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10-Q Filing

NORWEGIAN CRUISE LINE HOLDINGS LTD. CIK: 1513761 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-176597
Period End Date 20140331
Filing Date 20140501
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance nclh-20140331.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Ordinary shares, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Ordinary shares, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Ordinary shares, authorized CommonStockSharesAuthorized 490.00M shares Point-in-time
Ordinary shares, authorized CommonStockSharesAuthorized 490.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.20M USD Point-in-time
Ordinary shares, issued CommonStockSharesIssued 205.24M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.76M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.47M USD Point-in-time
Ordinary shares, issued CommonStockSharesIssued 205.16M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.50M USD Point-in-time
Ordinary shares, outstanding CommonStockSharesOutstanding 205.24M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $18.26M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $18.00M USD Point-in-time
Ordinary shares, outstanding CommonStockSharesOutstanding 205.16M shares Point-in-time
Inventories InventoryNet $43.72M USD Point-in-time
Inventories InventoryNet $48.11M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $64.48M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $56.36M USD Point-in-time
Total current assets AssetsCurrent $187.22M USD Point-in-time
Total current assets AssetsCurrent $182.92M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $5.65B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $6.33B USD Point-in-time
Goodwill and tradenames IntangibleAssetsNetIncludingGoodwill $611.33M USD Point-in-time
Goodwill and tradenames IntangibleAssetsNetIncludingGoodwill $611.33M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $193.08M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $209.05M USD Point-in-time
Total assets Assets $6.65B USD Point-in-time
Total assets Assets $7.32B USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $286.57M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $363.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $86.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $79.59M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $244.88M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $253.75M USD Point-in-time
Due to Affiliate DueToAffiliateCurrent $36.54M USD Point-in-time
Due to Affiliate DueToAffiliateCurrent $36.78M USD Point-in-time
Advance ticket sales CustomerAdvancesCurrent $531.94M USD Point-in-time
Advance ticket sales CustomerAdvancesCurrent $411.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.08B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.26B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $3.29B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $2.84B USD Point-in-time
Due to Affiliate DueToAffiliateNoncurrent $55.27M USD Point-in-time
Due to Affiliate DueToAffiliateNoncurrent $55.13M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $47.88M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $46.28M USD Point-in-time
Total liabilities Liabilities $4.02B USD Point-in-time
Total liabilities Liabilities $4.65B USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 7) CommitmentsAndContingencies - USD Point-in-time
Ordinary shares, $.001 par value; 490,000,000 shares authorized; 205,236,705 and 205,160,340 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $205.00K USD Point-in-time
Ordinary shares, $.001 par value; 490,000,000 shares authorized; 205,236,705 and 205,160,340 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively CommonStockValue $205.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.81B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $2.82B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-31.66M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-16.69M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-197.47M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-146.20M USD Point-in-time
Total shareholders' equity controlling interest StockholdersEquity $2.61B USD Point-in-time
Total shareholders' equity controlling interest StockholdersEquity $2.63B USD Point-in-time
Non-controlling interest MinorityInterest $34.98M USD Point-in-time
Non-controlling interest MinorityInterest $22.36M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.63B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.67B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.40B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $6.65B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $7.32B USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Passenger ticket PassengerRevenue $358.93M USD 1 Quarter
Passenger ticket PassengerRevenue $458.49M USD 1 Quarter
Onboard and other OnboardAndOtherRevenue $205.54M USD 1 Quarter
Onboard and other OnboardAndOtherRevenue $168.70M USD 1 Quarter
Total revenue Revenues $527.63M USD 1 Quarter
Total revenue Revenues $664.03M USD 1 Quarter
Commissions, transportation and other CommissionsTransportationAndOtherCost $94.58M USD 1 Quarter
Commissions, transportation and other CommissionsTransportationAndOtherCost $116.81M USD 1 Quarter
Onboard and other OnboardAndOtherExpense $42.37M USD 1 Quarter
Onboard and other OnboardAndOtherExpense $47.92M USD 1 Quarter
Payroll and related LaborAndRelatedExpense $99.07M USD 1 Quarter
Payroll and related LaborAndRelatedExpense $74.04M USD 1 Quarter
Fuel FuelCosts $79.04M USD 1 Quarter
Fuel FuelCosts $72.50M USD 1 Quarter
Food FoodAndBeverageCostOfSales $29.96M USD 1 Quarter
Food FoodAndBeverageCostOfSales $37.68M USD 1 Quarter
Other OtherCostOfServices $49.24M USD 1 Quarter
Other OtherCostOfServices $65.39M USD 1 Quarter
Total cruise operating expense CostOfServices $362.69M USD 1 Quarter
Total cruise operating expense CostOfServices $445.91M USD 1 Quarter
Marketing, general and administrative SellingGeneralAndAdministrativeExpense $85.21M USD 1 Quarter
Marketing, general and administrative SellingGeneralAndAdministrativeExpense $83.39M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $61.64M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $48.75M USD 1 Quarter
Total other operating expense OtherCostAndExpenseOperating $133.95M USD 1 Quarter
Total other operating expense OtherCostAndExpenseOperating $145.03M USD 1 Quarter
Operating income OperatingIncomeLoss $30.99M USD 1 Quarter
Operating income OperatingIncomeLoss $73.09M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-31.17M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-127.66M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $388.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $1.36M USD 1 Quarter
Total non-operating income (expense) NonoperatingIncomeExpense $-126.29M USD 1 Quarter
Total non-operating income (expense) NonoperatingIncomeExpense $-30.78M USD 1 Quarter
