Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Total revenue $ 1,279,908 $ 6,462,376 $ 6,055,126
Cruise operating expense      
Payroll and related 521,301 924,157 881,606
Fuel 264,712 409,602 392,685
Total cruise operating expense 1,693,061 3,663,261 3,377,076
Other operating expense      
Marketing, general and administrative 745,345 974,850 897,929
Depreciation and amortization 717,840 646,188 561,060
Impairment loss 1,607,797    
Total other operating expense 3,070,982 1,621,038 1,458,989
Operating income (loss) (3,484,135) 1,178,077 1,219,061
Non-operating income (expense)      
Interest expense, net (482,313) (272,867) (270,404)
Other income (expense), net (33,599) 6,155 20,653
Total non-operating income (expense) (515,912) (266,712) (249,751)
Net income (loss) before income taxes (4,000,047) 911,365 969,310
Income tax benefit (expense) (12,467) 18,863 (14,467)
Net income (loss) $ (4,012,514) $ 930,228 $ 954,843
Weighted-average shares outstanding      
Basic (in shares) 254,728,932 214,929,977 223,001,739
Diluted (in shares) 254,728,932 216,475,076 224,419,205
Earnings (loss) per share      
Basic (in dollars per share) $ (15.75) $ 4.33 $ 4.28
Diluted (in dollars per share) $ (15.75) $ 4.30 $ 4.25
Passenger ticket      
Revenue      
Total revenue $ 867,110 $ 4,517,393 $ 4,259,815
Onboard and other      
Revenue      
Total revenue 412,798 1,944,983 1,795,311
Cruise operating expense      
Total cruise operating expense 85,678 394,673 348,656
Commissions, transportation and other      
Cruise operating expense      
Total cruise operating expense 380,710 1,120,886 998,948
Food      
Cruise operating expense      
Total cruise operating expense 65,369 222,602 216,031
Other      
Cruise operating expense      
Total cruise operating expense $ 375,291 $ 591,341 $ 539,150