Carnival Cruises 2014 Annual Report Download - page 56

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Please find page 56 of the 2014 Carnival Cruises annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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– $64 million – decreases in commissions, transportation and other related expenses primarily due to a
decrease in air transportation costs related to guests who purchased their tickets from us;
– $56 million – nonrecurrence in 2014 of additional costs and expenses related to the 2013 voyage
disruptions, net of third-party insurance recoverables of $20 million;
– $51 million – gains from the sales of Costa Voyager and Ocean Princess;
– $40 million – lower dry-dock and other ship repair and maintenance expenses and
– $38 million – 1.0 percentage point decrease in occupancy.
These decreases were partially offset by:
– $278 million – 2.7% capacity increase in ALBDs;
– $59 million – 2014 net currency impact;
– $53 million – impairment charges related to Costa Celebration and Grand Holiday and
– $47 million – various other operating expenses, net.
Selling and administrative expenses increased by $175 million, or 9.3%, to $2.1 billion in 2014 from $1.9 billion
in 2013.
Depreciation and amortization expenses increased by $47 million, or 3.0%, and remained at $1.6 billion in both
2014 and 2013.
Our total costs and expenses as a percentage of revenues decreased to 89% in 2014 from 91% in 2013.
North America Brands
Operating costs and expenses decreased slightly by $22 million and remained at $6.3 billion in both 2014 and
2013.
This decrease was caused by:
– $103 million – decreases in commissions, transportation and other related expenses primarily due to a
decrease in air transportation costs related to guests who purchased their tickets from us;
– $87 million – lower fuel prices;
– $58 million – lower fuel consumption per ALBD;
– $56 million – nonrecurrence in 2014 of additional costs and expenses related to the 2013 voyage
disruptions, net of third-party insurance recoverables of $20 million;
– $43 million – 2.0 percentage point decrease in occupancy;
– $43 million – lower dry-dock and other ship repair and maintenance expenses and
– $14 million – gain from the sale of Ocean Princess.
These decreases were partially offset by:
– $271 million – 4.3% capacity increase in ALBDs;
– $39 million – nonrecurrence in 2014 of an intersegment transaction, which was fully offset in our Cruise
Support segment and
– $72 million – various other operating expenses, net.
Our total costs and expenses as a percentage of revenues decreased to 89% in 2014 from 90% in 2013.
EAA Brands
Operating costs and expenses decreased by $223 million, or 5.4%, to $3.9 billion in 2014 from $4.1 billion in
2013.
This decrease was caused by:
– $176 million – nonrecurrence in 2014 of impairment charges related to Costa Classica and Costa Voyager;
– $51 million – lower fuel consumption per ALBD;
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