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NORWEGIAN CRUISE LINE HOLDINGS LTD.

CIK: 1513761 SIC: 4400
$9.83B
Revenue
$423.25M
Net Income
42.62%
Gross Margin
15.88%
Op. Margin
$-2.48B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 5 of 13 annual reports available (2013 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
+ Total Revenue $9.83B $9.83B $9.48B $8.55B $4.84B $647.99M
Revenue Growth % 0.0% 3.7% 10.9% 76.5% 647.5% nan%
Cost of Revenue $5.64B $5.64B $5.69B $5.47B $4.27B $1.61B
+ Gross Profit $4.19B $4.19B $3.79B $3.08B $576.67M $-960.05M
Gross Margin % 42.6% 42.6% 40.0% 36.0% 11.9% -148.2%
Operating Expenses $2.63B $2.63B $2.33B $2.15B $2.13B $1.59B
Selling General & Admin $1.55B $1.55B $1.43B $1.34B $1.38B $891.45M
+ Operating Income $1.56B $1.56B $1.47B $930.91M $-1.55B $-2.55B
Operating Margin % 15.9% 15.9% 15.5% 10.9% -32.0% -393.9%
Interest Expense - $952.00M $772.60M $822.50M - -
Other Income/Expense $-178.64M $-178.64M $54.22M $-40.20M $76.57M $123.95M
Income Before Tax $428.72M $428.72M $772.91M $163.18M $-2.28B $-4.50B
Income Tax Expense $5.47M $5.47M $-137.35M $-3.00M $-6.79M $5.27M
+ Net Income $423.25M $423.25M $910.26M $166.18M $-2.27B $-4.51B
Net Margin % 4.3% 4.3% 9.6% 1.9% -46.9% -695.5%
Basic EPS 0.93 0.94 2.09 0.39 -5.41 -12.33
Diluted EPS 0.89 0.92 1.89 0.39 -5.41 -12.33
Basic Shares Outstanding - 448.5M 435.3M 424.4M 419.8M 365.4M
Diluted Shares Outstanding - 477.7M 515.0M 427.4M 419.8M 365.4M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Cash & Cash Equivalents $209.89M $190.76M $402.42M $946.99M $1.51B
Short-term Investments - - - - $240.00M
Accounts Receivable $291.66M $221.41M $280.27M $326.27M $1.17B
Inventory $138.18M $149.72M $157.65M $148.72M $118.20M
Other Current Assets $498.81M $448.21M $472.82M $450.89M $269.24M
Total Current Assets $1.14B $1.01B $1.31B $1.87B $3.30B
Property Plant & Equipment $19.07B $16.81B $16.43B $14.52B $13.53B
Goodwill $135.76M $135.76M $98.13M $98.13M $98.13M
Intangible Assets $500.52M $500.52M $500.52M $500.52M $500.52M
Other Non-current Assets $1.70B $1.51B $1.15B $1.57B $1.30B
Total Assets $22.54B $19.97B $19.49B $18.56B $18.73B
Accounts Payable $169.66M $171.11M $174.34M $228.74M $233.17M
Deferred Revenue $3.20B $3.11B $3.06B $2.52B $1.56B
Total Current Liabilities $5.45B $5.78B $6.04B $5.05B $3.73B
Long-term Debt $13.73B $11.78B $12.31B $12.63B $11.57B
Other Non-current Liabilities $1.15B $986.79M $839.34M $803.85M $997.05M
Total Liabilities $20.33B $18.54B $19.19B $18.49B $16.30B
Common Stock $455.00K $440.00K $425.00K $421.00K $417.00K
Retained Earnings $-5.57B $-5.99B $-6.90B $-7.07B $-4.80B
Total Stockholders Equity $2.21B $1.43B $300.81M $68.59M $2.43B
Total Liabilities & Equity $22.54B $19.97B $19.49B $18.56B $18.73B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
Net Income $423.25M $423.25M $910.26M $166.18M $-2.27B $-4.51B
Depreciation & Amortization $1.93B $1.16B $973.51M $883.24M $810.05M $758.60M
