Carnival Cruises 2007 Annual Report Download - page 50

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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
CARNIVAL CORPORATION & PLC | 47
Our revenues from the sale of passenger tickets are seasonal. Historically, demand for cruises has been greatest during our
third fiscal quarter, which includes the Northern Hemisphere summer months, and holidays. This higher demand during the third
quarter results in higher net revenue yields and, accordingly, the largest share of our net income is earned during this period. The
seasonality of our results is increased due to ships being taken out of service for maintenance, which we typically schedule during
non-peak demand periods. Substantially all of Holland America Tours’ and Princess Tours’ revenues and net income are generated
from May through September in conjunction with the Alaska cruise season.
Quarterly financial results for fiscal 2007 were as follows:
Quarters Ended
(in millions, except per share data) February 28 May 31 August 31 November 30
Revenues ...................................................... $2,688 $2,900 $4,321 $3,124
Operating income ................................................ $ 353 $ 459 $1,490 $ 423
Net income ..................................................... $ 283 $ 390 $1,377 $ 358
Earnings per share
Basic ........................................................ $ 0.36 $ 0.49 $ 1.73 $ 0.45
Diluted ....................................................... $ 0.35 $ 0.48 $ 1.67 $ 0.44
Dividends declared per share ....................................... $ 0.35 $ 0.35 $ 0.35 $ 0.40
Quarterly financial results for fiscal 2006 were as follows:
Quarters Ended
(in millions, except per share data) February 28 May 31 August 31 November 30
Revenues ...................................................... $2,463 $2,662 $3,905 $2,809
Operating income ................................................ $ 349 $ 448 $1,340 $ 476
Net income ..................................................... $ 251 $ 380 $1,232 $ 416
Earnings per share
Basic ........................................................ $ 0.31 $ 0.47 $ 1.55 $ 0.53
Diluted ....................................................... $ 0.31 $ 0.46 $ 1.49 $ 0.51
Dividends declared per share ....................................... $ 0.25 $ 0.25 $ 0.25 $0.275