Norwegian Cruise Line Holdings Ltd
NYSE:NCLH
Income Statement
Earnings Waterfall
Norwegian Cruise Line Holdings Ltd
Revenue
|
8.5B
USD
|
Cost of Revenue
|
-5.5B
USD
|
Gross Profit
|
3.1B
USD
|
Operating Expenses
|
-2.2B
USD
|
Operating Income
|
930.9m
USD
|
Other Expenses
|
-764.7m
USD
|
Net Income
|
166.2m
USD
|
Income Statement
Norwegian Cruise Line Holdings Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 570
N/A
|
2 707
+5%
|
2 828
+4%
|
2 937
+4%
|
3 126
+6%
|
3 400
+9%
|
3 720
+9%
|
4 097
+10%
|
4 345
+6%
|
4 484
+3%
|
4 586
+2%
|
4 786
+4%
|
4 874
+2%
|
4 947
+1%
|
5 105
+3%
|
5 272
+3%
|
5 396
+2%
|
5 539
+3%
|
5 717
+3%
|
5 924
+4%
|
6 055
+2%
|
6 165
+2%
|
6 308
+2%
|
6 363
+1%
|
6 462
+2%
|
6 306
-2%
|
4 658
-26%
|
2 751
-41%
|
1 280
-53%
|
36
-97%
|
24
-35%
|
170
+621%
|
648
+281%
|
1 167
+80%
|
2 350
+101%
|
3 812
+62%
|
4 844
+27%
|
6 144
+27%
|
7 162
+17%
|
8 083
+13%
|
8 550
+6%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 658)
|
(1 741)
|
(1 791)
|
(1 846)
|
(1 947)
|
(2 124)
|
(2 310)
|
(2 516)
|
(2 655)
|
(2 696)
|
(2 746)
|
(2 813)
|
(2 850)
|
(2 906)
|
(2 952)
|
(3 005)
|
(3 064)
|
(3 112)
|
(3 223)
|
(3 313)
|
(3 377)
|
(3 436)
|
(3 531)
|
(3 593)
|
(3 663)
|
(3 831)
|
(3 174)
|
(2 374)
|
(1 693)
|
(900)
|
(848)
|
(1 097)
|
(1 608)
|
(2 143)
|
(2 966)
|
(3 765)
|
(4 267)
|
(4 812)
|
(5 122)
|
(5 366)
|
(5 469)
|
|
Gross Profit |
913
N/A
|
966
+6%
|
1 038
+7%
|
1 092
+5%
|
1 179
+8%
|
1 276
+8%
|
1 410
+11%
|
1 581
+12%
|
1 690
+7%
|
1 788
+6%
|
1 840
+3%
|
1 973
+7%
|
2 024
+3%
|
2 042
+1%
|
2 153
+5%
|
2 267
+5%
|
2 333
+3%
|
2 427
+4%
|
2 494
+3%
|
2 610
+5%
|
2 678
+3%
|
2 730
+2%
|
2 776
+2%
|
2 770
0%
|
2 799
+1%
|
2 475
-12%
|
1 484
-40%
|
378
-75%
|
(413)
N/A
|
(864)
-109%
|
(824)
+5%
|
(927)
-13%
|
(960)
-4%
|
(976)
-2%
|
(617)
+37%
|
47
N/A
|
577
+1 135%
|
1 332
+131%
|
2 040
+53%
|
2 716
+33%
|
3 081
+13%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(517)
|
(528)
|
(546)
|
(574)
|
(676)
|
(785)
|
(851)
|
(950)
|
(987)
|
(1 013)
|
(1 055)
|
(1 083)
|
(1 084)
|
(1 128)
|
(1 191)
|
(1 241)
|
(1 277)
|
(1 331)
|
(1 381)
|
(1 424)
|
(1 460)
|
(1 519)
|
(1 549)
|
(1 581)
|
(1 621)
|
(1 671)
|
(1 585)
|
(1 508)
|
(1 463)
|
(1 368)
|
(1 417)
|
(1 485)
|
(1 592)
|
(1 694)
|
(1 845)
|
(2 004)
|
(2 116)
