Carnival Cruises 2014 Annual Report Download - page 77

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Quarterly financial results for 2013 were as follows (in millions, except per share data):
Quarters Ended
February 28 May 31 August 31 November 30
Revenues ............................................. $3,593 $3,479 $4,726 $3,659
Operating income ...................................... $ 145 $ 152 $ 951 $ 104
Net income (a) ......................................... $ 37 $ 41 $ 934 $ 66
Earnings per share
Basic .............................................. $ 0.05 $ 0.05 $ 1.20 $ 0.09
Diluted (a) .......................................... $ 0.05 $ 0.05 $ 1.20 $ 0.08
Non-GAAP net income (a) ............................... $ 67 $ 57 $1,073 $ 35
Non-GAAP earnings per share – diluted (a) .................. $ 0.08 $ 0.07 $ 1.38 $ 0.04
Dividends declared per share ............................. $ 0.25 $ 0.25 $ 0.25 $ 0.25
(a) Non-GAAP net income and fully diluted earnings per share were computed as follows:
Quarters Ended
February 28 May 31 August 31 November 30
Net income – diluted
U.S. GAAP net income ................................ $ 37 $ 41 $ 934 $ 66
Losses (gains) on ship sales and ship impairments, net ........ 2 (15) 176 -
Trademark and other impairment charges .................. - - 27 -
Unrealized losses (gains) on fuel derivatives, net ............ 28 31 (64) (31)
Non-GAAP net income ............................... $ 67 $ 57 $1,073 $ 35
Weighted-average shares outstanding – diluted ............. 778 777 777 777
Earnings per share – diluted
U.S. GAAP earnings per share ......................... $0.05 $ 0.05 $ 1.20 $ 0.08
Losses (gains) on ship sales and ship impairments, net ........ - (0.02) 0.23 -
Trademark and other impairment charges .................. - - 0.03 -
Unrealized losses (gains) on fuel derivatives, net ............ 0.03 0.04 (0.08) (0.04)
Non-GAAP earnings per share ......................... $0.08 $ 0.07 $ 1.38 $ 0.04
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