Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenue      
Passenger ticket $ 1,815,869 $ 1,604,563 $ 1,563,363
Onboard and other 754,425 671,683 655,961
Total revenue 2,570,294 2,276,246 2,219,324
Cruise operating expense      
Commissions, transportation and other 455,816 410,531 410,709
Onboard and other 195,526 173,916 169,329
Payroll and related 340,430 293,059 290,822
Fuel 303,439 283,678 243,503
Food 136,785 125,807 124,933
Other 225,663 191,442 228,580
Total cruise operating expense 1,657,659 1,478,433 1,467,876
Other operating expense      
Marketing, general and administrative 301,155 251,183 251,351
Depreciation and amortization 215,593 189,537 183,985
Total other operating expense 516,748 440,720 435,336
Operating income 395,887 357,093 316,112
Non-operating income (expense)      
Interest expense, net (282,602) (189,930) (190,187)
Other income (expense) 1,403 2,099 2,634
Total non-operating income (expense) (281,199) (187,831) (187,553)
Net income before income taxes 114,688 169,262 128,559
Income tax expense (11,802) (706) (1,700)
Net income 102,886 168,556 126,859
Net income attributable to non-controlling interest 1,172    
Net income attributable to Norwegian Cruise Line Holdings Ltd. $ 101,714 $ 168,556 $ 126,859
Weighted-average shares outstanding      
Basic 202,993,839 [1] 178,232,850 [1] 177,869,461 [1]
Diluted 209,239,484 [1] 179,023,683 [1] 178,859,720 [1]
Earnings per share      
Basic $ 0.50 $ 0.95 $ 0.71
Diluted $ 0.49 $ 0.94 $ 0.71
[1] We have retrospectively applied the exchange of ordinary shares due to the Corporate Reorganization as the effect is substantially the same as a stock split.