Norwegian Cruise Line Holdings Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $423.2M | $910.3M | $166.2M | $-2.27B | $-4.51B | $-4.01B | $930.2M | $954.8M |
| Depreciation & Amortization | $1.16B | $973.5M | $883.2M | $810.1M | $758.6M | $739.6M | $647.1M | $567.0M |
| Depreciation | — | — | — | — | $690.0M | $707.9M | $627.7M | $534.9M |
| Amortization | — | — | — | — | — | $9.9M | $18.5M | $26.2M |
| Stock-Based Compensation | $88.4M | $91.8M | $118.9M | $113.6M | $124.1M | $111.3M | $95.1M | $116.0M |
| Net Cash from Operating Activities | $2.09B | $2.05B | $2.01B | $210.0M | $-2.47B | $-2.56B | $1.82B | $2.08B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.26B | $1.21B | $2.75B | $1.78B | $752.8M | $946.5M | $1.64B | $1.57B |
| Business Acquisitions | — | $27.3M | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.26B | $-1.23B | $-2.90B | $-1.76B | $-1.00B | $-975.4M | $-1.68B | $-1.50B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | $349.9M | $664.8M |
| Net Cash from Financing Activities | $1.19B | $-1.03B | $346.9M | $986.2M | $1.68B | $6.58B | $-53.4M | $-584.8M |
| Net Change in Cash | $19.1M | $-211.7M | $-544.6M | $-559.7M | $-1.79B | $3.05B | $89.0M | $-12.3M |
| Free Cash Flow | $-1.17B | $838.9M | $-744.6M | $-1.57B | $-3.22B | $-3.50B | $185.4M | $508.4M |