Company research
NCL CORP Ltd.
CIK 1318742Updated Jul 19, 2026
Filing activity
Latest filing
50 filings on record · 10-Q, 8-K, 10-K.
Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Other Events
Items 8.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Results of Operations and Financial Condition · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 2.02, 5.02, 9.01
Financials
FY 2025 · USDSource
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 22,485,600,000Source | 19,910,758,000Source | 19,487,048,000Source | 18,546,861,000Source |
| Property, Plant and Equipment, NetUSD | 19,068,807,000Source | 16,810,650,000Source | 16,433,292,000Source | 14,516,366,000Source |
| GoodwillUSD | 135,764,000Source | 135,764,000Source | 98,134,000Source | 98,134,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 500,525,000Source | 500,525,000Source | 500,525,000Source | 500,525,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 203,996,000Source | 184,834,000Source | 396,473,000Source | 941,026,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 291,659,000Source | 221,412,000Source | 280,271,000Source | 326,272,000Source |
| Inventory, NetUSD | 138,181,000Source | 149,718,000Source | 157,646,000Source | 148,717,000Source |
| Assets, CurrentUSD | 1,132,644,000Source | 1,003,019,000Source | 1,307,206,000Source | 1,862,036,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 498,808,000Source | 447,055,000Source | 472,816,000Source | 446,021,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,089,709,000Source | 899,091,000Source | 753,652,000Source | 707,086,000Source |
| Other Assets, NoncurrentUSD | 1,647,860,000Source | 1,460,800,000Source | 1,147,891,000Source | 1,569,800,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 20,366,900,000Source | 18,811,080,000Source | 19,330,254,000Source | 18,328,060,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 37,000Source | 37,000Source | 47,000Source | 37,000Source |
| Retained Earnings (Accumulated Deficit)USD | -6,677,177,000Source | -7,300,904,000Source | -8,007,528,000Source | -7,884,790,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -453,078,000Source | -508,752,000Source | -510,151,000Source | -478,792,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,118,700,000Source | 1,099,678,000Source | 156,794,000Source | 218,801,000Source |
| Additional Paid in Capital, Common StockUSD | 9,248,918,000Source | 8,909,297,000Source | 8,674,426,000Source | 8,582,346,000Source |
| Liabilities and EquityUSD | 22,485,600,000Source | 19,910,758,000Source | 19,487,048,000Source | 18,546,861,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,511,483,000Source | 6,007,721,000Source | 6,165,518,000Source | 5,108,654,000Source |
| Operating Lease, Liability, CurrentUSD | 32,064,000Source | 27,313,000Source | 23,226,000Source | 39,689,000Source |
| Accounts Payable, CurrentUSD | 169,655,000Source | 171,106,000Source | 174,338,000Source | 228,742,000Source |
| Operating Lease, Liability, NoncurrentUSD | 897,899,000Source | 788,669,000Source | 644,646,000Source | 588,064,000Source |
| Other Liabilities, NoncurrentUSD | 1,147,875,000Source | 986,786,000Source | 839,335,000Source | 803,850,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,249,575,000Source | 1,081,545,000Source | 991,704,000Source | 903,783,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 88,393,000Source | 91,781,000Source | 118,940,000Source | 113,563,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 73,765,000Source | -49,304,000Source | -39,649,000Source | -828,661,000Source |
| Increase (Decrease) in InventoriesUSD | -11,024,000Source | -6,950,000Source | 11,042,000Source | 33,609,000Source |
| Increase (Decrease) in Accounts PayableUSD | -1,524,000Source | -20,208,000Source | -50,976,000Source | -16,196,000Source |
| Deferred Income Tax Expense (Benefit)USD | -454,000Source | -104,180,000Source | -132,000Source | -1,271,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,077,283,000Source | 2,052,065,000Source | 2,001,418,000Source | 199,843,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | 27,322,000Source | — | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -3,264,691,000Source | -1,229,388,000Source | -2,897,143,000Source | -1,755,904,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 3,201,000Source | -10,675,000Source | -16,161,000Source | -12,090,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,259,606,000Source | 1,210,952,000Source | 2,750,362,000Source | 1,783,857,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 23,826,000Source | 25,334,000Source | 26,859,000Source | 20,987,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 1,206,570,000Source | -1,034,316,000Source | 351,172,000Source | 996,730,000Source |
| Repayments of Long-term DebtUSD | 8,172,855,000Source | 2,169,045,000Source | 3,758,234,000Source | 1,770,172,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 19,162,000Source | -211,639,000Source | -544,553,000Source | -559,331,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 203,996,000Source | 184,834,000Source | 396,473,000Source | 941,026,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 952,000,000Source | 772,600,000Source | 822,500,000Source | 750,600,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 88,393,000Source | 91,781,000Source | 118,940,000Source | 113,563,000Source |
| Amortization of Debt Issuance CostsUSD | 85,600,000Source | 82,100,000Source | 73,400,000Source | 58,400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -180,300,000Source | 53,300,000Source | -28,700,000Source | 55,800,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -135,400,000Source | 25,837,000Source | -8,188,000Source | 10,795,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -187,491,000Source | -29,267,000Source | -6,701,000Source | -188,799,000Source |
| GoodwillUSD | 135,764,000Source | 135,764,000Source | 98,134,000Source | 98,134,000Source |
| Income Tax Expense (Benefit)USD | 3,318,000Source | -88,382,000Source | -2,877,000Source | 5,633,000Source |
