← Norwegian Cruise Line Holdings Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $633.1m | $759.9m | $954.8m | $930.2m | ($4.0b) | ($4.5b) | ($2.3b) | $166.2m | $910.3m | $423.2m | — | |
| Depreciation, Depletion and Amortization | $445.6m | $521.5m | $567.0m | $647.1m | $739.6m | $758.6m | $810.1m | $883.2m | $973.5m | $1.2b | $1.2b | |
| Amortization of Debt Issuance Costs | $34.7m | $32.5m | $31.4m | $27.5m | $42.2m | $54.4m | $59.3m | $73.5m | $81.6m | $81.6m | — | |
| Amortization of Intangible Assets | $22.2m | $31.2m | $26.2m | $18.5m | $9.9m | — | — | — | — | — | — | |
| Depreciation | — | — | $534.9m | $627.7m | $707.9m | $690.0m | $810.1m | $883.2m | $973.5m | $1.2b | $1.2b | |
| Deferred Income Tax Expense (Benefit) | ($3.7m) | $8.0m | $1.7m | ($26.1m) | $12.8m | $1.9m | ($1.3m) | ($132k) | ($156.1m) | $4.3m | $2.3m | |
| Deferred Income Tax | — | — | — | — | — | — | $0 | $0 | ($155.1m) | $2.3m | $2.3m | |
| Deferred Tax | — | — | — | — | — | — | $0 | $0 | ($155.1m) | $2.3m | $2.3m | |
| Share-based Payment Arrangement, Noncash Expense | $66.4m | $87.0m | $116.0m | $95.1m | $111.3m | $124.1m | $113.6m | $118.9m | $91.8m | $88.4m | $88.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $6.3m | $13.9m | $20.9m | $15.4m | $16.7m | $21.0m | $26.9m | $25.3m | $23.8m | — | |
| Share-based Payment Arrangement, Expense | $66.4m | $87.0m | $116.0m | $95.1m | $111.3m | $124.1m | $113.6m | $118.9m | $91.8m | $88.4m | $88.3m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $1.3b | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | $0 | $317.0m | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Nonoperating Income (Expense) | ($285.2m) | ($278.2m) | ($249.8m) | ($266.7m) | ($515.9m) | ($1.9b) | ($724.9m) | ($767.7m) | ($693.0m) | ($1.1b) | — | |
| Other Nonoperating Income (Expense) | ($8.3m) | ($10.4m) | $20.7m | $6.2m | ($33.6m) | $124.0m | $76.6m | ($40.2m) | $54.2m | ($178.6m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $1.4b | $809.4m | $225.4m | $4.5m | ($60.6m) | |
| Increase (Decrease) in Accounts Receivable | $21.0m | ($15.1m) | $15.9m | $14.1m | ($30.8m) | $1.2b | ($828.7m) | ($39.6m) | ($49.3m) | $73.8m | ($17.5m) | |
| Change In Receivables | — | — | — | — | — | — | $828.7m | $39.6m | $49.3m | ($73.8m) | ($17.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $828.7m | $39.6m | $49.3m | ($73.8m) | ($17.5m) | |
| Increase (Decrease) in Inventories | $9.2m | $17.1m | $9.1m | $6.2m | ($10.6m) | $37.5m | $33.6m | $11.0m | ($7.0m) | ($11.0m) | ($4.4m) | |
| Change In Inventory | — | — | — | — | — | — | ($33.6m) | ($11.0m) | $7.0m | $11.0m | ($4.4m) | |
| Increase (Decrease) in Accounts Payable | ($5.8m) | $14.0m | $106.4m | ($58.6m) | ($21.4m) | $152.0m | ($16.2m) | ($51.0m) | ($20.2m) | ($1.5m) | $36.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $236.6m | ($133.2m) | $45.1m | ($16.9m) | $36.8m | |
| Change In Accrued Expense | — | — | — | — | — | — | $252.8m | ($82.2m) | $65.3m | ($15.3m) | $60.5m | |
| Other Operating Income (Expense), Net | $8.3m | $10.4m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.2b |
$1.6b
+27.92%
|
$2.1b
+30.86%
|
$1.8b
-12.17%
|
($2.6b)
-240.25%
|
($2.5b)
+3.45%
|
$210.0m
+108.51%
|
$2.0b
+855.01%
|
$2.0b
+2.20%
|
$2.1b
+1.95%
|
$2.1b
