Annual Financials for Norwegian Cruise Line Holdings Ltd. (NCLH)

20 Years of financial data for all companies
Including key metrics, annual/quarterly financials, and historic PE ratio.



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All numbers in thousands except per share items and ratios.
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Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Revenue 9,356,741 8,549,924 4,843,760 647,986 1,279,908 6,462,376 6,055,126 5,396,175 4,874,340 4,345,048 3,125,881 2,570,294 2,276,246 2,219,324 2,012,128 1,855,204 2,106,401 2,172,815 1,976,309 1,616,154 1,338,286
Revenue Growth - 76.51% 647.51% -49.37% -80.19% 6.73% 12.21% 10.71% 12.18% 39.00% 21.62% 12.92% 2.56% 10.30% 8.46% -11.93% -3.06% 9.94% 22.28% 20.76%
Cost of Revenue 6,126,610 5,468,587 4,267,086 1,608,037 1,693,061 3,663,261 3,377,076 3,063,644 2,850,225 2,655,449 1,946,624 1,657,659 1,478,433 1,467,876 1,347,298 1,289,454 1,578,481 1,692,940 1,567,382 1,210,505 981,537
Gross Profit 3,230,131 3,081,337 576,674 -960,051 -413,153 2,799,115 2,678,050 2,332,531 2,024,115 1,689,599 1,179,257 912,635 797,813 751,448 664,830 565,750 527,920 479,875 408,927 405,649 356,749
Gross Profit Margin 33.85% 36.04% 11.91% -148.16% -32.28% 43.31% 44.23% 43.23% 41.53% 38.89% 37.73% 35.51% 35.05% 33.86% 33.04% 30.50% 25.06% 22.09% 20.69% 25.10% 26.66%
Research and Development 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
General and Administrative Expenses 1,402,499 1,341,858 1,379,105 891,452 745,345 974,850 897,929 773,755 666,156 554,999 403,169 301,155 251,183 251,351 264,398 241,676 299,827 287,093 249,250 228,205 204,560
Total Operating Expenses 1,402,499 1,341,858 2,128,431 1,592,297 1,463,185 1,621,038 1,458,989 1,283,712 1,098,651 987,113 676,316 516,748 440,720 435,336 434,589 394,376 462,392 435,096 368,347 332,386 291,957
Operating Income or Loss 1,397,149 930,911 -1,551,757 -2,552,348 -3,484,135 1,178,077 1,219,061 1,048,819 925,464 702,486 502,941 395,887 357,093 316,112 230,241 171,374 -63,247 42,214 32,580 73,263 50,292
Operating Margin 14.05% 10.89% -32.04% -393.89% -272.22% 18.23% 20.13% 19.44% 18.99% 16.17% 16.09% 15.40% 15.69% 14.24% 11.44% 9.24% -3.00% 1.94% 1.65% 4.53% 3.76%
Interest Expense 769,246 727,531 801,512 2,072,925 482,313 272,867 270,404 267,804 276,859 221,909 151,754 282,602 189,930 190,225 173,772 115,350 152,364 175,409 136,478 87,006 48,886
EBITDA 2,221,064 1,752,324 -729,942 -1,794,122 -2,800,124 1,812,742 1,802,372 1,566,976 1,370,324 1,106,153 871,331 659,525 574,623 528,133 366,580 352,284 103,126 96,450 124,676 210,343 152,189
Depreciation and Amortization 923,448 870,417 803,001 753,537 734,690 644,040 563,509 525,561 449,216 450,335 304,877 245,111 216,137 211,049 191,913 169,701 162,565 148,003 119,097 104,181 87,397
Income Before Tax 556,870 163,176 -2,276,703 -4,501,320 -4,000,047 911,365 969,310 770,614 640,303 433,909 340,334 114,688 168,556 126,859 196,289 181,747 -191,010 -55,502 -5,813 101,359 24,244
