M
YoY Change -3.27% 15.6% 37.31%
Gross Profit $55.47M $209.2M $62.18M
YoY Change -10.8% 17.79% 71.02%
Gross Profit Margin 44.99% 44.16% 47.0%
Selling, General & Admin $8.389M $27.44M $7.756M
YoY Change 8.16% -0.51% 22.53%
% of Gross Profit 15.12% 13.11% 12.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.56M $126.2M $25.69M
YoY Change 18.97% 42.64% 33.78%
% of Gross Profit 55.09% 60.32% 41.31%
Operating Expenses $38.84M $153.3M $33.33M
YoY Change 16.53% 32.49% 30.21%
Operating Profit $16.63M $55.94M $28.85M
YoY Change -42.37% -9.67% 168.11%
Interest Expense -$4.961M $1.479M -$2.938M
YoY Change 68.86% -106.09% -54.73%
% of Operating Profit -29.84% 2.64% -10.18%
Other Income/Expense, Net -$212.0K -$212.0K
YoY Change
Pretax Income $14.71M $60.83M -$38.97M
YoY Change -137.76% -323.24% -1128.23%
Income Tax $4.459M $5.949M $1.188M
% Of Pretax Income 30.3% 9.78%
Net Earnings $9.968M $53.47M -$40.73M
YoY Change -124.47% -272.69% -1365.03%
Net Earnings / Revenue 8.09% 11.29% -30.79%
Basic Earnings Per Share $0.69
Diluted Earnings Per Share $0.13 $0.69 -$526.8K
COMMON SHARES
Basic Shares Outstanding 76.80M 77.23M
Diluted Shares Outstanding 77.56M

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.2M $153.2M $124.2M
YoY Change 23.32% 23.32% 109.48%
Cash & Equivalents $153.2M $153.2M $124.2M
Short-Term Investments
Other Short-Term Assets $22.60M $22.60M $23.15M
YoY Change -2.36% -2.36% 3.35%
Inventory $8.548M $8.548M $13.17M
Prepaid Expenses
Receivables $27.61M $27.61M $38.06M
Other Receivables $16.36M $16.36M $16.74M
Total Short-Term Assets $228.3M $228.3M $215.3M
YoY Change 6.03% 6.03% 57.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.696B $1.696B $1.765B
YoY Change -3.86% -3.86% 13.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $170.5M $170.5M $150.8M
YoY Change 13.07% 13.07% 1.4%
Other Assets $1.372M $1.372M $26.40M
YoY Change -94.8% -94.8% 1219.8%
Total Long-Term Assets $1.868B $1.868B $1.942B
YoY Change -3.79% -3.79% 14.05%
TOTAL ASSETS
Total Short-Term Assets $228.3M $228.3M $215.3M
Total Long-Term Assets $1.868B $1.868B $1.942B
Total Assets $2.097B $2.097B $2.157B
YoY Change -2.81% -2.81% 17.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.773M $7.773M $11.60M
YoY Change -32.99% -32.99% 34.88%
Accrued Expenses $29.30M $29.30M $25.84M
YoY Change 13.38% 13.38% 21.88%
Deferred Revenue $23.11M $18.51M
YoY Change 24.84%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $209.8M $209.8M $148.6M
YoY Change 41.24% 41.24% 126.13%
Total Short-Term Liabilities $270.6M $270.6M $204.7M
YoY Change 32.17% 32.17% 90.99%
LONG-TERM LIABILITIES
Long-Term Debt $596.5M $596.5M $771.0M
YoY Change -22.64% -22.64% 7.04%
Other Long-Term Liabilities $52.17M $52.17M $64.20M
YoY Change -18.73% -18.73% -7.63%
Total Long-Term Liabilities $648.6M $648.6M $835.2M
YoY Change -22.34% -22.34% 5.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $270.6M $270.6M $204.7M
Total Long-Term Liabilities $648.6M $648.6M $835.2M
Total Liabilities $934.2M $934.2M $1.044B
YoY Change -10.48% -10.48% 16.09%
SHAREHOLDERS EQUITY
Retained Earnings $364.0M $316.0M
YoY Change 15.19%
Common Stock $799.0M $798.1M
YoY Change 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.162B $1.162B $1.114B
YoY Change
Total Liabilities & Shareholders Equity $2.097B $2.097B $2.157B
YoY Change -2.81% -2.81% 17.29%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $9.968M $53.47M -$40.73M
YoY Change -124.47% -272.69% -1365.03%
Depreciation, Depletion And Amortization $30.56M $126.2M $25.69M
YoY Change 18.97% 42.64% 33.78%
Cash From Operating Activities $36.78M $130.3M $33.00M
YoY Change 11.47% 32.98% -479.26%
INVESTING ACTIVITIES
Capital Expenditures $42.94M $45.77M -$1.015M
YoY Change -4330.54% -1392.91% 103.0%
Acquisitions
YoY Change
Other Investing Activities $28.39M $81.41M $13.20M
YoY Change 115.1% 122.45% 3199.0%
Cash From Investing Activities -$14.56M $35.64M $12.18M
YoY Change -219.49% 7.81% -12281.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.29M -134.1M -26.78M
YoY Change -13.03% 102.95% -2778.1%
NET CHANGE
Cash From Operating Activities 36.78M 130.3M 33.00M
Cash From Investing Activities -14.56M 35.64M 12.18M
Cash From Financing Activities -23.29M -134.1M -26.78M
Net Change In Cash -1.066M 28.97M 18.40M
YoY Change -105.79% -55.4% -335.85%
FREE CASH FLOW
Cash From Operating Activities $36.78M $130.3M $33.00M
Capital Expenditures $42.94M $45.77M -$1.015M
Free Cash Flow -$6.159M $84.54M $34.01M
YoY Change -118.11% -16.73% -514.77%

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479000
CY2021 nvgs Loss On Repayment Of Senior Bonds
LossOnRepaymentOfSeniorBonds
0
CY2022 nvgs Loss On Repayment Of Senior Bonds
LossOnRepaymentOfSeniorBonds
1102000
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
155000
CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0
CY2022 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
212000
CY2020 us-gaap Investment Income Net
InvestmentIncomeNet
408000
CY2021 us-gaap Investment Income Net
InvestmentIncomeNet
302000
CY2022 us-gaap Investment Income Net
InvestmentIncomeNet
