AI English summary of an SEC filing — figures as filed
Norwegian Cruise Line Holdings NCLHThe company said total revenue rose to $8.5 billion in 2023 from $4.8 billion in 2022, an increase of 76.5%. The company cited the increase in Passenger Cruise Days to 23.3 million from 12.8 million in 2022 as a factor behind the revenue growth.
Key points
AI summaryThe company said total revenue rose to $8.5 billion in 2023 from $4.8 billion in 2022, an increase of 76.5%. The company cited the increase in Passenger Cruise Days to 23.3 million from 12.8 million in 2022 as a factor behind the revenue growth.
The company said interest expense, net fell to $727.5 million in 2023 from $801.5 million in 2022. The company cited lower losses on debt extinguishment and debt modification costs, at $8.8 million in 2022 versus $193.4 million in the prior year, as a factor in the decrease.
The company said its liquidity was $2.3 billion as of December 31, 2023, consisting of cash and cash equivalents of $402.4 million and $1.2 billion of undrawn Revolving Loan Facility borrowings, among other items. As of the same date, its working capital deficit was $4.7 billion, which included advance ticket sales of $3.1 billion.
The company said net cash provided by operating activities rose to $2.0 billion in 2023 from $210.0 million in 2022. In the same year, net cash used in investing activities was $2.9 billion, and net cash provided by financing activities was $346.9 million.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $8.6B
- Operating income
- $931M
- Net income
- $166M
- EPS
- $0.39
- Operating cash flow
- $2.0B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2023 Revenue Up 76.5%
The company said total revenue rose to $8.5 billion in 2023 from $4.8 billion in 2022, an increase of 76.5%. The company cited the increase in Passenger Cruise Days to 23.3 million from 12.8 million in 2022 as a factor behind the revenue growth.
Source · Based on the MD&A text of the filing
2023 Interest Expense Down on Debt Losses
The company said interest expense, net fell to $727.5 million in 2023 from $801.5 million in 2022. The company cited lower losses on debt extinguishment and debt modification costs, at $8.8 million in 2022 versus $193.4 million in the prior year, as a factor in the decrease.
Source · Based on the MD&A text of the filing
Liquidity of $2.3 billion and Working Capital Deficit
The company said its liquidity was $2.3 billion as of December 31, 2023, consisting of cash and cash equivalents of $402.4 million and $1.2 billion of undrawn Revolving Loan Facility borrowings, among other items. As of the same date, its working capital deficit was $4.7 billion, which included advance ticket sales of $3.1 billion.
Source · Based on the MD&A text of the filing
2023 Operating Cash Flow and Investing and Financing Cash Flows
The company said net cash provided by operating activities rose to $2.0 billion in 2023 from $210.0 million in 2022. In the same year, net cash used in investing activities was $2.9 billion, and net cash provided by financing activities was $346.9 million.
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.
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