Title of Each Class of Securities to be Registered
|
| |
Amount
to be Registered |
| |
Maximum
Offering Price per Share(1) |
| |
Maximum
Aggregate Offering Price(1) |
| |
Amount of
Registration Fee(2)(3) |
| ||||||||||||
Ordinary shares, par value $.001 per share
|
| | | | 20,000,000 | | | | | $ | 59.25 | | | | | $ | 1,185,000,000 | | | | | $ | 137,697.00 | | |
|
|
| |
|
| |
|
|
| | |
Per Share
|
| |
Total
|
| ||||||
Public offering price
|
| | | $ | 59.25 | | | | | $ | 1,185,000,000 | | |
Underwriting discounts and commissions(1)
|
| | | $ | 0.22 | | | | | $ | 4,400,000 | | |
Proceeds, before expenses, to the selling shareholders
|
| | | $ | 59.03 | | | | | $ | 1,180,600,000 | | |
|
PROSPECTUS SUPPLEMENT
|
| ||||||
| | | | | S-ii | | | |
| | | | | S-iii | | | |
| | | | | S-v | | | |
| | | | | S-1 | | | |
| | | | | S-13 | | | |
| | | | | S-18 | | | |
| | | | | S-19 | | | |
| | | | | S-20 | | | |
| | | | | S-21 | | | |
| | | | | S-24 | | | |
| | | | | S-29 | | | |
| | | | | S-29 | | | |
| | | | | S-29 | | | |
| | | | | S-30 | | | |
|
PROSPECTUS
|
| ||||||
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 9 | | | |
| | | | | 21 | | | |
| | | | | 24 | | | |
| | | | | 25 | | | |
| | | | | 30 | | | |
| | | | | 30 | | |
(in thousands, except share and per share data)
|
| |
Six Months Ended June 30,
|
| |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||
|
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| ||||||||||||||||||||||
Statement of operations data: | | | | | | | ||||||||||||||||||||||||||||||
Revenue | | | | | | | ||||||||||||||||||||||||||||||
Passenger ticket(*)
|
| | | $ | 1,458,474 | | | | | $ | 977,362 | | | | | $ | 2,176,153 | | | | | $ | 1,784,439 | | | | | $ | 1,582,801 | | | |||||
Onboard and other(*)
|
| | | | 565,141 | | | | | | 452,593 | | | | | | 949,728 | | | | | | 785,855 | | | | | | 693,445 | | | |||||
Total revenue
|
| | | | 2,023,615 | | | | | | 1,429,955 | | | | | | 3,125,881 | | | | | | 2,570,294 | | | | | | 2,276,246 | | | |||||
Cruise operating expense | | | | | | | ||||||||||||||||||||||||||||||
Commissions, transportation and other
|
| | | | 364,265 | | | | | | 231,522 | | | | | | 503,722 | | | | | | 455,816 | | | | | | 410,531 | | | |||||
Onboard and other
|
| | | | 126,530 | | | | | | 103,391 | | | | | | 224,000 | | | | | | 195,526 | | | | | | 173,916 | | | |||||
Payroll and related
|
| | | | 319,559 | | | | | | 205,418 | | | | | | 452,647 | | | | | | 340,430 | | | | | | 293,059 | | | |||||
Fuel
|
| | | | 178,955 | | | | | | 156,872 | | | | | | 326,231 | | | | | | 303,439 | | | | | | 283,678 | | | |||||
Food
|
| | | | 85,550 | | | | | | 80,417 | | | | | | 168,240 | | | | | | 136,785 | | | | | | 125,807 | | | |||||
Other
|
| | | | 205,120 | | | | | | 139,086 | | | | | | 271,784 | | | | | | 225,663 | | | | | | 191,442 | | | |||||
Total cruise operating expense
|
| | | | 1,279,979 | | | | | | 916,706 | | | | | | 1,946,624 | | | | | | 1,657,659 | | | | | | 1,478,433 | | | |||||
Other operating expense | | | | | | | ||||||||||||||||||||||||||||||
Marketing, general and
administrative |
| | | | 261,321 | | | | | | 166,473 | | | | | | 403,169 | | | | | | 301,155 | | | | | | 251,183 | | | |||||
Depreciation and amortization
|
