Carnival Cruises 2007 Annual Report Download - page 26

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CARNIVAL CORPORATION & PLC | 23
NOTE 11—SEGMENT INFORMATION
Our cruise segment includes all of our cruise brands, which have been aggregated as a single reportable segment based on the
similarity of their economic and other characteristics, including the products and services they provide. Substantially all of our other
segment represents the hotel, tour and transportation operations of Holland America Tours and Princess Tours. The significant
accounting policies of our segments are the same as those described in Note 2—“Summary of Significant Accounting Policies.”
Information for our cruise and other segments as of and for the years ended November 30 was as follows (in millions):
Selling Depreciation
Operating and and Operating Capital Total
Revenues(a) expenses administrative amortization income expenditures assets
2007
Cruise .............................. $12,638 $7,332 $1,547 $1,065 $2,694 $3,265 $33,602
Other ............................... 553 454 32 36 31 47 579(b)
Intersegment elimination . . . . . . . . . . . . . . . (158) (158)
$13,033 $7,628 $1,579 $1,101 $2,725 $3,312 $34,181
2006
Cruise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,417 $6,477 $1,405 $ 954 $2,581 $2,395 $29,968
Other ............................... 533 425 42 34 32 85 584(b)
Intersegment elimination . . . . . . . . . . . . . . . (111) (111)
$11,839 $6,791 $1,447 $ 988 $2,613 $2,480 $30,552
2005
Cruise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,737 $5,964 $1,289 $ 873 $2,611 $1,892 $27,782
Other ............................... 461 358 46 29 28 85 567(b)
Intersegment elimination . . . . . . . . . . . . . . . (104) (104)
$11,094 $6,218 $1,335 $ 902 $2,639 $1,977 $28,349
(a) A portion of other segment revenues include revenues for the cruise portion of a tour, when a cruise is sold along with a land tour package by Holland America Tours
or Princess Tours, and shore excursion and port hospitality services provided to cruise guests by these tour companies. These intersegment revenues, which are
included in full in the cruise segment, are eliminated directly against the other segment revenues and operating expenses in the line “Intersegment elimination.”
(b) Other segment assets primarily included hotels and lodges in the state of Alaska and the Canadian Yukon Territory, motorcoaches used for sightseeing and charters
and domed rail cars, which run on the Alaska Railroad.
Foreign revenues for our cruise brands represent sales generated from outside the U.S. primarily by foreign tour operators and
foreign travel agencies. Substantially all of our long-lived assets are located outside of the U.S. and consist principally of our ships
and ships under construction and exclude goodwill and trademarks.
Revenues by geographic area, which is based on where the guest is from, for fiscal 2007, 2006 and 2005 was as follows
(in millions):
2007 2006 2005
North America ............................................................................. $ 7,803 $ 7,679 $ 7,283
Europe ................................................................................... 4,355 3,473 3,231
Others ................................................................................... 875 687 580
$ 13,033 $ 11,839 $ 11,094