NORWEGIAN CRUISE LINE HOLDINGS LTD. NCLH Income Statement

Norwegian cruise line holdings ltd. (NCLH)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Revenue
Total revenue
1,246,882	1,480,618	1,913,851	1,664,277	1,403,630	1,381,193	1,858,356	1,522,174	1,293,403	1,249,553	1,651,738	1,344,103	1,150,781	1,125,137	1,484,736	1,186,835	1,077,632	1,036,523	1,284,910	1,085,433	938,182	788,909	907,017	765,927	664,028	600,345	797,885	644,433	527,631	503,171	674,411	583,234	515,430
Cruise operating expense
Payroll and related
247,147	235,832	235,833	229,385	223,107	224,738	227,707	219,337	209,824	210,130	206,142	194,724	192,636	191,401	193,122	184,476	177,143	175,857	170,694	161,930	157,629	131,261	115,968	106,352	99,066	92,887	90,695	82,809	74,039	72,376	72,961	74,374	73,348
Fuel
125,024	111,875	98,943	100,531	98,253	104,399	99,643	95,212	93,431	94,252	91,231	86,663	88,886	86,645	86,250	80,607	81,672	90,866	88,829	91,581	87,374	89,478	79,881	77,832	79,040	78,324	77,035	75,582	72,498	76,935	69,602	71,615	65,526
Total cruise operating expense
994,260	887,422	990,764	958,424	826,651	817,258	928,944	862,783	768,091	753,439	838,165	752,242	719,798	695,110	784,734	705,900	664,481	657,748	717,722	656,279	623,700	518,620	511,298	470,796	445,910	417,789	456,102	421,079	362,689	344,594	394,071	387,741	352,027
Other operating expense
Marketing, general and administrative
270,689	229,859	255,148	240,901	248,942	208,943	235,436	226,535	227,015	185,841	202,221	193,649	192,044	161,462	174,813	149,307	180,574	143,120	150,558	107,164	154,157	139,585	97,111	83,084	83,389	64,232	77,606	74,111	85,206	60,435	57,779	61,807	71,162
Depreciation and amortization
198,197	163,961	156,215	156,271	169,741	145,412	143,700	140,704	131,244	133,079	134,532	123,141	119,205	115,015	111,575	104,610	101,295	117,733	109,798	104,607	99,976	84,262	63,786	63,459	61,640	56,894	56,097	53,854	48,748	48,637	48,423	46,680	45,797
Impairment loss
1,607,797	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other operating expense
2,076,683	393,820	411,363	397,172	418,683	354,355	379,136	367,239	358,259	318,920	336,753	316,790	311,249	276,477	286,388	253,917	281,869	260,853	260,356	211,771	254,133	223,847	160,897	146,543	145,029	121,126	133,703	127,965	133,954	109,072	106,202	108,487	116,959
Operating income (loss)
-1,824,061	199,376	511,724	308,681	158,296	209,580	550,276	292,152	167,053	177,194	476,820	275,071	119,734	153,550	413,614	227,018	131,282	117,922	306,832	217,383	60,349	46,442	234,822	148,588	73,089	61,430	208,080	95,389	30,988	49,505	174,138	87,006	46,444
Non-operating income (expense)
Interest expense, net
-68,907	-73,207	-60,188	-65,969	-73,503	-68,178	-69,540	-72,988	-59,698	-84,309	-66,339	-64,196	-52,960	-88,023	-60,662	-68,420	-59,754	-68,690	-49,784	-52,446	-50,989	-56,438	-32,284	-31,860	-31,172	540,571	-26,627	-103,686	-127,656	-47,659	-47,196	-48,905	-46,170
Other income (expense), net
5,800	-7,300	10,300	3,600	-400	9,366	100	12,900	-1,666	1,286	-3,262	-5,609	-2,815	4,979	-5,333	-10,753	2,805	-11,079	-1,733	-3,717	-30,139	-14,158	3,242	-325	388	236	-626	429	1,364	-556	1,644	-1,999	3,010
Total non-operating income (expense)
-63,084	-80,485	-49,937	-62,353	-73,937	-58,879	-69,442	-60,066	-61,364	-83,024	-69,601	-69,805	-55,775	-83,044	-65,995	-79,173	-56,949	-79,769	-51,517	-56,163	-81,128	-70,596	-29,042	-32,185	-30,784	-24,397	-27,253	-103,257	-126,292	-48,215	-45,552	-50,904	-43,160
Net income (loss) before income taxes
-1,887,145	118,891	461,787	246,328	84,359	150,701	480,834	232,086	105,689	94,170	407,219	205,266	63,959	70,506	347,619	147,845	74,333	38,153	255,315	161,220	-20,779	-24,154	205,780	116,403	42,305	37,033	180,827	-7,868	-95,304	-	128,586	36,102	-
