Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Total revenue $ 1,403,630 $ 1,293,403
Cruise operating expense    
Commissions, transportation and other 229,264 218,340
Payroll and related 223,107 209,824
Fuel 98,253 93,431
Total cruise operating expense 826,651 768,091
Other operating expense    
Marketing, general and administrative 248,942 227,015
Depreciation and amortization 169,741 131,244
Total other operating expense 418,683 358,259
Operating income 158,296 167,053
Non-operating income (expense)    
Interest expense, net (73,503) (59,698)
Other income (expense), net (434) (1,666)
Total non-operating income (expense) (73,937) (61,364)
Net income before income taxes 84,359 105,689
Income tax benefit (expense) 33,798 (2,534)
Net income $ 118,157 $ 103,155
Weighted-average shares outstanding    
Basic (in shares) 217,241,473 227,343,577
Diluted (in shares) 218,873,272 229,187,628
Earnings per share    
Basic (in dollars per share) $ 0.54 $ 0.45
Diluted (in dollars per share) $ 0.54 $ 0.45
Passenger ticket    
Revenue    
Total revenue $ 973,273 $ 889,866
Onboard and other    
Revenue    
Total revenue 430,357 403,537
Cruise operating expense    
Total cruise operating expense 79,413 70,688
Food    
Cruise operating expense    
Total cruise operating expense 55,045 50,656
Other    
Cruise operating expense    
Total cruise operating expense $ 141,569 $ 125,152