Carnival Cruises 2012 Annual Report Download - page 71

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Table of Contents
CARNIVAL CORPORATION & PLC
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share data)
Years Ended November 30,
2012 2011 2010
Revenues
Cruise
Passenger tickets $11,658 $12,158 $11,084
Onboard and other 3,513 3,357 3,104
Tour and other 211 278 281
15,382 15,793 14,469
Operating Costs and Expenses
Cruise
Commissions, transportation and other 2,292 2,461 2,272
Onboard and other 558 506 474
Fuel 2,381 2,193 1,622
Payroll and related 1,742 1,723 1,611
Food 960 965 869
Other ship operating 2,233 2,247 2,032
Tour and other 154 204 212
10,320 10,299 9,092
Selling and administrative 1,720 1,717 1,614
Depreciation and amortization 1,527 1,522 1,416
Ibero goodwill and trademark impairment charges 173 - -
13,740 13,538 12,122
Operating Income 1,642 2,255 2,347
Nonoperating (Expense) Income
Interest income 10 11 12
Interest expense, net of capitalized interest (336) (365) (378)
Unrealized gains on fuel derivatives, net 6 1 -
Realized losses on fuel derivatives (13) - -
Other (expense) income, net (7) 10 (2)
(340) (343) (368)
Income Before Income Taxes 1,302 1,912 1,979
Income Tax Expense, Net (4) - (1)
Net Income $1,298 $1,912 $1,978
Earnings Per Share
Basic $1.67 $2.43 $2.51
Diluted $1.67 $2.42 $2.47
Dividends Declared Per Share $ 1.50 $1.00 $0.40
The accompanying notes are an integral part of these consolidated financial statements.
F-1