Income tax benefit
-6,200	-2,363	11,200	6,100	-33,800	-3,933	10,456	5,410	2,534	-4,627	6,527	6,793	2,049	-1,726	5,241	2,599	1,104	-159	3,528	2,726	677	1,494	2,502	3,124	-9,387	626	7,933	1,047	2,196	-	398	71	-
Net income
-	-	-	-	-	-	-	-	103,155	-	400,692	198,473	61,910	72,232	342,378	145,246	73,229	38,312	251,787	158,494	-21,456	-25,648	203,278	113,279	51,692	36,407	172,894	-8,915	-97,500	1,053	128,188	36,031	3,284
Net income attributable to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	2,200	1,663	425	315	2,036	-74	-1,105	-	-	-	-
Net income (loss)
-1,880,972	121,297	450,584	240,190	118,157	-	470,378	226,676	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,609	201,078	111,616	51,267	36,092	170,858	-8,841	-96,395	1,053	128,188	36,031	3,284
Weighted-average shares outstanding
Basic (in shares)
213,630	212,844	214,207	215,426	217,241	219,843	221,511	223,308	227,343	228,496	228,267	227,931	227,468	227,179	227,096	226,972	227,239	228,981	227,384	225,698	224,301	212,750	203,220	204,965	205,163	205,202	204,425	203,997	198,350	178,339	178,252	178,199	178,140
Diluted (in shares)
213,630	214,716	215,499	216,810	218,873	221,345	222,752	224,390	229,187	230,210	229,816	229,090	228,555	227,805	227,598	227,884	228,112	235,356	230,274	230,228	224,301	218,077	208,507	210,472	211,013	223,906	210,703	203,997	198,350	179,139	179,050	178,949	178,954
Earnings (loss) per share
Basic (in dollars per share)
-8.80	0.58	2.10	1.11	0.54	0.69	2.12	1.02	0.45	0.43	1.76	0.87	0.27	0.32	1.51	0.64	0.32	0.18	1.11	0.70	-0.10	-0.14	0.99	0.54	0.25	0.19	0.84	-0.04	-0.49	0.01	0.72	0.20	0.02
Diluted (in dollars per share)
-8.80	0.56	2.09	1.11	0.54	0.68	2.11	1.01	0.45	0.43	1.74	0.87	0.27	0.32	1.50	0.64	0.32	0.18	1.09	0.69	-0.10	-0.13	0.97	0.54	0.24	0.20	0.82	-0.04	-0.49	0.00	0.72	0.20	0.02
Passenger ticket
Total revenue
840,791	990,937	1,373,779	1,179,404	973,273	958,443	1,334,460	1,077,046	889,866	833,299	1,192,023	938,014	786,694	758,549	1,071,815	818,478	740,112	722,542	948,059	787,991	670,483	548,468	650,323	528,782	448,580	383,969	583,923	457,619	358,928	346,692	490,322	416,219	351,330
Onboard and other
Total revenue
406,091	489,681	540,072	484,873	430,357	422,750	523,896	445,128	403,537	416,254	459,715	406,089	364,087	366,588	412,921	368,357	337,520	313,981	336,851	297,442	267,699	240,441	256,694	237,145	215,448	216,376	213,962	186,814	168,703	156,479	184,089	167,015	164,100
Total cruise operating expense
74,973	85,226	122,971	107,063	79,413	67,424	117,747	92,797	70,688	69,039	98,476	83,367	68,411	68,470	90,661	75,790	63,965	62,101	84,171	67,885	58,645	51,220	69,389	55,467	47,924	42,095	61,744	49,316	42,371	37,065	53,641	44,009	39,201
Commissions, transportation and other
Total cruise operating expense
332,368	263,038	330,893	297,691	229,264	229,384	301,349	249,875	218,340	210,778	266,173	223,315	194,140	195,067	249,519	193,536	175,437	175,447	225,586	192,438	171,827	129,006	143,194	114,712	116,810	108,166	140,086	112,985	94,579	88,891	122,331	108,694	90,615
Food
Total cruise operating expense
49,216	56,297	56,913	54,347	55,045	55,246	56,038	54,091	50,656	50,956	53,883	47,340	46,178	48,397	50,902	49,769	51,003	47,672	46,419	43,699	41,851	43,004	44,819	42,734	37,683	35,553	37,596	33,674	29,962	30,644	32,452	31,331	31,380
Other
Total cruise operating expense
165,532	135,154	145,211	169,407	141,569	136,067	126,460	151,471	125,152	118,284	122,260	116,833	129,547	105,130	114,280	121,722	115,261	105,805	102,023	98,746	106,374	74,651	58,047	73,699	65,387	60,764	48,946	66,713	49,240	38,683	43,084	57,718	51,957