10-Q Filing

NORWEGIAN CRUISE LINE HOLDINGS LTD. CIK: 1513761 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-16-015066`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	nclh-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 48 Cash Flow Statement 56 Stockholders Equity 18 Comprehensive Income 12

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Ordinary shares, par value (in dollars per shares)	`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`	$115.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.87M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	232.31M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$84.82M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	232.18M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	227.82M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.61M	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	227.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$45.00M	USD	Point-in-time
Inventories	`InventoryNet`	$62.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.31M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.36M	shares	Point-in-time
Inventories	`InventoryNet`	$58.17M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.31M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$130.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$340.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$392.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.46B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$9.49B	USD	Point-in-time
Goodwill	`Goodwill`	$1.39B	USD	Point-in-time
Goodwill	`Goodwill`	$1.39B	USD	Point-in-time
Tradenames	`IntangibleAssetsNetExcludingGoodwill`	$817.52M	USD	Point-in-time
Tradenames	`IntangibleAssetsNetExcludingGoodwill`	$817.52M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$259.08M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$317.21M	USD	Point-in-time
Total assets	`Assets`	$12.26B	USD	Point-in-time
Total assets	`Assets`	$12.41B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$629.84M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$629.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.37M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$640.57M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilitiesCurrent`	$606.16M	USD	Point-in-time
Due to Affiliate	`DueToAffiliateCurrent`	$20.98M	USD	Point-in-time
Due to Affiliate	`DueToAffiliateCurrent`	$20.77M	USD	Point-in-time
Advance ticket sales	`CustomerAdvancesCurrent`	$1.18B	USD	Point-in-time
Advance ticket sales	`CustomerAdvancesCurrent`	$1.02B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.49B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.37B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$5.77B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$5.67B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$349.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$317.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.48B	USD	Point-in-time
Total liabilities	`Liabilities`	$8.48B	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; 232,313,393 shares issued and 227,001,432 shares outstanding at March 31, 2016 and 232,179,786 shares issued and 227,815,301 shares outstanding at December 31, 2015	`CommonStockValue`	$232.00K	USD	Point-in-time
Ordinary shares, $.001 par value; 490,000,000 shares authorized; 232,313,393 shares issued and 227,001,432 shares outstanding at March 31, 2016 and 232,179,786 shares issued and 227,815,301 shares outstanding at December 31, 2015	`CommonStockValue`	$232.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.83B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.81B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-412.65M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-242.64M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-324.40M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-307.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$641.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$568.02M	USD	Point-in-time
Treasury shares (5,311,961 and 4,364,485 ordinary shares at March 31, 2016 and December 31, 2015, respectively, at cost)	`TreasuryStockValue`	$239.25M	USD	Point-in-time
Treasury shares (5,311,961 and 4,364,485 ordinary shares at March 31, 2016 and December 31, 2015, respectively, at cost)	`TreasuryStockValue`	$189.26M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.52B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.93B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.78B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$3.48B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$12.41B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$12.26B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Passenger ticket	`PassengerRevenue`	$670.48M	USD	1 Quarter
Passenger ticket	`PassengerRevenue`	$740.11M	USD	1 Quarter
Onboard and other	`OnboardAndOtherRevenue`	$267.70M	USD	1 Quarter
Onboard and other	`OnboardAndOtherRevenue`	$337.52M	USD	1 Quarter
Total revenue	`Revenues`	$1.08B	USD	1 Quarter
Total revenue	`Revenues`	$938.18M	USD	1 Quarter
Commissions, transportation and other	`CommissionsTransportationAndOtherCost`	$175.44M	USD	1 Quarter
Commissions, transportation and other	`CommissionsTransportationAndOtherCost`	$171.83M	USD	1 Quarter
Onboard and other	`OnboardAndOtherExpense`	$63.97M	USD	1 Quarter
Onboard and other	`OnboardAndOtherExpense`	$58.65M	USD	1 Quarter
Payroll and related	`LaborAndRelatedExpense`	$157.63M	USD	1 Quarter
Payroll and related	`LaborAndRelatedExpense`	$177.14M	USD	1 Quarter
Fuel	`FuelCosts`	$81.67M	USD	1 Quarter
Fuel	`FuelCosts`	$87.37M	USD	1 Quarter
Food	`FoodAndBeverageCostOfSales`	$41.85M	USD	1 Quarter
Food	`FoodAndBeverageCostOfSales`	$51.00M	USD	1 Quarter
Other	`OtherCostOfServices`	$106.37M	USD	1 Quarter
Other	`OtherCostOfServices`	$115.26M	USD	1 Quarter
Total cruise operating expense	`DirectOperatingCosts`	$664.48M	USD	1 Quarter
Total cruise operating expense	`DirectOperatingCosts`	$623.70M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$154.16M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$180.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$99.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$101.30M	USD	1 Quarter
Total other operating expense	`OperatingExpenses`	$281.87M	USD	1 Quarter
Total other operating expense	`OperatingExpenses`	$254.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$131.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$60.35M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-50.99M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-59.75M	USD	1 Quarter
Other income (expense)	`OtherOperatingIncomeExpenseNet`	$-30.14M	USD	1 Quarter
