Carnival Cruises 2014 Annual Report Download - page 53

protection programs and pre- and post-cruise land packages. These goods and services are provided either
directly by us or by independent concessionaires, from which we receive either a percentage of their
revenues or a fee.
We incur cruise operating costs and expenses for the following:
– the costs of passenger cruise bookings, which represent costs that are directly associated with passenger
cruise ticket revenues, and include travel agent commissions, air and other transportation related costs, fees,
taxes and other charges that vary with guest head counts and related credit and debit card or direct debit
fees,
– onboard and other cruise costs, which represent costs that are directly associated with onboard and other
revenues, and include the costs of liquor and some non-alcoholic beverages, costs of tangible goods sold by
us in our gift shops and from our photo sales, communication costs, costs of cruise vacation protection
programs, costs of pre- and post-cruise land packages and related credit and debit card or direct debit
fees. Concession revenues do not have significant associated expenses because the costs and services
incurred for concession revenues are borne by our concessionaires,
– fuel costs, which include fuel delivery costs,
– payroll and related costs, which represent all costs related to our shipboard personnel, including deck and
engine crew, including officers, and hotel and administrative employees, while costs associated with our
shoreside personnel are included in selling and administrative expenses,
– food costs, which include both our guest and crew food costs and
– other ship operating expenses, which include port costs that do not vary with guest head counts, repairs and
maintenance, including minor improvements and dry-dock expenses, hotel costs, entertainment, gains and
losses on ship sales, ship impairments, freight and logistics, insurance premiums and all other ship operating
expenses.
For segment information related to our North America and EAA cruise brands’ revenues, expenses, operating
income and other financial information, see Note 11 – “Segment Information” in the consolidated financial
statements.
Statistical Information
Years Ended November 30,
2014 2013 2012
ALBDs (in thousands) (a)(b) .......................................... 76,000 74,033 71,976
Occupancy percentage (c) ............................................ 104.1% 105.1% 105.5%
Passengers carried (in thousands) ...................................... 10,566 10,061 9,829
Fuel consumption in metric tons (in thousands) ........................... 3,194 3,266 3,354
Fuel consumption in metric tons per ALBD .............................. 0.042 0.044 0.047
Fuel cost per metric ton consumed ...................................... $ 636 $ 676 $ 710
Currencies
U.S. dollar to €1 .................................................. $ 1.34 $ 1.32 $ 1.28
U.S. dollar to £1 .................................................. $ 1.66 $ 1.56 $ 1.58
U.S. dollar to Australian dollar ...................................... $ 0.91 $ 0.98 $ 1.03
(a) ALBD is a standard measure of passenger capacity for the period that we use to approximate rate and
capacity variances, based on consistently applied formulas, that we use to perform analyses to determine the
main non-capacity driven factors that cause our cruise revenues and expenses to vary. ALBDs assume that
each cabin we offer for sale accommodates two passengers and is computed by multiplying passenger
capacity by revenue-producing ship operating days in the period.
(b) In 2014, we had a 2.7% capacity increase in ALBDs compared to 2013 comprised of a 4.3% capacity
increase in our North America brands and a minor capacity increase in our EAA brands.
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