Norwegian Cruise Line Holdings Ltd.

10-K & 10-Q Filings

NCLH, a Bermuda-based company, is a leading global cruise company operating the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company had 32 ships with approximately 66,500 berths as of December 31, 2023. In 2023, three ships were delivered, and five additional ships are on order, which will increase the total berths to approximately 82,500. The company's mission is to provide exceptional vacation experiences through enhanced product offerings, rich stateroom mix, itinerary optimization, and premium itinerary mix. NCLH's business strengths include its diverse fleet, high-quality service, and flexible accommodations catering to various travelers. The company's website is https://www.nclhltd.com, and its ticker symbol is NCLH.

12 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$2570.29
3125.88
4345.05
4874.34
5396.18
6055.13
6462.38
1279.91
647.99
4843.76
8549.92
12.77%76.51%Cost of Revenue (-)
$1657.66
1946.62
2655.45
2850.22
3063.64
3377.08
3663.26
1693.06
1608.04
4267.09
5468.59
12.68%28.16%Gross Profit (+)
$912.63
1179.26
1689.60
2024.12
2332.53
2678.05
2799.12
-413.15
-960.05
576.67
3081.34
12.94%434.33%Selling, General & Administrative (-)
$641.59
855.82
1221.11
1412.30
1577.39
1779.53
1899.01
1266.65
891.45
1379.11
1341.86
7.66%-2.70%Depreciation & Amortization (-)
$215.59
273.15
432.11
432.50
509.96
561.06
646.19
717.84
700.85
749.33
808.57
14.13%7.91%Non-recurring Operating Expenses (-)
$
1607.80
Operating Expenses (-)
$516.75
676.32
987.11
1098.65
1283.71
1458.99
1621.04
3070.98
1592.30
2128.43
2150.43
15.33%1.03%Costs & Expenses (Total) (-)
$2174.41
2622.94
3642.56
3948.88
4347.36
4836.07
5284.30
4764.04
3200.33
6395.52
7619.01
13.36%19.13%Operating Income/Loss (+)
$395.89
502.94
702.49
925.46
1048.82
1219.06
1178.08
-3484.14
-2552.35
-1551.76
930.91
8.93%159.99%Non-operating Income/Expense (+)
$-281.20
-162.61
-268.58
-285.16
-278.20
-249.75
-266.71
-515.91
-1948.97
-724.95
-767.74
-5.90%Interest Expense (-)
$
221.91
267.80
270.40
272.87
482.31
2072.93
801.51
727.53
-9.23%Earnings before Tax (+)
$114.69
340.33
433.91
640.30
770.61
969.31
911.37
-4000.05
-4501.32
-2276.70
163.18
3.59%107.17%Tax Expense (-)
$11.80
-2.27
6.77
7.22
10.74
14.47
-18.86
12.47
5.27
-6.79
-3.00
55.81%Income/Loss (Continuing Operations) (+)
$102.89
342.60
427.14
633.09
759.87
954.84
930.23
-4012.51
-4506.59
-2269.91
166.18
4.91%107.32%Profit/Loss (+)
$102.89
342.60
427.14
633.09
759.87
954.84
Net Income/Loss (NCI) (-)
$1.17
4.25
Net Income/Loss (+)
$101.71
338.35
427.14
633.09
759.87
954.84
930.23
-4012.51
-4506.59
-2269.91
166.18
5.03%107.32%Net Income/Loss (Common) (+)
$101.71
338.35
427.14
633.09
759.87
954.84
930.23
-4012.51
-4506.59
-2269.91
166.18
5.03%107.32%EPS (Basic)
$0.50
1.64
1.89
2.79
3.33
4.28
4.33
-15.75
-12.33
-5.41
0.39
-2.45%107.21%EPS (Diluted)
$0.49
1.62
1.86
2.78
3.31
4.25
4.30
-15.75
-12.33
-5.41
0.39
-2.26%107.21%Weighted Avg Shares (Basic)
202.99
206.52
226.59