| | | | 204,583 | | | | | | 125,099 | | | | | | 273,147 | | | | | | 215,593 | | | | | | 189,537 | | | |||||
Total other operating expense
|
| | | | 465,904 | | | | | | 291,572 | | | | | | 676,316 | | | | | | 516,748 | | | | | | 440,720 | | | |||||
Operating income
|
| | | | 277,732 | | | | | | 221,677 | | | | | | 502,941 | | | | | | 395,887 | | | | | | 357,093 | | | |||||
Non-operating income (expense) | | | | | | | ||||||||||||||||||||||||||||||
Interest expense, net(1)
|
| | | | (103,435) | | | | | | (63,032) | | | | | | (151,754) | | | | | | (282,602) | | | | | | (189,930) | | | |||||
Other income (expense)
|
| | | | (33,856) | | | | | | 63 | | | | | | (10,853) | | | | | | 1,403 | | | | | | 2,099 | | | |||||
Total non-operating income (expense)
|
| | | | (137,291) | | | | | | (62,969) | | | | | | (162,607) | | | | | | (281,199) | | | | | | (187,831) | | | |||||
Net income before income taxes
|
| | | | 140,441 | | | | | | 158,708 | | | | | | 340,334 | | | | | | 114,688 | | | | | | 169,262 | | | |||||
Income tax benefit (expense)
|
| | | | (3,403) | | | | | | 6,263 | | | | | | 2,267 | | | | | | (11,802) | | | | | | (706) | | | |||||
Net income
|
| | | | 137,038 | | | | | | 164,971 | | | | | | 342,601 | | | | | | 102,886 | | | | | | 168,556 | | | |||||
Net income attributable to non-controlling
interest |
| | | | — | | | | | | 2,088 | | | | | | 4,249 | | | | | | 1,172 | | | | | | — | | | |||||
Net income attributable to Norwegian Cruise Line Holdings Ltd.
|
| | | $ | 137,038 | | | | | $ | 162,883 | | | | | $ | 338,352 | | | | | $ | 101,714 | | | | | $ | 168,556 | | | |||||
Weighted-average shares outstanding(2) | | | | | | | ||||||||||||||||||||||||||||||
Basic
|
| | | | 225,003,460 | | | | | | 205,063,870 | | | | | | 206,524,968 | | | | | | 202,993,839 | | | | | | 178,232,850 | | | |||||
Diluted
|
| | | | 229,664,210 | | | | | | 210,742,655 | | | | | | 212,017,784 | | | | | | 209,239,484 | | | | | | 179,023,683 | | | |||||
Earnings per share | | | | | | | ||||||||||||||||||||||||||||||
Basic
|
| | | $ | 0.61 | | | | | $ | 0.79 | | | | | $ | 1.64 | | | | | $ | 0.50 | | | | | $ | 0.95 | | | |||||
Diluted
|
| | | $ | 0.60 | | | | | $ | 0.78 | | | | | $ | 1.62 | | | | | $ | 0.49 | | | | | $ | 0.94 | | | |||||
|
(in thousands, except Adjusted EPS and Other data)
|
| |
As of or for the Six
Months Ended June 30, |
| |
As of or for the Year Ended December 31,
|
| ||||||||||||||||||||||||
|
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| |||||||||||||||||
Balance sheet data: (at end of period) | | | | | | | |||||||||||||||||||||||||
Cash and cash equivalents
|
| | | $ | 172,958 | | | | | $ | 63,483 | | | | | $ | 84,824 | | | | | $ | 56,467 | | | | | $ | 45,500 | | |
Advance ticket sales
|
| | | | 1,213,199 | | | | | | 610,639 | | | | | | 817,207 | | | | | | 411,829 | | | | | | 353,793 | | |
Total assets
|
| | | | 11,687,387 | | | | | | 7,314,803 | | | | | | 11,573,077 | | | | | | 6,650,978 | | | | | | 5,938,427 | | |
Total debt
|
| | | | 5,763,919 | | | | | | 3,502,248 | | | | | | 6,184,104 | | | | | | 3,127,789 | | | | | | 2,985,353 | | |
Total liabilities
|
| | | | 7,946,932 | | | | | | 4,600,022 | | | | | | 8,054,264 | | | | | | 4,019,712 | | | | | | 3,919,643 | | |
Total shareholders’ equity
|
