Norwegian Cruise Line Holdings Ltd. (NCLH) financial statements (2021 and earlier)
Company profile
| Business Address |
7665 CORPORATE DRIVE MIAMI, FL 33126 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| SIC | 44 - Water Transportation (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 253 | 164 | 176 | 128 | 116 | 85 | 56 | ||
| Cash and cash equivalents | 253 | 164 | 176 | 128 | 116 | 85 | 56 | ||
| Receivables | 75 | 55 | 44 | 63 | 45 | 32 | 18 | ||
| Inventory, net of allowances, customer advances and progress billings | 95 | 90 | 82 | 66 | 58 | 57 | 44 | ||
| Inventory | 95 | 90 | 82 | 66 | 58 | 57 | 44 | ||
| Prepaid expense | 1 | 2 | 1 | 13 | 14 | 8 | |||
| Contract with customer, asset | 17 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed current assets | 307 | 223 | 214 | 152 | 109 | 96 | 57 | ||
| Total current assets: | 730 | 550 | 518 | 411 | 340 | 284 | 183 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 13,135 | 12,119 | 11,040 | 10,118 | 9,459 | 8,624 | 5,648 | ||
| Intangible assets, net (including goodwill), including: | 2,206 | 2,206 | 2,206 | 2,206 | 2,206 | 2,384 | 611 | ||
| Goodwill | 1,389 | 1,389 | 1,389 | 1,389 | 1,389 | 1,389 | |||
| Intangible assets, net (excluding goodwill) | 818 | 818 | 818 | 818 | 818 | 995 | |||
| Other undisclosed intangible assets, net (including goodwill) | 611 | ||||||||
| Other noncurrent assets | 613 | 330 | 330 | 239 | 259 | 282 | 209 | ||
| Total noncurrent assets: | 15,954 | 14,656 | 13,577 | 12,563 | 11,924 | 11,289 | 6,468 | ||
| TOTAL ASSETS: | 16,685 | 15,206 | 14,095 | 12,974 | 12,265 | 11,573 | 6,651 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 101 | 160 | 53 | 38 | 51 | 102 | 341 | ||
| Accounts payable | 101 | 160 | 53 | 38 | 51 | 102 | 87 | ||
| Accrued liabilities | 254 | ||||||||
| Deferred revenue | 1,955 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 746 | 681 | 619 | 560 | 630 | 577 | 287 | ||
| Due to related parties | 21 | 38 | |||||||
| Customer advances and deposits | ✕ | ✕ | 1,303 | 1,173 | 1,024 | 817 | ✕ | ||
| Contract with customer, liability | ✕ | 1,593 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 782 | 716 | 514 | 542 | 641 | 553 | 448 | ||
| Total current liabilities: | 3,584 | 3,151 | 2,490 | 2,313 | 2,367 | 2,087 | 1,075 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 6,055 | 5,811 | 5,688 | 5,838 | 5,768 | 5,607 | 2,841 | ||
| Other undisclosed long-term debt and lease obligation | 6,055 | 5,811 | 5,688 | 5,838 | 5,768 | 5,607 | 2,841 | ||
| Liabilities, other than long-term debt | 529 | 282 | 167 | 285 | 350 | 361 | 48 | ||
| Due to related parties | 19 | ||||||||
| Other liabilities | 529 | 282 | 167 | 285 | 350 | 342 | 48 | ||
| Other undisclosed noncurrent liabilities | 55 | ||||||||
| Total noncurrent liabilities: | 6,585 | 6,092 | 5,855 | 6,123 | 6,117 | 5,968 | 2,944 | ||
| Total liabilities: | 10,169 | 9,243 | 8,345 | 8,436 | 8,484 | 8,054 | 4,020 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 6,516 | 5,963 | 5,750 | 4,538 | 3,781 | 3,519 | 2,609 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (1,254) | (904) | (239) | (239) | (189) | (82) | |||
| Additional paid in capital | 4,236 | 4,130 | 3,999 | 3,890 | 3,815 | 3,702 | 2,823 | ||
| Accumulated other comprehensive income (loss) | (295) | (162) | 27 | (314) | (413) | (243) | (17) | ||
| Retained earnings (accumulated deficit) | 3,829 | 2,899 | 1,963 | 1,201 | 568 | 141 | (197) | ||
| Stockholders' equity attributable to noncontrolling interest | 22 | ||||||||
| Total stockholders' equity: | 6,516 | 5,963 | 5,750 | 4,538 | 3,781 | 3,519 | 2,631 | ||
| TOTAL LIABILITIES AND EQUITY: | 16,685 | 15,206 | 14,095 | 12,974 | 12,265 | 11,573 | 6,651 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,462 | 6,055 | 5,396 | 4,874 | 4,345 | 3,126 | 2,570 | |
| Revenue, net | ✕ | ✕ | 3,750 | 3,389 | 3,129 | 2,213 | 1,816 | |
| Cost of revenue (Cost of Goods and Services Sold) | (3,663) | (3,377) | (3,064) | (2,850) | (2,655) | (2,457) | (2,165) | |
| Gross profit: | 2,799 | 2,678 | 2,333 | 2,024 | 1,690 | 669 | 405 | |
| Operating expenses | (1,621) | (1,459) | (1,284) | (1,099) | (987) | (676) | (1,033) | |
| Other undisclosed operating income | 510 | 1,024 | ||||||
| Operating income: | 1,178 | 1,219 | 1,049 | 925 | 702 | 503 | 396 | |
| Nonoperating expense | (267) | (250) | (278) | (285) | (269) | (163) | (281) | |
| Other nonoperating income (expense) | 6 | 21 | (10) | (8) | (47) | (11) | 1 | |
| Interest and debt expense | (13) | (6) | 24 | 28 | 13 | (48) | (36) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 36 | |||||||
| Income from continuing operations before equity method investments, income taxes: | 898 | 963 | 795 | 668 | 447 | 292 | 115 | |
| Other undisclosed income (loss) from continuing operations before income taxes | 13 | 6 | (24) | (28) | (13) | 48 | ||
| Income from continuing operations before income taxes: | 911 | 969 | 771 | 640 | 434 | 340 | 115 | |
| Income tax expense (benefit) | 19 | (14) | (11) | (7) | (7) | 2 | (12) | |
| Net income: | 930 | 955 | 760 | 633 | 427 | 343 | 103 | |
| Net loss attributable to noncontrolling interest | (4) | (1) | ||||||
| Net income available to common stockholders, diluted: | 930 | 955 | 760 | 633 | 427 | 338 | 102 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 930 | 955 | 760 | 633 | 427 | 343 | 103 | |
| Other comprehensive income (loss) | (134) | (189) | 341 | 98 | (170) | (227) | 1 | |
| Comprehensive income: | 796 | 766 | 1,101 | 731 | 257 | 115 | 104 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | 1 | ||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 796 | 766 | 1,101 | 731 | 257 | 112 | 103 | |
Statements sources
The financial statements are based on the company's filings with the 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.