NCLH · XBRL financial data

Norwegian Cruise Line Holdings financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NCLH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cost of goods and services sold	1,693	1,608	4,267	5,469	5,689	5,639
Selling, general and administrative	745	891	1,379	1,342	1,435	1,549
Total operating expenses	3,071	1,592	2,128	2,150	2,325	2,628
Operating income (loss)	(3,484)	(2,552)	(1,552)	931	1,466	1,561
Interest expense	93	2,100	800	728	—	—
Other income (expense)	(34)	124	77	(40)	54	(179)
Income tax expense (benefit)	12	5	(7)	(3)	(137)	5
Net income (loss)	(4,013)	(4,507)	(2,270)	166	910	423
Earnings per share, basic USD per share	(15.75)	(12.33)	(5.41)	0.39	2.09	0.94
Earnings per share, diluted USD per share	(15.75)	(12.33)	(5.41)	0.39	1.89	0.92
Weighted average shares, basic millions of shares	255	365	420	424	435	449
Weighted average shares, diluted millions of shares	255	365	420	427	515	478

Fiscal years (NCLH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3,300	1,507	947	402	191	210
Short-term investments	—	240	—	—	—	—
Accounts receivable	21	1,167	326	280	221	292
Inventory	82	118	149	158	150	138
Prepaid and other current assets	154	269	451	473	448	499
Total current assets	3,558	3,302	1,873	1,313	1,010	1,139
Property and equipment, net	13,411	13,529	14,516	16,433	16,811	19,069
Right-of-use asset	209	794	707	754	899	1,090
Goodwill	98	98	98	98	136	136
Total assets	18,399	18,730	18,558	19,493	19,970	22,541
Accounts payable	83	233	229	174	171	170
Total current liabilities	1,914	3,730	5,055	6,039	5,781	5,453
Lease liability, non-current	185	671	588	645	789	898
Total liabilities	14,045	16,297	18,489	19,192	18,544	20,332
Accumulated deficit	(295)	(4,796)	(7,066)	(6,900)	(5,990)	(5,567)
Total stockholders' equity	4,354	2,433	69	301	1,425	2,210
Total liabilities and equity	18,399	18,730	18,558	19,493	19,970	22,541
Common shares outstanding (cover page) millions of shares	316	417	422	426	440	456

Fiscal years (NCLH's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(4,013)	(4,507)	(2,270)	166	910	423
Stock-based compensation	111	124	114	119	92	88
Depreciation and amortization	740	759	810	883	974	1,162
Net cash from operating activities	(2,556)	(2,468)	210	2,006	2,050	2,090
Purchases of property and equipment	947	753	1,784	2,750	1,211	3,260
Net cash from investing activities	(975)	(1,004)	(1,756)	(2,897)	(1,229)	(3,265)
Proceeds from issuing common stock	1,542	2,666	—	—	—	145
Proceeds from long-term debt	6,075	2,601	3,003	4,323	1,299	9,738
Repayments of long-term debt	892	2,113	1,770	3,758	2,169	8,173
Net cash from financing activities	6,579	1,678	986	347	(1,032)	1,194
Net change in cash	3,048	(1,794)	(560)	(545)	(212)	19

SIC 4400 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4400 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Norwegian Cruise Line Holdings	257	2,947	292*	459.3M	Q3 FY26 10-QSep 30, 2026
Kirby	39	922	72*	52.8M	Q2 FY26 10-QJun 30, 2026
Carnival	1,424	6,165	1,263	1.2B	Q1 FY26 10-QFeb 28, 2026
Matson	119	969	138*	29.9M	Q2 FY26 10-QJun 30, 2026
Carnival	1,220	8,435	1,410*	1.3B	Q3 FY26 10-QAug 31, 2026
Tidewater	614	342	67*	49.8M	Q2 FY26 10-QJun 30, 2026
International Seaways	159	467	268*	49.5M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.