VIE:NCLH Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	423.25	910.26	166.18	-2,270	-4,507
Depreciation & Amortization	1,162	973.51	883.24	810.05	758.6
Stock-Based Compensation	88.39	91.78	118.94	113.56	124.08
Other Adjustments	411.5	-151.17	27.99	197.93	1,360
Change in Receivables	-73.77	49.3	39.65	828.66	-1,160
Changes in Inventories	11.02	6.95	-11.04	-33.61	-37.48
Changes in Accounts Payable	-1.52	-20.21	-50.98	-16.2	152.03
Changes in Accrued Expenses	-15.33	65.35	-82.2	252.84	292.84
Changes in Unearned Revenue	66.3	35.68	503.68	928.95	521.91
Changes in Other Operating Activities	17.8	88.37	410.27	-602.26	26.69
Operating Cash Flow	2,090	2,050	2,006	210.02	-2,468
Operating Cash Flow Growth	1.95%	2.20%	855.01%	-	-
Capital Expenditures	-3,260	-1,211	-2,750	-1,784	-752.84
Purchases of Investments	-	-	-	-	-1,010
Proceeds from Sale of Investments	-	-	-	240	770
Payments for Business Acquisitions	-	-27.32	-	-	-
Other Investing Activities	-5.09	8.89	-146.78	-212.05	-11.2
Investing Cash Flow	-3,265	-1,229	-2,897	-1,756	-1,004
Long-Term Debt Issued	9,738	1,299	4,323	3,003	2,601
Long-Term Debt Repaid	-8,173	-2,169	-3,758	-1,770	-2,113
Net Long-Term Debt Issued (Repaid)	1,565	-870.45	564.71	1,233	488.25
Issuance of Common Stock	144.96	-	5.31	5.27	2,669
Repurchase of Common Stock	-23.83	-25.33	-26.86	-20.99	-16.69
Net Common Stock Issued (Repurchased)	121.13	-25.33	-21.55	-15.72	2,652
Other Financing Activities	-491.99	-136.31	-196.3	-230.89	-1,462
Financing Cash Flow	1,194	-1,032	346.86	986.22	1,678
Net Cash Flow	19.13	-211.65	-544.57	-559.66	-1,794
Free Cash Flow	-1,170	838.87	-744.65	-1,574	-3,221
FCF Margin	-11.90%	8.85%	-8.71%	-32.49%	-497.06%
Free Cash Flow Per Share	-2.45	1.63	-1.74	-3.75	-8.81
Levered Free Cash Flow	-31.05	-21.49	-366.52	-1,481	-3,057
Unlevered Free Cash Flow	-478.3	1,665	-149.36	-1,991	-1,594

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.