The company said total revenue for Q3 2024 rose to $2.8 billion from $2.5 billion in Q3 2023, and total revenue for the 9 months rose to $7.4 billion from $6.6 billion. It cited increases in Capacity Days and in passenger ticket pricing and onboard spending as factors.

10-QQuarterly reportFiled Nov 7, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said total revenue for Q3 2024 rose to $2.8 billion from $2.5 billion in Q3 2023, and total revenue for the 9 months rose to $7.4 billion from $6.6 billion. It cited increases in Capacity Days and in passenger ticket pricing and onboard spending as factors.
Norwegian Cruise Line Holdings said interest expense, net rose to $571.9 million in 2024 for the 9 months from $530.2 million in the same period of 2023. The company said losses on debt extinguishment and modification were $29.2 million in 2023, compared with $3.2 million.
The company said as of September 30, 2024 its liquidity was about $2.4 billion, including cash and cash equivalents of $332.5 million and $1.2 billion under its Revolving Loan Facility. The company said in September 2024 it issued $315.0 million of 6.250% senior notes and used the proceeds to redeem the same amount of 3.625% senior notes.
The company said the combined contract price of 13 ships scheduled for delivery was about €17.5 billion ($19.5 billion) based on exchange rates as of September 30, 2024. It said its expected shipbuilding expenditures are $2.5 billion in 2025 and $2.5 billion in 2026, and that export credit financing is $1.7 billion and $1.6 billion, respectively.

Key figures

Quarter ended September 30, 2024

Revenue: $2.8B
Operating income: $691M
Net income: $475M
EPS: $0.95

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 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.

Q3 and 9-Month Revenue Growth and Factors Cited by the Company

The company said total revenue for Q3 2024 rose to $2.8 billion from $2.5 billion in Q3 2023, and total revenue for the 9 months rose to $7.4 billion from $6.6 billion. It cited increases in Capacity Days and in passenger ticket pricing and onboard spending as factors.

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

9-Month Interest Expense, Net and Debt Extinguishment and Modification Losses

Norwegian Cruise Line Holdings said interest expense, net rose to $571.9 million in 2024 for the 9 months from $530.2 million in the same period of 2023. The company said losses on debt extinguishment and modification were $29.2 million in 2023, compared with $3.2 million.

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

Liquidity as of September 30, 2024 and 2030 Notes Issuance

The company said as of September 30, 2024 its liquidity was about $2.4 billion, including cash and cash equivalents of $332.5 million and $1.2 billion under its Revolving Loan Facility. The company said in September 2024 it issued $315.0 million of 6.250% senior notes and used the proceeds to redeem the same amount of 3.625% senior notes.

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

Contract Prices for 13 Ships Due for Delivery and Future Shipbuilding Spending

The company said the combined contract price of 13 ships scheduled for delivery was about €17.5 billion ($19.5 billion) based on exchange rates as of September 30, 2024. It said its expected shipbuilding expenditures are $2.5 billion in 2025 and $2.5 billion in 2026, and that export credit financing is $1.7 billion and $1.6 billion, respectively.

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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