Norwegian Cruise Line Holdings (NCLH) FY2021 results: revenue $648 million, down 49.4% on the year
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $648 million for fiscal 2021, the year ended 31 December 2021, down 49.4% on the year before. Net income was -$4.5 billion, and diluted earnings per share $-12.33. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$648 million
-49.4% on the year
FY2014FY2021
Operating margin
-393.9%
-272.2% a year earlier
FY2014FY2021
Net income
-$4.5 billion
FY2014FY2021
Diluted EPS
-$12.33
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
-2,468
-2,556
1,823
Capital expenditure
753
947
1,637
-20.5%
Free cash flow
-3,221
-3,503
185
Free cash flow margin
-497.1%
-273.7%
2.9%
Cash from investing
-1,004
-975
-1,680
Cash from financing
1,678
6,579
-53.4
-74.5%
Depreciation and amortisation
759
740
647
+2.6%
Share-based compensation
124
111
95.1
+11.5%
Buybacks
n/a
n/a
350
Diluted shares, weighted
365m
255m
216m
+43.5%
Shares outstanding at period end
417m
316m
213m
+32.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,433
4,354
6,516
-44.1%
Debt
12,447
11,806
6,802
+5.4%
Operating lease liabilities
671
185
n/a
+261.7%
Finance lease liabilities
n/a
4.6
n/a
Other liabilities
3,180
2,049
3,367
+55.2%
Total liabilities and equity
18,730
18,399
16,685
+1.8%
Fixed assets
13,529
13,411
13,135
+0.9%
Goodwill
98.1
98.1
1,389
0.0%
Intangible assets
501
501
818
0.0%
Investments
240
n/a
n/a
Cash and equivalents
1,507
3,300
253
-54.4%
Receivables
1,167
20.6
75.1
+5,573.4%
Inventory
118
82.4
95.4
+43.5%
Other assets
1,570
986
919
+59.2%
Total assets
18,730
18,399
16,685
+1.8%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.