Norwegian Cruise Line Holdings Ltd. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of reconciliation between basic and diluted EPS

A reconciliation between basic and diluted earnings per share was as follows (in thousands, except share and per share data):


	Year Ended December 31,
	2023		2022		2021
Net income (loss)	$	166,178	$	(2,269,909)	$	(4,506,587)
Basic weighted-average shares outstanding		424,424,962		419,773,195		365,449,967
Dilutive effect of share awards		2,975,887		—		—
Diluted weighted-average shares outstanding		427,400,849		419,773,195		365,449,967
Basic EPS	$	0.39	$	(5.41)	$	(12.33)
Diluted EPS	$	0.39	$	(5.41)	$	(12.33)

Schedule of estimated residual values of ships

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, after a 10-15% reduction for the estimated residual values of ships as follows:


		Useful Life
Ships		30‑35 years
Computer hardware and software		3‑10 years
Other property and equipment		3‑40 years
Leasehold improvements		Shorter of lease term or asset life
Ship improvements		Shorter of asset life or life of the ship

Schedule of revenues by destination

Revenues by destination consisted of the following (in thousands):


	Year Ended December 31,
	2023		2022		2021
North America	$	5,002,796	$	3,076,788	$	424,377
Europe		2,754,160		1,557,308		211,767
Asia-Pacific		533,484		115,438		6,186
Other		259,484		94,226		5,656
Total revenue	$	8,549,924	$	4,843,760	$	647,986