Carnival (CCL) FY2023 results: revenue $21.6 billion, up 77.5% on the year
Carnival Corp. Ltd. (CCL) reported revenue of $21.6 billion for fiscal 2023, the year ended 30 November 2023, up 77.5% on the year before. Net income was -$74 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-K it filed with the SEC on 26 January 2024.
Revenue
$21.6 billion
+77.5% on the year
FY2016FY2023
Operating margin
9.1%
-36.0% a year earlier
FY2016FY2023
Net income
-$74 million
FY2016FY2023
Diluted EPS
-$0.06
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
4,281
-1,670
-4,109
Capital expenditure
3,284
4,940
3,607
-33.5%
Free cash flow
997
-6,610
-7,716
Free cash flow margin
4.6%
-54.3%
-404.4%
Cash from investing
-2,810
-4,767
-3,543
Cash from financing
-5,089
3,577
6,949
Depreciation and amortisation
2,370
2,275
2,233
+4.2%
Share-based compensation
53.0
101
121
-47.5%
Buybacks
n/a
0.0
0.0
Dividends paid
n/a
0.0
0.0
Diluted shares, weighted
1,262m
1,180m
1,123m
+6.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
6,882
7,065
12,144
-2.6%
Debt
31,339
35,615
33,970
-12.0%
Operating lease liabilities
1,170
1,189
1,239
-1.6%
Other liabilities
9,729
7,834
5,991
+24.2%
Total liabilities and equity
49,120
51,703
53,344
-5.0%
Fixed assets
40,116
38,687
38,107
+3.7%
Goodwill
579
579
579
0.0%
Intangible assets
1,169
1,156
1,181
+1.1%
Investments
n/a
0.0
200
Cash and equivalents
2,415
4,029
8,939
-40.1%
Receivables
556
395
246
+40.8%
Inventory
528
428
356
+23.4%
Other assets
3,757
6,429
3,736
-41.6%
Total assets
49,120
51,703
53,344
-5.0%
10-K for the year ended 30 November 2023, filed 26 January 2024: the filing.