Carnival Cruises 2015 Annual Report Download - page 85

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(b) Adjusted net (loss) income and adjusted fully diluted earnings per share were computed as follows:
Quarters Ended
February 28 May 31 August 31 November 30
Net income
U.S. GAAP net (loss) income ........................... $ (20) $ 98 $1,241 $ (104)
Restructuring expenses ................................ - - - 18
(Gains) on ship sales and ship impairments, net ............. - (15) - 17
Unrealized losses (gains) on fuel derivatives, net ............ 17 (10) (15) 277
Adjusted net (loss) income ............................. $ (3) $ 73 $1,226 $ 208
Weighted-average shares outstanding ..................... 776 778 778 776
Earnings per share
U.S. GAAP (loss) earnings per share .................... $(0.03) $ 0.13 $ 1.60 $(0.13)
Restructuring expenses ................................ - - - 0.02
(Gains) on ship sales and ship impairments, net ............. - (0.02) - 0.02
Unrealized losses (gains) on fuel derivatives, net ............ 0.02 (0.02) (0.02) 0.36
Adjusted earnings per share ........................... $0.00 $ 0.09 $ 1.58 $ 0.27
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