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Carnival฀Corporation฀&฀plc฀|฀page฀45
SELECTED฀FINANCIAL฀DATA
The฀selected฀consolidated฀financial฀data฀presented฀below฀for฀fiscal฀2002฀through฀2006฀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) ฀ 2006 ฀ 2005 ฀ 2004 ฀ 2003 ฀ 2002
Statement฀of฀Operations฀and฀Cash฀Flow฀Data(a)
Revenues ฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $11,839 $11,094 $฀ 9,727 $฀ 6,718 $฀ 4,383
Operating฀income฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀2,613 $฀ 2,639 $฀ 2,128 $฀ 1,376 $฀ 1,037
Net฀income฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀2,279 $฀ 2,253 $฀ 1,809 $฀ 1,187 $฀ 1,011
Earnings฀per฀share
฀ Basic ฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀ ฀ 2.85 $฀ ฀ 2.80 $฀ ฀ 2.25 $฀ ฀ 1.65 $฀ ฀ 1.72
฀ Diluted฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀ ฀ 2.77 $฀ ฀ 2.70 $฀ ฀ 2.18 $฀ ฀ 1.62 $฀ ฀ 1.68
Dividends฀declared฀per฀share฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀1.025 $฀ 0.800 $฀ 0.525 $฀ 0.440 $฀ 0.420
Cash฀from฀operations฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀3,633 $฀ 3,410 $฀ 3,216 $฀ 1,933 $฀ 1,469
Capital฀expenditures฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀2,480 $฀ 1,977 $฀ 3,586 $฀ 2,516 $฀ 1,986
Other฀Operating฀Data(a)
Available฀lower฀berth฀days฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ 49,945,184 47,754,627 44,009,061 33,309,785 21,435,828
Passengers฀carried฀(in฀thousands)฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ 7,008 6,848 6,306 5,038 3,549
Occupancy฀percentages(b) ฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ 106.0% 105.6% 104.5% 103.4% 105.2%
As฀of฀November฀30,
(in฀millions,฀except฀percentages) ฀ 2006 ฀ 2005 ฀ 2004 ฀ 2003 ฀ 2002
Balance฀Sheet฀and฀Other฀Data(a)
Total฀assets฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $30,552 $28,349 $27,548 $24,450 $12,302
Long-term฀debt,฀excluding฀current฀portion ฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $฀6,355 $฀ 5,727 $฀ 6,291 $฀ 6,918 $฀ 3,014
Total฀shareholders’฀equity฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ $18,210 $16,883 $15,672 $13,752 $฀ 7,385
Debt฀to฀capital(c) ฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀.฀ 30.1% 30.3% 33.7% 35.0% 30.0%
(a)฀฀Includes฀the฀results฀of฀Carnival฀plc฀since฀April฀17,฀2003.฀Accordingly,฀the฀information฀from฀2003฀and฀thereafter฀is฀not฀comparable฀to฀the฀prior฀period.฀Certain฀of฀these฀
amounts฀have฀been฀retroactively฀adjusted฀to฀reflect฀the฀impact฀of฀changing฀our฀method฀of฀accounting฀for฀dry-dock฀costs฀from฀the฀deferral฀method฀to฀the฀direct฀
expense฀method.฀In฀addition,฀the฀2006฀net฀income฀was฀reduced฀by฀$57฀million฀of฀share-based฀compensation฀expense฀related฀to฀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.