Carnival Cruises 2013 Annual Report Download - page 119

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Table of Contents
Quarterly financial results for 2012 were as follows (in millions, except per share data):
Quarters Ended
February 29 May 31 August 31 November 30
Revenues $3,582 $ 3,538 $ 4,684 $3,579
Operating (loss) income $(82) $ 253 $1,295 $176
Net (loss) income (a) $(139) $14 $1,330 $ 93
(Loss) earnings per share
Basic $(0.18) $0.02 $ 1.71 $0.12
Diluted $(0.18) $0.02 $ 1.71 $0.12
Non-GAAP net income (a) $ 49 $159 $1,194 $111
Non-GAAP earnings per share – diluted (a) $0.07 $0.20 $ 1.53 $0.14
Dividends declared per share $ 0.25 $ 0.25 $ 0.25 $ 0.75(b)
(a) Non-GAAP net income and fully diluted earnings per share were computed as follows:
Quarters Ended
February 29 May 31 August 31 November 30
Net income – diluted
U.S. GAAP net (loss) income $(139) $14 $1,330 $ 93
Losses on ship sales including impairments, net 36 - - 13
Goodwill and trademark impairment charges 173 - - -
Unrealized (gains) losses on fuel derivatives, net (21) 145 (136) 5
Non-GAAP net income $ 49 $159 $1,194 $111
Weighted-average shares outstanding – diluted 778 779 779 779
Earnings per share – diluted
U.S. GAAP (loss) earnings per share $(0.18) $0.02 $ 1.71 $0.12
Losses on ship sales including impairments, net (i) 0.05 - - 0.01
Goodwill and trademark impairment charges 0.22 - - -
Unrealized (gains) losses on fuel derivatives, net (0.02) 0.18 (0.18) 0.01
Non-GAAP earnings per share (i) $0.07 $0.20 $ 1.53 $0.14
(i). We changed our previously reported non-GAAP earnings per share for the quarters ended February 29, 2012 and November 30, 2012 from $0.02
to $0.07 and $0.13 to $0.14, respectively, to exclude losses on ship sales including impairments, net to be consistent with our treatment of these
types of items in our 2013 non-GAAP earnings per share.
(b) Includes a special dividend of $0.50 per share.
F-60