Norwegian Cruise Line Holdings (NCLH) FY2016 results: revenue $4.9 billion, up 12.2% on the year
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $4.9 billion for fiscal 2016, the year ended 31 December 2016, up 12.2% on the year before. Net income was $633 million, up 48.2%, and diluted earnings per share $2.78. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$4.9 billion
+12.2% on the year
FY2011FY2016
Operating margin
19.0%
16.2% a year earlier
FY2011FY2016
Net income
$633 million
+48.2% on the year
FY2011FY2016
Diluted EPS
$2.78
+49.5% on the year
FY2011FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,874
4,345
3,126
+12.2%
Selling, general and administrative
666
555
403
+20.0%
Operating income
925
702
503
+31.7%
Operating margin
19.0%
16.2%
16.1%
Interest expense
277
222
152
+24.8%
Pre-tax income
640
434
340
+47.6%
Income tax
7.2
6.8
-2.3
+6.6%
Effective tax rate
1.1%
1.6%
-0.7%
Net income
633
427
338
+48.2%
Net margin
13.0%
9.8%
10.8%
Diluted EPS
$2.78
$1.86
$1.62
+49.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
1,264
1,042
636
+21.3%
Capital expenditure
1,092
1,122
965
-2.7%
Free cash flow
172
-79.8
-329
Free cash flow margin
3.5%
-1.8%
-10.5%
Cash from investing
-1,129
-1,206
-1,797
Cash from financing
-123
196
1,189
Depreciation and amortisation
446
450
305
-1.0%
Share-based compensation
66.4
42.2
14.6
+57.3%
Buybacks
50.0
107
82.0
-53.4%
Diluted shares, weighted
228m
230m
212m
-1.0%
Shares outstanding at period end
227m
228m
228m
-0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,538
3,781
3,519
+20.0%
Debt
6,399
6,398
6,080
+0.0%
Other liabilities
2,037
2,086
1,870
-2.3%
Total liabilities and equity
12,974
12,265
11,469
+5.8%
Fixed assets
10,118
9,459
8,624
+7.0%
Goodwill
1,389
1,389
1,389
0.0%
Intangible assets
818
818
818
0.0%
Cash and equivalents
128
116
84.8
+10.7%
Receivables
63.2
45.0
32.4
+40.5%
Inventory
66.3
58.2
56.6
+13.9%
Other assets
392
380
465
+3.0%
Total assets
12,974
12,265
11,469
+5.8%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.