| | | | 3,740,455 | | | | | | 2,714,781 | | | | | | 3,518,813 | | | | | | 2,631,266 | | | | | | 2,018,784 | | |
Cash flow data: | | | | | | | |||||||||||||||||||||||||
Net cash provided by operating activities
|
| | | | 692,143 | | | | | | 519,108 | | | | | | 635,601 | | | | | | 475,281 | | | | | | 398,594 | | |
Net cash used in investing activities
|
| | | | (186,504) | | | | | | (787,566) | | | | | | (1,878,660) | | | | | | (894,851) | | | | | | (303,840) | | |
Net cash provided by (used in) financing activities
|
| | | | (417,505) | | | | | | 275,474 | | | | | | 1,271,416 | | | | | | 430,537 | | | | | | (108,180) | | |
Other financial measures:(3) | | | | | | | |||||||||||||||||||||||||
Ship Contribution(4)
|
| | | | 743,636 | | | | | | 513,249 | | | | | | 1,179,257 | | | | | | 912,635 | | | | | | 797,813 | | |
Adjusted EBITDA(5)
|
| | | | 510,664 | | | | | | 358,672 | | | | | | 877,852 | | | | | | 647,195 | | | | | | 555,634 | | |
Adjusted Net Income(6)
|
| | | | 234,222 | | | | | | 170,693 | | | | | | 480,561 | | | | | | 295,790 | | | | | | 173,056 | | |
Adjusted EPS(6)
|
| | | | 1.02 | | | | | | 0.81 | | | | | | 2.27 | | | | | | 1.41 | | | | | | 0.97 | | |
Adjusted Net Cruise Cost Excluding Fuel(7)
|
| | | | 871,689 | | | | | | 579,498 | | | | | | 1,204,128 | | | | | | 970,984 | | | | | | 861,491 | | |
Capital Expenditures – Other
|
| | | | 81,301 | | | | | | 55,884 | | | | | | 208,432 | | | | | | 100,180 | | | | | | 112,331 | | |
Capital Expenditures – Newbuild
|
| | | | 105,203 | | | | | | 731,682 | | | | | | 843,542 | | | | | | 794,671 | | | | | | 191,509 | | |
Other data: | | | | | | | |||||||||||||||||||||||||
Passenger Cruise Days
|
| | | | 7,716,888 | | | | | | 6,470,051 | | | | | | 13,634,200 | | | | | | 11,400,906 | | | | | | 10,332,914 | | |
Capacity Days
|
| | | | 7,190,611 | | | | | | 5,970,399 | | | | | | 12,512,459 | | | | | | 10,446,216 | | | | | | 9,602,730 | | |
Load Factor
|
| | | | 107.3% | | | | | | 108.4% | | | | | | 109.0% | | | | | | 109.1% | | | | | | 107.6% | | |
Gross Yield(8)
|
| | | $ | 281.42 | | | | | $ | 239.51 | | | | | $ | 249.82 | | | | | $ | 246.05 | | | | | $ | 237.04 | | |
Net Yield(8)
|
| | | $ | 213.17 | | | | | $ | 183.41 | | | | | $ | 191.66 | | | | | $ | 183.70 | | | | | $ | 176.18 | | |
Adjusted Net Yield(8)
|
| | | $ | 217.13 | | | | | $ | 183.41 | | | | | $ | 192.47 | | | | | $ | 183.70 | | | | | $ | 176.18 | | |
| | |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||
(in thousands)
|
| |
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| ||||||||||||||||||||
Total revenue
|
| | | $ | 2,023,615 | | | | | $ | 1,429,955 | | | | | $ | 3,125,881 | | | | | $ | 2,570,294 | | | | | $ | 2,276,246 | | | |||||
Less: | | | | | | | ||||||||||||||||||||||||||||||
Total cruise operating expense
|
| | | | 1,279,979 | | | | | | 916,706 | | | | | | 1,946,624 | | | | | | 1,657,659 | | | | | | 1,478,433 | | | |||||
Ship Contribution
|
| | | $ | 743,636 | | | | | $ | 513,249 | | | | | $ | 1,179,257 | | | | | $ | 912,635 | | | | | $ | 797,813 | | | |||||
|
| | |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||
(in thousands)
|
| |
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| ||||||||||||||||||||
Net income attributable to Norwegian Cruise Line Holdings Ltd.