1082000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1279000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-38394000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35033000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
617000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1969000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5949000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
651000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11147000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25794000
CY2020 us-gaap Profit Loss
ProfitLoss
1313000
CY2021 us-gaap Profit Loss
ProfitLoss
-29216000
CY2022 us-gaap Profit Loss
ProfitLoss
54878000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1756000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1748000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1405000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-443000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-30964000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
53473000
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.69
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55885376
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64669567
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77234830
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55885376
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64669567
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77558494
CY2020 us-gaap Profit Loss
ProfitLoss
1313000
CY2021 us-gaap Profit Loss
ProfitLoss
-29216000
CY2022 us-gaap Profit Loss
ProfitLoss
54878000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
86000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-215000
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1399000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-29224000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
54663000
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-357000
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-30972000
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
53263000
CY2020 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1756000
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1748000
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1400000
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1399000
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-29224000
CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
54663000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
939902000
CY2020 us-gaap Income Tax Effects Allocated Directly To Equity Cumulative Effect Of Change In Accounting Principle
IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple
151000
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000
CY2020 us-gaap Profit Loss
ProfitLoss
1313000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
86000
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1244000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
942395000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
202910000
CY2021 us-gaap Profit Loss
ProfitLoss
-29216000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8000
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1372000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1117454000
CY2022 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5485000
CY2022 us-gaap Profit Loss
ProfitLoss
54878000
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-215000
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
864000
CY2022 nvgs Noncontrolling Interest Investment By Non Controlling Interest
NoncontrollingInterestInvestmentByNonControllingInterest
5915000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1173412000
CY2020 us-gaap Profit Loss
ProfitLoss
1313000
CY2021 us-gaap Profit Loss
ProfitLoss
-29216000
CY2022 us-gaap Profit Loss
ProfitLoss
54878000
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2762000
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
791000
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
25124000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
0
CY2022 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-6270000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
76681000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
88486000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
126220000
CY2020 nvgs Expenditures For Dry Docking
ExpendituresForDryDocking
10192000
CY2021 nvgs Expenditures For Dry Docking
ExpendituresForDryDocking
19944000
CY2022 nvgs Expenditures For Dry Docking
ExpendituresForDryDocking
18338000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1245000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1373000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
869000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4654000
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3668000
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3863000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
651000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11147000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25794000
CY2020 nvgs Debt Instrument Redemption Premium Amount