Net income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $42.30M USD 1 Quarter
Net income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-95.30M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $-9.39M USD 1 Quarter
Income tax benefit (expense) IncomeTaxExpenseBenefit $2.20M USD 1 Quarter
Net income (loss) ProfitLoss $51.69M USD 1 Quarter
Net income (loss) ProfitLoss $-97.50M USD 1 Quarter
Net income (loss) attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $425.00K USD 1 Quarter
Net income (loss) attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-1.10M USD 1 Quarter
Net income (loss) attributable to Norwegian Cruise Line Holdings Ltd. NetIncomeLoss $-96.39M USD 1 Quarter
Net income (loss) attributable to Norwegian Cruise Line Holdings Ltd. NetIncomeLoss $51.27M USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 198.35M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 205.16M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 198.35M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 211.01M shares 1 Quarter
Basic EarningsPerShareBasic $0.25 USD 1 Quarter
Basic EarningsPerShareBasic $-0.49 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.24 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.49 USD 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $51.69M USD 1 Quarter
Net income (loss) ProfitLoss $-97.50M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $69.71M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $55.48M USD 1 Quarter
Loss (gain) on derivatives UnrealizedGainLossOnDerivatives $-112.00K USD 1 Quarter
Loss (gain) on derivatives UnrealizedGainLossOnDerivatives $75.00K USD 1 Quarter
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $2.04M USD 1 Quarter
Deferred income taxes, net DeferredIncomeTaxExpenseBenefit $1.03M USD 1 Quarter
Write-off of deferred financing fees WriteOffOfDeferredDebtIssuanceCost $14.04M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $18.75M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $1.83M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-260.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-1.68M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.39M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.61M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-488.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $6.48M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-7.20M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-11.43M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-8.31M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $3.43M USD 1 Quarter
Advance ticket sales IncreaseDecreaseInCustomerAdvances $118.32M USD 1 Quarter
Advance ticket sales IncreaseDecreaseInCustomerAdvances $109.35M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $82.09M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $228.13M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $85.15M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $746.31M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-746.31M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-85.15M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $258.12M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $1.09B USD 1 Quarter
Repayments to Affiliate PaymentsOfDistributionsToAffiliates $79.65M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $784.45M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $744.52M USD 1 Quarter
Proceeds from the issuance of ordinary shares, net ProceedsFromIssuanceOfCommonStock $473.02M USD 1 Quarter
Proceeds from the exercise of share options ProceedsFromStockOptionsExercised $340.00K USD 1 Quarter
Deferred financing fees and other PaymentsOfFinancingCosts $197.00K USD 1 Quarter
Deferred financing fees and other PaymentsOfFinancingCosts $6.12M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $526.47M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $38.76M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $8.29M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $35.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $81.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $64.76M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $56.47M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $45.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $81.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $64.76M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $56.47M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $45.50M USD Point-in-time
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.63B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.67B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.40B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $28.75M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.83M USD 1 Quarter
Transactions with Affiliates, net TransactionsWithAffiliateNet $-51.00K USD 1 Quarter
Transactions with Affiliates, net TransactionsWithAffiliateNet $-59.00K USD 1 Quarter
Proceeds from the exercise of share options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions $340.00K USD 1 Quarter
IPO proceeds, net StockIssuedDuringPeriodValueNewIssues $473.02M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-21.41M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-15.11M USD 1 Quarter
Net income (loss) ProfitLoss $51.69M USD 1 Quarter
Net income (loss) ProfitLoss $-97.50M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.63B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.67B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.40B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.02B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $51.69M USD 1 Quarter
Net income (loss) ProfitLoss $-97.50M USD 1 Quarter
Shipboard Retirement Plan OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-117.00K USD 1 Quarter
Shipboard Retirement Plan OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-94.00K USD 1 Quarter
Net unrealized loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-19.70M USD 1 Quarter
Net unrealized loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-15.36M USD 1 Quarter
Amount realized and reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $1.84M USD 1 Quarter
Amount realized and reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-153.00K USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-21.41M USD 1 Quarter
Total other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-15.11M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $36.58M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-118.92M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.59M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $288.00K USD 1 Quarter
Total comprehensive income (loss) attributable to Norwegian Cruise Line Holdings Ltd. ComprehensiveIncomeNetOfTax $-117.32M USD 1 Quarter
Total comprehensive income (loss) attributable to Norwegian Cruise Line Holdings Ltd. ComprehensiveIncomeNetOfTax $36.30M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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