2018 Q4 Form 8-K Financial Statement

#000155837020008069 Filed on July 08, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $1.381B $1.858B $1.522B
YoY Change 10.53% 12.51% 13.25%
Cost Of Revenue $817.3M $928.9M $862.8M
YoY Change 8.48% 10.82% 14.7%
Gross Profit $563.9M $929.4M $659.4M
YoY Change 13.67% 14.23% 11.4%
Gross Profit Margin 40.83% 50.01% 43.32%
Selling, General & Admin $208.9M $235.4M $226.5M
YoY Change 14.22% 16.44% 17.01%
% of Gross Profit 37.05% 25.33% 34.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.8M $145.4M $140.3M
YoY Change 8.34% 5.82% 10.47%
% of Gross Profit 26.03% 15.64% 21.28%
Operating Expenses $354.3M $379.1M $367.2M
YoY Change 12.08% 12.6% 15.92%
Operating Profit $209.6M $550.3M $292.2M
YoY Change 16.43% 15.39% 6.2%
Interest Expense -$68.20M -$69.54M -$72.99M
YoY Change -19.1% 5.68% 12.98%
% of Operating Profit -32.54% -12.64% -24.98%
Other Income/Expense, Net $9.300M -$69.44M -$60.07M
YoY Change 615.38% 1727.42% 1055.12%
Pretax Income $150.7M $480.8M $232.1M
YoY Change 59.98% 18.08% 13.05%
Income Tax -$3.900M $10.46M $5.410M
% Of Pretax Income -2.59% 2.17% 2.33%
Net Earnings $154.6M $470.4M $226.7M
YoY Change 56.51% 17.39% 14.19%
Net Earnings / Revenue 11.2% 25.31% 14.89%
Basic Earnings Per Share $0.70 $2.12 $1.02
Diluted Earnings Per Share $0.70 $2.11 $1.01
COMMON SHARES
Basic Shares Outstanding 221.5M 223.3M
Diluted Shares Outstanding 222.8M 224.4M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.0M $286.0M $205.0M
YoY Change -6.82% -45.32% -6.39%
Cash & Equivalents $163.9M $286.5M $205.0M
Short-Term Investments
Other Short-Term Assets $241.0M $299.0M $329.0M
YoY Change 11.57% 45.15% 97.01%
Inventory $90.20M $96.00M $93.00M
Prepaid Expenses
Receivables $55.25M $47.00M $44.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $550.3M $727.0M $671.0M
YoY Change 6.24% -15.95% 30.54%
LONG-TERM ASSETS
Property, Plant & Equipment $12.12B $12.03B $12.09B
YoY Change 9.78% 10.19% 10.13%
Goodwill $1.389B
YoY Change
Intangibles $817.5M
YoY Change
Long-Term Investments
YoY Change
Other Assets $329.9M $318.0M $324.0M
YoY Change -0.02% 14.8% 28.57%
Total Long-Term Assets $14.66B $14.59B $14.66B
YoY Change 7.94% 8.87% 9.13%
TOTAL ASSETS
Total Short-Term Assets $550.3M $727.0M $671.0M
Total Long-Term Assets $14.66B $14.59B $14.66B
Total Assets $15.21B $15.32B $15.33B
YoY Change 7.88% 7.37% 9.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.6M $59.00M $55.00M
YoY Change 201.06% 31.11% 17.02%
Accrued Expenses $715.0M $664.0M $620.0M
YoY Change 40.47% 26.96% 35.08%
Deferred Revenue $1.593B
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $681.0M $680.0M $680.0M
YoY Change 10.02% 12.21% 13.14%
Total Short-Term Liabilities $3.151B $3.052B $3.306B
YoY Change 26.53% 20.68% 24.57%
LONG-TERM LIABILITIES
Long-Term Debt $5.811B $5.875B $6.149B
YoY Change 2.16% -2.13% 1.08%
Other Long-Term Liabilities $281.6M $191.0M $187.0M
YoY Change 68.62% -2.55% -13.82%
Total Long-Term Liabilities $281.6M $6.066B $6.336B
YoY Change -95.19% -2.15% 0.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.151B $3.052B $3.306B
Total Long-Term Liabilities $281.6M $6.066B $6.336B
Total Liabilities $9.243B $9.118B $9.643B
YoY Change 10.76% 4.47% 7.69%
SHAREHOLDERS EQUITY
Retained Earnings $2.899B
YoY Change
Common Stock $4.130B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $904.1M
YoY Change
Treasury Stock Shares $17.83M
Shareholders Equity $5.963B $6.198B $5.687B
YoY Change
Total Liabilities & Shareholders Equity $15.21B $15.32B $15.33B
YoY Change 7.88% 7.37% 9.92%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $154.6M $470.4M $226.7M
YoY Change 56.51% 17.39% 14.19%
Depreciation, Depletion And Amortization $146.8M $145.4M $140.3M
YoY Change 8.34% 5.82% 10.47%
Cash From Operating Activities $355.1M $466.3M $643.0M
YoY Change 46.98% 6.0% 32.63%
INVESTING ACTIVITIES
Capital Expenditures -$205.1M -$110.3M -$1.108B
YoY Change -15.49% 71.81% 16.89%
Acquisitions
YoY Change
Other Investing Activities -$1.500M $300.0K $65.10M
YoY Change -157.69% -284.42%
Cash From Investing Activities -$206.6M -$110.0M -$1.043B
YoY Change -13.95% 71.07% 6.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -271.1M -274.9M 302.8M
YoY Change -22.14% 281.28% -39.14%
NET CHANGE
Cash From Operating Activities 355.1M 466.3M 643.0M
Cash From Investing Activities -206.6M -110.0M -1.043B
Cash From Financing Activities -271.1M -274.9M 302.8M
Net Change In Cash -122.6M 81.40M -96.70M
YoY Change -64.64% -73.18% 24075.0%
FREE CASH FLOW
Cash From Operating Activities $355.1M $466.3M $643.0M
Capital Expenditures -$205.1M -$110.3M -$1.108B
Free Cash Flow $560.2M $576.6M $1.751B
YoY Change 15.67% 14.38% 22.22%

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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-58635000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
106387000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2019 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-29028000
CY2018 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
114953000
CY2017 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
55791000
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
347376000
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
262603000
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
154012000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1822605000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2075171000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1601247000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1637170000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1566796000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1372214000
CY2019 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
289000
CY2018 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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CY2017 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
2346000
CY2019 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
47085000
CY2018 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
1719000
CY2017 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
35694000
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-3774000
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1011000
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-664000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1680192000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1502708000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1404898000
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3806732000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1716244000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1916885000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
4122297000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1904865000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1816390000
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
31937000
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
28819000
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
30032000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
20939000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13855000
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6342000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
349860000
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
664811000
CY2019 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
6829000
CY2018 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
5154000
CY2017 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
15506000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
23262000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
118422000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
56195000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53388000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-584802000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-148506000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
