8-KOther Events

CARNIVAL CORP 8-K Report (May 7, 2003)

Filed May 7, 2003For Securities:CCL

Summary

This Form 8-K filing by Carnival Corporation and Carnival plc (formerly P&O Princess Cruises plc) primarily serves as an amendment to Carnival plc's 2002 Form 20-F. The amendment focuses on complying with SEC Regulation G by removing specific definitions related to "Net revenue yields" and "underlying cost movements" from the "Operating and Financial Review and Prospects" section. Investors should note that these definitions were removed, impacting how the company previously presented its performance metrics. The removal of these specific definitions means investors will no longer see the company's prior explanations for calculating "Net revenue yields" and "underlying cost movements." While the metrics themselves may still be discussed, the detailed accounting and definitional basis previously provided is now absent from the filing. This change is procedural and aimed at regulatory compliance rather than indicating a fundamental shift in the company's financial operations or outlook.

Key Highlights

  • 1Carnival plc (formerly P&O Princess Cruises plc) is amending its 2002 Form 20-F filing.
  • 2The amendment is to comply with SEC Regulation G.
  • 3Specific paragraphs defining 'Net revenue yields' have been removed from the 'Operating and Financial Review and Prospects' section.
  • 4Specific paragraphs defining 'underlying cost movements' have also been removed.
  • 5These removals affect how the company previously explained its yield and cost calculations.
  • 6The filing is dated May 6, 2003.

Frequently Asked Questions

Carnival plc is amending its Form 20-F to comply with SEC Regulation G, which governs the use of non-GAAP financial measures in filings.

The company removed the specific definitions and explanations for 'Net revenue yields' and 'underlying cost movements' that were previously included in the 'Operating and Financial Review and Prospects' section of its 2002 Form 20-F.

This filing is procedural and relates to regulatory compliance. It does not inherently change Carnival's financial performance or future outlook. However, investors should be aware that the previously provided detailed definitions for calculating certain metrics are no longer present in the amended filing.

Gerald R. Cahill, Senior Vice President-Finance and Chief Financial and Accounting Officer for both Carnival Corporation and Carnival plc, signed the Form 8-K on May 6, 2003.