DebtInstrumentRedemptionPremiumAmount
236000
CY2021 nvgs Debt Instrument Redemption Premium Amount
DebtInstrumentRedemptionPremiumAmount
0
CY2022 nvgs Debt Instrument Redemption Premium Amount
DebtInstrumentRedemptionPremiumAmount
0
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
63581000
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020 nvgs Profit From Sale Of Vessel
ProfitFromSaleOfVessel
0
CY2021 nvgs Profit From Sale Of Vessel
ProfitFromSaleOfVessel
0
CY2022 nvgs Profit From Sale Of Vessel
ProfitFromSaleOfVessel
-4721000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8860000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7874000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13661000
CY2020 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
975000
CY2021 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
8007000
CY2022 us-gaap Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
3858000
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1217000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2703000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3958000
CY2020 nvgs Increase Decrease In Accrued Income Prepaid Expense And Other Current Assets
IncreaseDecreaseInAccruedIncomePrepaidExpenseAndOtherCurrentAssets
20771000
CY2021 nvgs Increase Decrease In Accrued Income Prepaid Expense And Other Current Assets
IncreaseDecreaseInAccruedIncomePrepaidExpenseAndOtherCurrentAssets
-36566000
CY2022 nvgs Increase Decrease In Accrued Income Prepaid Expense And Other Current Assets
IncreaseDecreaseInAccruedIncomePrepaidExpenseAndOtherCurrentAssets
9541000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4118000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3211000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10478000
CY2020 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-12075000
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-16412000
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
1204000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
44879000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
97941000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
130308000
CY2020 nvgs Payments To Acquire Vessels And Equipment
PaymentsToAcquireVesselsAndEquipment
2233000
CY2021 nvgs Payments To Acquire Vessels And Equipment
PaymentsToAcquireVesselsAndEquipment
3150000
CY2022 nvgs Payments To Acquire Vessels And Equipment
PaymentsToAcquireVesselsAndEquipment
45719000
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
17354000
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
4000000
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
16183000
CY2022 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
27469000
CY2020 nvgs Payments To Acquire Other Property Plant And Equipment And Intangible
PaymentsToAcquireOtherPropertyPlantAndEquipmentAndIntangible
31000
CY2021 nvgs Payments To Acquire Other Property Plant And Equipment And Intangible
PaymentsToAcquireOtherPropertyPlantAndEquipmentAndIntangible
390000
CY2022 nvgs Payments To Acquire Other Property Plant And Equipment And Intangible
PaymentsToAcquireOtherPropertyPlantAndEquipmentAndIntangible
50000
CY2020 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0
CY2021 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
17477000
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0
CY2020 nvgs Proceeds From Non Controlling Interest As Investing Activity
ProceedsFromNonControllingInterestAsInvestingActivity
0
CY2021 nvgs Proceeds From Non Controlling Interest As Investing Activity
ProceedsFromNonControllingInterestAsInvestingActivity
0
CY2022 nvgs Proceeds From Non Controlling Interest As Investing Activity
ProceedsFromNonControllingInterestAsInvestingActivity
5915000
CY2020 nvgs Proceeds From Sale Of Vessel
ProceedsFromSaleOfVessel
0
CY2021 nvgs Proceeds From Sale Of Vessel
ProceedsFromSaleOfVessel
4530000
CY2022 nvgs Proceeds From Sale Of Vessel
ProceedsFromSaleOfVessel
38762000
CY2020 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
3467000
CY2021 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2407000
CY2022 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
9263000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16151000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
33057000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
35640000
CY2020 nvgs Proceeds From Secured Term Loan Facilities And Revolving Credit Facilities
ProceedsFromSecuredTermLoanFacilitiesAndRevolvingCreditFacilities
51000000
CY2021 nvgs Proceeds From Secured Term Loan Facilities And Revolving Credit Facilities
ProceedsFromSecuredTermLoanFacilitiesAndRevolvingCreditFacilities
18000000
CY2022 nvgs Proceeds From Secured Term Loan Facilities And Revolving Credit Facilities
ProceedsFromSecuredTermLoanFacilitiesAndRevolvingCreditFacilities
139273000
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
185000000
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
0
CY2020 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000
CY2021 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0
CY2022 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0
