Norwegian Cruise Line Holdings Ltd.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $222.6M | $104.7M | $14.3M | $419.3M | $30.0M | $-40.3M | $254.5M | $474.9M |
| Depreciation & Amortization | $271.2M | $281.4M | $417.0M | $250.8M | $243.8M | $250.5M | $287.6M | $218.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $22.7M | $23.4M | $23.8M | $18.4M | $25.9M | $20.3M | $26.2M | $20.6M |
| Net Cash from Operating Activities | $602.6M | $811.5M | $459.1M | $236.6M | $714.9M | $679.2M | $399.3M | $172.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $457.7M | $1.44B | $437.6M | $963.1M | $333.6M | $1.53B | $243.4M | $368.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-458.8M | $-1.44B | $-433.1M | $-963.5M | $-335.8M | $-1.53B | $-243.7M | $-364.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-110.8M | $603.5M | $17.1M | $709.7M | $-379.4M | $846.6M | $-297.3M | $-69.3M |
| Net Change in Cash | $33.1M | $-24.8M | $43.1M | $-17.2M | $-344.0K | $-6.4M | $-141.8M | $-261.6M |
| Free Cash Flow | $144.9M | $-625.2M | $21.5M | $-726.5M | $381.2M | $-846.0M | $155.8M | $-195.5M |