89025000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
223001739
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
228040825
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12339000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
47843000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
163851000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176190000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
128347000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
252876000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
163851000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176190000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
4537726000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
87039000
CY2017 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
30032000
CY2017 nclh Adjustments To Additional Paid In Capital Payments Related To Tax With Holding For Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalPaymentsRelatedToTaxWithHoldingForShareBasedCompensation
6342000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
341439000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
759872000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
5749766000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
115983000
CY2018 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
28819000
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
664811000
CY2018 nclh Adjustments To Additional Paid In Capital Payments Related To Tax With Holding For Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalPaymentsRelatedToTaxWithHoldingForShareBasedCompensation
13855000
CY2018Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
-19143000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
954843000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
5963001000
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
95055000
CY2019 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
31937000
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
349860000
CY2019 nclh Adjustments To Additional Paid In Capital Payments Related To Tax With Holding For Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalPaymentsRelatedToTaxWithHoldingForShareBasedCompensation
20939000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-133843000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
930228000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
6515579000
CY2019Q4 nclh Number Of Cruise Ships
NumberOfCruiseShips
27
CY2019Q4 nclh Ship Passenger Capacity Berths
ShipPassengerCapacityBerths
58400
nclh Debt Amortization Deferrals
DebtAmortizationDeferrals
1600000000
nclh Proceeds From Debt And Equity Financing
ProceedsFromDebtAndEquityFinancing
3950000000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6000000000
CY2019Q4 nclh Advance Ticket Sales With Credit Card Processor
AdvanceTicketSalesWithCreditCardProcessor
1600000000
CY2019 us-gaap Substantial Doubt About Going Concern Within One Year
SubstantialDoubtAboutGoingConcernWithinOneYear
false
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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10600000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
9600000
CY2019Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
5900000
CY2018Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
800000
CY2019 us-gaap Advertising Expense
AdvertisingExpense
400600000
CY2018 us-gaap Advertising Expense
AdvertisingExpense
327300000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
289100000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
930228000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
954843000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
759872000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214929977
CY2019 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1545099
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1417466
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1377501
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216475076
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
224419205
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
229418326
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.33
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.28
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.33
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.30
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.25
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.31
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4000000.0
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4700000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5600000
CY2019Q4 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0.15
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6462376000
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6055126000
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5396175000
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
7000000.0
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
19800000
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
14200000
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentrations of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">We monitor concentrations of credit risk associated with financial and other institutions with which we conduct significant business. Credit risk, including but not limited to counterparty non-performance under derivative instruments, our Revolving Loan Facility and new ship progress payment guarantees, is not considered significant, as we primarily conduct business with large, well-established financial institutions and insurance companies that we have well-established relationships with and that have credit risks acceptable to us or the credit risk is spread out among a large number of creditors. We do not anticipate non-performance by any of our significant counterparties.</p>
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P120D
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P180D
CY2019Q4 nclh Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
15300000
CY2018Q4 nclh Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
17300000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1400000000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1200000000
CY2019Q4 nclh Percentage Of Refundable Amounts Included Within Contract Liabilities
PercentageOfRefundableAmountsIncludedWithinContractLiabilities
0.55
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1200000000
CY2019Q4 nclh Contract Costs To Obtain Customers
ContractCostsToObtainCustomers
143500000
CY2018Q4 nclh Contract Costs To Obtain Customers
ContractCostsToObtainCustomers
116300000
CY2019Q4 nclh Contract Costs To Fulfill Contracts With Customers
ContractCostsToFulfillContractsWithCustomers
49700000
CY2018Q4 nclh Contract Costs To Fulfill Contracts With Customers
ContractCostsToFulfillContractsWithCustomers
32500000
CY2019Q4 us-gaap Goodwill
Goodwill
1400000000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
800000000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
120750000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
110500000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10250000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
123368000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
94630000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28738000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18488000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26163000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31232000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9906000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
