Norwegian Cruise Line Holdings Ltd. (NCLH) Financial Statements (2024 and earlier)

Company Profile

Business Address 7665 CORPORATE DRIVE
MIAMI, FL 33126
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 44 - Water Transportation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments946,9871,746,6473,300,482252,876163,851176,190
Cash and cash equivalents946,9871,506,6473,300,482252,876163,851176,190
Short-term investments  240,000    
Receivables326,2721,167,47320,57875,10955,24943,961
Inventory, net of allowances, customer advances and progress billings148,717118,20582,38195,42790,20282,121
Inventory148,717118,20582,38195,42790,20282,121
Prepaid expense   900 8002,400
Contract with customer, asset, after allowance for credit loss     17,300
Other undisclosed current assets450,893269,243153,203306,733222,911213,665
Total current assets:1,872,8693,301,5683,557,544730,145550,313518,337
Noncurrent Assets
Property, plant and equipment14,516,36613,528,80613,411,22613,135,33712,119,25311,040,488
Intangible assets, net (including goodwill)598,659598,659598,6592,206,4562,206,4562,206,456
Goodwill98,13498,13498,1341,388,9311,388,9311,388,931
Intangible assets, net (excluding goodwill)500,525500,525500,525817,525817,525817,525
Other noncurrent assets1,569,8001,300,804831,888612,661329,948329,588
Total noncurrent assets:16,684,82515,428,26914,841,77315,954,45414,655,65713,576,532
TOTAL ASSETS:18,557,69418,729,83718,399,31716,684,59915,205,97014,094,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities228,742233,17283,136100,777159,56453,433
Accounts payable228,742233,17283,136100,777159,56453,433
Deferred revenue2,516,5211,561,3361,109,8261,954,980
Debt991,128876,890124,885746,358681,218619,373
Customer advances and deposits1,303,498
Contract with customer, liability1,593,219
Other undisclosed current liabilities1,318,4601,059,034596,056782,275716,499513,717
Total current liabilities:5,054,8513,730,4321,913,9033,584,3903,150,5002,490,021
Noncurrent Liabilities
Long-term debt and lease obligation, including:12,630,40211,569,70011,681,2346,055,3355,810,8735,688,392
Other undisclosed long-term debt and lease obligation12,630,40211,569,70011,681,2346,055,3355,810,8735,688,392
Liabilities, other than long-term debt803,850997,055450,075529,295281,596166,690
Other liabilities803,850997,055450,075529,295281,596166,690
Total noncurrent liabilities:13,434,25212,566,75512,131,3096,584,6306,092,4695,855,082
Total liabilities:18,489,10316,297,18714,045,21210,169,0209,242,9698,345,103
Equity
Equity, attributable to parent68,5912,432,6504,354,1056,515,5795,963,0015,749,766
Common stock421417316237235233
Treasury stock, value    (1,253,926)(904,066)(239,255)
Additional paid in capital7,611,5647,513,7254,889,3554,235,6904,129,6393,998,694
Accumulated other comprehensive income (loss)(477,079)(285,086)(240,117)(295,490)(161,647)26,966
Retained earnings (accumulated deficit)(7,066,315)(4,796,406)(295,449)3,829,0682,898,8401,963,128
Total equity:68,5912,432,6504,354,1056,515,5795,963,0015,749,766
TOTAL LIABILITIES AND EQUITY:18,557,69418,729,83718,399,31716,684,59915,205,97014,094,869

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,843,760647,9861,279,9086,462,3766,055,1265,396,175
Revenue, net3,750,030
Cost of revenue
(Cost of Goods and Services Sold)
(4,267,086)(1,608,037)(1,693,061)(3,663,261)(3,377,076)(3,063,644)
Gross profit:576,674(960,051)(413,153)2,799,1152,678,0502,332,531
Operating expenses(2,128,431)(1,592,297)(3,070,982)(1,621,038)(1,458,989)(1,283,712)
Operating income (loss):(1,551,757)(2,552,348)(3,484,135)1,178,0771,219,0611,048,819
Nonoperating expense(724,946)(1,948,972)(515,912)(266,712)(249,751)(278,205)
Interest and debt expense(188,799)(1,399,816)(10,480)(13,397)(6,346)23,900
Income (loss) from continuing operations before equity method investments, income taxes:(2,465,502)(5,901,136)(4,010,527)897,968962,964794,514
Other undisclosed income (loss) from continuing operations before income taxes188,7991,399,81610,48013,3976,346(23,900)
Income (loss) from continuing operations before income taxes:(2,276,703)(4,501,320)(4,000,047)911,365969,310770,614
Income tax expense (benefit)6,794(5,267)(12,467)18,863(14,467)(10,742)
Income (loss) from continuing operations:(2,269,909)(4,506,587)(4,012,514)930,228954,843759,872
Income (loss) before gain (loss) on sale of properties:(4,506,587)(4,012,514)930,228954,843759,872
Net income (loss) available to common stockholders, diluted:(2,269,909)(4,506,587)(4,012,514)930,228954,843759,872

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,269,909)(4,506,587)(4,012,514)930,228954,843759,872
Other comprehensive income (loss)(191,993)(44,969)55,373(133,843)(188,613)341,439
Comprehensive income (loss), net of tax, attributable to parent:(2,461,902)(4,551,556)(3,957,141)796,385766,2301,101,311

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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