|
| | | $ | 137,038 | | | | | $ | 162,883 | | | | | $ | 338,352 | | | | | $ | 101,714 | | | | | $ | 168,556 | | | |||||
Interest expense, net
|
| | | | 103,435 | | | | | | 63,032 | | | | | | 151,754 | | | | | | 282,602 | | | | | | 189,930 | | | |||||
Income tax expense (benefit)
|
| | | | 3,403 | | | | | | (6,263) | | | | | | (2,267) | | | | | | 11,802 | | | | | | 706 | | | |||||
Depreciation and amortization expense
|
| | | | 204,583 | | | | | | 125,099 | | | | | | 273,147 | | | | | | 215,593 | | | | | | 189,537 | | | |||||
EBITDA
|
| | | | 448,459 | | | | | | 344,751 | | | | | | 760,986 | | | | | | 611,711 | | | | | | 548,729 | | | |||||
Net income attributed to non-controlling interest
|
| | | | — | | | | | | 2,088 | | | | | | 4,249 | | | | | | 1,172 | | | | | | — | | | |||||
Other (income) expense
|
| | | | 33,856 | | | | | | (63) | | | | | | 10,853 | | | | | | (1,403) | | | | | | (2,099) | | | |||||
Non-GAAP adjustments: | | | | | | | ||||||||||||||||||||||||||||||
Non-cash share-based compensation related to the IPO(a)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 18,527 | | | | | | — | | | |||||
Non-cash deferred compensation(b)
|
| | | | 2,482 | | | | | | 2,609 | | | | | | 7,693 | | | | | | — | | | | | | — | | | |||||
Non-cash share-based compensation(c)
|
| | | | 14,166 | | | | | | 5,079 | | | | | | 20,627 | | | | | | 11,623 | | | | | | 9,004 | | | |||||
Secondary Equity Offerings’ expenses(d)
|
| | | | 1,022 | | | | | | 1,877 | | | | | | 2,075 | | | | | | 2,251 | | | | | | — | | | |||||
Severance payments and other fees(e)
|
| | | | 13,676 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Management NCL Corporation Units exchange expenses(f)
|
| | | | 624 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Acquisition of Prestige expenses(g)
|
| | | | 11,291 | | | | | | — | | | | | | 57,513 | | | | | | — | | | | | | — | | | |||||
Deferred revenue(h)
|
| | | | 28,488 | | | | | | — | | | | | | 10,052 | | | | | | — | | | | | | — | | | |||||
Contingent consideration adjustment(i)
|
| | | | (43,400) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Other(j)
|
| | | | — | | | | | | 2,331 | | | | | | 3,804 | | | | | | 3,314 | | | | | | — | | | |||||
Adjusted EBITDA
|
| | | $ | 510,664 | | | | | $ | 358,672 | | | | | $ | 877,852 | | | | | $ | 647,195 | | | | | $ | 555,634 | | | |||||
|
(in thousands, except share and per share data):
|
| |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||
|
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| ||||||||||||||||||||||
Net income attributable to Norwegian Cruise
Line Holdings Ltd. |
| | | $ | 137,038 | | | | | $ | 162,883 | | | | | $ | 338,352 | | | | | $ | 101,714 | | | | | $ | 168,556 | | | |||||
Net income attributable to non-controlling interest
|
| | | | — | | | | | | 2,088 | | | | | | 4,249 | | | | | | 1,172 | | | | | | — | | | |||||
Net income
|
| | | | 137,038 | | | | | | 164,971 | | | | | | 342,601 | | | | | | 102,886 | | | | | | 168,556 | | | |||||
