Norwegian Cruise Line Holdings Ltd. (NCLH)
NYSE: NCLH · Real-Time Price · USD
18.56
+0.63 (3.54%)
Nov 9, 2026, 2:39 PM EST - Market open
NCLH Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | 832.94 | 423.25 | 910.26 | 166.18 | -2,270 | -4,507 |
Depreciation & Amortization | 1,079 | 985.41 | 891.91 | 809.74 | 750.75 | 704.2 |
Other Amortization | 69.07 | 81.6 | 81.6 | 73.5 | 59.3 | 54.4 |
Loss (Gain) From Sale of Assets | 14.8 | -2.03 | -4.77 | -6.85 | -2.3 | -9.49 |
Asset Writedown & Restructuring Costs | 95.1 | 95.1 | - | - | - | - |
Stock-Based Compensation | 91.22 | 88.39 | 91.78 | 118.94 | 113.56 | 124.08 |
Provision & Write-off of Bad Debts | 3.34 | 3.34 | 6.36 | 6.19 | 13.61 | 19.28 |
Other Operating Activities | -76.57 | 410.19 | -152.76 | 28.65 | 186.62 | 1,350 |
Change in Accounts Receivable | 0.95 | -73.77 | 49.3 | 39.65 | 828.66 | -1,160 |
Change in Inventory | -36.05 | 11.02 | 6.95 | -11.04 | -33.61 | -37.48 |
Change in Accounts Payable | -20.76 | -1.52 | -20.21 | -50.98 | -16.2 | 152.03 |
Change in Unearned Revenue | 15.83 | 66.3 | 35.68 | 503.68 | 928.95 | 521.91 |
Change in Other Net Operating Assets | 96.46 | 2.46 | 153.71 | 328.06 | -349.42 | 319.53 |
Operating Cash Flow | 2,165 | 2,090 | 2,050 | 2,006 | 210.02 | -2,468 |
Operating Cash Flow Growth | 6.68% | 1.95% | 2.20% | 855.01% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -2,730 | -3,260 | -1,211 | -2,750 | -1,784 | -752.84 |
Cash Acquisitions | - | - | -27.32 | - | - | - |
Investment in Securities | - | - | - | - | 240 | -240 |
Other Investing Activities | -3.09 | -5.09 | 8.89 | -146.78 | -212.05 | -11.2 |
Investing Cash Flow | -2,628 | -3,265 | -1,229 | -2,897 | -1,756 | -1,004 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
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 Debt Issued (Repaid) | 656.06 | 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 | -31.42 | -23.83 | -25.33 | -26.86 | -20.99 | -16.69 |
Other Financing Activities | -72.61 | -491.99 | -136.31 | -196.3 | -230.89 | -1,462 |
Financing Cash Flow | 552.02 | 1,194 | -1,032 | 346.86 | 986.22 | 1,678 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 Cash Flow | 89.71 | 19.13 | -211.65 | -544.57 | -559.66 | -1,794 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -564.22 | -1,170 | 838.87 | -744.65 | -1,574 | -3,221 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -5.55% | -11.90% | 8.85% | -8.71% | -32.49% | -497.06% |
Free Cash Flow Per Share | -1.23 | -2.45 | 1.63 | -1.74 | -3.75 | -8.81 |
Levered Free Cash Flow | -1,046 | -1,549 | 572 | -1,355 | -496.86 | -3,005 |
Unlevered Free Cash Flow | -692.11 | -1,205 | 939.18 | -978.21 | -55.22 | -1,764 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 952 | 952 | 772.6 | 822.5 | 750.6 | 2,100 |
Cash Income Tax Paid | 18.6 | 18.6 | 4.6 | -3.1 | -9.5 | 2.7 |
Change in Working Capital | 56.44 | 4.5 | 225.44 | 809.37 | 1,358 | -204.01 |