CARNIVAL CORP

10-K & 10-Q Filings

Carnival Corporation & plc is a Panamanian and English company with a dual listed company structure, operating as a single economic enterprise. It is the largest global cruise company, with a portfolio of world-class cruise lines including Carnival Cruise Line, Princess Cruises, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), AIDA Cruises, and Seabourn. The company's purpose is to deliver unforgettable happiness to guests by providing extraordinary cruise vacations while honoring the integrity of every ocean, place, and life they touch. The company's business strategy includes ensuring each brand owns its space in the vacation market by delivering extraordinary experiences tailored to its guests, becoming the travel and leisure employer of choice, maintaining a commitment to compliance, environmental protection, and safety, and setting the pace with the industry's smartest solutions for sustainability. Carnival Corporation & plc operates in two main segments: North America and Australia (NAA), and Europe. The NAA segment includes Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), and Seabourn, while the Europe segment includes Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. The company also owns Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. As of November 30, 2023, Carnival Corporation & plc had a total of 4 cruise ships expected to be delivered through 2025. The company's trademarks, patents, and copyrights are valuable intangible assets that enable it to distinguish its cruise products and services from competitors. In 2023, the company carried 12.5 million passengers, with the largest share coming from the United States and Canada. Its passenger capacity is seasonal, with the third quarter being the period of highest demand and revenue. The company earns 34% of its cruise revenues from onboard and other revenue goods and services. Carnival Corporation & plc's website is carnivalcorp.com, and its ticker symbol is CCL on the New York Stock Exchange.

12 mos ending Nov 30, 201112 mos ending Nov 30, 201212 mos ending Nov 30, 201312 mos ending Nov 30, 201412 mos ending Nov 30, 201512 mos ending Nov 30, 201612 mos ending Nov 30, 201712 mos ending Nov 30, 201812 mos ending Nov 30, 201912 mos ending Nov 30, 202012 mos ending Nov 30, 202112 mos ending Nov 30, 202212 mos ending Nov 30, 20233 mos ending Feb 28, 20233 mos ending Feb 29, 2024CAGR %YoY %Revenue (+)
$15793.00
15382.00
15456.00
15884.00
15714.00
16389.00
17510.00
18881.00
20825.00
5595.00
1908.00
12168.00
21593.00
4432.00
5406.00
2.64%21.98%Cost of Revenue (-)
$10299.00
10320.00
10624.00
10403.00
9447.00
9383.00
10501.00
10910.00
12640.00
4790.00
5320.00
1293.00
1426.00
-5.36%10.29%Gross Profit (+)
$5494.00
5062.00
4832.00
5481.00
6267.00
7006.00
7009.00
7971.00
8185.00
Selling, General & Administrative (-)
$1717.00
1720.00
1879.00
2054.00
2067.00
2197.00
2265.00
2450.00
2480.00
1878.00
1885.00
2515.00
2950.00
712.00
813.00
4.61%14.19%Depreciation & Amortization (-)
$1522.00
1527.00
1588.00
1635.00
1626.00
1738.00
1846.00
2017.00
2160.00
2241.00
2233.00
2275.00
2370.00
582.00
613.00
3.76%5.33%Operating Expenses (-)
$3239.00
3420.00
3480.00
3689.00