75000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
75000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
75000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
75000
CY2019 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2019Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
235000000.0
CY2019Q1 nclh Reclassification Operating Right Of Use Assets
ReclassificationOperatingRightOfUseAssets
8800000
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
31596000
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
14284000
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
50832000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1765000
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1239000
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
446000
CY2019 us-gaap Sublease Income
SubleaseIncome
1615000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
75539000
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1051000
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2826000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24834000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
705000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
47796000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6141000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
32144000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
4912000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
31844000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3957000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
31740000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
730000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
31753000
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
677000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
112718000
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
629000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
287995000
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
17046000
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41626000
CY2019Q4 nclh Lessee Operating Lease Lease Not Yet Commenced Undiscounted Minimum Annual Guarantees
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedMinimumAnnualGuarantees
1100000000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-161647000
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-8520000
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-125323000
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1815000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
246369000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
15231000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y3M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y7M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0376
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0747
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
16651000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
16105000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
15315000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14391000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
13462000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
52626000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
128550000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-295490000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
26966000
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-158943000
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-29670000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-161647000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-314473000
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
304226000
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
37213000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
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16500000
CY2019Q4 us-gaap Property Plant And Equipment Gross
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CY2018Q4 us-gaap Property Plant And Equipment Gross
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CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2019Q4 us-gaap Property Plant And Equipment Net
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CY2018Q4 us-gaap Property Plant And Equipment Net
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CY2019 us-gaap Depreciation
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CY2019 us-gaap Cost Of Property Repairs And Maintenance
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199500000
CY2017 us-gaap Cost Of Property Repairs And Maintenance
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157200000
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32900000
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CY2018Q4 nclh Finance Lease And License Obligations Liability
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39524000
CY2019Q4 us-gaap Debt And Capital Lease Obligations
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CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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32500000
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746358000
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2260295000
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1778870000
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35718000
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31300000
CY2018Q4 us-gaap Fair Value Option Aggregate Differences Long Term Debt Instruments
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8400000
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9300000
CY2017 us-gaap Defined Contribution Plan Cost Recognized
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7300000
CY2019 us-gaap Defined Benefit Plan Service Cost
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2167000
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378000
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378000
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2167000
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DefinedBenefitPlanServiceCost
1987000
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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1340000
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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RevenueFromContractWithCustomerIncludingAssessedTax
1858356000
CY2019Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1480618000
CY2018Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1381193000
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
158296000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
167053000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
308681000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
292152000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
511724000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
550276000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
199376000
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
209580000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
118157000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
103155000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
240190000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
226676000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
450584000
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
470378000
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
154634000
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.10
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.12
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2020Q2 nclh Liquidity Funds Increase Decrease
LiquidityFundsIncreaseDecrease
156000000
CY2019Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
2

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