CY2020 nvgs Issuance Cost Of Refinancing Of Vessel
IssuanceCostOfRefinancingOfVessel
18000
CY2021 nvgs Issuance Cost Of Refinancing Of Vessel
IssuanceCostOfRefinancingOfVessel
0
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1939000
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
26000
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1874000
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
72000
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
CY2020 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
100236000
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
61564000
CY2020 nvgs Repurchase Of Share Capital
RepurchaseOfShareCapital
0
CY2021 nvgs Repurchase Of Share Capital
RepurchaseOfShareCapital
0
CY2022 nvgs Repurchase Of Share Capital
RepurchaseOfShareCapital
5485000
CY2020 nvgs Settlement Of Derivatives
SettlementOfDerivatives
0
CY2021 nvgs Settlement Of Derivatives
SettlementOfDerivatives
0
CY2022 nvgs Settlement Of Derivatives
SettlementOfDerivatives
11322000
CY2020 nvgs Repayment Of Secured Term Loan And Revolving Credit Facilities
RepaymentOfSecuredTermLoanAndRevolvingCreditFacilities
260167000
CY2021 nvgs Repayment Of Secured Term Loan And Revolving Credit Facilities
RepaymentOfSecuredTermLoanAndRevolvingCreditFacilities
77726000
CY2022 nvgs Repayment Of Secured Term Loan And Revolving Credit Facilities
RepaymentOfSecuredTermLoanAndRevolvingCreditFacilities
186430000
CY2020 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
6845000
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
6342000
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
6738000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35381000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-66094000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-134140000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-206000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48000
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2837000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6859000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
64952000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
28971000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
66130000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59271000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124223000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
59271000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124223000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
153194000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
37619000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
33023000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
48600000
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
330000
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
579000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
2438000
CY2022 nvgs Assets Held For Sale Vessel Disposals
AssetsHeldForSaleVesselDisposals
25944000
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
25944000
CY2022Q4 nvgs Number Of Vessels In Fleet
NumberOfVesselsInFleet
53
CY2022Q4 nvgs Exporting Capacity Per Year
ExportingCapacityPerYear
1000000
CY2020 nvgs Impact On Net Income Loss
ImpactOnNetIncomeLoss
300000
CY2020 nvgs Impact On Net Income Loss
ImpactOnNetIncomeLoss
300000
CY2022 nvgs Valuation Of Long Lived Assets
ValuationOfLongLivedAssets
<div style="margin-top: 18pt; margin-bottom: 6pt; font-size: 10pt; font-family: &quot;Times New Roman&quot;; padding-top: 0pt; padding-bottom: 0pt;">(d) Valuation of Vessels </div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; text-indent: 0px; padding-top: 0pt; padding-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Our vessels and capitalized drydocking costs are reviewed for impairment when events or circumstances indicate the carrying amount of the vessel and capitalized drydocking costs may not be recoverable. When such indicators</div></div></div> <div style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 8pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"/></div></div> <div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 0pt; margin-bottom: 6pt; text-indent: 0px; padding-top: 0pt; padding-bottom: 0pt;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">are present, a vessel and the capitalized drydocking costs are tested for recoverability, and we recognize an impairment loss if the sum of the future cash flows (undiscounted and excluding interest charges that will be<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div><div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">recognized as an expense when incurred) expected to be generated by the vessel and the capitalized drydocking costs over their estimated remaining useful life are less than its carrying value.