Other income (expense)	`OtherOperatingIncomeExpenseNet`	$2.81M	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$-81.13M	USD	1 Quarter
Total non-operating income (expense)	`NonoperatingIncomeExpense`	$-56.95M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.78M	USD	1 Quarter
Net income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.33M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$677.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-21.46M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.23M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	227.24M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	224.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	224.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	228.11M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-21.46M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.23M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$104.69M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$104.53M	USD	1 Quarter
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$11.95M	USD	1 Quarter
(Gain) loss on derivatives	`UnrealizedGainLossOnDerivatives`	$-29.03M	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$158.00K	USD	1 Quarter
Deferred income taxes, net	`DeferredIncomeTaxExpenseBenefit`	$60.00K	USD	1 Quarter
Gain on contingent consideration	`ContingentConsideration`	$9.10M	USD	1 Quarter
Write-off of deferred financing fees	`WriteOffOfDeferredDebtIssuanceCost`	$195.00K	USD	1 Quarter
Provision for bad debts and inventory	`ProvisionForBadDebtsAndInventory`	$575.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$12.01M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$15.24M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.04M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.47M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$80.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.36M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.49M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.39M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-17.45M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.75M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$14.60M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-35.48M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$7.57M	USD	1 Quarter
Advance ticket sales	`IncreaseDecreaseInCustomerAdvances`	$255.56M	USD	1 Quarter
Advance ticket sales	`IncreaseDecreaseInCustomerAdvances`	$148.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$314.79M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$330.10M	USD	1 Quarter
Additions to property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.13M	USD	1 Quarter
Additions to property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.50M	USD	2 Qtrs
Additions to property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$132.03M	USD	1 Quarter
Settlement of derivatives	`PaymentsForDerivativeInstrumentInvestingActivities`	$1.17M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-73.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-133.19M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$477.22M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$308.25M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$224.03M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$204.00M	USD	1 Quarter
Proceeds from the exercise of share options	`ProceedsFromStockOptionsExercised`	$51.79M	USD	1 Quarter
Proceeds from the exercise of share options	`ProceedsFromStockOptionsExercised`	$2.04M	USD	1 Quarter
Proceeds from employee share purchase plan	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans`	$1.10M	USD	1 Quarter
Purchases of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$50.00M	USD	1 Quarter
Deferred financing fees and other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.87M	USD	1 Quarter
Deferred financing fees and other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.66M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-205.06M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-157.97M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.60M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.93M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$154.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$84.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$154.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$84.82M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.52B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.78B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.48B	USD	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.01M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.24M	USD	1 Quarter
Proceeds from the exercise of share options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$2.04M	USD	1 Quarter
Proceeds from the exercise of share options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$51.79M	USD	1 Quarter
Proceeds from the employee stock purchase plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.10M	USD	1 Quarter
Treasury shares	`PaymentsForRepurchaseOfCommonStock`	$50.00M	USD	1 Quarter
Other comprehensive loss, net	`OtherComprehensiveIncomeLossNetOfTax`	$105.11M	USD	1 Quarter
Other comprehensive loss, net	`OtherComprehensiveIncomeLossNetOfTax`	$-81.76M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-21.46M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.23M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.52B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.93B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.78B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.48B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-21.46M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$73.23M	USD	1 Quarter
Shipboard Retirement Plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-108.00K	USD	1 Quarter
Shipboard Retirement Plan	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-119.00K	USD	1 Quarter
Net unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$70.45M	USD	1 Quarter
Net unrealized gain (loss)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-103.77M	USD	1 Quarter
Amount realized and reclassified into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-34.55M	USD	1 Quarter
Amount realized and reclassified into earnings	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-21.89M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$105.11M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-81.76M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-103.22M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$178.34M	USD	1 Quarter

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