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, 2022

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,
	2022		2021		2020
Net loss	$	(2,269,909)	$	(4,506,587)	$	(4,012,514)
Basic weighted-average shares outstanding		419,773,195		365,449,967		254,728,932
Dilutive effect of share awards		—		—		—
Diluted weighted-average shares outstanding		419,773,195		365,449,967		254,728,932
Basic loss per share	$	(5.41)	$	(12.33)	$	(15.75)
Diluted loss per share	$	(5.41)	$	(12.33)	$	(15.75)

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,
	2022		2021		2020
North America	$	3,076,788	$	424,377	$	960,258
Europe		1,557,308		211,767		27,602
Asia-Pacific		115,438		6,186		152,976
Other		94,226		5,656		139,072
Total revenue	$	4,843,760	$	647,986	$	1,279,908