</div></div><div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> If we determine that a vessel’s undiscounted cash flows are less than its carrying value, we record an impairment loss equal to the amount by which its carrying amount exceeds its fair value. Fair value is determined using a discounted cashflow model. The new lower cost basis would result in a lower annual depreciation than before the impairment. At December </div>31<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;">, </div>2022<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;">, the estimated useful lives of the vessels were unchanged at </div>25<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> years, and </div>none<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> of the vessels showed indications of impairment. At December </div>31<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;">, </div>2021<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;">, to reflect the impact of climate change and sustainability on utilization rate, the useful lives of the vessels was updated from </div>30<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> years to </div>25<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> years, resulting in the need for an impairment review. This review determined that </div>eight<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> vessels were impaired and a total impairment loss of $</div>58.2<div style="font-size: 10pt; text-align: center; letter-spacing: 0px; top: 0px;;display:inline;"> million was recorded.</div></div><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin-top: 12pt; margin-bottom: 6pt; text-indent: 0px; padding-top: 0pt; padding-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Judgements regarding the impact of recent geopolitical and macroeconomic events, including the war in Ukraine, increasing rates of inflation and interest, industry trends, and climate change initiatives which may impact economic useful life assumptions, are required in evaluating events or circumstances which indicate the carrying amount of the vessel and capitalized drydocking costs might not be recoverable. A comparison of current carrying values to anticipated future operating cash flows, expectations with respect to future operations and other relevant factors, including judgements and assumptions regarding expected future charter rates and expected future utilization rates, are also considered in this determination. When impairment indicators are present, the estimates and assumptions regarding expected cash flows require considerable judgment and are based upon historical experience, financial forecasts and industry trends and conditions and reflect management’s assumptions and judgements. Future cash flow assumptions also require estimates regarding the remaining useful lives of the vessels and capitalized drydocking costs. When discounted cash flows are required, assumptions are made regarding the discount rate applied to the estimated future cash flows. </div></div></div>
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0
CY2022Q4 nvgs Assets Held For Sale Noncurrent
AssetsHeldForSaleNoncurrent
0
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2020 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
6500000
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
0
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
99009000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(t) Use of Accounting Estimates </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;;text-indent: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">We prepare our consolidated financial statements in accordance with U.S. GAAP, which requires us to make estimates in the application of our accounting policies based on our best assumptions, judgments and opinions. On a regular basis, management reviews the accounting policies, assumptions, estimates and judgments to ensure that our consolidated financial statements are presented fairly and in accordance with U.S. GAAP. However, </div></div></div>
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
25944000
CY2022 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0
CY2021Q4 us-gaap Derivative Instruments In Hedges At Fair Value Net
DerivativeInstrumentsInHedgesAtFairValueNet
0
CY2022Q4 us-gaap Derivative Instruments In Hedges At Fair Value Net
DerivativeInstrumentsInHedgesAtFairValueNet
0
CY2020Q3 us-gaap Description Of Interest Rate Derivative Activities
DescriptionOfInterestRateDerivativeActivities
In July 2020, the Company entered into floating-to-fixed interest rate swap agreements with ING Capital Markets LLC (“ING”) and Societe Generale (“SocGen”) with a termination date of December 31, 2025, to run concurrently with the Terminal Facility. Under these agreements, the notional amounts of the swaps are 80% of the amounts drawn under the Terminal Facility.
CY2022Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
0
CY2020 us-gaap Revenues
Revenues
332495000
CY2021 us-gaap Revenues
Revenues
406481000
CY2022 us-gaap Revenues
Revenues
473792000
CY2022 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
the Company’s 44 operated vessels, (excluding the nine vessels operating within the Unigas Pool) were subject to time charters, 25 of which will expire within one year, five of which will expire within three years, and four of which will expire between three to five years from the balance sheet date.