Stock-based Compensation $154.85M $88.39M $91.78M $118.94M $113.56M $124.08M
Deferred Income Tax - $4.34M $-156.15M $-132.00K - -
Change in Receivables $170.74M $73.77M $-49.30M $-39.65M $-828.66M $1.16B
Change in Inventory $6.43M $-11.02M $-6.95M $11.04M $33.61M $37.48M
Change in Payables $21.59M $-1.52M $-20.21M $-50.98M $-16.20M $152.03M
Operating Cash Flow $4.16B $2.09B $2.05B $2.01B $210.02M $-2.47B
Capital Expenditure $6.64B $3.26B $1.21B $2.75B $1.78B $752.84M
Acquisitions - - $27.32M - - -
Investing Cash Flow $-6.66B $-3.26B $-1.23B $-2.90B $-1.76B $-1.00B
Debt Repayment $14.76B $8.17B $2.17B $3.76B $1.77B $2.11B
Stock Issued - $144.96M - - - $2.67B
Financing Cash Flow $2.51B $1.19B $-1.03B $346.86M $986.22M $1.68B
Net Change in Cash $5.97M $19.13M $-211.65M $-544.57M $-559.66M $-1.79B
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $2.94B $2.81B $7.58B $7.37B
Cost of Revenue $1.55B $1.54B $4.32B $4.38B
Operating Expenses $633.83M $576.43M $1.89B $1.74B
Selling General & Admin $383.00M $358.00M $1.17B $1.07B
Operating Income $749.45M $691.21M $1.37B $1.25B
Other Income/Expense $13.00M $-34.15M $-167.93M $-14.11M
Income Before Tax $433.64M $481.85M $422.83M $665.19M
Income Tax Expense $14.34M $6.92M $13.84M $9.47M
Net Income $419.30M $474.93M $408.99M $655.72M
Basic EPS 0.93 1.08 0.92 1.51
Diluted EPS 0.86 0.95 0.87 1.37
Basic Shares Outstanding $451.00M $439.70M $446.28M $433.79M
Diluted Shares Outstanding $495.73M $514.88M $505.32M $514.00M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $166.80M $190.76M
Accounts Receivable $252.63M $221.41M
Inventory $155.51M $149.72M
Other Current Assets $466.41M $448.21M
Total Current Assets $1.04B $1.01B
Property Plant & Equipment $18.94B $16.81B
Goodwill $135.76M $135.76M
Intangible Assets $500.52M $500.52M
Other Non-current Assets $1.60B $1.51B
Total Assets $22.21B $19.97B
Accounts Payable $193.40M $171.11M
Deferred Revenue $3.15B $3.11B
Total Current Liabilities $5.35B $5.78B
Long-term Debt $13.65B $11.78B
Other Non-current Liabilities $1.03B $986.79M
Total Liabilities $20.02B $18.54B
Common Stock $455.00K $440.00K
Retained Earnings $-5.58B $-5.99B
Total Stockholders Equity $2.19B $1.43B
Total Liabilities & Equity $22.21B $19.97B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $419.30M $474.93M $408.99M $655.72M
Depreciation & Amortization $250.83M $218.43M $787.76M $726.88M
Stock-based Compensation - - $64.60M $65.57M
Change in Receivables - - $32.05M $-72.34M
Change in Inventory - - $6.32M $-12.16M
Change in Payables - - $49.58M $-8.39M
Operating Cash Flow - - $1.63B $1.65B
Capital Expenditure - - $2.82B $967.52M
Acquisitions - - - $27.32M
Investing Cash Flow - - $-2.83B $-985.67M
Debt Repayment - - $7.72B $1.27B
Stock Issued - - $145.27M -
Financing Cash Flow - - $1.18B $-734.79M
Net Change in Cash - - $-23.96M $-69.89M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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