Income Tax Expense 11,298 3,002 -6,794 5,267 12,467 -18,863 14,467 10,742 7,218 6,772 -2,267 11,802 191,323 192,441 207,624 104,141 277,331 271,741 171,479 54,107 73,500
Net Income 549,236 166,178 -2,269,909 -4,506,587 -4,012,514 930,228 954,843 759,872 633,085 427,137 338,352 101,714 168,556 126,859 22,986 66,952 -211,803 -226,962 -130,899 16,235 -8,708
Net Income Margin 4.81% 1.94% -46.86% -695.48% -313.50% 14.39% 15.77% 14.08% 12.99% 9.83% 10.82% 3.96% 7.40% 5.72% 1.14% 3.61% -10.06% -10.45% -6.62% 1.00% -0.65%
EPS 1.28 0.39 -5.41 -12.33 -15.75 4.33 4.28 3.33 2.79 1.89 1.64 0.50 0.84 0.63 0.11 0.33 -1.06 -1.13 -0.65 0.08 -0.04
EPS Diluted 1.06 0.39 -5.41 -12.33 -15.75 4.30 4.25 3.31 2.78 1.86 1.62 0.49 0.84 0.62 0.11 0.33 -1.04 -1.12 -0.64 0.08 -0.04
Weighted Average Shares Out - 424,425 419,773 365,450 254,729 214,930 223,002 229,418 227,728 229,644 208,859 207,580 179,315 200,468 200,468 200,468 200,468 200,468 200,468 200,468 200,468
Weighted Average Shares Out Diluted - 427,401 419,773 365,450 254,729 216,475 224,419 229,569 227,850 230,040 212,018 209,239 200,468 203,326 203,326 203,326 203,326 203,326 203,326 203,326 203,326

Reported Currency: USD Q3 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Current Assets
Cash and Cash Equivalents 332,521 402,415 946,987 1,506,647 3,300,482 252,876 163,851 176,190 128,347 115,937 84,824 56,467 45,500 58,926 55,047 50,152 185,717 40,291 63,530 60,416 172,424
Short Term Investments 0 0 0 240,000 0 0 519 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cash + Short Term Investments 332,521 402,415 946,987 1,746,647 3,300,482 252,876 163,851 176,190 128,347 115,937 84,824 56,467 45,500 58,926 55,047 50,152 185,717 40,291 63,530 60,416 172,424
Net Receivables 200,841 280,271 326,272 1,167,473 20,578 75,109 55,249 43,961 63,215 44,996 32,432 18,260 15,062 8,159 7,879 7,868 6,047 8,408 15,277 11,691 10,806
Inventory 145,056 157,646 148,717 118,205 82,381 95,427 90,202 82,121 66,255 58,173 56,555 43,715 39,681 36,234 32,763 28,865 29,494 41,997 25,437 29,133 18,356
Other Current Assets 500,815 472,816 450,893 269,243 154,103 306,733 241,011 216,065 153,276 121,305 109,924 64,482 72,986 48,824 33,694 64,677 28,464 28,728 25,437 87,889 75,025
Total Current Assets 1,179,233 1,313,148 1,872,869 3,301,568 3,557,544 730,145 550,313 518,337 411,093 340,411 283,735 182,924 164,929 152,143 129,383 151,562 249,722 119,424 137,636 203,393 276,611
Non-Current Assets
Property, Plant and Equipment 16,743,936 17,186,944 14,516,366 13,528,806 13,411,226 13,135,337 12,119,253 11,040,488 10,117,689 9,458,805 8,623,773 5,647,670 4,960,142 4,640,093 4,639,281 3,836,127 4,119,222 4,243,872 3,816,292 3,096,456 2,515,104
Goodwill 135,764 98,134 98,134 98,134 98,134 1,388,931 1,388,931 1,388,931 1,388,931 1,388,931 1,388,931 611,330 611,330 0 0 0 0 400,254 400,254 400,254 392,600
Intangible Assets 500,525 500,525 500,525 500,525 500,525 817,525 817,525 817,525 817,525 817,525 994,997 207,525 611,330 0 0 0 0 202,538 0 218,538 218,538
