Company name:
Norwegian Cruise Line Holdings Ltd
-
IPO SHARE PRICE:$19.00
-
IPO DATE:January 18, 2013
-
TICKER:NCLH
-
MAIN STOCK EXCHANGE:NASDAQ
-
CURRENT HQ LOCATION:7665 Corporate Center Drive Miami Florida 33126
-
FISCAL YEAR END:December 31
-
INCORPORATION JURISDICTION:None
-
ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
-
Investor Relations Webpage:Coming soon!
-
TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Norwegian Cruise Line Holdings Ltd
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Income Statement
(USD in thousand)
Selected Quarter:
31-Dec
2020
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
81.6% —
Passenger ticket
18.4% —
Onboard and other
Selected Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
5809.2%
1947.6% —
Marketing general and administrative
1700.6% —
Depreciation and amortization
833.5% —
Payroll and related
693.8% —
Other
443.4% —
Fuel
101.3% —
Cruise operating expense commissions transportation and other
59.8% —
Food
29.1% —
Onboard and other
0.0% —
Impairment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cruise operating expense commissions transportation and other
Cruise operating expense commissions transportation and other
|
229,264 | 297,691 | 330,893 | 263,038 | 332,368 | 34,601 | 4,038 | 9,703 | 380,710 | 38,812 | ||||||||||||||||
|
Other
|
141,569 | 169,407 | 145,211 | 135,154 | 165,532 | 79,130 | 64,170 | 66,459 | 375,291 | 265,836 | ||||||||||||||||
|
Onboard and other
|
79,413 | 107,063 | 122,971 | 85,226 | 74,973 | 3,188 | 4,728 | 2,789 | 85,678 | 11,156 | ||||||||||||||||
|
Payroll and related
|
223,107 | 229,385 | 235,833 | 235,832 | 247,147 | 128,744 | 65,571 | 79,839 | 521,301 | 319,356 | ||||||||||||||||
|
Fuel
|
98,253 | 100,531 | 98,943 | 111,875 | 125,024 | 48,992 | 48,224 | 42,472 | 264,712 | 169,888 | ||||||||||||||||
|
Food
|
55,045 | 54,347 | 56,913 | 56,297 | 49,216 | 6,997 | 3,426 | 5,730 | 65,369 | 22,920 | ||||||||||||||||
|
Marketing general and administrative
|
248,942 | 240,901 | 255,148 | 229,859 | 270,689 | 131,436 | 156,656 | 186,564 | 745,345 | 746,256 | ||||||||||||||||
|
Total cruise operating expense
|
826,651 | 958,424 | 990,764 | 887,422 | 994,260 | 301,652 | 190,157 | 206,992 | 1,693,061 | 827,968 | ||||||||||||||||
|
Depreciation and amortization
|
169,741 | 156,271 | 156,215 | 163,961 | 198,197 | 179,252 | 177,488 | 162,903 | 717,840 | 651,612 | ||||||||||||||||
|
Impairment
|
- | - | - | - | 1,607,797 | - | - | - | 1,607,797 | - | ||||||||||||||||
|
Other expenses
|
- | - | - | - | - | - | - | - | - | - | ||||||||||||||||
|
Total other operating expense
|
418,683 | 397,172 | 411,363 | 393,820 | 2,076,683 | 310,688 | 334,144 | 349,467 | 3,070,982 | 1,397,868 | ||||||||||||||||
|
Total operating expenses
|
1,245,334 | 1,355,596 | 1,402,127 | 1,281,242 | 3,070,943 | 612,340 | 524,301 | 556,459 | 4,764,043 | 2,225,836 |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
5709.2%
5709.2% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1675.8%
13.8% —
Other expense or income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other expense or income | (434) | 3,616 | 10,251 | (7,278) | 5,823 | (14,418) | (23,680) | (1,324) | (33,599) | (5,296) | ||||||||||||||||
| Other income | - | 3,616 | 10,251 | - | - | - | - | - | - | - | ||||||||||||||||
| Total non-operating income (expense) | (73,937) | (62,353) | (49,937) | (80,485) | (63,084) | (128,955) | (163,344) | (160,529) | (515,912) | (642,116) | ||||||||||||||||
| Total non-operating expenses | (434) | 3,616 | 10,251 | - | 5,823 | (14,418) | (187,024) | - | - | - |
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
5723.0%
5723.0% —
EBIT
Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Quarter:
31-Dec
2020
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
1991.1%
329.1% —
Income tax expense or benefit
1662.0% —
Interest expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Interest expense
|
(73,503) | (65,969) | (60,188) | (73,207) | (68,907) | (114,537) | (139,664) | (159,205) | (482,313) | (636,820) | ||||||||||||||||
|
Income before income taxes
|
84,359 | 246,328 | 461,787 | 118,891 | (1,887,145) | (724,366) | (681,127) | (707,409) | (4,000,047) | (2,829,636) | ||||||||||||||||
|
Income tax expense or benefit TEST - ODD
|
33,798 | (6,138) | (11,203) | 2,406 | 6,173 | 9,123 | 3,761 | (31,524) | (12,467) | (126,096) |
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
7714.1%
7714.1% —
Net income (loss)
It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Selected Quarter:
31-Dec
2020
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)