|
(2 172)
|
(2 211)
|
(2 179)
|
(2 150)
|
|
Selling, General & Administrative |
(301)
|
(299)
|
(308)
|
(328)
|
(403)
|
(474)
|
(498)
|
(552)
|
(555)
|
(580)
|
(621)
|
(648)
|
(651)
|
(671)
|
(716)
|
(741)
|
(767)
|
(806)
|
(839)
|
(872)
|
(899)
|
(920)
|
(934)
|
(954)
|
(975)
|
(997)
|
(887)
|
(789)
|
(745)
|
(678)
|
(732)
|
(804)
|
(892)
|
(984)
|
(1 128)
|
(1 274)
|
(1 367)
|
(1 407)
|
(1 430)
|
(1 380)
|
(1 342)
|
|
Depreciation & Amortization |
(216)
|
(229)
|
(238)
|
(246)
|
(273)
|
(312)
|
(353)
|
(399)
|
(432)
|
(433)
|
(433)
|
(435)
|
(433)
|
(450)
|
(469)
|
(492)
|
(510)
|
(522)
|
(540)
|
(549)
|
(561)
|
(600)
|
(615)
|
(628)
|
(646)
|
(675)
|
(698)
|
(719)
|
(718)
|
(690)
|
(685)
|
(681)
|
(701)
|
(710)
|
(717)
|
(730)
|
(749)
|
(765)
|
(781)
|
(799)
|
(809)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(6)
|
(8)
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
396
N/A
|
438
+11%
|
491
+12%
|
518
+5%
|
503
-3%
|
490
-3%
|
559
+14%
|
631
+13%
|
703
+11%
|
775
+10%
|
785
+1%
|
890
+13%
|
940
+6%
|
914
-3%
|
962
+5%
|
1 025
+7%
|
1 056
+3%
|
1 096
+4%
|
1 113
+2%
|
1 187
+7%
|
1 218
+3%
|
1 210
-1%
|
1 227
+1%
|
1 188
-3%
|
1 178
-1%
|
804
-32%
|
(101)
N/A
|
(1 130)
-1 022%
|
(1 876)
-66%
|
(2 231)
-19%
|
(2 241)
0%
|
(2 412)
-8%
|
(2 552)
-6%
|
(2 670)
-5%
|
(2 462)
+8%
|
(1 958)
+20%
|
(1 540)
+21%
|
(840)
+45%
|
(171)
+80%
|
538
N/A
|
931
+73%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(283)
|
(186)
|
(114)
|
(120)
|
(158)
|
(172)
|
(192)
|
(210)
|
(238)
|
(222)
|
(251)
|
(265)
|
(296)
|
(288)
|
(271)
|
(273)
|
(268)
|
(274)
|
(283)
|
(287)
|
(270)
|
(278)
|
(270)
|
(261)
|
(256)
|
(258)
|
(329)
|
(415)
|
(455)
|
(536)
|
(558)
|
(569)
|
(644)
|
(633)
|
(620)
|
(614)
|
(608)
|
(646)
|
(679)
|
(708)
|
(747)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(2)
|
(0)
|
(15)
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
1
|
(6)
|
(7)
|
(7)
|
(17)
|
(1 618)
|
(1 596)
|
(1 589)
|
(1 636)
|
(702)
|
(703)
|
(713)
|
(1 429)
|
(943)
|
(964)
|
(960)
|
(206)
|
(20)
|
(20)
|
(20)
|
(9)
|
|
Total Other Income |
1
|
0
|
(0)
|
4
|
(5)
|
(41)
|
(45)
|
(50)
|
(31)
|
(22)
|
(16)
|
(17)
|
11
|
4
|
(3)
|
(5)
|
(10)
|
(9)
|
9
|
13
|
21
|
22
|
13
|
23
|
6
|
12
|
(6)
|
(40)
|
(34)
|
(12)
|
28
|
56
|
124
|
135
|
140
|
167
|
77
