Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Total revenue $ 1,522,174 $ 1,344,103 $ 2,815,577 $ 2,494,884
Cruise operating expense        
Commissions, transportation and other 249,875 223,315 468,215 417,455
Payroll and related 219,337 194,724 429,161 387,360
Fuel 95,212 86,663 188,643 175,549
Total cruise operating expense 862,783 752,242 1,630,874 1,472,040
Other operating expense        
Marketing, general and administrative 226,535 193,649 453,550 385,693
Depreciation and amortization 140,704 123,141 271,948 242,346
Total other operating expense 367,239 316,790 725,498 628,039
Operating income 292,152 275,071 459,205 394,805
Non-operating income (expense)        
Interest expense, net (72,988) (64,196) (132,686) (117,156)
Other income (expense), net 12,922 (5,609) 11,256 (8,424)
Total non-operating income (expense) (60,066) (69,805) (121,430) (125,580)
Net income before income taxes 232,086 205,266 337,775 269,225
Income tax expense (5,410) (6,793) (7,944) (8,842)
Net income $ 226,676 $ 198,473 $ 329,831 $ 260,383
Weighted-average shares outstanding        
Basic (in shares) 223,308,350 227,931,135 225,314,816 227,701,109
Diluted (in shares) 224,390,879 229,090,085 226,778,106 228,824,296
Earnings per share        
Basic (in dollars per share) $ 1.02 $ 0.87 $ 1.46 $ 1.14
Diluted (in dollars per share) $ 1.01 $ 0.87 $ 1.45 $ 1.14
Passenger ticket        
Revenue        
Total revenue $ 1,077,046 $ 938,014 $ 1,966,912 $ 1,724,708
Onboard and other        
Revenue        
Total revenue 445,128 406,089 848,665 770,176
Cruise operating expense        
Total cruise operating expense 92,797 83,367 163,485 151,778
Food        
Cruise operating expense        
Total cruise operating expense 54,091 47,340 104,747 93,518
Other        
Cruise operating expense        
Total cruise operating expense $ 151,471 $ 116,833 $ 276,623 $ 246,380