Carnival Cruises 2013 Annual Report Download - page 61

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Table of Contents
CARNIVAL CORPORATION & PLC
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share data)
Years Ended November 30,
2013 2012 2011
Revenues
Cruise
Passenger tickets $11,648 $11,658 $12,158
Onboard and other 3,598 3,513 3,357
Tour and other 210 211 278
15,456 15,382 15,793
Operating Costs and Expenses
Cruise
Commissions, transportation and other 2,303 2,292 2,461
Onboard and other 539 558 506
Fuel 2,208 2,381 2,193
Payroll and related 1,859 1,742 1,723
Food 983 960 965
Other ship operating 2,589 2,233 2,247
Tour and other 143 154 204
10,624 10,320 10,299
Selling and administrative 1,879 1,720 1,717
Depreciation and amortization 1,588 1,527 1,522
Ibero goodwill and trademark impairment charges 13 173 -
14,104 13,740 13,538
Operating Income 1,352 1,642 2,255
Nonoperating (Expense) Income
Interest income 11 10 11
Interest expense, net of capitalized interest (319) (336) (365)
Gains (losses) on fuel derivatives, net 36 (7) 1
Other (expense) income, net (8) (7) 10
(280) (340) (343)
Income Before Income Taxes 1,072 1,302 1,912
Income Tax Benefit (Expense), Net 6 (4) -
Net Income $ 1,078 $1,298 $1,912
Earnings Per Share
Basic $ 1.39 $1.67 $2.43
Diluted $ 1.39 $1.67 $2.42
Dividends Declared Per Share $1.00 $ 1.50 $1.00
The accompanying notes are an integral part of these consolidated financial statements.
F-2