Carnival said passenger ticket revenues for the quarter ended August 31, 2024 were $5.2 billion, up $693 million from $4.5 billion a year earlier, an increase of 15%. The company cited continued strength in demand, which drove ticket prices higher, as the factor behind the increase.

10-QQuarterly reportFiled Sep 30, 2024Period of report Aug 31, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

Carnival said passenger ticket revenues for the quarter ended August 31, 2024 were $5.2 billion, up $693 million from $4.5 billion a year earlier, an increase of 15%. The company cited continued strength in demand, which drove ticket prices higher, as the factor behind the increase.
The company said consolidated operating income for the quarter ended August 31, 2024 rose to $2.2 billion in 2024 from $1.6 billion in 2023, an increase of $554 million. Its NAA segment operating income $335 million, and its Europe segment operating income $201 million.
Carnival said net cash provided by operating activities for the 9 months ended August 31, 2024 was $5.0 billion, an increase of $1.7 billion from $3.4 billion in the same period a year earlier. Over the same period, net cash used in investing activities and capital expenditures were $4.0 billion, respectively.
The company said it had liquidity of $4.5 billion as of August 31, 2024, consisting of $1.5 billion in cash and cash equivalents and $3.0 billion of borrowings available under its Revolving Facility. As of the same date, its working capital deficit was $8.6 billion, and undrawn export credit facilities for ship deliveries were $3.4 billion.

Key figures

Quarter ended August 31, 2024

Revenue: $7.9B
Operating income: $2.2B
Net income: $1.7B
EPS: $1.26

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Passenger Ticket Revenues Rise in Quarter

Carnival said passenger ticket revenues for the quarter ended August 31, 2024 were $5.2 billion, up $693 million from $4.5 billion a year earlier, an increase of 15%. The company cited continued strength in demand, which drove ticket prices higher, as the factor behind the increase.

Source · Based on the MD&A text of the filing

Quarterly Operating Income Rises

The company said consolidated operating income for the quarter ended August 31, 2024 rose to $2.2 billion in 2024 from $1.6 billion in 2023, an increase of $554 million. Its NAA segment operating income $335 million, and its Europe segment operating income $201 million.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow and Investing Activities

Carnival said net cash provided by operating activities for the 9 months ended August 31, 2024 was $5.0 billion, an increase of $1.7 billion from $3.4 billion in the same period a year earlier. Over the same period, net cash used in investing activities and capital expenditures were $4.0 billion, respectively.

Source · Based on the MD&A text of the filing

Liquidity and Working Capital Deficit

The company said it had liquidity of $4.5 billion as of August 31, 2024, consisting of $1.5 billion in cash and cash equivalents and $3.0 billion of borrowings available under its Revolving Facility. As of the same date, its working capital deficit was $8.6 billion, and undrawn export credit facilities for ship deliveries were $3.4 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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