+0.96%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1b | $1.4b | $1.6b | $1.6b | $946.5m | $752.8m | $1.8b | $2.8b | $1.2b | $3.3b | ($3.3b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $27.3m | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($3.8m) | ($2.7m) | ($12.3m) | ($12.1m) | ($16.2m) | ($10.7m) | $3.2m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $12.1m | $16.2m | $10.7m | ($3.2m) | $1.8m | |
| Net Cash Provided by (Used in) Investing Activities | — | — | ($1.5b) | ($1.7b) | ($975.4m) | ($1.0b) | ($1.8b) | ($2.9b) | ($1.2b) | ($3.3b) | ($3.3b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $27.7m | $23.9m | ($6.3m) | ($13.4m) | ($10.5m) | ($1.4b) | ($188.8m) | ($6.7m) | ($29.2m) | ($272.1m) | — | |
| Repayments of Long-term Debt | $3.7b | $1.9b | $1.7b | $3.8b | $892.5m | $2.1b | $1.8b | $3.8b | $2.2b | $8.2b | ($5.5b) | |
| Proceeds from Issuance of Long-term Debt | $3.8b | $1.8b | $1.9b | $4.1b | $6.1b | $2.6b | $3.0b | $4.3b | $1.3b | $9.7b | $7.0b | |
| Issuance Of Debt | — | — | — | — | — | — | $3.0b | $4.3b | $1.3b | $9.7b | $7.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $3.0b | $4.3b | $1.3b | $9.7b | $7.0b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.8b) | ($3.8b) | ($2.2b) | ($8.2b) | ($5.5b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.2b | $564.7m | ($870.4m) | $1.6b | $1.5b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.2b | $564.7m | ($870.4m) | $1.6b | $1.5b | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.8b) | ($3.8b) | ($2.2b) | ($8.2b) | ($5.5b) | |
| Payments for Repurchase of Common Stock | $50.0m | — | $664.8m | $349.9m | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $1.5b | $2.7b | — | — | — | $145.0m | $81.0m | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $145.0m | $81.0m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $0 | $0 | $145.0m | $81.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($118.4m) | — | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($230.9m) | ($196.3m) | ($136.3m) | ($492.0m) | ($352.7m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($584.8m) |
($53.4m)
+90.87%
|
$6.6b
+12423.39%
|
$1.7b
-74.49%
|
$986.2m
-41.23%
|
$346.9m
-64.83%
|
($1.0b)
-397.55%
|
$1.2b
+215.70%
|
$1.2b
+2.14%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $89.0m | $3.0b | ($1.8b) | ($559.7m) | ($544.6m) | ($211.7m) | $19.1m | $218.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $1.5b | $947.0m | $402.4m | $190.8m | $184.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | $3.3b | $1.5b | $947.0m | $402.4m | $190.8m | $209.9m | $218.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $350.4m | $291.2m | $447.9m | $2.1m | $750.6m | $822.5m | $772.6m | $952.0m | — | |
| Income Taxes Paid, Net | $900k | — | — | — | — | $2.7b | — | — | $4.6b | — | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | ($19.8m) | $7.0m | ($15.9m) | $20.6m | $55.8m | ($28.7m) | $53.3m | ($180.3m) | — | |
| Foreign Currency Transaction Gain (Loss), Realized | $4.5m | — | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | — | $5.5m | $1.9m | ($8.6m) | $9.9m | $10.8m | ($8.2m) | $25.8m | ($135.4m) | — | |
| Goodwill | $1.4b | $1.4b | $1.4b | $1.4b | $98.1m | $98.1m | $98.1m | $98.1m | $135.8m | $135.8m | $0 | |