Non-GAAP Adjustments: | | | | | | | ||||||||||||||||||||||||||||||
Non-cash share-based compensation related to the IPO(a)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 18,527 | | | | | | 4,500 | | | |||||
Non-cash deferred compensation(b)
|
| | | | 2,482 | | | | | | 2,609 | | | | | | 7,693 | | | | | | — | | | | | | — | | | |||||
Non-cash share-based compensation(c)
|
| | | | 14,339 | | | | | | 5,079 | | | | | | 20,627 | | | | | | 9,408 | | | | | | — | | | |||||
Secondary Equity Offerings’ expenses(d)
|
| | | | 1,022 | | | | | | 1,877 | | | | | | 2,075 | | | | | | 2,251 | | | | | | — | | | |||||
Tax expense (benefit)(e)
|
| | | | — | | | | | | (6,174) | | | | | | 5,247 | | | | | | (5) | | | | | | — | | | |||||
Severance payments and other fees(f)
|
| | | | 13,676 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Management NCL Corporation Units exchange expenses(g)
|
| | | | 624 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Acquisition of Prestige expenses(h)
|
| | | | 11,291 | | | | | | — | | | | | | 57,513 | | | | | | — | | | | | | — | | | |||||
Deferred revenue(i)
|
| | | | 28,488 | | | | | | — | | | | | | 13,004 | | | | | | — | | | | | | — | | | |||||
Amortization of intangibles assets(j)
|
| | | | 39,059 | | | | | | — | | | | | | 12,600 | | | | | | — | | | | | | — | | | |||||
Contingent consideration adjustment(k)
|
| | | | (43,400) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Derivative expense(l)
|
| | | | 29,603 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Debt related expenses(m)
|
| | | | — | | | | | | — | | | | | | 15,397 | | | | | | 160,573 | | | | | | — | | | |||||
Other(n)
|
| | | | — | | | | | | 2,331 | | | | | | 3,804 | | | | | | 2,150 | | | | | | — | | | |||||
Adjusted Net Income
|
| | | $ | 234,222 | | | | | $ | 170,693 | | | | | $ | 480,561 | | | | | $ | 295,790 | | | | | $ | 173,056 | | | |||||
Diluted weighted-average shares outstanding – Net income
|
| | | | 229,664,210 | | | | | | 210,742,655 | | | | | | 212,017,784 | | | | | | 209,239,484 | | | | | | 179,023,683 | | | |||||
Diluted weighted-average shares outstanding – Adjusted Net Income
|
| | | | 229,664,210 | | | | | | 210,742,655 | | | | | | 212,017,784 | | | | | | 209,239,484 | | | | | | 179,023,683 | | | |||||
Diluted earnings per share
|
| | | $ | 0.60 | | | | | $ | 0.78 | | | | | $ | 1.62 | | | | | $ | 0.49 | | | | | $ | 0.94 | | | |||||
Adjusted EPS
|
| | | $ | 1.02 | | | | | $ | 0.81 | | | | | $ | 2.27 | | | | | $ | 1.41 | | | | | $ | 0.97 | | | |||||
|
| | |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||
(in thousands):
|
| |
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| ||||||||||||||||||||
Total cruise operating expense
|
| | | $ | 1,279,979 | | | | | $ | 916,706 | | | | | $ | 1,946,624 | | | | | $ | 1,657,659 | | | | | $ | 1,478,433 | | | |||||
Marketing, general and administrative expense
|
| | | | 261,321 | | | | | | 166,473 | | | | | | 403,169 | | | | | | 301,155 | | | | | | 251,183 | | | |||||
Gross Cruise Cost
|
