Carnival (CCL) FY2022 results: revenue $12.2 billion, up 537.7% on the year
Carnival Corp. Ltd. (CCL) reported revenue of $12.2 billion for fiscal 2022, the year ended 30 November 2022, up 537.7% on the year before. Net income was -$6.1 billion, and diluted earnings per share $-5.16. The figures are the company's own, from the 10-K it filed with the SEC on 27 January 2023.
Revenue
$12.2 billion
+537.7% on the year
FY2015FY2022
Operating margin
-36.0%
-371.5% a year earlier
FY2015FY2022
Net income
-$6.1 billion
FY2015FY2022
Diluted EPS
-$5.16
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-1,670
-4,109
-6,301
Capital expenditure
4,940
3,607
3,620
+37.0%
Free cash flow
-6,610
-7,716
-9,921
Free cash flow margin
-54.3%
-404.4%
-177.3%
Cash from investing
-4,767
-3,543
-3,240
Cash from financing
3,577
6,949
18,650
-48.5%
Depreciation and amortisation
2,275
2,233
2,241
+1.9%
Share-based compensation
101
121
105
-16.5%
Buybacks
0.0
0.0
12.0
Dividends paid
0.0
0.0
689
Diluted shares, weighted
1,180m
1,123m
775m
+5.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,065
12,144
20,555
-41.8%
Debt
35,615
33,970
27,581
+4.8%
Operating lease liabilities
1,189
1,239
1,273
-4.0%
Other liabilities
7,834
5,991
4,184
+30.8%
Total liabilities and equity
51,703
53,344
53,593
-3.1%
Fixed assets
38,687
38,107
38,073
+1.5%
Goodwill
579
579
807
0.0%
Intangible assets
1,156
1,181
1,186
-2.1%
Investments
0.0
200
0.0
Cash and equivalents
4,029
8,939
9,513
-54.9%
Receivables
395
246
273
+60.6%
Inventory
428
356
335
+20.2%
Other assets
6,429
3,736
3,406
+72.1%
Total assets
51,703
53,344
53,593
-3.1%
10-K for the year ended 30 November 2022, filed 27 January 2023: the filing.