| Net Income (Loss) Attributable to ParentUSD | 623,727,000Source | 706,624,000Source | -122,738,000Source | -1,970,431,000Source |
| Nonoperating Income (Expense)USD | -934,974,000Source | -848,367,000Source | -1,057,608,000Source | -414,303,000Source |
| Operating ExpensesUSD | 2,626,410,000Source | 2,324,346,000Source | 2,149,344,000Source | 2,127,169,000Source |
| Other Nonoperating Income (Expense)USD | 36,062,000Source | 6,980,000Source | -221,609,000Source | 480,939,000Source |
| Payments of Financing CostsUSD | 314,961,000Source | 117,140,000Source | 196,297,000Source | 58,875,000Source |
| Proceeds from Contributed CapitalUSD | 144,980,000Source | — | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 9,737,789,000Source | 1,298,599,000Source | 4,322,941,000Source | 3,003,003,000Source |
| Proceeds from Stock Options ExercisedUSD | — | — | — | 0Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 9,827,592,000Source | 9,479,651,000Source | 8,549,924,000Source | 4,843,760,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 214,317,000Source | -46,265,000Source | -195,165,000Source | 395,755,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cost of RevenueUSD | 5,639,163,000Source | 5,688,696,000Source | 5,468,587,000Source | 4,267,086,000Source |
| Selling, General and Administrative ExpenseUSD | 1,547,655,000Source | 1,434,104,000Source | 1,340,776,000Source | 1,377,843,000Source |
| Operating Income (Loss)USD | 1,562,019,000Source | 1,466,609,000Source | 931,993,000Source | -1,550,495,000Source |
| Other Nonoperating Income (Expense)USD | 36,062,000Source | 6,980,000Source | -221,609,000Source | 480,939,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 627,045,000Source | 618,242,000Source | -125,615,000Source | -1,964,798,000Source |
| Income Tax Expense (Benefit)USD | 3,318,000Source | -88,382,000Source | -2,877,000Source | 5,633,000Source |
| Net Income (Loss) Attributable to ParentUSD | 623,727,000Source | 706,624,000Source | -122,738,000Source | -1,970,431,000Source |
| Additional Financial Items | ||||
| Cost of Property Repairs and MaintenanceUSD | 212,000,000Source | 205,900,000Source | 160,800,000Source | 223,500,000Source |
| Current Income Tax Expense (Benefit)USD | -3,772,000Source | -15,798,000Source | 2,745,000Source | -6,904,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,078,755,000Source | 890,242,000Source | 808,568,000Source | 749,326,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -180,300,000Source | 53,300,000Source | -28,700,000Source | 55,800,000Source |
| Fuel CostsUSD | 675,887,000Source | 698,050,000Source | 716,833,000Source | 686,825,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 600,193,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 836,000,000Source | 900,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -971,036,000Source | -855,347,000Source | -835,999,000Source | -895,242,000Source |
| Nonoperating Income (Expense)USD | -934,974,000Source | -848,367,000Source | -1,057,608,000Source | -414,303,000Source |
| Operating ExpensesUSD | 2,626,410,000Source | 2,324,346,000Source | 2,149,344,000Source | 2,127,169,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 9,827,592,000Source | 9,479,651,000Source | 8,549,924,000Source | 4,843,760,000Source |
Filing attachments
tm269981d1_ex99-1.htm · 8-K · 2026-03-27
EX-99.1 4 tm269981d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Norwegian Cruise Line Holdings Enters into Employment and Equity Award Agreements with President and CEO MIAMI, Florida - March 27, 2026 - Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a leading global cruise company operating Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises (“NCLH” or the “Company”), announced that it has entered into an employment agreement and restricted share unit award agreement with Jo…
Read attachment ↗tm2526381d1_ex99-1.htm · 8-K · 2025-09-18
EX-99.1 2 tm2526381d1_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 NCL Corporation Ltd. Announces Pricing of $2,050.0 Million of Senior Notes MIAMI, September 8, 2025 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that it has priced $1,200.0 million aggregate principal amount of its 5.875% senior notes due 2031 (the “2031 Unsecured Notes”) and $850.0 million aggregate principal amount of its 6.250% senio…
Read attachment ↗tm2526381d1_ex99-2.htm · 8-K · 2025-09-18
EX-99.2 3 tm2526381d1_ex99-2.htm EXHIBIT 99.2 EXHIBIT 99.2 NCL Corporation Ltd. Announces Expiration, Pricing Terms and Results of its Debt Tender Offer MIAMI, September 12, 2025 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), today announced the expiration and results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding (i) 5.875% Senior Secured Notes due …
Read attachment ↗tm2525860d1_ex99-1.htm · 8-K · 2025-09-11
EX-99.1 2 tm2525860d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NCL Corporation Ltd. Announces Upsizing and Pricing of $1,300.0 Million of Exchangeable Notes MIAMI, September 9, 2025 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that it has priced $1,300.0 million aggregate principal amount of its 0.750% exchangeable senior notes due 2030 (the “Exchangeable Notes”), which were offered in a private of…
Read attachment ↗tm2525351d1_ex99-1.htm · 8-K · 2025-09-08
EX-99.1 2 tm2525351d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NCL Corporation Ltd. Announces Debt Tender Offer MIAMI, September 8, 2025 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding (i) 5.875% Senior Secured Notes due 2027 (the “2027 Notes”) and (ii) 5.875% Senior Notes due 2026 (the “2026 Notes” and, collectively wit…
Read attachment ↗tm2525351d1_ex99-2.htm · 8-K · 2025-09-08
EX-99.2 3 tm2525351d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Norwegian Cruise Line Holdings Ltd. Announces Registered Direct Offering of Ordinary Shares MIAMI - September 8, 2025 -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has commenced a registered direct offering of ordinary shares of the Company (the “Equity Offering”) to certain holders of NCL Corporation Ltd.’s (“NCLC”), a subsidiary of the Company, 1.125% Exchangeable Senior Notes due 202…
Read attachment ↗