Annual report pursuant to Section 13 and 15(d)

Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)

v3.19.3.a.u2
Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)

17.

Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

    

2019

    

2018

Total revenue

$

1,403,630

$

1,293,403

$

1,664,277

$

1,522,174

$

1,913,851

$

1,858,356

$

1,480,618

$

1,381,193

Operating income

$

158,296

$

167,053

$

308,681

$

292,152

$

511,724

$

550,276

$

199,376

$

209,580

Net income

$

118,157

$

103,155

$

240,190

$

226,676

$

450,584

$

470,378

$

121,297

$

154,634

Earnings per share:

 

  

 

  

 

 

  

 

 

  

 

  

 

  

Basic

$

0.54

$

0.45

$

1.11

$

1.02

$

2.10

$

2.12

$

0.57

$

0.70

Diluted

$

0.54

$

0.45

$

1.11

$

1.01

$

2.09

$

2.11

$

0.56

$

0.70

The seasonality of the North American cruise industry generally results in the greatest demand for cruises during the Northern Hemisphere’s summer months. This predictable seasonality in demand has resulted in fluctuations in our revenue and results of operations. The seasonality of our results is increased due to ships being taken out of service for regularly scheduled Dry-docks, which we typically scheduled during non-peak demand periods.