| | | | 1,541,300 | | | | | | 1,083,179 | | | | | | 2,349,793 | | | | | | 1,958,814 | | | | | | 1,729,616 | | | |||||
Less: | | | | | | | ||||||||||||||||||||||||||||||
Commissions, transportation and other
|
| | | | 364,265 | | | | | | 231,522 | | | | | | 503,722 | | | | | | 455,816 | | | | | | 410,531 | | | |||||
Onboard and other expense
|
| | | | 126,530 | | | | | | 103,391 | | | | | | 224,000 | | | | | | 195,526 | | | | | | 173,916 | | | |||||
Net Cruise Cost
|
| | | | 1,050,505 | | | | | | 748,266 | | | | | | 1,622,071 | | | | | | 1,307,472 | | | | | | 1,145,169 | | | |||||
Less: | | | | | | | ||||||||||||||||||||||||||||||
Fuel expense
|
| | | | 178,955 | | | | | | 156,872 | | | | | | 326,231 | | | | | | 303,439 | | | | | | 283,678 | | | |||||
Net Cruise Cost Excluding Fuel
|
| | | | 871,550 | | | | | | 591,394 | | | | | | 1,295,840 | | | | | | 1,004,033 | | | | | | 861,491 | | | |||||
Less: Non-GAAP Adjustments: | | | | | | | ||||||||||||||||||||||||||||||
Non-cash share-based compensation related to the IPO(a)
|
| | | | — | | | | | | — | | | | | | — | | | | | | 18,527 | | | | | | — | | | |||||
Non-cash deferred compensation(b)
|
| | | | 2,482 | | | | | | 2,609 | | | | | | 7,693 | | | | | | — | | | | | | — | | | |||||
Non-cash share-based compensation(c)
|
| | | | 14,166 | | | | | | 5,079 | | | | | | 20,627 | | | | | | 8,898 | | | | | | — | | | |||||
Secondary Equity Offerings’ expenses(d)
|
| | | | 1,022 | | | | | | 1,877 | | | | | | 2,075 | | | | | | 2,251 | | | | | | — | | | |||||
Severance payments and other fees(e)
|
| | | | 13,676 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Management NCL Corporation Units exchange expenses(f)
|
| | | | 624 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Acquisition of Prestige expenses(g)
|
| | | | 11,291 | | | | | | — | | | | | | 57,513 | | | | | | — | | | | | | — | | | |||||
Contingent consideration adjustment(h)
|
| | | | (43,400) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |||||
Other(i)
|
| | | | — | | | | | | 2,331 | | | | | | 3,804 | | | | | | 3,373 | | | | | | — | | | |||||
Adjusted Net Cruise Cost Excluding Fuel
|
| | | $ | 871,689 | | | | | $ | 579,498 | | | | | $ | 1,204,128 | | | | | $ | 970,984 | | | | | $ | 861,491 | | | |||||
|
(in thousands, except Capacity Days and Yield data):
|
| |
Six Months Ended
June 30, |
| |
Year Ended December 31,
|
| ||||||||||||||||||||||||
|
2015
|
| |
2014
|
| |
2014
|
| |
2013
|
| |
2012
|
| |||||||||||||||||
Passenger ticket revenue
|
| | | $ | 1,458,474 | | | | | $ | 977,362 | | | | | $ | 2,176,153 | | | | | $ | 1,784,439 | | | | | $ | 1,582,801 | | |
Onboard and other revenue
|
| | | | 565,141 | | | | | | 452,593 | | | | | | 949,728 | | | | | | 785,855 | | | | | | 693,445 | | |
Total revenue
|
| | | | 2,023,615 | | | | | | 1,429,955 | | | | | | 3,125,881 | | | | | | 2,570,294 | | | | | | 2,276,246 | | |
Less: | | | | | | | |||||||||||||||||||||||||
Commissions, transportation and other expense
|
| | | | 364,265 | | | | | | 231,522 | | | | | | 503,722 | | | | | | 455,816 | | | | | | 410,531 | | |