227.12
228.04
223.00
214.93
254.73
365.45
419.77
424.42
7.65%1.11%Weighted Avg Shares (Diluted)
209.24
212.02
230.04
227.85
229.42
224.42
216.48
254.73
365.45
419.77
427.40
7.40%1.82%Cash
$56.47
84.82
115.94
128.35
176.19
163.85
252.88
3300.48
1506.65
946.99
402.42
21.70%-57.51%Short-term Investments
$
240.00
Receivables
$18.26
32.43
45.00
63.22
43.96
55.25
75.11
20.58
1167.47
326.27
280.27
31.40%-14.10%Inventory
$43.72
56.55
58.17
66.25
82.12
90.20
95.43
82.38
118.20
148.72
157.65
13.69%6.00%Prepaid Expenses (Current)
$64.48
109.92
121.31
153.28
216.06
241.01
306.73
154.10
269.24
450.89
472.82
22.05%4.86%Assets (Current)
$182.92
283.74
340.41
411.09
518.34
550.31
730.14
3557.54
3301.57
1872.87
1313.15
21.79%-29.89%Property, Plant & Equipment (Net)
$5647.67
8623.77
9458.81
10117.69
11040.49
12119.25
13135.34
13411.23
13528.81
14516.37
16433.29
11.27%13.21%Goodwill & Intangibles
$
2206.46
2206.46
2206.46
2206.46
2206.46
598.66
598.66
598.66
598.66
0.00%Other Assets
$820.38
2665.57
259.08
238.67
329.59
329.95
612.66
831.89
1300.80
1569.80
1147.89
3.42%-26.88%Assets (Non-current)
$6468.05
11289.34
11924.35
12562.82
13576.53
14655.66
15954.45
14841.77
15428.27
16684.83
18179.84
10.89%8.96%Assets (Total)
$6650.98
11573.08
12264.76
12973.91
14094.87
15205.97
16684.60
18399.32
18729.84
18557.69
19492.99
11.35%5.04%Accounts Payable
$340.54
101.98
51.37
38.00
53.43
159.56
100.78
83.14
233.17
228.74
174.34
-6.48%-23.78%Debt (Current)
$286.57
576.95
629.84
560.19
619.37
681.22
746.36
124.89
876.89
991.13
1744.78
19.80%76.04%Other Liabilities (Current)
$448.37
1407.67
1685.31
1714.62
1817.22
2309.72
2737.26
1705.88
2620.37
3834.98
4119.59
24.83%7.42%Liabilities (Current)
$1075.49
2086.60
2366.52
2312.82
2490.02
3150.50
3584.39
1913.90
3730.43
5054.85
6038.70
18.83%19.46%Debt (Non-current)
$2841.21
5607.16
5767.70
5838.49
5688.39
5810.87
6055.34
11681.23
11569.70
12630.40
12314.15
15.80%-2.50%Other Liabilities
$103.01
360.51
349.66
284.87
166.69
281.60
529.29
450.07
997.05
803.85
839.34
23.34%4.41%Liabilities (Non-current)
$2944.22
5967.66
6117.36
6123.37
5855.08
6092.47
6584.63
12131.31
12566.76
13434.25
13153.48
16.15%-2.09%Liabilities (Total)
$4019.71
8054.26
8483.88
8436.18
8345.10
9242.97
10169.02
14045.21
16297.19
18489.10
19192.18
16.92%3.80%Treasury Stock
$
82.00
189.26
239.25
239.25
904.07
1253.93
Retained Earnings
$-197.47
140.88
568.02
1201.10
1963.13
2898.84
3829.07
-295.45
-4796.41
-7066.31
-6900.14
2.35%AOCI
$-16.69
-242.64
-412.65
-314.47
26.97
-161.65
-295.49
-240.12
-285.09
-477.08
-508.44
-6.57%Shareholder's Equity
$2631.27
3518.81
3780.88
4537.73
5749.77
5963.00
6515.58
4354.10
2432.65
68.59
300.81
-19.50%338.55%Liabilities & Equity
$6650.98
11573.08
12264.76
12973.91
14094.87
15205.97
16684.60
18399.32
18729.84
18557.69
19492.99
11.35%5.04%Net Income/Loss
$102.89
342.60
427.14
633.09
759.87
954.84
930.23
-4012.51
-4506.59
-2269.91
166.18
4.91%107.32%Depreciation & Amortization
$245.11
304.88
450.33
445.63
521.48
566.97
647.10
739.62