3693.00
3935.00
4200.00
4467.00
4640.00
4119.00
4118.00
11757.00
14317.00
3311.00
3705.00
13.18%11.90%Costs & Expenses (Total) (-)
$13538.00
13740.00
14104.00
14092.00
13140.00
13318.00
14701.00
15556.00
17549.00
14460.00
8997.00
16547.00
19637.00
4604.00
5131.00
3.15%11.45%Operating Income/Loss (+)
$2255.00
1642.00
1352.00
1792.00
2574.00
3071.00
2809.00
3325.00
3276.00
-8865.00
-7089.00
-4379.00
1956.00
-172.00
276.00
-1.18%260.47%Non-operating Income/Expense (+)
$-343.00
-340.00
-280.00
-547.00
-775.00
-243.00
-143.00
-118.00
-215.00
-1388.00
-2433.00
-1701.00
-2018.00
-514.00
-489.00
4.86%Interest Expense (-)
$365.00
336.00
319.00
288.00
217.00
223.00
198.00
194.00
206.00
895.00
1601.00
1609.00
2066.00
539.00
471.00
15.54%-12.62%Earnings before Tax (+)
$1912.00
1302.00
1072.00
1245.00
1799.00
2828.00
2666.00
3207.00
3060.00
-10253.00
-9522.00
-6080.00
-62.00
-686.00
-214.00
68.80%Tax Expense (-)
$
4.00
-6.00
9.00
42.00
49.00
60.00
54.00
71.00
-17.00
-21.00
14.00
13.00
7.00
Income/Loss (Continuing Operations) (+)
$1912.00
1298.00
1078.00
1236.00
1757.00
2779.00
2606.00
3153.00
2989.00
-10236.00
-9501.00
-6094.00
-75.00
-693.00
-214.00
69.12%Net Income/Loss (+)
$1912.00
1298.00
1078.00
1236.00
1757.00
2779.00
2606.00
3152.00
2990.00
-10236.00
-9501.00
-6093.00
-74.00
-693.00
-214.00
69.12%Net Income/Loss (Common) (+)
$1912.00
1298.00
1078.00
1236.00
1757.00
2779.00
2606.00
3152.00
2990.00
-10236.00
-9501.00
-6093.00
-74.00
-693.00
-214.00
69.12%EPS (Basic)
$2.43
1.67
1.39
1.59
2.26
3.73
3.61
4.45
4.34
-13.20
-8.46
-5.16
-0.06
-0.55
-0.17
69.09%EPS (Diluted)
$2.42
1.67
1.39
1.59
2.26
3.72
3.59
4.44
4.32
-13.20
-8.46
-5.16
-0.06
-0.55
-0.17
69.09%Weighted Avg Shares (Basic)
595.96
592.31
592.31
592.69
577.74
535.84
534.17
526.72
527.68
932485.51
185.01
186.14
186.83
186.81
187.68
-9.21%0.47%Cash
$450.00
465.00
462.00
331.00
1395.00
603.00
395.00
982.00
518.00
9513.00
8939.00
6017.00
2426.00
5470.00
2242.00
15.07%-59.01%Short-term Investments
$
200.00
Receivables
$263.00
270.00
405.00
332.00
303.00
298.00
312.00
358.00
444.00
273.00
246.00
395.00
556.00
514.00
644.00
6.44%25.29%Inventory
$374.00
390.00
374.00
364.00
330.00
322.00
387.00
450.00
427.00
335.00
356.00
428.00
528.00
448.00
531.00
2.92%18.53%Other Assets (Current)
$225.00
696.00
696.00
476.00
423.00
466.00
502.00
436.00
671.00
443.00
392.00
652.00
1757.00
710.00
1067.00
18.68%50.28%Assets (Current)
$1312.00
1821.00
1937.00
1503.00
2451.00
1689.00
1596.00
2225.00
2059.00
10563.00
10133.00
7492.00
5266.00
7144.00
4484.00
12.28%-37.23%Property, Plant & Equipment (Net)
$32054.00
32137.00
32905.00
32773.00
31888.00
32429.00
34430.00
35336.00
38131.00
39443.00
39440.00
39961.00
41381.00
40605.00
42753.00
2.15%5.29%Goodwill & Intangibles
$4652.00
4488.00
4502.00
4397.00
4248.00
4185.00
4167.00
4101.00
4086.00
1993.00
1760.00
1735.00
1748.00
1737.00
1747.00
-7.83%0.58%Other Assets
$619.00
715.00
760.00
859.00
650.00
633.00
585.00
738.00
783.00
1594.00
2011.00
2515.00
725.00
2501.00
777.00
1.33%-68.93%Assets (Non-current)
$37325.00
37340.00
38167.00
38029.00
36786.00
37247.00
39182.00
40175.00
43000.00
43030.00
43211.00
44211.00
43854.00
44843.00
45277.00
1.35%0.97%Assets (Total)
$38637.00
39161.00
40104.00
