Carnival (CCL) FY2021 results: revenue $1.9 billion, down 65.9% on the year
Carnival Corp. Ltd. (CCL) reported revenue of $1.9 billion for fiscal 2021, the year ended 30 November 2021, down 65.9% on the year before. Net income was -$9.5 billion, and diluted earnings per share $-8.46. The figures are the company's own, from the 10-K it filed with the SEC on 27 January 2022.
Revenue
$1.9 billion
-65.9% on the year
FY2014FY2021
Operating margin
-371.5%
-158.4% a year earlier
FY2014FY2021
Net income
-$9.5 billion
FY2014FY2021
Diluted EPS
-$8.46
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
-4,109
-6,301
5,475
Capital expenditure
3,607
3,620
5,429
-0.4%
Free cash flow
-7,716
-9,921
46.0
Free cash flow margin
-404.4%
-177.3%
0.2%
Cash from investing
-3,543
-3,240
-5,277
Cash from financing
6,949
18,650
-655
-62.7%
Depreciation and amortisation
2,233
2,241
2,160
-0.4%
Share-based compensation
121
105
46.0
+15.2%
Buybacks
0.0
12.0
603
Dividends paid
0.0
689
1,387
Diluted shares, weighted
1,123m
775m
692m
+44.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
12,144
20,555
25,365
-40.9%
Debt
33,970
27,581
11,634
+23.2%
Operating lease liabilities
1,239
1,273
n/a
-2.7%
Other liabilities
5,991
4,184
8,059
+43.2%
Total liabilities and equity
53,344
53,593
45,058
-0.5%
Fixed assets
38,107
38,073
38,131
+0.1%
Goodwill
579
807
2,912
-28.3%
Intangible assets
1,181
1,186
1,174
-0.4%
Investments
200
0.0
n/a
Cash and equivalents
8,939
9,513
518
-6.0%
Receivables
246
273
444
-9.9%
Inventory
356
335
427
+6.3%
Other assets
3,736
3,406
1,452
+9.7%
Total assets
53,344
53,593
45,058
-0.5%
10-K for the year ended 30 November 2021, filed 27 January 2022: the filing.