| Income Tax Expense (Benefit) | $7.2m | $10.7m | $14.5m | ($18.9m) | $12.5m | $5.3m | ($6.8m) | ($3.0m) | ($137.3m) | $5.5m | — | |
| Operating Expenses | $1.1b | $1.3b | $1.5b | $1.6b | $3.1b | $1.6b | $2.1b | $2.2b | $2.3b | $2.6b | — | |
| Operating Lease, Lease Income | — | — | — | $446k | $173k | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($96.0m) | ($36.8m) | $30.1m | $8.9m | — | — | — | — | — | — | — | |
| Payments of Financing Costs | $48.9m | $56.2m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $6.7m | — | — | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $6.1b | $6.5b | $1.3b | $648.0m | $4.8b | $8.5b | $9.5b | $9.8b | — | |
| Unrealized Gain (Loss) on Derivatives | ($79k) | $103k | — | — | $8.5m | $39.8m | ($8.6m) | ($13.8m) | $979k | ($389k) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $986.2m | $346.9m | ($1.0b) | $1.2b | $1.2b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.8b) | ($2.9b) | ($1.2b) | ($3.3b) | ($3.3b) | |
| Change In Account Payable | — | — | — | — | — | — | ($16.2m) | ($51.0m) | ($20.2m) | ($1.5m) | $36.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($559.7m) | ($544.6m) | ($211.7m) | $19.1m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $928.9m | $503.7m | $35.7m | $66.3m | ($159.8m) | |
| Change In Payable | — | — | — | — | — | — | ($16.2m) | ($51.0m) | ($20.2m) | ($1.5m) | $36.8m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($602.3m) | $410.3m | $88.4m | $17.8m | $23.8m | |
| Changes In Cash | — | — | — | — | — | — | ($559.7m) | ($544.6m) | ($211.7m) | $19.1m | $34.1m | |
| End Cash Position | — | — | — | — | — | — | $947.0m | $402.4m | $190.8m | $209.9m | $218.1m | |
| Financing Cash Flow | — | — | — | — | — | — | $986.2m |
$346.9m
-64.83%
|
($1.0b)
-397.55%
|
$1.2b
+215.70%
|
$1.2b
+2.14%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($1.6b) | ($744.6m) | $838.9m | ($1.2b) | ($1.2b) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $8.6m | $13.8m | ($979k) | $389k | ($1.8m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.8b) | ($2.9b) | ($1.2b) | ($3.3b) | ($3.3b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($27.3m) | $0 | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($10.8m) | $8.2m | ($25.8m) | $135.4m | ($72.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $15.9m | ($162.9m) | ($1.8m) | ($1.9m) | ($1.9m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.8b) | ($2.8b) | ($1.2b) | ($3.3b) | ($3.3b) | |
| Operating Gains Losses | — | — | — | — | — | — | $186.6m | $28.6m | $2.4m | $407.9m | $81.7m | |
| Other Non Cash Items | — | — | — | — | — | — | ($2.3m) | ($6.9m) | ($4.8m) | ($2.0m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($15.7m) | ($21.6m) | ($25.3m) | ($23.8m) | ($30.1m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $13.6m | $6.2m | $6.4m | $3.3m | $5.3m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($27.3m) | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($224.1m) | ($162.9m) | ($1.8m) | ($1.9m) | ($1.9m) | |
| Purchase Of PPE | $1.1b | $1.4b | $1.6b | $1.6b | $946.5m | $752.8m | ($1.8b) | ($2.8b) | ($1.2b) | ($3.3b) | ($3.3b) | |
| Sale Of Investment | — | — | — | — | — | $770.0m | $240.0m | $0 | $0 | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $113.6m | $118.9m | $91.8m | $88.4m | $88.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.