Long Term Investments 0 0 3,869 23,030 43,250 0 27 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Tax Assets 0 0 -3,869 -23,030 -43,250 0 -27 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1,226,545 394,239 1,569,800 1,300,804 831,888 612,661 329,948 329,588 238,673 259,085 0 209,054 202,026 167,383 192,057 220,867 75,405 67,610 275,442 89,450 82,133
Total Non-Current Assets 18,606,770 18,179,842 16,684,825 15,428,269 14,841,773 15,954,454 14,655,657 13,576,532 12,562,818 11,924,346 11,299,753 6,468,054 5,773,498 5,410,268 5,434,130 4,659,786 4,797,419 4,914,274 4,491,988 3,804,698 3,208,375
Other Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Assets 19,786,003 19,492,990 18,557,694 18,729,837 18,399,317 16,684,599 15,205,970 14,094,869 12,973,911 12,264,757 11,583,488 6,650,978 5,938,427 5,562,411 5,563,513 4,811,348 5,047,141 5,033,698 4,629,624 4,008,091 3,484,986
Current Liabilities
Accounts Payable 172,937 174,338 228,742 233,172 83,136 100,777 159,564 53,433 38,002 51,369 101,983 86,788 79,126 80,327 64,399 28,376 70,412 88,715 116,947 73,003 69,875
Short Term Debt 1,653,460 1,768,004 1,030,817 911,297 124,885 746,358 681,218 619,373 560,193 629,840 576,947 286,575 221,233 200,582 78,237 3,586 182,487 191,172 154,638 140,694 86,198
Tax Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 3,144,586 3,060,666 2,516,521 1,561,336 1,109,826 1,954,980 1,593,219 1,303,498 1,172,870 1,023,973 817,207 411,829 353,793 325,472 216,501 206,644 488,271 202,794 181,821 137,634 113,466
Other Current Liabilities 1,067,532 1,058,919 1,239,082 990,220 596,056 782,275 716,499 513,717 541,753 661,337 590,462 290,296 290,937 211,065 216,501 462,076 738,909 535,596 495,871 422,624 345,340
Total Current Liabilities 6,038,515 6,038,701 5,054,851 3,730,432 1,913,903 3,584,390 3,150,500 2,490,021 2,312,818 2,366,519 2,086,599 1,075,488 945,089 817,446 653,317 494,038 991,808 815,483 767,456 636,321 501,413
Non-Current Liabilities
Long Term Debt 11,751,743 12,958,793 12,630,402 12,242,235 11,871,296 6,271,390 5,850,397 5,733,775 5,838,494 5,767,697 5,506,180 2,841,214 2,764,120 2,837,499 3,125,848 2,554,105 2,474,014 2,977,888 2,405,357 1,965,983 1,604,331
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 860,415 194,689 803,850 324,520 260,013 313,240 242,072 121,307 284,873 349,661 471,896 103,010 210,434 63,003 52,680 58,654 31,520 4,801 1,744 2,631 5,734
Total Non-Current Liabilities 12,612,158 13,153,482 13,434,252 12,566,755 12,131,309 6,584,630 6,092,469 5,855,082 6,123,367 6,117,358 5,978,076 2,944,224 2,974,554 2,900,502 3,178,528 2,612,759 2,505,534 2,982,689 2,407,101 1,968,614 1,610,065
Total Liabilities 18,650,673 19,192,183 18,489,103 16,297,187 14,045,212 10,169,020 9,242,969 8,345,103 8,436,185 8,483,877 8,064,675 4,019,712 3,919,643 3,717,948 3,831,845 3,106,797 3,497,342 3,798,172 3,174,557 2,604,935 2,111,478
Common Stock 440 425 421 417 316 237 235 233 232 232 228 205 25 25 25 25 24 12 12 12 12
Retained Earnings -6,244,416 -6,900,137 -7,066,315 -4,796,406 -295,449 3,829,068 2,898,840 1,963,128 1,201,103 568,018 140,881 -197,471 -299,185 -467,741 -603,458 -626,075 -693,308 -481,505 -254,543 -98,192 -117,348
