Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income $ 342,601us-gaap_ProfitLoss $ 102,886us-gaap_ProfitLoss $ 168,556us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense 304,877us-gaap_DepreciationDepletionAndAmortization 245,111us-gaap_DepreciationDepletionAndAmortization 216,137us-gaap_DepreciationDepletionAndAmortization
Loss (gain) on derivatives 7,274us-gaap_UnrealizedGainLossOnDerivatives (861)us-gaap_UnrealizedGainLossOnDerivatives 1,945us-gaap_UnrealizedGainLossOnDerivatives
Deferred income taxes, net 6,187us-gaap_DeferredIncomeTaxExpenseBenefit 2,844us-gaap_DeferredIncomeTaxExpenseBenefit  
Write-off of financing fees 15,628us-gaap_WriteOffOfDeferredDebtIssuanceCost 36,357us-gaap_WriteOffOfDeferredDebtIssuanceCost 2,358us-gaap_WriteOffOfDeferredDebtIssuanceCost
Share-based compensation expense 14,617us-gaap_ShareBasedCompensation 23,075us-gaap_ShareBasedCompensation 5,160us-gaap_ShareBasedCompensation
Premium on debt issuance     6,000nclh_PremiumOnDebtIssuance
Changes in operating assets and liabilities excluding the impact of the Acquisition of Prestige:      
Accounts receivable, net (7,256)us-gaap_IncreaseDecreaseInAccountsReceivable (3,198)us-gaap_IncreaseDecreaseInAccountsReceivable (4,592)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (261)us-gaap_IncreaseDecreaseInInventories (4,034)us-gaap_IncreaseDecreaseInInventories (3,447)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other assets (6,373)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (15,667)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (3,490)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 315us-gaap_IncreaseDecreaseInAccountsPayable 7,662us-gaap_IncreaseDecreaseInAccountsPayable (1,228)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other liabilities (18,061)us-gaap_IncreaseDecreaseInAccruedLiabilities 25,925us-gaap_IncreaseDecreaseInAccruedLiabilities (3,107)us-gaap_IncreaseDecreaseInAccruedLiabilities
Advance ticket sales (23,947)us-gaap_IncreaseDecreaseInCustomerAdvances 55,181us-gaap_IncreaseDecreaseInCustomerAdvances 14,302us-gaap_IncreaseDecreaseInCustomerAdvances
Net cash provided by operating activities 635,601us-gaap_NetCashProvidedByUsedInOperatingActivities 475,281us-gaap_NetCashProvidedByUsedInOperatingActivities 398,594us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Acquisition of Prestige (826,686)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired    
Additions to property and equipment and other (1,051,974)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (894,851)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (303,840)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (1,878,660)us-gaap_NetCashProvidedByUsedInInvestingActivities (894,851)us-gaap_NetCashProvidedByUsedInInvestingActivities (303,840)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Repayments of long-term debt (1,688,720)us-gaap_RepaymentsOfLongTermDebt (2,393,613)us-gaap_RepaymentsOfLongTermDebt (859,422)us-gaap_RepaymentsOfLongTermDebt
Repayments to Affiliate (37,043)us-gaap_PaymentsOfDistributionsToAffiliates (116,694)us-gaap_PaymentsOfDistributionsToAffiliates  
Proceeds from long-term debt 3,189,721us-gaap_ProceedsFromIssuanceOfLongTermDebt 2,522,311us-gaap_ProceedsFromIssuanceOfLongTermDebt 800,618us-gaap_ProceedsFromIssuanceOfLongTermDebt
Proceeds from the issuance of ordinary shares, net   473,914us-gaap_ProceedsFromIssuanceOfCommonStock  
Proceeds from the exercise of share options 5,857us-gaap_ProceedsFromStockOptionsExercised 2,020us-gaap_ProceedsFromStockOptionsExercised  
Purchases of treasury shares (82,000)us-gaap_PaymentsForRepurchaseOfCommonStock    
NCLC partnership tax distributions (218)nclh_PaymentForPartnershipTaxDistribution    
Deferred financing fees and other (116,181)us-gaap_PaymentsOfFinancingCosts (57,401)us-gaap_PaymentsOfFinancingCosts (49,376)us-gaap_PaymentsOfFinancingCosts
Net cash provided by (used in) financing activities 1,271,416us-gaap_NetCashProvidedByUsedInFinancingActivities 430,537us-gaap_NetCashProvidedByUsedInFinancingActivities (108,180)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net increase (decrease) in cash and cash equivalents 28,357us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 10,967us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (13,426)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 56,467us-gaap_CashAndCashEquivalentsAtCarryingValue 45,500us-gaap_CashAndCashEquivalentsAtCarryingValue 58,926us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 84,824us-gaap_CashAndCashEquivalentsAtCarryingValue $ 56,467us-gaap_CashAndCashEquivalentsAtCarryingValue $ 45,500us-gaap_CashAndCashEquivalentsAtCarryingValue