Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -27,7 +27,6 @@
27	27	* In February 2023, NCLC issued $600 million aggregate principal amount of 8.375% senior secured notes due 2028. The proceeds from the notes were used to repay the loans outstanding under Term Loan A Facility that otherwise would have become due in January 2024.
28	28	* In July 2022, the company amended their $1 billion commitment, which provided additional liquidity to the Company through March 31, 2023. In February 2023, the commitment was further extended through February 2024, with an option for NCLC to further extend the commitments through February 2025 at its election. Simultaneously, the amount of the commitment was reduced to $650 million.
29	29
30		-
31	31	= Financial Highlights =
32	32
33	33	== Q1'23 Financial Highlights ==
...	...	@@ -38,10 +38,13 @@
38	38
39	39	Due to the impact of COVID-19, travel restrictions and limited access to ports around the world, in March 2020, like the other cruising companies, Norwegian also implemented a voluntary suspension of all cruise voyages across their three brands. In the third quarter of 2021, the company began a phased relaunch of certain cruise voyages with ships initially operating at reduced occupancy levels. In early May 2022, NCLH completed the phased relaunch of their entire fleet with all ships now in operation with guests on board. Occupancy levels have sequentially increased in recent quarters, most recently averaging 87% in the fourth quarter 2022, with the Company expecting to return to historical Occupancy levels for the second quarter of 2023.
40	40
41		-Given the situation as such, total revenue of the company has increased 647.5% to $4.8 billion for the year ended December 31, 2022 compared to $0.6 billion for the year ended December 31, 2021. Capacity Days increased by 420.2%. For the year ended December 31, 2022, the company had net loss and diluted EPS of $(2.3) billion and $(5.41), respectively. For the year ended December 31, 2021, NCLH had net loss and diluted EPS of $(4.5) billion and $(12.33), respectively. Operating loss decreased 39.2% to $(1.6) billion for the year ended December 31, 2022 from $(2.6) billion for the year ended December 31, 2021.
	40	+Given the situation as such, total revenue of the company has increased 647.5% to $4.8 billion to $4.84 billion for the year ended December 31, 2022 compared to $0.6 billion for the year ended December 31, 2021. Capacity Days increased by 420.2%. For the year ended December 31, 2022, the company had net loss and diluted EPS of $(2.3) billion and $(5.41), respectively. For the year ended December 31, 2021, NCLH had net loss and diluted EPS of $(4.5) billion and $(12.33), respectively. Operating loss decreased 39.2% to $(1.6) billion for the year ended December 31, 2022 from $(2.6) billion for the year ended December 31, 2021.
42	42
	42	+In 2022, passengers tickets account for 67.2% of the total revenue, and onboard and other sources represent 32.8%. The company has carried 1,663,275 passengers in 2022, and 232,448 passengers in 2021. Total passenger cruise days has been 12,791,773 days and 1,778,899 days for the years, respectively. Total occupancy percentage has been 72.8% and 52.7% for the years, respectively. The company has reported adjusted EBITDA of $(673,931) in 2022 and $(1,723,807) a year earlier.
43	43
	44	+Net cash provided by operating activities was $210.0 million in 2022 compared to net cash used in operating activities of $2.5 billion in 2021. Net cash used in investing activities was $1.8 billion in 2022, primarily related to the delivery of Norwegian Prima. Net cash used in investing activities was $1.0 billion in 2021, primarily related to newbuild payments and ship improvement projects and net purchases and maturities of short-term investments. Net cash provided by financing activities was $1.0 billion in 2022, primarily due to newbuild loans and the proceeds of $2.1 billion from various note offerings partially offset by debt repayments and related redemption premiums associated with extinguishment of certain senior secured notes. Net cash provided by financing activities was $1.7 billion in 2021.
44	44
	46	+= Business Overview =
45	45
46	46
47	47