Accumulated Other Comprehensive Income/Loss -519,676 -508,438 -477,079 -285,086 -240,117 -295,490 -161,647 26,966 -314,473 -412,650 -242,642 -16,690 -17,619 -19,794 4,309 2,299 137 1,301 -1,516 -243,104 -162,685
Total Stockholders Equity 1,135,330 300,807 68,591 2,432,650 4,354,105 6,515,579 5,963,001 5,749,766 4,537,726 3,780,880 3,518,813 2,608,908 2,018,784 1,844,463 1,731,668 1,704,551 1,549,799 1,235,526 1,455,067 1,403,156 1,373,508
Total Investments 0 0 3,869 240,000 43,250 0 546 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Debt 13,405,203 14,726,797 13,621,530 12,446,590 11,806,119 6,801,693 6,492,091 6,307,765 6,398,687 6,397,537 6,184,104 3,127,789 2,985,353 3,038,081 3,204,085 2,557,691 2,656,501 3,169,060 2,559,995 2,106,677 1,690,529
Net Debt 13,072,682 14,324,382 12,674,543 10,939,943 8,505,637 6,548,817 6,328,240 6,131,575 6,270,340 6,281,600 6,099,280 3,071,322 2,939,853 2,979,155 3,149,038 2,507,539 2,470,784 3,128,769 2,496,465 2,046,261 1,518,105

Reported Currency: USD TTM 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31
Cash Flows from Operating Activities
Net Income 549,236 166,178 -2,269,909 -4,506,587 -4,012,514 930,228 954,843 759,872 633,085 427,137 342,601 102,886 168,556 126,859 22,617 67,233 -211,803 -226,962 -130,899 19,156 -8,708
Depreciation & Amortization 943,870 883,236 810,053 758,604 739,619 647,102 566,972 521,484 445,635 450,335 304,877 245,111 216,137 211,049 191,913 169,701 162,565 148,003 119,097 104,181 87,397
Deferred Income Tax -283 0 -1,237 78 12,765 -26,134 1,508 9,153 -2,448 1,269 6,187 2,844 4,303 -1,282 603 22,677 17,311 0 0 0 0
Stock Based Compensation 88,256 118,940 113,563 124,077 111,297 95,055 115,983 87,039 66,414 42,209 14,617 23,075 5,160 1,211 2,520 4,075 865 0 0 0 0
Change in Working Capital 258,765 809,373 1,359,619 -204,088 -1,075,379 165,159 429,486 199,160 74,105 132,192 -55,583 65,869 -1,562 20,209 194,883 -184,216 -100,534 19,858 114,837 37,412 43,155
Accounts Receivable 31,926 39,649 828,661 -1,159,998 30,797 -14,104 -15,886 15,050 -20,983 -14,803 -7,256 -3,198 -4,592 -280 -11 -532 2,126 2,071 1,447 -885 -7,559
Inventory 19,238 -11,042 -33,609 -37,481 10,555 -6,155 -9,052 -17,129 -9,184 -4,408 -261 -4,034 -3,447 -3,471 -3,898 629 12,503 -8,605 -3,932 -10,777 23
Accounts Payable 1,607 -50,976 -16,196 152,026 -21,419 -58,635 106,387 14,047 -5,755 -50,730 315 7,662 -1,228 15,928 36,023 -42,036 -18,303 -28,232 43,944 3,128 -1,640
Other Working Capital 205,994 831,742 580,763 841,365 -1,095,312 244,053 348,037 187,192 110,027 202,133 -48,381 65,439 7,705 8,032 162,769 -142,277 -96,860 54,624 73,378 45,946 52,331
Other Non-Cash Items 995,756 27,987 197,931 1,359,907 1,667,969 11,195 6,379 9,033 22,875 -9,423 22,902 35,496 6,000 -1,056 6,410 -28,744 108,299 95,432 44,469 -26,059 24,485
Net Cash Provided by Operating Activities 1,909,567 2,005,714 210,020 -2,468,009 -2,556,243 1,822,605 2,075,171 1,585,741 1,239,666 1,043,719 635,601 475,281 398,594 356,990 418,946 50,726 -23,297 36,331 147,504 134,690 146,329
Cash Flows from Investing Activities
