filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The selected consolidated financial data presented below for the years 2009 through 2012 and as of the end of each such year are derived from NCLC’s consolidated financial statements and should be read in conjunction with those financial statements and the related notes as well as with “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
Prior to the year ended December 31, 2013, the financial statements are those of NCLC; however, we have retrospectively applied the exchange of ordinary shares due to the Corporate Reorganization as the effect is substantially the same as a stock split. The Corporate Reorganization is reflected in NCLH’s financial statements for the first time in the quarter ended March 31, 2013. In addition, the prior comparative periods will be the activity of NCLC during such periods.
Table of Contents
| As of or for the Year Ended December 31, | ||||||||||||||||||||
| (in thousands, except share data, per share data and operating data) | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||
| Statement of operations data: | ||||||||||||||||||||
| Total revenue | $ | 2,570,294 | $ | 2,276,246 | $ | 2,219,324 | $ | 2,012,128 | $ | 1,855,204 | ||||||||||
| Operating income | $ | 395,887 | $ | 357,093 | $ | 316,112 | $ | 230,609 | $ | 171,095 | ||||||||||
| Net income (1) | $ | 102,886 | $ | 168,556 | $ | 126,859 | $ | 22,986 | $ | 66,952 | ||||||||||
| Net income attributable to non-controlling interest | $ | 1,172 | $ | — | $ | — | $ | — | $ | — | ||||||||||
| Net income attributable to Norwegian Cruise Line Holdings Ltd. (1) | $ | 101,714 | $ | 168,556 | $ | 126,859 | $ | 22,986 | $ | 66,952 | ||||||||||
| Earnings per share: | ||||||||||||||||||||
| Basic | $ | 0.50 | $ | 0.95 | $ | 0.71 | $ | 0.13 | $ | 0.38 | ||||||||||
| Diluted | $ | 0.49 | $ | 0.94 | $ | 0.71 | $ | 0.13 | $ | 0.38 | ||||||||||
| Weighted-average shares: | ||||||||||||||||||||
| Basic | 202,993,839 | 178,232,850 | 177,869,461 | 177,563,047 | 174,856,765 | |||||||||||||||
| Diluted | 209,239,484 | 179,023,683 | 178,859,720 | 178,461,210 | 175,275,440 | |||||||||||||||
| Balance sheet data: | ||||||||||||||||||||
| Total assets | $ | 6,650,978 | $ | 5,938,427 | $ | 5,562,411 | $ | 5,572,371 | $ | 4,819,837 | ||||||||||
| Property and equipment, net | $ | 5,647,670 | $ | 4,960,142 | $ | 4,640,093 | $ | 4,639,281 | $ | 3,836,127 | ||||||||||
| Long-term debt, including current portion | $ | 3,127,789 | $ | 2,985,353 | $ | 3,038,081 | $ | 3,204,085 | $ | 2,557,691 | ||||||||||
| Total shareholders’ equity (2) | $ | 2,631,266 | $ | 2,018,784 | $ | 1,844,463 | $ | 1,740,526 | $ | 1,713,040 | ||||||||||
| Operating data: | ||||||||||||||||||||
| Passengers carried | 1,628,278 | 1,503,107 | 1,530,113 | 1,404,137 | 1,318,441 | |||||||||||||||
| Passenger Cruise Days | 11,400,906 | 10,332,914 | 10,227,438 | 9,559,049 | 9,243,154 | |||||||||||||||
| Capacity Days | 10,446,216 | 9,602,730 | 9,454,570 | 8,790,980 | 8,450,980 | |||||||||||||||
| Occupancy Percentage | 109.1 | % | 107.6 | % | 108.2 | % | 108.7 | % | 109.4 | % |
| (1) | In 2013, includes $160.6 million of expenses associated with debt prepayments. In 2010, includes a loss of $33.1 million primarily due to losses on foreign exchange contracts associated with the financing of Norwegian Epic. In 2009, includes foreign currency translation and interest rate swap losses of $9.6 million primarily due to fluctuations in the euro/U.S. dollar exchange rate. In 2009, these amounts were offset by the change in fair value of our fuel derivative contracts of $20.4 million. |
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| (2) | In 2009, NCLC received $100.0 million from its shareholders and issued 1,000,000 additional ordinary shares of $.0012 par value to its shareholders pro rata in accordance with their percentage ownership resulting in an aggregate 21,000,000 ordinary shares of $.0012 par value issued and outstanding as of December 31, 2009. |
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