758.60
810.05
883.24
13.68%9.03%Increase/Decrease in Working Capital
$-65.87
55.58
-128.00
-74.11
-199.16
-429.49
-165.16
1075.38
204.09
-1359.62
-809.37
40.47%Share-based Compensation
$23.07
14.62
42.21
66.41
87.04
115.98
95.06
111.30
124.08
113.56
118.94
17.82%4.73%Adjustments to Reconcile Net Income
$372.39
293.00
614.04
606.58
825.87
1120.33
892.38
1456.27
2038.58
2479.93
1839.54
17.32%-25.82%Net Cash (Operating)
$475.28
635.60
1041.18
1239.67
1585.74
2075.17
1822.61
-2556.24
-2468.01
210.02
2005.71
15.49%855.01%Capital Expenditure
$894.85
1878.66
1122.73
1092.09
1371.71
1566.80
1637.17
946.54
752.84
1783.86
2750.36
11.88%54.18%Net Cash (Investing)
$-894.85
-1878.66
-1206.25
-1128.91
-1404.90
-1502.71
-1680.19
-975.36
-1004.04
-1755.90
-2897.14
-64.99%Increase/Decrease in Debt
$128.70
1501.00
286.50
9.90
-100.33
188.62
315.56
5182.61
488.25
1232.83
564.71
15.94%-54.19%Increase/Decrease in Equity
$416.51
-198.18
-122.39
-96.46
-26.16
-635.99
-341.19
1413.38
2561.53
-53.61
-190.99
-256.27%Net Cash (Financing)
$430.54
1271.42
196.19
-98.34
-133.00
-584.80
-53.39
6579.21
1678.22
986.22
346.86
-2.14%-64.83%Increase/Decrease in Cash
$10.97
28.36
31.11
12.41
47.84
-12.34
89.03
3047.61
-1793.84
-559.66
-544.57
2.70%Cash (Beginning)
$45.50
56.47
84.82
115.94
128.35
176.19
163.85
252.88
3300.48
1506.65
946.99
35.47%-37.15%Cash (Ending)
$56.47
84.82
115.94
128.35
176.19
163.85
252.88
3300.48
1506.65
946.99
402.42
21.70%-57.51%NOPAT
$355.15
499.59
691.52
915.03
1034.20
1200.87
1202.46
-3473.28
-2549.36
-1556.39
948.04
10.32%160.91%Gross Margin %
35.51%
37.73%
38.89%
41.53%
43.23%
44.23%
43.31%
-32.28%
-148.16%
11.91%
36.04%
Operating Margin %
15.40%
16.09%
16.17%
18.99%
19.44%
20.13%
18.23%
-272.22%
-393.89%
-32.04%
10.89%
NOPAT Margin %
13.82%
15.98%
15.92%
18.77%
19.17%
19.83%
18.61%
-271.37%
-393.43%
-32.13%
11.09%
Net Margin %
3.96%
10.82%
9.83%
12.99%
14.08%
15.77%
14.39%
-313.50%
-695.48%
-46.86%
1.94%
Tax Rate %
10.29%
0.67%
1.56%
1.13%
1.39%
1.49%
-2.07%
0.31%
0.12%
-0.30%
-1.84%
ROA
5.34%
4.32%
5.64%
7.05%
7.34%
7.90%
7.21%
-18.88%
-13.61%
-8.39%
4.86%
ROE
13.50%
14.20%
18.29%
20.16%
17.99%
20.14%
18.46%
-79.77%
-104.80%
-2269.08%
315.16%
ROIC
6.74%
6.17%
6.22%
7.73%
8.08%
8.85%
8.23%
-25.81%
-17.95%
-10.82%
5.88%
Asset Turnover
0.39
0.27
0.35
0.38
0.38
0.40
0.39
0.07
0.03
0.26
0.44
Inventory Turnover
37.92
34.42
45.65
43.02
37.31
37.44
38.39
20.55
13.60
28.69
34.69
Equity Multiplier
2.53
3.29
3.24
2.86
2.45
2.55
2.56
4.23
7.70
270.56
64.80
Current Ratio
0.17
0.14
0.14
0.18
0.21
0.17
0.20
1.86
0.89
0.37
0.22
Quick Ratio
0.07
0.06
0.07
0.08
0.09
0.07
0.09
1.74
0.78
0.25
0.11
Debt/Equity Ratio
1.19
1.76
1.69
1.41
1.10
1.09
1.04
2.71
5.12
198.59
46.74
Working Capital/Sales
-0.15
-0.17
-0.13
-0.10
-0.08
-0.13
-0.11
-0.43
0.12
-0.15
-0.11
Total Payout
$-545.21
-1302.82
-164.10
86.56
126.49
447.37
25.62
-6595.99
-3049.79
-1179.22
-373.72
68.31%Payout Ratio %
-153.52%
-260.78%
-23.73%
9.46%
12.23%
37.25%
2.13%
-189.91%
-119.63%
-75.77%
-39.42%