filings.toolsItem 6. Selected Financial Data
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Item 6. Selected Financial Data
The following selected financial data should be read in conjunction with the consolidated financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this annual report.
Our financial results have been negatively impacted by the COVID-19 pandemic, which has significantly affected and will continue to affect the comparability of the selected financial data. See Note 2 – “Summary of Significant Accounting Policies” to the Notes to the Consolidated Financial Statements included herein for additional information about COVID-19. Additionally, the consolidated financial statements as of December 31, 2019 include the impact of a change in accounting policy related the adoption of Accounting Standards Codification 842 – Leases on January 1, 2019. See Note 5 – “Leases” to the Notes to the Consolidated Financial Statements included herein for additional information about our leases.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | As of or for the Year Ended December 31, | ||||||||||||||
| (in thousands, except share data, per | | | | | | | | | | | | |||||
| share data and operating data) | | 2020 | | 2019 | | 2018 | | 2017 | | 2016 | | |||||
| Statement of operations data: | | | | | | | | | | | | | | | | |
| Total revenue | | $ | 1,279,908 | | $ | 6,462,376 | | $ | 6,055,126 | | $ | 5,396,175 | | $ | 4,874,340 | |
| Operating income (loss) | | $ | (3,484,135) | | $ | 1,178,077 | | $ | 1,219,061 | | $ | 1,048,819 | | $ | 925,464 | |
| Net income (loss) | | $ | (4,012,514) | | $ | 930,228 | | $ | 954,843 | | $ | 759,872 | | $ | 633,085 | |
| EPS: | | | | | | | ||||||||||
| Basic | | $ | (15.75) | | $ | 4.33 | | $ | 4.28 | | $ | 3.33 | | $ | 2.79 | |
| Diluted | | $ | (15.75) | | $ | 4.30 | | $ | 4.25 | | $ | 3.31 | | $ | 2.78 | |
| Weighted-average shares outstanding: | | | | | | | ||||||||||
| Basic | | 254,728,932 | | 214,929,977 | | 223,001,739 | | 228,040,825 | | 227,121,875 | | |||||
| Diluted | | 254,728,932 | | 216,475,076 | | 224,419,205 | | 229,418,326 | | 227,850,286 | | |||||
| Balance sheet data: | | | | | | | ||||||||||
| Total assets | | $ | 18,399,317 | | $ | 16,684,599 | | $ | 15,205,970 | | $ | 14,094,869 | | $ | 12,973,911 | |
| Property and equipment, net | | $ | 13,411,226 | | $ | 13,135,337 | | $ | 12,119,253 | | $ | 11,040,488 | | $ | 10,117,689 | |
| Long-term debt, including current portion | | $ | 11,806,119 | | $ | 6,801,693 | | $ | 6,492,091 | | $ | 6,307,765 | | $ | 6,398,687 | |
| Total shareholders’ equity | | $ | 4,354,105 | | $ | 6,515,579 | | $ | 5,963,001 | | $ | 5,749,766 | | $ | 4,537,726 | |
| Operating data: | | | | | | | | | ||||||||
| Passengers carried | | 499,729 | | 2,695,718 | | 2,795,101 | | 2,519,324 | | 2,337,311 | | |||||
| Passenger Cruise Days | | 4,278,602 | | 20,637,949 | | 20,276,568 | | 18,523,030 | | 17,588,707 | | |||||
| Capacity Days | | 4,123,858 | | 19,233,459 | | 18,841,678 | | 17,363,422 | | 16,376,063 | | |||||
| Occupancy Percentage | | 103.8 | % | 107.3 | % | 107.6 | % | 106.7 | % | 107.4 | % |
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