Norwegian Cruise Line Holdings (NCLH) FY2023 results: revenue $8.5 billion, up 76.5% on the year
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $8.5 billion for fiscal 2023, the year ended 31 December 2023, up 76.5% on the year before. Net income was $166 million, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$8.5 billion
+76.5% on the year
FY2016FY2023
Operating margin
10.9%
-32.0% a year earlier
FY2016FY2023
Net income
$166 million
FY2016FY2023
Diluted EPS
$0.39
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
2,006
210
-2,468
+855.0%
Capital expenditure
2,750
1,784
753
+54.2%
Free cash flow
-745
-1,574
-3,221
Free cash flow margin
-8.7%
-32.5%
-497.1%
Cash from investing
-2,897
-1,756
-1,004
Cash from financing
347
986
1,678
-64.8%
Depreciation and amortisation
883
810
759
+9.0%
Share-based compensation
119
114
124
+4.7%
Diluted shares, weighted
427m
420m
365m
+1.8%
Shares outstanding at period end
426m
421m
417m
+1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
301
68.6
2,433
+338.6%
Debt
14,059
13,622
12,447
+3.2%
Operating lease liabilities
645
588
671
+9.6%
Other liabilities
4,489
4,280
3,180
+4.9%
Total liabilities and equity
19,493
18,558
18,730
+5.0%
Fixed assets
16,433
14,516
13,529
+13.2%
Goodwill
98.1
98.1
98.1
0.0%
Intangible assets
501
501
501
0.0%
Investments
n/a
n/a
240
Cash and equivalents
402
947
1,507
-57.5%
Receivables
280
326
1,167
-14.1%
Inventory
158
149
118
+6.0%
Other assets
1,621
2,021
1,570
-19.8%
Total assets
19,493
18,558
18,730
+5.0%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.