Investments in Property, Plant, and Equipment -1,615,180 -2,750,362 -1,783,857 -752,843 -946,545 -1,637,170 -1,566,796 -1,372,214 -1,092,091 -1,125,275 -1,051,974 -894,851 -303,840 -184,797 -977,466 -161,838 -163,607 -582,837 -809,403 -656,657 -740,838
Acquisitions Net -27,322 0 0 0 0 0 0 499 0 0 -826,686 0 0 0 0 0 0 0 0 0 -4,647
Purchases of Investments -44,332 0 -224,137 -1,033,496 -31,520 -47,085 -1,719 -35,694 -36,823 -83,519 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 240,000 770,000 0 289 64,796 2,346 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 10,647 -146,781 12,090 12,295 2,703 3,774 1,011 165 -36,823 -83,519 -5,334 -17,569 0 0 8,526 -4,735 -2,629 1,259 53,158 -19,514 2,204
Net Cash Used for Investing Activities -1,676,187 -2,897,143 -1,755,904 -1,004,044 -975,362 -1,680,192 -1,502,708 -1,404,898 -1,128,914 -1,208,794 -1,878,660 -894,851 -303,840 -184,797 -968,940 -166,573 -166,236 -581,578 -756,245 -676,171 -743,281
Cash Flows from Financing Activities
Debt Repayment -380,426 564,707 1,232,831 488,254 5,182,609 315,565 188,621 -100,495 9,899 249,454 1,419,001 12,004 -58,804 -166,584 645,879 -128,043 -401,721 516,461 409,817 435,256 585,124
Common Stock Issued 0 5,307 0 2,668,984 1,547,265 0 0 30,032 0 0 0 473,914 0 0 0 0 0 0 0 0 0
Common Stock Repurchased -23,647 -26,860 -20,987 -16,687 -15,407 -349,860 -664,811 -6,342 -49,999 -107,256 -82,000 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities -178,351 -217,850 -225,620 -1,475,879 -145,106 -19,093 -108,612 -48,011 -58,242 53,990 -147,585 -55,381 -49,376 -1,730 -90,990 108,325 736,680 5,547 202,038 -5,783 -14,889
Net Cash Used Provided by Financing Activities -582,417 346,857 986,224 1,678,218 6,579,211 -53,388 -584,802 -148,506 -98,342 196,188 1,189,416 430,537 -108,180 -168,314 554,889 -19,718 334,959 522,008 611,855 429,473 570,235
Effect of Forex Changes on Cash 383,459 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Change in Cash -349,037 -544,572 -559,660 -1,793,835 3,047,606 89,025 -12,339 47,843 12,410 31,113 28,357 10,967 -13,426 3,879 4,895 -135,565 145,426 -23,239 3,114 -112,008 -26,717
Cash at End of Period 1,888,848 402,415 946,987 1,506,647 3,300,482 252,876 163,851 176,190 128,347 115,937 84,824 56,467 45,500 58,926 55,047 50,152 185,717 40,291 63,530 60,416 172,424
Cash at Start of Period 2,237,885 946,987 1,506,647 3,300,482 252,876 163,851 176,190 128,347 115,937 84,824 56,467 45,500 58,926 55,047 50,152 185,717 40,291 63,530 60,416 172,424 199,141
Free Cash Flow
Operating Cash Flow 1,909,567 2,005,714 210,020 -2,468,009 -2,556,243 1,822,605 2,075,171 1,585,741 1,239,666 1,043,719 635,601 475,281 398,594 356,990 418,946 50,726 -23,297 36,331 147,504 134,690 146,329
Capital Expenditure -1,615,180 -2,750,362 -1,783,857 -752,843 -946,545 -1,637,170 -1,566,796 -1,372,214 -1,092,091 -1,125,275 -1,051,974 -894,851 -303,840 -184,797 -977,466 -161,838 -163,607 -582,837 -809,403 -656,657 -740,838
Free Cash Flow 294,387 -744,648 -1,573,837 -3,220,852 -3,502,788 185,435 508,375 213,527 147,575 -81,556 -416,373 -419,570 94,754 172,193 -558,520 -111,112 -186,904 -546,506 -661,899 -521,967 -594,509