| Schedule of Quarterly Financial Information |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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2013 |
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2012 |
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2013 |
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2012 |
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2013 |
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2012 |
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2013 |
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2012 |
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Total revenue
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$ |
527,631 |
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$ |
515,430 |
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$ |
644,433 |
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$ |
583,234 |
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$ |
797,885 |
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$ |
674,411 |
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$ |
600,345 |
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$ |
503,171 |
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Operating income
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30,988 |
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46,444 |
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95,389 |
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87,006 |
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208,080 |
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174,138 |
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61,430 |
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49,505 |
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Net income (loss)
attributable to Norwegian Cruise Line Holdings Ltd.
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(96,395 |
)(1) |
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3,284 |
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(8,841 |
)(2) |
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36,031 |
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170,858 |
(3) |
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128,188 |
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36,092 |
(4) |
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1,053 |
(5) |
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Earnings (loss) per
share:
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Basic
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$ |
(0.49 |
) |
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$ |
0.02 |
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$ |
(0.04 |
) |
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$ |
0.20 |
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$ |
0.84 |
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$ |
0.72 |
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$ |
0.18 |
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$ |
0.01 |
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Diluted
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$ |
(0.49 |
) |
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$ |
0.02 |
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$ |
(0.04 |
) |
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$ |
0.20 |
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$ |
0.82 |
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$ |
0.72 |
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$ |
0.17 |
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$ |
0.01 |
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The seasonality
of the North American cruise industry generally results in the
greatest demand for cruises during the summer months. This
predictable seasonality in demand has resulted in fluctuations in
our revenue and results of operations. The seasonality of our
results is increased due to ships being taken out of service for
regularly scheduled Dry-docks, which we typically scheduled during
non-peak demand periods.
| (1) |
Includes $110.4 million of
expenses associated with debt prepayments, non-cash compensation,
changes in corporate entity structure and other supplemental
adjustments. |
| (2) |
Includes $69.1 million of
expenses associated with debt prepayments, non-cash compensation,
changes in corporate entity structure and other supplemental
adjustments. |
| (3) |
Includes $9.3 million of
expenses associated with non-cash compensation, changes in
corporate entity structure and a Secondary Offering. |
| (4) |
Includes $4.1 million of
expenses, net related to non-cash compensation, a Secondary
Offering and benefits incurred from changes in corporate entity
structure. |
| (5) |
Includes a non-recurring
share-based compensation charge of $4.5 million related to a former
CEO. |
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