Onboard and other expense
|
| | | | 126,530 | | | | | | 103,391 | | | | | | 224,000 | | | | | | 195,526 | | | | | | 173,916 | | |
Net Revenue
|
| | | | 1,532,820 | | | | | | 1,095,042 | | | | | | 2,398,159 | | | | | | 1,918,952 | | | | | | 1,691,799 | | |
Non-GAAP Adjustment: | | | | | | | |||||||||||||||||||||||||
Deferred revenue(a)
|
| | | | 28,488 | | | | | | — | | | | | | 10,052 | | | | | | — | | | | | | — | | |
Adjusted Net Revenue
|
| | | $ | 1,561,308 | | | | | $ | 1,095,042 | | | | | $ | 2,408,211 | | | | | $ | 1,918,952 | | | | | $ | 1,691,799 | | |
Capacity Days
|
| | | | 7,190,611 | | | | | | 5,970,399 | | | | | | 12,512,459 | | | | | | 10,446,216 | | | | | | 9,602,730 | | |
Gross Yield
|
| | | $ | 281.42 | | | | | $ | 239.51 | | | | | $ | 249.82 | | | | | $ | 246.05 | | | | | $ | 237.04 | | |
Net Yield
|
| | | $ | 213.17 | | | | | $ | 183.41 | | | | | $ | 191.66 | | | | | $ | 183.70 | | | | | $ | 176.18 | | |
Adjusted Net Yield
|
| | | $ | 217.13 | | | | | $ | 183.41 | | | | | $ | 192.47 | | | | | $ | 183.70 | | | | | $ | 176.18 | | |
2013
|
| |
High
|
| |
Low
|
| ||||||
First fiscal quarter of 2013 (from January 18, 2013)
|
| | | $ | 31.91 | | | | | $ | 19.00 | | |
Second fiscal quarter of 2013
|
| | | $ | 32.93 | | | | | $ | 28.00 | | |
Third fiscal quarter of 2013
|
| | | $ | 33.67 | | | | | $ | 28.28 | | |
Fourth fiscal quarter of 2013
|
| | | $ | 35.97 | | | | | $ | 28.57 | | |
2014
|
| |
High
|
| |
Low
|
| ||||||
First fiscal quarter of 2014
|
| | | $ | 37.30 | | | | | $ | 31.61 | | |
Second fiscal quarter of 2014
|
| | | $ | 34.18 | | | | | $ | 29.08 | | |
Third fiscal quarter of 2014
|
| | | $ | 38.05 | | | | | $ | 31.38 | | |
Fourth fiscal quarter of 2014
|
| | | $ | 48.16 | | | | | $ | 30.44 | | |
2015
|
| |
High
|
| |
Low
|
| ||||||
First fiscal quarter of 2015
|
| | | $ | 55.35 | | | | | $ | 42.55 | | |
Second fiscal quarter of 2015
|
| | | $ | 57.55 | | | | | $ | 48.03 | | |
Third fiscal quarter of 2015 (through August 10, 2015)
|
| | | $ | 63.22 | | | | | $ | 54.48 | | |
| | |
Ordinary Shares
Beneficially Owned Prior to this Offering |
| |
Number of
Ordinary Shares Offered Hereby |
| |
Ordinary Shares
Beneficially Owned After this Offering |
| |||||||||||||||||||||
Name and Address(1)
|
| |
Number
|
| |
Percent
|
| |
Number
|
| |
Percent
|
| ||||||||||||||||||
Apollo Holders(2)
|
| | | | 47,159,020 | | | | | | 20.6% | | | | | | 8,000,000 | | | | | | 39,159,020 | | | | | | 17.1% | | |
Star NCLC(3)
|
| | | | 40,569,334 | | | | | | 17.7% | | | | | | 10,000,000 | | | | | | 30,569,334 | | | | | | 13.3% | | |
TPG Viking Funds(4)
|
| | | | 7,329,834 | | | | | | 3.2% | | | | | | 2,000,000 | | | | | | 5,329,834 | | | | | | 2.3% | | |
| | |
Percentage Ownership in
Genting HK |
| |||
Golden Hope Limited (“GHL”)(a)
|
| | | | 53.67% | | |
Genting Malaysia Berhad (“GENM”)(b)
|
| | | | 16.87% | | |
|
Per Share
|
| | | $ | 0.22 | | | |
|
Total
|
| | | $ | 4,400,000 | | | |
|
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