Company name:
Norwegian Cruise Line Holdings Ltd
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IPO SHARE PRICE:$19.00
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IPO DATE:January 18, 2013
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TICKER:NCLH
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MAIN STOCK EXCHANGE:NASDAQ
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CURRENT HQ LOCATION:7665 Corporate Center Drive Miami Florida 33126
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:None
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Norwegian Cruise Line Holdings Ltd
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Statement of Cash Flow
(USD in thousand)
Selected Year:
31-Dec
2020
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
31.3% -
Impairment loss
14.4% -
Depreciation and amortization
2.2% -
Stock-based compensation
0.6% -
Provision for bad debts and inventory obsolescence
0.6% -
Accounts receivable
0.4% -
Payment-in-kind interest premium
0.2% -
Deferred income taxes
0.2% -
Inventory
0.2% -
(Gain) loss on repayment of debt
0.2% -
(Gain) loss on foreign currency
SOURCEs
49.7%
14.4%
31.3%
100 %
0%
USES
3.8%
15.8%
78.1%
78.1% -
Net income (loss)
15.8% -
Advance ticket sales
3.8% -
Accrued expenses and other liabilities
1.7% -
Prepaid expenses and other assets
0.4% -
Accounts payable
0.2% -
(Gain) loss on derivative
0.0% -
Gain on involuntary conversion of assets
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | $954,843 | $930,228 | ($4,012,514) | ($4,012,514) | ($2,955,732) | ||||||||
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Depreciation and amortization
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566,972 | 647,102 | 739,619 | 739,619 | 697,644 | ||||||||
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Stock-based compensation
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115,983 | 95,055 | 111,297 | 111,297 | 121,152 | ||||||||
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Provision for bad debts and inventory obsolescence
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5,570 | 3,884 | 31,756 | 31,756 | 61,852 | ||||||||
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Payment-in-kind interest premium
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- | - | 19,349 | 19,349 | 77,396 | ||||||||
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Deferred income taxes
|
1,508 | (26,134) | 12,765 | 12,765 | 122,468 | ||||||||
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Impairment loss
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- | - | 1,607,797 | 1,607,797 | - | ||||||||
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Gain on contingent consideration
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- | - | - | - | - | ||||||||
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Gain on involuntary conversion of assets
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- | (4,152) | (1,496) | (1,496) | (624) | ||||||||
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Loss on write-off of deferred financing fees
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- | - | - | - | - | ||||||||
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(Gain) loss on repayment of debt
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6,346 | 13,397 | 10,480 | 10,480 | - | ||||||||
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(Gain) loss on foreign currency
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(5,537) | (1,934) | 8,584 | 8,584 | 19,352 | ||||||||
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(Gain) loss on derivative
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- | - | (8,501) | (8,501) | (82,784) | ||||||||
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Premium on debt issuance
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- | - | - | - | - | ||||||||
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Payment of original issue discount
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- | - | - | - | - | ||||||||
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Accounts receivable
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(15,886) | (14,104) | 30,797 | 30,797 | 171,600 | ||||||||
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Inventory
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(9,052) | (6,155) | 10,555 | 10,555 | (8,808) | ||||||||
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Prepaid expenses and other assets
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(29,519) | (74,295) | (89,528) | (89,528) | (677,772) | ||||||||
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Accounts payable
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106,387 | (58,635) | (21,419) | (21,419) | (131,820) | ||||||||
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Accrued expenses and other liabilities
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114,953 | (29,028) | (193,938) | (193,938) | (55,248) | ||||||||
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Advance ticket sales
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262,603 | 347,376 | (811,846) | (811,846) | 90,856 | ||||||||
| Net cash provided by (used in) operating activities | $2,075,171 | $1,822,605 | ($2,556,243) | ($2,556,243) | ($2,550,468) |
Selected Year:
31-Dec
2020
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
0.3% -
Other investing activities
SOURCEs
99.7%
100 %
0%
USES
100.0%
100.0% -
(Purchase) sale of property and equipment
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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(Purchase) sale of property and equipment
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(1,566,796) | (1,637,170) | (946,545) | (946,545) | (293,612) | ||||||||
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Net proceeds from sale of Hawaii land-based operations
Net proceeds from sale of Hawaii land-based operations
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- | - | - | - | - | ||||||||
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Investment in trademark
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- | - | - | - | - | ||||||||
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Purchases of intangible assets
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- | - | - | - | - | ||||||||
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Promissory note
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- | - | - | - | - | ||||||||
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Promissory note receipts
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1,011 | - | - | - | - | ||||||||
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Acquisition of Prestige net of cash
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- | - | - | - | - | ||||||||
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Cash (paid) received on settlement of derivatives
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(1,719) | (47,085) | - | - | - | ||||||||
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Other investing activities
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- | 3,774 | 2,703 | 2,703 | (1,376) | ||||||||
| Net cash provided by (used in) investing activities | ($1,502,708) | ($1,680,192) | ($975,362) | ($975,362) | ($294,988) |
Selected Year:
31-Dec
2020
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
79.7% -
Long-term borrowing
20.2% -
Issuance of common stock
0.1% -
Proceeds from issuance of stock upon exercise of stock options
SOURCEs
79.7%
20.2%
100 %
0%
USES
86.3%
11.7%
11.7% -
Repayment of long-term borrowing
1.8% -
Deferred financing costs
0.2% -
Net share settlement of restricted share units
0.0% -
Early redemption premium
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Issuance of common stock
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- | - | 1,541,708 | 1,541,708 | 3,290,456 | ||||||||
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Proceeds from the issuance of ordinary shares net
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- | - | - | - | - | ||||||||
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Proceeds from issuance of stock upon exercise of stock options
Proceeds from issuance of stock upon exercise of stock options
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28,819 | 31,937 | 5,557 | 5,557 | - | ||||||||
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Proceeds (payments) related to employee stock compensation plans (ESPP)
Proceeds (payments) related to employee stock compensation plans (ESPP)
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- | - | - | - | - | ||||||||
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Net share settlement of restricted share units
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(13,855) | (20,939) | (15,407) | (15,407) | (292) | ||||||||
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Long-term borrowing
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1,904,865 | 4,122,297 | 6,075,090 | 6,075,090 | 3,400,000 | ||||||||
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Repayment of long-term borrowing
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(1,716,244) | (3,806,732) | (892,481) | (892,481) | (14,724) | ||||||||
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Deferred financing costs
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(118,422) | (23,262) | (133,880) | (133,880) | (65,968) | ||||||||
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Early redemption premium
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(5,154) | (6,829) | (1,376) | (1,376) | - | ||||||||
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Other primarily deferred financing fees
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- | - | - | - | - | ||||||||
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NCLC partnership tax distributions
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- | - | - | - | - | ||||||||
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Stock repurchases
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(664,811) | (349,860) | - | - | - | ||||||||
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Repayments to Affiliate
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- | - | - | - | - | ||||||||
| Net cash provided by (used in) financing activities | ($584,802) | ($53,388) | $6,579,211 | $6,579,211 | $6,609,472 |
Selected Year:
31-Dec
2020
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$3,047,606,000