filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
Prior to the year ended December 31, 2013, the financial statements are those of NCLC and they 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.” 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.
As of and for the year ended December 31, 2014, includes the financial results of Prestige commencing on November 19, 2014, the date the Acquisition of Prestige was consummated (we refer you to the Notes to The Consolidated Financial Statements Note—4 “The Acquisition of Prestige”).
| As of or for the Year Ended December 31, | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share data, per share data and operating data) | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
| Statement of operations data: | ||||||||||||||||||||
| Total revenue | $ | 3,125,881 | $ | 2,570,294 | $ | 2,276,246 | $ | 2,219,324 | $ | 2,012,128 | ||||||||||
| Operating income | $ | 502,941 | $ | 395,887 | $ | 357,093 | $ | 316,112 | $ | 230,609 | ||||||||||
| Net income (1) | $ | 342,601 | $ | 102,886 | $ | 168,556 | $ | 126,859 | $ | 22,986 | ||||||||||
| Net income attributable to non-controlling interest | $ | 4,249 | $ | 1,172 | $ | — | $ | — | $ | — | ||||||||||
| Net income attributable to Norwegian Cruise Line Holdings Ltd. (1) | $ | 338,352 | $ | 101,714 | $ | 168,556 | $ | 126,859 | $ | 22,986 | ||||||||||
| EPS: | ||||||||||||||||||||
| Basic | $ | 1.64 | $ | 0.50 | $ | 0.95 | $ | 0.71 | $ | 0.13 | ||||||||||
| Diluted | $ | 1.62 | $ | 0.49 | $ | 0.94 | $ | 0.71 | $ | 0.13 | ||||||||||
| Weighted-average shares outstanding: | ||||||||||||||||||||
| Basic | 206,524,968 | 202,993,839 | 178,232,850 | 177,869,461 | 177,563,047 | |||||||||||||||
| Diluted | 212,017,784 | 209,239,484 | 179,023,683 | 178,859,720 | 178,461,210 | |||||||||||||||
| Balance sheet data: | ||||||||||||||||||||
| Total assets | $ | 11,573,077 | $ | 6,650,978 | $ | 5,938,427 | $ | 5,562,411 | $ | 5,572,371 | ||||||||||
| Property and equipment, net | $ | 8,623,773 | $ | 5,647,670 | $ | 4,960,142 | $ | 4,640,093 | $ | 4,639,281 | ||||||||||
| Long-term debt, including current portion | $ | 6,184,104 | $ | 3,127,789 | $ | 2,985,353 | $ | 3,038,081 | $ | 3,204,085 | ||||||||||
| Total shareholders’ equity | $ | 3,518,813 | $ | 2,631,266 | $ | 2,018,784 | $ | 1,844,463 | $ | 1,740,526 | ||||||||||
| Operating data: | ||||||||||||||||||||
| Passengers carried | 2,133,981 | 1,628,278 | 1,503,107 | 1,530,113 | 1,404,137 | |||||||||||||||
| Passenger Cruise Days | 13,634,200 | 11,400,906 | 10,332,914 | 10,227,438 | 9,559,049 | |||||||||||||||
| Capacity Days | 12,512,459 | 10,446,216 | 9,602,730 | 9,454,570 | 8,790,980 | |||||||||||||||
| Occupancy Percentage | 109.0 | % | 109.1 | % | 107.6 | % | 108.2 | % | 108.7 | % |
| (1) | In 2014, includes $138.0 million of expenses primarily associated with the Acquisition of Prestige (we refer you to our reconciliation of Net income to Adjusted Net Income in “Results of Operations” below). 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. |
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