Carnival Cruises 2015 Annual Report Download - page 84

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Quarterly financial results for 2014 were as follows (in millions, except per share data):
Quarters Ended
February 28 May 31 August 31 November 30
Revenues .......................................... $3,585 $3,633 $4,947 $3,718
Operating income ................................... $ 67(a) $ 147(a) $1,292(a) $ 265(a)
Net (loss) income ................................... $ (20)(a) $ 98(a) $1,241(a) $ (104)(a)
(Loss) earnings per share
Basic ........................................... $(0.03)(a) $ 0.13(a) $ 1.60(a) $ (0.13)(a)
Diluted .......................................... $(0.03)(a) $ 0.13(a) $ 1.60(a) $ (0.13)(a)
Adjusted net (loss) income (b) ......................... $ (3)(a) $ 73(a) $1,226(a) $ 208(a)
Adjusted earnings per share – diluted (b) ................. $ 0.00(a) $ 0.09(a) $ 1.58(a) $ 0.27(a)
Dividends declared per share .......................... $ 0.25 $ 0.25 $ 0.25 $ 0.25
(a) Previously reported results changed as follows as a result of our revision of prior period financial statements
(see “Note 1 – General – Revision of Prior Period Financial Statements” in the consolidated financial
statements for additional discussion):
Quarter Ended
February 28, 2014
Quarter Ended
May 31, 2014
As Previously
Reported
As
Revised
As Previously
Reported
As
Revised
Operating income ....................................... $ 72 $ 67 $155 $147
Net (loss) income ....................................... $ (15) $ (20) $ 106 $ 98
(Loss) earnings per share
Basic ............................................... $(0.02) $(0.03) $0.14 $0.13
Diluted ............................................. $(0.02) $(0.03) $0.14 $0.13
Adjusted net income (loss) ................................ $ 2 $ (3) $ 80 $ 73
Adjusted earnings per share – diluted ....................... $0.00 $ 0.00 $0.10 $0.09
Quarter Ended
August 31, 2014
Quarter Ended
November 30, 2014
As Previously
Reported
As
Revised
As Previously
Reported
As
Revised
Operating income ....................................... $1,298 $1,292 $ 267 $ 265
Net income (loss) ....................................... $1,247 $1,241 $ (102) $ (104)
Earnings (loss) per share
Basic ............................................... $ 1.61 $ 1.60 $(0.13) $(0.13)
Diluted ............................................. $ 1.60 $ 1.60 $(0.13) $(0.13)
Adjusted net income ..................................... $1,232 $1,226 $ 210 $ 208
Adjusted earnings per share – diluted ....................... $ 1.58 $ 1.58 $ 0.27 $ 0.27
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