Norwegian cruise line holdings ltd. (NCLH)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Cash flows from operating activities
Net income (loss)

-1,068

930

963

983

969

954

899

829

801

759

733

674

621

633

599

508

521

427

363

314

269

342

404

374

252

102

67

22

67

168

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense

672

647

629

618

602

566

555

547

534

521

504

481

462

445

449

447

450

450

419

378

339

304

278

270

259

245

235

226

219

216

0

0

0

Impairment loss

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-0

-26

-28

-30

-31

1

-2

6

8

9

12

2

-1

-2

1

1

1

1

10

3

5

6

-11

2

1

2

0

0

0

-

-

-

-

Loss on derivatives

0

-

-

-

0

-

-

-

0

-

0

2

-12

-0

-5

-1

14

-26

-29

-34

-36

-7

0

0

1

0

-3

-2

-5

-1

0

0

0

Loss on extinguishment of debt

-

-13

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

0

-

-

-

-

36

0

0

0

-

-

-

-

Provision for bad debts and inventory obsolescence

11

3

5

4

5

5

4

4

3

2

3

3

3

3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

100

95

109

112

114

115

112

104

96

87

81

77

69

66

62

59

45

42

32

23

24

14

11

8

6

23

25

24

23

5

0

0

0

Net foreign currency adjustments

1

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premium on debt issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

35

14

22

28

19

15

-8

-0

-1

-15

9

-7

4

20

16

26

17

14

9

2

6

7

8

10

4

3

2

4

3

4

0

0

0

Inventories

-3

6

-0

-1

10

9

17

17

10

17

13

10

10

9

15

10

8

4

-8

-5

-4

0

5

7

5

4

2

7

2

3

0

0

0

Prepaid expenses and other assets

-131

74

-6

-6

43

29

42

75

58

22

11

9

17

13

25

26

11

10

2

7

4

6

18

25

22

15

5

3

-0

3

0

0

0

Accounts payable

289

-58

16

21

3

106

13

7

-0

14

-4

15

18

-5

7

-16

-32

-52

-69

-62

-9

0

1

5

11

7

31

28

-4

-1

0

0

0

Accrued expenses and other liabilities

-108

-29

-49

-14

73

114

124

139

71

55

71

-8

-33

-6

-21

-44

37

-5

-45

-26

-57

-18

64

61

37

25

-35

-28

-43

-3

0

0

0

Advance ticket sales

-380

347

209

208

326

262

283

365

306

154

141

177

209

134

90

164

111

218

199

193

113

-23

61

62

64

55

55

96

40

14

0

0

0

Net cash provided by (used in) operating activities

1,242

1,822

1,835

1,881

1,991

2,075

1,961

1,935

1,777

1,601

1,534

1,435

1,368

1,264

1,157

1,078

1,057

1,042

908

828

722

635

777

741

621

475

420

395

322

398

0

0

0

Cash flows from investing activities
Additions to property and equipment, net

2,032

1,637

821

729

1,637

1,566

1,604

1,558

1,398

1,372

1,305

1,392

1,077

1,092

1,707

1,681

1,180

1,121

430

382

291

964

906

905

1,538

877

909

887

364

303

0

0

0

Cash paid on settlement of derivatives

0

-

-

-

-

-

-

-

-

-

-

-

-

36

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from promissory note

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received on settlement of derivatives

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-4

-3

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,104

-1,680

-851

-744

-1,573

-1,502

-1,536

-1,490

-1,430

-1,404

-1,343

-1,430

-1,113

-1,128

-1,826

-1,800

-1,266

-1,206

-1,262

-1,214

-1,123

-1,796

-923

-923

-1,556

-894

-909

-887

-364

-303

0

0

0

Cash flows from financing activities
Repayments of long-term debt

1,642

3,806

3,365

3,617

3,809

1,716

2,143

1,902

1,704

1,916

2,063

2,278

3,901

3,744

3,348

3,164

1,400

1,569

1,831

1,939

1,907

1,688

929

852

1,558

2,393

2,370

2,349

1,674

859

0

0

0

Repayments to Affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

0

0

0

-

-

-

-

Proceeds from long-term debt

3,738

4,122

3,065

3,111

4,005

1,904

2,090

2,044

1,871

1,816

2,283

2,406

3,785

3,753

4,167

4,079

1,835

1,855

2,382

2,533

2,547

3,107

1,264

1,147

2,562

2,522

2,574

2,569

1,394

800

0

0

0

Proceeds from the issuance of ordinary shares, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

473

0

0

0

-

-

-

-

Proceeds from the exercise of share options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

58

57

5

0

0

0

-

-

-

-

-

-

-

-

Proceeds from employee related plans

28

31

20

21

30

28

28

35

26

30

30

18

15

9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net share settlement of restricted share units

17

20

20

21

20

13

13

25

23

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury shares

-

349

551

401

601

664

0

0

0

-

-

-

-

49

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing fees

28

23

12

13

236

118

204

201

-52

56

-49

-52

-48

-54

-14

-11

13

16

180

112

112

116

43

96

51

57

-10

7

53

49

0

0

0

Net cash provided by (used in) financing activities

1,921

-53

-863

-921

-415

-584

-661

-459

-264

-148

175

67

-190

-122

593

694

242

195

528

495

457

1,189

145

162

918

430

477

509

59

-108

0

0

0

Effect of exchange rates on cash and cash equivalents

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

1,055

89

120

214

2

-12

-236

-14

81

47

367

73

64

12

-74

-26

33

31

174

109

56

28

-1

-19

-16

10

-11

17

17

-13

0

0

0