Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
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| Revenue | ||||
| Passenger ticket | $ 938,014 | $ 818,478 | $ 1,724,708 | $ 1,558,590 |
| Onboard and other | 406,089 | 368,357 | 770,176 | 705,877 |
| Total revenue | 1,344,103 | 1,186,835 | 2,494,884 | 2,264,467 |
| Cruise operating expense | ||||
| Commissions, transportation and other | 223,315 | 193,536 | 417,455 | 368,973 |
| Onboard and other | 83,367 | 75,790 | 151,778 | 139,755 |
| Payroll and related | 194,724 | 184,476 | 387,360 | 361,619 |
| Fuel | 86,663 | 80,607 | 175,549 | 162,279 |
| Food | 47,340 | 49,769 | 93,518 | 100,772 |
| Other | 116,833 | 121,722 | 246,380 | 236,983 |
| Total cruise operating expense | 752,242 | 705,900 | 1,472,040 | 1,370,381 |
| Other operating expense | ||||
| Marketing, general and administrative | 193,649 | 149,307 | 385,693 | 329,881 |
| Depreciation and amortization | 123,141 | 104,610 | 242,346 | 205,905 |
| Total other operating expense | 316,790 | 253,917 | 628,039 | 535,786 |
| Operating income | 275,071 | 227,018 | 394,805 | 358,300 |
| Non-operating income (expense) | ||||
| Interest expense, net | (64,196) | (68,420) | (117,156) | (128,174) |
| Other income (expense), net | (5,609) | (10,753) | (8,424) | (7,948) |
| Total non-operating income (expense) | (69,805) | (79,173) | (125,580) | (136,122) |
| Net income before income taxes | 205,266 | 147,845 | 269,225 | 222,178 |
| Income tax expense | (6,793) | (2,599) | (8,842) | (3,703) |
| Net income | $ 198,473 | $ 145,246 | $ 260,383 | $ 218,475 |
| Weighted-average shares outstanding | ||||
| Basic (in shares) | 227,931,135 | 226,972,076 | 227,701,109 | 227,105,804 |
| Diluted (in shares) | 229,090,085 | 227,884,704 | 228,824,296 | 227,997,970 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.87 | $ 0.64 | $ 1.14 | $ 0.96 |
| Diluted (in dollars per share) | $ 0.87 | $ 0.64 | $ 1.14 | $ 0.96 |
| X | ||||||||||
- Definition Commissions, transportation and other primarily consists of direct costs associated with passenger ticket revenue. These costs include travel agent commissions, air and land transportation expenses, related credit card fees, costs associated with service charges and certain port expenses. No definition available.
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- Definition Onboard and other primarily consists of direct costs that are incurred in connection with onboard and other revenue. these include costs incurred in connection with shore excursions, beverage sales and gaming. No definition available.
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- Definition Onboard and other revenue primarily consists of revenue from gaming, beverage sales, specialty dining, shore excursions, retail sales and spa services. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate direct operating costs incurred during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cost related to generating revenue from the sale of food (prepared and cooked-to-order foodstuffs, as well as snack items) and beverages (bottled or on-tap alcoholic beverages, as well as nonalcoholic beverages like carbonated drinks, juices, energy/sports drinks, water, coffee, and tea). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Other costs incurred and are directly related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition A transportation (plane, train, ship) carrier's fare revenue recognized in the period from carrying passengers between destinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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