CY2021 us-gaap Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
the Company’s 45 operated vessels, were subject to time charters, 19 of which were due to expire within one year, two within three years, and five between three to five years)
CY2022Q4 nvgs Vessel Cargo Capacity
VesselCargoCapacity
20700
CY2021 nvgs Assets Held For Sale Reclassification From Property Plant And Equipment
AssetsHeldForSaleReclassificationFromPropertyPlantAndEquipment
25944000
CY2022 nvgs Assets Held For Sale Reclassification From Property Plant And Equipment
AssetsHeldForSaleReclassificationFromPropertyPlantAndEquipment
0
CY2021 nvgs Assets Held For Sale Vessel Disposals
AssetsHeldForSaleVesselDisposals
0
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
5800000
CY2021Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
6100000
CY2021 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
300000
CY2020 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
400000
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
130660000
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
148665000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
150209000
CY2020 nvgs Contributions To Equity Method Investments
ContributionsToEquityMethodInvestments
17000000
CY2021 nvgs Contributions To Equity Method Investments
ContributionsToEquityMethodInvestments
4000000
CY2022 nvgs Contributions To Equity Method Investments
ContributionsToEquityMethodInvestments
0
CY2021 nvgs Equity Method Investment Additions
EquityMethodInvestmentAdditions
2580000
CY2022 nvgs Equity Method Investment Additions
EquityMethodInvestmentAdditions
0
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
651000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11147000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
25794000
CY2021 nvgs Dividend Distribution From Joint Venture
DividendDistributionFromJointVenture
-16183000
CY2022 nvgs Dividend Distribution From Joint Venture
DividendDistributionFromJointVenture
-27469000
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
354000
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
148665000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
150209000
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
148534000
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
44800000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
151586000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
212382000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
229460000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
80840000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
209633000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
250432000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
92381000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
65032000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
50403000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
28909000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
82479000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
124452000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
815942000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
762047000
CY2021Q4 nvgs Long Term Debt Gross Current
LongTermDebtGrossCurrent
151586000
CY2022Q4 nvgs Long Term Debt Gross Current
LongTermDebtGrossCurrent
101558000
CY2021Q4 nvgs Long Term Debt Gross Non Current
LongTermDebtGrossNonCurrent
664356000
CY2022Q4 nvgs Long Term Debt Gross Non Current
LongTermDebtGrossNonCurrent
660489000
CY2022 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0091
CY2021Q4 nvgs Long Term Debt Gross Current
LongTermDebtGrossCurrent
151586000
CY2022Q4 nvgs Long Term Debt Gross Current
LongTermDebtGrossCurrent
101558000
CY2021Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
3016000
CY2022Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
2549000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
148570000
CY2021Q4 nvgs Long Term Debt Noncurrent Excluding Due To Related Parties
LongTermDebtNoncurrentExcludingDueToRelatedParties
604790000
CY2022Q4 nvgs Long Term Debt Noncurrent Excluding Due To Related Parties
LongTermDebtNoncurrentExcludingDueToRelatedParties
612349000
CY2021Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
54877000
CY2022Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
48140000
CY2021Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4689000
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4011000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
654978000
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
656478000
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
500000
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
2000000
us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
financial covenants (each as defined within the bond agreement governing the 2020 Bonds (the “2020 Bond Agreement”)) are: (a) The issuer shall ensure that the Group (meaning “the Company and its subsidiaries”) maintains a minimum liquidity of no less than $35.0 million; and (b) maintain a Group equity ratio (as defined in the 2020 Bond Agreement) of at least 30%. As of December 31, 2022, the Company complied with all covenants for the 2020 Bonds.
CY2022 us-gaap Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
The 2020 Bond Agreement provides that we may declare or pay dividends to shareholders provided that the Company maintains a minimum liquidity of $60.0 million unless an event of default has occurred and is continuing. The 2020 Bond Agreement also limits us and our subsidiaries from, among other things, entering into mergers and divestitures, engaging in transactions with affiliates, or incurring any additional liens which would have a material adverse effect. In addition, the 2020 Bond Agreement includes customary events of default, including those relating to a failure to pay principal or interest, a breach of covenant, false representation and warranty, a cross-default to other indebtedness, the occurrence of a material adverse effect, or our insolvency or dissolution.
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.92
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y21D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
85716
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.83
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
71504
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
10.64
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-443000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-30964000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
53473000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55885376
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64669567
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77234830
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
323664000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55885376
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64669567
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77558494
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
331761
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
344472
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3000000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
306242
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.54
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P0Y11M4D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
100263
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.99
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
286895
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
10.66
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
16123
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
8.89
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
103487
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
2006
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
9.11
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
115693
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.16
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y14D
CY2022 us-gaap Restricted Stock Expense
RestrictedStockExpense
799902
CY2021 us-gaap Restricted Stock Expense
RestrictedStockExpense
1373292
CY2020 us-gaap Restricted Stock Expense
RestrictedStockExpense
1321205
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
339936
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.4
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
29080
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.45
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
310856
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.37
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.24
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
27200
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
320856
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.99
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
320856
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
21.08
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y10M20D
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14240
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77364
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
310856
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
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0
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 nvgs Statutory Income Tax Expense Benefit
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CY2021 nvgs Incometaxexpensebenefitwithholding Taxes
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CY2022 nvgs Incometaxexpensebenefitwithholding Taxes
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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