Summary
Carnival Corporation & plc, the world's largest leisure travel company, reported its 2018 fiscal year results in this Form 10-K filing. The company operates a diverse portfolio of 104 cruise ships across multiple brands, serving global destinations. Carnival emphasizes its commitment to exceeding guest expectations and delivering strong shareholder returns, underpinned by a strategic focus on health, environment, safety, security (HESS), guest experience, employee development, and stakeholder value. Financially, the company aims for profitable growth and increased return on invested capital. It has been actively returning capital to shareholders through dividends and share repurchases. Carnival is investing in new, larger, and more fuel-efficient ships, with 21 scheduled for delivery through 2025, including a significant expansion into the Asian market, particularly China. The company highlights the favorable characteristics of the cruise industry, including high guest satisfaction, positive demand trends driven by demographics like Baby Boomers and Millennials, and an exceptional value proposition compared to land-based vacations. Carnival is also focused on innovation, particularly in digital guest experiences and fleet modernization, including the adoption of LNG-powered ships.
Financial Highlights
53 data points| Revenue | $18.88B |
| Cost of Revenue | $11.09B |
| Gross Profit | $7.79B |
| SG&A Expenses | $2.45B |
| Operating Expenses | $15.56B |
| Operating Income | $3.33B |
| Interest Expense | $194.00M |
| Net Income | $3.15B |
| EPS (Basic) | $4.45 |
| EPS (Diluted) | $4.44 |
| Shares Outstanding (Basic) | 709.00M |
| Shares Outstanding (Diluted) | 710.00M |
Key Highlights
- 1Carnival Corporation & plc is the world's largest cruise and vacation company, operating 104 ships across multiple global brands and serving all major cruise destinations.
- 2The company is committed to profitable growth, increasing return on invested capital, and maintaining strong credit ratings, with a strategic focus on innovation and fleet modernization.
- 3Carnival has a robust newbuild program with 21 ships scheduled for delivery through 2025, including a growing number of LNG-powered vessels, enhancing efficiency and environmental performance.
- 4Significant investment is being made in digital innovation, including the 'Experience Platform' with OceanMedallion™ and xiOTM, to enhance personalized guest experiences.
- 5The company actively returns capital to shareholders, having increased its quarterly dividend and continuing its stock repurchase program.
- 6Carnival is strategically expanding its presence in developing markets, particularly in Asia (China), recognizing its significant long-term growth potential.
- 7The company emphasizes its commitment to Health, Environment, Safety, Security (HESS) and sustainability, with specific 2020 goals to reduce its environmental footprint.