39532.00
39237.00
38936.00
40778.00
42401.00
45058.00
53593.00
53344.00
51703.00
49120.00
51985.00
49761.00
2.02%-4.28%Accounts Payable
$1699.00
1977.00
1765.00
1902.00
2310.00
2453.00
2639.00
2384.00
2565.00
1768.00
2438.00
2992.00
3171.00
2973.00
3421.00
5.34%15.07%Debt (Current)
$1300.00
1734.00
1468.00
1725.00
1374.00
1097.00
2202.00
2426.00
1827.00
4826.00
4717.00
2593.00
2089.00
2464.00
2195.00
4.03%-10.92%Other Liabilities (Current)
$3106.00
3629.00
3487.00
3294.00
3272.00
3522.00
3958.00
4395.00
4735.00
2091.00
3254.00
5020.00
6221.00
5651.00
6780.00
5.96%19.98%Liabilities (Current)
$6105.00
7340.00
6720.00
6921.00
6956.00
7072.00
8800.00
9204.00
9127.00
8686.00
10408.00
10605.00
11481.00
11088.00
12396.00
5.40%11.80%Debt (Non-current)
$8053.00
7168.00
8092.00
7363.00
7413.00
8357.00
6993.00
7897.00
9675.00
22130.00
28509.00
31953.00
28483.00
32672.00
28544.00
11.10%-12.63%Other Liabilities
$647.00
724.00
736.00
960.00
1097.00
910.00
769.00
856.00
890.00
2222.00
2282.00
2080.00
2275.00
2056.00
2139.00
11.05%4.04%Liabilities (Non-current)
$8700.00
7892.00
8828.00
8323.00
8510.00
9267.00
7762.00
8753.00
10565.00
24352.00
30791.00
34033.00
30758.00
34728.00
30683.00
11.10%-11.65%Liabilities (Total)
$14805.00
15232.00
15548.00
15244.00
15466.00
16339.00
16561.00
17958.00
19692.00
33037.00
41200.00
44638.00
42239.00
45816.00
43079.00
9.13%-5.97%Treasury Stock
$2851.00
2958.00
3077.00
3087.00
3475.00
5789.00
6349.00
7795.00
8394.00
8404.00
8466.00
8468.00
8449.00
8433.00
8404.00
9.48%-0.34%Retained Earnings
$18349.00
18479.00
18782.00
19242.00
20060.00
21843.00
23292.00
25066.00
26653.00
16075.00
6448.00
269.00
185.00
-434.00
-29.00
-31.82%93.32%AOCI
$-209.00
-207.00
-616.00
-1741.00
-2454.00
-1782.00
-1949.00
-2066.00
-1436.00
-1501.00
-1982.00
-1939.00
-1972.00
-1938.00
1.72%Shareholder's Equity
$23832.00
23929.00
24556.00
24288.00
23771.00
22597.00
24216.00
24443.00
25365.00
20555.00
12144.00
7065.00
6882.00
6170.00
6682.00
-9.83%8.30%Liabilities & Equity
$38637.00
39161.00
40104.00
39532.00
39237.00
38936.00
40778.00
42401.00
45058.00
53593.00
53344.00
51703.00
49120.00
51985.00
49761.00
2.02%-4.28%Net Income/Loss
$1912.00
1298.00
1078.00
1236.00
1757.00
2779.00
2606.00
3152.00
2990.00
-10236.00
-9501.00
-6093.00
-74.00
-693.00
-214.00
69.12%Depreciation & Amortization
$1522.00
1527.00
1588.00
1635.00
1626.00
1738.00
1846.00
2017.00
2160.00
2241.00
2405.00
2446.00
2531.00
626.00
649.00
4.33%3.67%Increase/Decrease in Working Capital
$-238.00
106.00
63.00
-199.00
-499.00
-444.00
-399.00
-364.00
-212.00
3186.00
-958.00
-1163.00
-1525.00
-392.00
-1237.00
-215.56%Share-based Compensation
$46.00
39.00
42.00
52.00
55.00
55.00
63.00
65.00
46.00
105.00
121.00
101.00
53.00
9.00
11.00
1.19%22.22%Adjustments to Reconcile Net Income
$1854.00
1701.00
1756.00
2194.00
2788.00
2355.00
2716.00
2397.00
2485.00
3935.00
5392.00
4423.00
4355.00
1081.00
1982.00
7.38%83.35%Net Cash (Operating)
$3766.00
2999.00
2834.00
3430.00
4545.00
5134.00
5322.00
5549.00
5475.00
-6301.00
-4109.00
-1670.00
4281.00
388.00
1768.00
1.07%355.67%Capital Expenditure
$2696.00
2332.00
2149.00
2583.00
2294.00
3062.00
2944.00
3360.00
5403.00
3367.00
3346.00
4871.00
2944.00
1075.00
2138.00
