Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue    
Passenger ticket $ 889,866 $ 786,694
Onboard and other 403,537 364,087
Total revenue 1,293,403 1,150,781
Cruise operating expense    
Commissions, transportation and other 218,340 194,140
Onboard and other 70,688 68,411
Payroll and related 209,824 192,636
Fuel 93,431 88,886
Food 50,656 46,178
Other 125,152 129,547
Total cruise operating expense 768,091 719,798
Other operating expense    
Marketing, general and administrative 227,015 192,044
Depreciation and amortization 131,244 119,205
Total other operating expense 358,259 311,249
Operating income 167,053 119,734
Non-operating income (expense)    
Interest expense, net (59,698) (52,960)
Other income (expense), net (1,666) (2,815)
Total non-operating income (expense) (61,364) (55,775)
Net income before income taxes 105,689 63,959
Income tax expense (2,534) (2,049)
Net income $ 103,155 $ 61,910
Weighted-average shares outstanding    
Basic (in shares) 227,343,577 227,468,526
Diluted (in shares) 229,187,628 228,555,952
Earnings per share    
Basic (in dollars per share) $ 0.45 $ 0.27
Diluted (in dollars per share) $ 0.45 $ 0.27