Norwegian Cruise Line Holdings (NCLH) FY2022 results: revenue $4.8 billion, up 647.5% on the year
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $4.8 billion for fiscal 2022, the year ended 31 December 2022, up 647.5% on the year before. Net income was -$2.3 billion, and diluted earnings per share $-5.41. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2023.
Revenue
$4.8 billion
+647.5% on the year
FY2015FY2022
Operating margin
-32.0%
-393.9% a year earlier
FY2015FY2022
Net income
-$2.3 billion
FY2015FY2022
Diluted EPS
-$5.41
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
210
-2,468
-2,556
Capital expenditure
1,784
753
947
+136.9%
Free cash flow
-1,574
-3,221
-3,503
Free cash flow margin
-32.5%
-497.1%
-273.7%
Cash from investing
-1,756
-1,004
-975
Cash from financing
986
1,678
6,579
-41.2%
Depreciation and amortisation
810
759
740
+6.8%
Share-based compensation
114
124
111
-8.5%
Diluted shares, weighted
420m
365m
255m
+14.9%
Shares outstanding at period end
421m
417m
316m
+1.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
68.6
2,433
4,354
-97.2%
Debt
13,622
12,447
11,806
+9.4%
Operating lease liabilities
588
671
185
-12.3%
Finance lease liabilities
n/a
n/a
4.6
Other liabilities
4,280
3,180
2,049
+34.6%
Total liabilities and equity
18,558
18,730
18,399
-0.9%
Fixed assets
14,516
13,529
13,411
+7.3%
Goodwill
98.1
98.1
98.1
0.0%
Intangible assets
501
501
501
0.0%
Investments
n/a
240
n/a
Cash and equivalents
947
1,507
3,300
-37.1%
Receivables
326
1,167
20.6
-72.1%
Inventory
149
118
82.4
+25.8%
Other assets
2,021
1,570
986
+28.7%
Total assets
18,558
18,730
18,399
-0.9%
10-K for the year ended 31 December 2022, filed 28 February 2023: the filing.