0.74%98.88%Net Cash (Investing)
$-2646.00
-1772.00
-2056.00
-2507.00
-2478.00
-3323.00
-3089.00
-3502.00
-5277.00
-3240.00
-3543.00
-4767.00
-2810.00
-1044.00
-2163.00
-107.18%Increase/Decrease in Debt
$4.00
-330.00
479.00
-223.00
170.00
711.00
-789.00
1403.00
1418.00
16251.00
6793.00
2544.00
-4899.00
151.00
345.00
128.48%Increase/Decrease in Equity
$-454.00
-90.00
-103.00
-269.00
-2300.00
-552.00
-1468.00
-603.00
3237.00
1009.00
1180.00
-126.00
-77.00
Dividends Paid
$671.00
779.00
1164.00
776.00
816.00
977.00
1087.00
1355.00
1387.00
689.00
Net Cash (Financing)
$-1093.00
-1190.00
-780.00
-1028.00
-942.00
-2591.00
-2452.00
-1460.00
-655.00
18650.00
6949.00
3577.00
-5089.00
111.00
237.00
113.51%Effect of Exchange Rate
$-6.00
-22.00
-1.00
-26.00
-61.00
-12.00
11.00
-1.00
-9.00
53.00
-13.00
-79.00
17.00
-2.00
-3.00
-50.00%Increase/Decrease in Cash
$21.00
15.00
-3.00
-131.00
1064.00
-792.00
-208.00
587.00
-465.00
9161.00
-715.00
-2940.00
-3601.00
-546.00
-162.00
70.33%Cash (Beginning)
$429.00
450.00
465.00
462.00
331.00
1395.00
603.00
395.00
996.00
530.00
9692.00
8976.00
6037.00
6037.00
2436.00
24.65%-59.65%Cash (Ending)
$450.00
465.00
462.00
331.00
1395.00
603.00
395.00
982.00
530.00
9692.00
8976.00
6037.00
2436.00
5491.00
2274.00
15.11%-58.59%NOPAT
$
1636.96
1359.57
1779.05
2513.91
3017.79
2745.78
3269.01
3199.99
-8879.70
-7104.63
-4368.92
1545.87
-170.24
276.00
262.12%Gross Margin %
34.79%
32.91%
31.26%
34.51%
39.88%
42.75%
40.03%
42.22%
39.30%
Operating Margin %
14.28%
10.67%
8.75%
11.28%
16.38%
18.74%
16.04%
17.61%
15.73%
-158.45%
-371.54%
-35.99%
9.06%
-3.88%
5.11%
NOPAT Margin %
10.64%
8.80%
11.20%
16.00%
18.41%
15.68%
17.31%
15.37%
-158.71%
-372.36%
-35.90%
7.16%
-3.84%
5.11%
Net Margin %
12.11%
8.44%
6.97%
7.78%
11.18%
16.96%
14.88%
16.69%
14.36%
-182.95%
-497.96%
-50.07%
-0.34%
-15.64%
-3.96%
Tax Rate %
0.31%
-0.56%
0.72%
2.33%
1.73%
2.25%
1.68%
2.32%
-0.17%
-0.22%
0.23%
20.97%
1.02%
ROA
4.18%
3.39%
4.50%
6.41%
7.75%
6.73%
7.71%
7.10%
-16.57%
-13.32%
-8.45%
3.15%
-0.33%
0.55%
ROE
6.84%
5.54%
7.32%
10.58%
13.35%
11.34%
13.37%
12.62%
-43.20%
-58.50%
-61.84%
22.46%
-2.76%
4.13%
ROIC
4.82%
3.87%
5.13%
7.35%
8.98%
7.83%
8.92%
8.27%
-22.32%
-18.73%
-11.43%
3.86%
-0.45%
0.70%
Asset Turnover
0.41
0.39
0.39
0.40
0.40
0.42
0.43
0.45
0.46
0.10
0.04
0.24
0.44
0.09
0.11
Inventory Turnover
27.54
26.46
28.41
28.58
28.63
29.14
27.13
24.24
29.60
11.19
10.08
2.89
2.69
Equity Multiplier
1.62
1.64
1.63
1.63
1.65
1.72
1.68
1.73
1.78
2.61
4.39
7.32
7.14
8.43
7.45
Current Ratio
0.21
0.25
0.29
0.22
0.35
0.24
0.18
0.24
0.23
1.22
0.97
0.71
0.46
0.64
0.36
Quick Ratio
0.12
0.10
0.13
0.10
0.24
0.13
0.08
0.15
0.11
1.13
0.90
0.60
0.26
0.54
0.23
Debt/Equity Ratio
0.39
0.37
0.39
0.37
0.37
0.42
0.38
0.42
0.45
1.31
2.74
4.89
4.44
5.69
4.60
Working Capital/Sales
-0.14
-0.17
-0.15
-0.16
-0.12
-0.18
-0.20
-0.15
-0.17
-0.29
-1.71
-0.28
-0.14
-0.99
-0.94
Dividend Payout Ratio %
47.59%
85.62%
43.62%
32.46%
32.37%
39.59%
41.45%
43.34%
7.76%
Total Payout
$1121.00
1199.00
788.00
999.00
915.00
2566.00
2428.00
1420.00
572.00
-18799.00
-7802.00
-3724.00
5025.00
-151.00
-268.00
13.32%-77.48%Payout Ratio %
73.25%
57.96%
56.15%
36.40%
85.03%
88.43%
43.44%
17.88%
-211.71%
-109.82%
-85.24%
325.06%
-88.70%
-97.10%