Carnival Cruises 2008 Annual Report Download - page 80

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F-21
Selling
and Depreciation Capital
Operating adminis- and Operating expend- Total
Revenues(a) expenses trative amortization income itures assets
2008
Cruise $14,254 $8,746 $1,594 $1,213 $2,701 $3,321 $32,833
Other 561 462 35 36 28 32 567(b)
Intersegment
elimination (169) (169)
$14,646 $9,039 $1,629 $1,249 $2,729 $3,353 $33,400
2007
Cruise $12,638 $7,332 $1,547 $1,065 $2,694 $3,265 $33,602
Other 553 454 32 36 31 47 579(b)
Intersegment
elimination (158) (158)
$13,033 $7,628 $1,579 $1,101 $2,725 $3,312 $34,181
2006
Cruise $11,417 $6,477 $1,405 $954 $2,581 $2,395 $29,968
Other 533 425 42 34 32 85 584(b)
Intersegment
elimination (111) (111)
$11,839 $6,791 $1,447 $ 988 $2,613 $2,480 $30,552
(a) A portion of other segment revenues include revenues for the cruise portion of a tour,
when a cruise is sold along with a land tour package by Holland America Tours or Princess
Tours, and shore excursion and port hospitality services provided to cruise guests by
these tour companies. These intersegment revenues, which are included in full in the
cruise segment, are eliminated directly against the other segment revenues and
operating expenses in the line "Intersegment elimination."
(b) Other segment assets primarily included hotels and lodges in the state of Alaska and the
Canadian Yukon Territory, motorcoaches used for sightseeing and charters and domed rail
cars, which run on the Alaska Railroad.
Foreign revenues for our cruise brands represent sales generated from outside the U.S.
primarily by foreign tour operators and foreign travel agencies. Substantially all of our
long–lived assets are located outside of the U.S. and consist principally of our ships and
ships under construction.
Revenues by geographic area, which is based on where the guest is from, were as follows
(in millions):
Years Ended November 30,
2008 2007 2006
North America $ 8,090 $ 7,803 $ 7,679
Europe 5,443 4,355 3,473
Others 1,113 875 687
$14,646 $13,033 $11,839
NOTE 12 - Benefit Plans
Stock Incentive Plans
We issue our share-based compensation awards under the Carnival Corporation and Carnival
plc stock plans, which have an aggregate of 38.3 million shares available for future grant at
November 30, 2008. These plans allow us to issue stock options, restricted stock awards and
restricted stock units (collectively "incentive awards"). Incentive awards are primarily
granted to management level employees and members of our Board of Directors. The plans are
administered by a committee of our independent directors (the "Committee") that determines
which employees are eligible to participate, the monetary value or number of shares for which
incentive awards are to be granted and the amounts that may be exercised or sold within a