AI English summary of an SEC filing — figures as filed
Norwegian Cruise Line Holdings NCLHThe company said total revenue for the quarter ended June 30, 2024 rose to $2.4 billion from $2.2 billion in 2023. It cited an increase in Capacity Days and improved pricing as factors, and said Capacity Days for the quarter rose 4.0%.
Key points
AI summaryThe company said total revenue for the quarter ended June 30, 2024 rose to $2.4 billion from $2.2 billion in 2023. It cited an increase in Capacity Days and improved pricing as factors, and said Capacity Days for the quarter rose 4.0%.
Norwegian Cruise Line Holdings said first-half total revenue for 2024 was $4.6 billion (2023: $4.0 billion), and Adjusted Gross Margin rose 17.4% to $3.3 billion (2023: $2.8 billion). Capacity Days for the same period rose 5.9%.
The company said its liquidity as of June 30, 2024 was approximately $2.7 billion, including cash and cash equivalents of $594.1 million and $1.2 billion under its fully undrawn Revolving Loan Facility. It concluded it has sufficient liquidity to meet its obligations for at least the next 12 months.
The company said its expected spending on ship construction contracts is $0.3 billion for the remainder of 2024, $2.2 billion in 2025 and $2.3 billion in 2026. It also said export credit financing of $0.1 billion, $1.6 billion and $1.5 billion is in place for the same period.
Key figures
Quarter ended June 30, 2024
- Revenue
- $2.4B
- Operating income
- $342M
- Net income
- $163M
- EPS
- $0.35
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.
Q2 2024 Revenue and Capacity Days
The company said total revenue for the quarter ended June 30, 2024 rose to $2.4 billion from $2.2 billion in 2023. It cited an increase in Capacity Days and improved pricing as factors, and said Capacity Days for the quarter rose 4.0%.
Source · Based on the MD&A text of the filing
First-Half 2024 Adjusted Gross Margin
Norwegian Cruise Line Holdings said first-half total revenue for 2024 was $4.6 billion (2023: $4.0 billion), and Adjusted Gross Margin rose 17.4% to $3.3 billion (2023: $2.8 billion). Capacity Days for the same period rose 5.9%.
Source · Based on the MD&A text of the filing
Liquidity and Cash Balance as of June 30, 2024
The company said its liquidity as of June 30, 2024 was approximately $2.7 billion, including cash and cash equivalents of $594.1 million and $1.2 billion under its fully undrawn Revolving Loan Facility. It concluded it has sufficient liquidity to meet its obligations for at least the next 12 months.
Source · Based on the MD&A text of the filing
Ship Construction Spending and Export Credit Financing
The company said its expected spending on ship construction contracts is $0.3 billion for the remainder of 2024, $2.2 billion in 2025 and $2.3 billion in 2026. It also said export credit financing of $0.1 billion, $1.6 billion and $1.5 billion is in place for the same period.
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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