Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue      
Total revenue $ 6,055,126 $ 5,396,175 $ 4,874,340
Cruise operating expense      
Commissions, transportation and other 998,948 894,406 813,559
Payroll and related 881,606 803,632 746,142
Fuel 392,685 361,032 335,174
Total cruise operating expense 3,377,076 3,063,644 2,850,225
Other operating expense      
Marketing, general and administrative 897,929 773,755 666,156
Depreciation and amortization 561,060 509,957 432,495
Total other operating expense 1,458,989 1,283,712 1,098,651
Operating income 1,219,061 1,048,819 925,464
Non-operating income (expense)      
Interest expense, net (270,404) (267,804) (276,859)
Other income (expense), net 20,653 (10,401) (8,302)
Total non-operating income (expense) (249,751) (278,205) (285,161)
Net income before income taxes 969,310 770,614 640,303
Income tax expense (14,467) (10,742) (7,218)
Net income $ 954,843 $ 759,872 $ 633,085
Weighted-average shares outstanding      
Basic (in shares) 223,001,739 228,040,825 227,121,875
Diluted (in shares) 224,419,205 229,418,326 227,850,286
Earnings per share      
Basic (in dollars per share) $ 4.28 $ 3.33 $ 2.79
Diluted (in dollars per share) $ 4.25 $ 3.31 $ 2.78
Passenger ticket      
Revenue      
Total revenue $ 4,259,815 $ 3,750,030 $ 3,388,954
Onboard and other      
Revenue      
Total revenue 1,795,311 1,646,145 1,485,386
Cruise operating expense      
Total cruise operating expense 348,656 319,293 298,886
Food      
Cruise operating expense      
Total cruise operating expense 216,031 198,357 200,071
Other      
Cruise operating expense      
Total cruise operating expense $ 539,150 $ 486,924 $ 456,393