Carnival Cruises 2007 Annual Report Download - page 46

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SELECTED FINANCIAL DATA
CARNIVAL CORPORATION & PLC | 43
The selected consolidated financial data presented below for fiscal 2003 through 2007 and as of the end of each such year,
are derived from our audited financial statements and should be read in conjunction with those financial statements and the
related notes.
Years Ended November 30,
(in millions, except per share and other operating data) 2007 2006 2005 2004 2003
Statement of Operations and Cash Flow Data(a)
Revenues .................................. $13,033 $11,839 $11,094 $ 9,727 $ 6,718
Operating income ........................... $ 2,725 $ 2,613 $ 2,639 $ 2,128 $ 1,376
Net income ................................ $ 2,408 $ 2,279 $ 2,253 $ 1,809 $ 1,187
Earnings per share
Basic ................................... $ 3.04 $ 2.85 $ 2.80 $ 2.25 $ 1.65
Diluted .................................. $ 2.95 $ 2.77 $ 2.70 $ 2.18 $ 1.62
Dividends declared per share .................. $ 1.375 $ 1.025 $ 0.800 $ 0.525 $ 0.440
Cash from operations ........................ $ 4,069 $ 3,633 $ 3,410 $ 3,216 $ 1,933
Capital expenditures ......................... $ 3,312 $ 2,480 $ 1,977 $ 3,586 $ 2,516
Dividends paid .............................. $ 990 $ 803 $ 566 $ 400 $ 292
Other Operating Data(a)
Available lower berth days . . . . . . . . . . . . . . . . . . . . 54,132,927 49,945,184 47,754,627 44,009,061 33,309,785
Passengers carried (in thousands) . . . . . . . . . . . . . . 7,672 7,008 6,848 6,306 5,038
Occupancy percentages(b) ..................... 105.6% 106.0 % 105.6 % 104.5 % 103.4%
Fuel cost per metric ton . . . . . . . . . . . . . . . . . . . . . . $ 361 $ 334 $ 259 $ 194 $ 179
As of November 30,
(in millions, except percentages) 2007 2006 2005 2004 2003
Balance Sheet and Other Data(a)
Total assets ................................ $34,181 $30,552 $28,349 $27,548 $24,450
Total debt .................................. $ 8,852 $ 7,847 $ 7,352 $ 7,953 $ 7,404
Total shareholders’ equity ..................... $19,963 $18,210 $16,883 $15,672 $13,752
Total debt to capital(c) ........................ 30.7 % 30.1 % 30.3 % 33.7 % 35.0%
EBITDA(d) .................................. $ 3,825 $ 3,593 $ 3,528 $ 2,935 $ 1,969
(a) Includes the results of Carnival plc since April 17, 2003. Accordingly, the information for 2003 is not comparable to other periods. In addition, the 2006 net income
was reduced by $57 million of share-based compensation expense related to the expensing of stock options and RSUs as a result of our adoption of SFAS No.
123(R) in 2006 (see Note 2).
(b) In accordance with cruise industry practice, occupancy percentage is calculated using a denominator of two passengers per cabin even though some cabins can
accommodate three or more passengers. The percentages in excess of 100% indicate that more than two passengers occupied some cabins.
(c) Percentage of total debt to the sum of total debt and shareholders’ equity.
(d) Net income plus interest, taxes, depreciation and amortization.