Carnival Cruises 2015 Annual Report Download - page 41

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(a) A portion of the North America cruise brands’ segment revenues includes revenues for the tour portion of a
cruise when a land tour package is sold along with a cruise by either Holland America Line or Princess.
These intersegment tour revenues, which are included in our Tour and Other segment, are eliminated
directly against the North America cruise brands’ segment revenues and operating expenses in the line
“Intersegment elimination.”
(b) Tour and Other segment assets primarily include hotels and lodges in the state of Alaska and the Canadian
Yukon, motorcoaches used for sightseeing and charters, glass-domed railcars, which run on the Alaska
Railroad, and our owned ships that we leased out under long-term charters to unaffiliated entities.
(c) Previously reported results changed as a result of our revision of prior period financial statements as follows
(see “Note 1 – General – Revision of Prior Period Financial Statements”):
November 30, 2014 November 30, 2013
As
Previously
Reported Adjustment
As
Revised
As
Previously
Reported Adjustment
As
Revised
North America Cruise Brands
Operating costs and expenses ............ $ 6,418 $ 18 $ 6,436 $ 6,439 $ 21 $ 6,460
Depreciation and amortization ........... $ 959 $ 2 $ 961 $ 927 $ 2 $ 929
Operating income ..................... $ 1,061 $(20) $ 1,041 $ 956 $(23) $ 933
Total assets .......................... $22,765 $(84) $22,681 $22,448 $(62) $22,386
(d) Includes $13 million in 2013 of impairment charges related to Ibero’s trademarks.
Non-U.S. revenues for our cruise brands represent sales generated from outside the U.S. principally by non-U.S.
travel agents and tour operators. Substantially all of our long-lived assets are located outside of the U.S. and
consist of our ships and ships under construction.
Revenues by geographic areas, which are based on where our guests are sourced and not the cruise brands on
which they sailed, were as follows (in millions):
Years Ended November 30,
2015 2014 2013
North America ..................................................... $ 8,015 $ 7,762 $ 7,738
Europe ........................................................... 5,133 5,676 5,426
Australia and Asia .................................................. 2,256 2,097 1,772
Other ............................................................. 310 349 520
$15,714 $15,884 $15,456
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