Carnival Cruises 2007 Annual Report Download - page 8

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CONSOLIDATED STATEMENTS OF OPERATIONS
CARNIVAL CORPORATION & PLC | 5
Years Ended November 30,
(in millions, except per share data) 2007 2006 2005
Revenues
Cruise
Passenger tickets ............................................................. $ 9,792 $ 8,903 $ 8,399
Onboard and other ............................................................ 2,846 2,514 2,338
Other ........................................................................ 395 422 357
13,033 11,839 11,094
Costs and Expenses
Operating
Cruise
Commissions, transportation and other .......................................... 1,941 1,749 1,645
Onboard and other .......................................................... 495 453 412
Payroll and related .......................................................... 1,336 1,158 1,122
Fuel ...................................................................... 1,096 935 707
Food ..................................................................... 747 644 613
Other ship operating ........................................................ 1,717 1,538 1,465
Other ...................................................................... 296 314 254
Total ....................................................................... 7,628 6,791 6,218
Selling and administrative ........................................................ 1,579 1,447 1,335
Depreciation and amortization ..................................................... 1,101 988 902
10,308 9,226 8,455
Operating Income ............................................................... 2,725 2,613 2,639
Nonoperating (Expense) Income
Interest income ................................................................ 67 25 29
Interest expense, net of capitalized interest .......................................... (367 ) (312 ) (330)
Other expense, net ............................................................. (1 ) (8 ) (13)
(301 ) (295) (314)
Income Before Income Taxes ..................................................... 2,424 2,318 2,325
Income Tax Expense, Net ........................................................ (16 ) (39 ) (72)
Net Income .................................................................... $ 2,408 $ 2,279 $ 2,253
Earnings Per Share
Basic ........................................................................ $ 3.04 $ 2.85 $ 2.80
Diluted ....................................................................... $ 2.95 $ 2.77 $ 2.70
Dividends Per Share ............................................................. $ 1.375 $ 1.025 $ 0.80
The accompanying notes are an integral part of these consolidated financial statements.