Carnival Cruises 2007 Annual Report Download - page 39

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS (continued)
36 | CARNIVAL CORPORATION & PLC
Selected Information and Non-GAAP Financial Measures
Selected information was as follows:
Years Ended November 30,
2007 2006 2005
Passengers carried (in thousands) .................................................... 7,672 7,008 6,848
Occupancy percentage ............................................................. 105.6 % 106.0 %(a) 105.6%(a)
Fuel cost per metric ton(b) ........................................................... $ 361 $ 334 $ 259
(a) Occupancy percentage includes the three ships chartered to the Military Sealift Command in connection with our Hurricane Katrina relief efforts in the first quarter
of 2006 and the fourth quarter of 2005 at 100%.
(b) Fuel cost per metric ton is calculated by dividing the cost of our fuel by the number of metric tons consumed.
Gross and net revenue yields were computed by dividing the gross or net revenues, without rounding, by ALBDs as follows:
Years Ended November 30,
(in millions, except ALBDs and yields) 2007 2006 2005
Cruise revenues
Passenger tickets ................................................................ $ 9,792 $ 8,903 $ 8,399
Onboard and other ............................................................... 2,846 2,514 2,338
Gross cruise revenues .............................................................. 12,638 11,417 10,737
Less cruise costs
Commissions, transportation and other ............................................... (1,941 ) (1,749) (1,645)
Onboard and other ............................................................... (495 ) (453 ) (412)
Net cruise revenues ................................................................ $10,202 $ 9,215 $ 8,680
ALBDs(a) ......................................................................... 54,132,927 49,945,184 47,754,627
Gross revenue yields ............................................................... $233.47 $228.58 $224.84
Net revenue yields ................................................................. $188.48 $184.50 $181.77
Gross and net cruise costs per ALBD were computed by dividing the gross or net cruise costs, without rounding, by ALBDs
as follows:
Years Ended November 30,
(in millions, except ALBDs and costs per ALBD) 2007 2006 2005
Cruise operating expenses ........................................................... $ 7,332 $ 6,477 $ 5,964
Cruise selling and administrative expenses .............................................. 1,547 1,405 1,289
Gross cruise costs ................................................................. 8,879 7,882 7,253
Less cruise costs included in net cruise revenues
Commissions, transportation and other ............................................... (1,941) (1,749 ) (1,645)
Onboard and other ............................................................... (495 ) (453 ) (412)
Net cruise costs ................................................................... $ 6,443 $ 5,680 $ 5,196
ALBDs(a) ......................................................................... 54,132,927 49,945,184 47,754,627
Gross cruise costs per ALBD ......................................................... $164.02 $157.81 $151.89
Net cruise costs per ALBD ........................................................... $119.03 $113.73 $108.81
(a) ALBDs is a standard measure of passenger capacity for the period. It assumes that each cabin we offer for sale accommodates two passengers. ALBDs are computed
by multiplying passenger capacity by revenue-producing ship operating days in the period.