|
38
|
(1)
|
(20)
|
(12)
|
|
Pre-Tax Income |
115
N/A
|
252
+120%
|
377
+49%
|
402
+7%
|
340
-15%
|
277
-19%
|
322
+16%
|
372
+15%
|
434
+17%
|
529
+22%
|
516
-3%
|
608
+18%
|
640
+5%
|
630
-2%
|
687
+9%
|
747
+9%
|
771
+3%
|
812
+5%
|
839
+3%
|
913
+9%
|
969
+6%
|
948
-2%
|
962
+1%
|
943
-2%
|
911
-3%
|
(1 060)
N/A
|
(2 031)
-92%
|
(3 174)
-56%
|
(4 000)
-26%
|
(3 481)
+13%
|
(3 474)
+0%
|
(3 638)
-5%
|
(4 501)
-24%
|
(4 111)
+9%
|
(3 905)
+5%
|
(3 365)
+14%
|
(2 277)
+32%
|
(1 468)
+36%
|
(871)
+41%
|
(211)
+76%
|
163
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(12)
|
(0)
|
(2)
|
3
|
2
|
(8)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(9)
|
(7)
|
(8)
|
(12)
|
(14)
|
(18)
|
(19)
|
(17)
|
(21)
|
(15)
|
22
|
21
|
20
|
19
|
(9)
|
7
|
22
|
(13)
|
(20)
|
(30)
|
(34)
|
(5)
|
(8)
|
(6)
|
5
|
7
|
21
|
20
|
1
|
3
|
|
Income from Continuing Operations |
103
|
252
|
374
|
405
|
343
|
270
|
315
|
363
|
427
|
522
|
509
|
599
|
633
|
622
|
675
|
733
|
752
|
794
|
822
|
891
|
955
|
970
|
983
|
964
|
930
|
(1 069)
|
(2 024)
|
(3 152)
|
(4 013)
|
(3 502)
|
(3 504)
|
(3 673)
|
(4 507)
|
(4 119)
|
(3 911)
|
(3 360)
|
(2 270)
|
(1 447)
|
(851)
|
(210)
|
166
|
|
Income to Minority Interest |
(1)
|
(3)
|
(4)
|
(5)
|
(4)
|
(4)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
102
N/A
|
250
+145%
|
370
+48%
|
400
+8%
|
338
-15%
|
266
-22%
|
313
+18%
|
363
+16%
|
427
+18%
|
522
+22%
|
509
-3%
|
599
+18%
|
633
+6%
|
622
-2%
|
675
+9%
|
733
+9%
|
760
+4%
|
801
+5%
|
829
+4%
|
899
+8%
|
955
+6%
|
970
+2%
|
983
+1%
|
964
-2%
|
930
-3%
|
(1 069)
N/A
|
(2 024)
-89%
|
(3 152)
-56%
|
(4 013)
-27%
|
(3 502)
+13%
|
(3 504)
0%
|
(3 673)
-5%
|
(4 507)
-23%
|
(4 119)
+9%
|
(3 911)
+5%
|
(3 360)
+14%
|
(2 270)
+32%
|
(1 447)
+36%
|
(851)
+41%
|
(210)
+75%
|
166
N/A
|
|
EPS (Diluted) |
0.48
N/A
|
1.18
+146%
|
1.75
+48%
|
1.9
+9%
|
1.6
-16%
|
1.18
-26%
|
1.35
+14%
|
1.56
+16%
|
1.86
+19%
|
2.27
+22%
|
2.22
-2%
|
2.63
+18%
|
2.78
+6%
|
2.73
-2%
|
2.96
+8%
|
3.2
+8%
|
3.31
+3%
|
3.49
+5%
|
3.69
+6%
|
4.03
+9%
|
4.25
+5%
|
4.43
+4%
|
4.53
+2%
|
4.47
-1%
|
4.3
-4%
|
-5
N/A
|
-8.45
-69%
|
-11.61
-37%
|
-15.75
-36%
|
-10.63
+33%
|
-9.47
+11%
|
-9.92
-5%
|
-12.33
-24%
|
-9.86
+20%
|
-9.33
+5%
|
-7.98
+14%
|
-5.41
+32%
|
-3.44
+36%
|
-1.84
+47%
|
-0.41
+78%
|
0.39
N/A
|