8-KEarnings & ResultsExhibits & Filings

CARNIVAL CORP 8-K Report, Financial Results (Jun 16, 2006)

Filed June 16, 2006For Securities:CCL

Summary

Carnival Corporation & plc (CCL) filed a Form 8-K on June 16, 2006, to report on their financial condition and results of operations. The filing primarily serves to provide updated financial statements and a press release related to the company's second-quarter earnings for 2006. A key aspect of this report is the retrospective application of a change in accounting method for dry-dock costs, shifting from deferral to direct expense, aimed at improving comparability across periods. Additionally, the company has adopted a new worldwide accounting system with a global chart of accounts, leading to reclassifications in prior periods to enhance consistency. Investors should note these accounting adjustments as they review the furnished financial information.

Key Highlights

  • 1Furnishing of Carnival Corporation & plc Consolidated Statements of Operations, Segment Information, and Non-GAAP Financial Measures for various periods up to November 30, 2005.
  • 2Retrospective application of a change in accounting for dry-dock costs from deferral to direct expense method.
  • 3Adoption of a new worldwide accounting system and global chart of accounts, necessitating reclassifications for comparability.
  • 4Inclusion of a press release dated June 16, 2006, titled 'Carnival Corporation & plc Reports Second Quarter Earnings'.
  • 5The furnished information is for informational purposes and is not considered 'filed' for Section 18 purposes, nor incorporated into other filings.
  • 6The report details financial information for periods ending February 28, 2006, May 31, 2005, August 31, 2005, and November 30, 2005, as well as six and nine-month periods.

Frequently Asked Questions

The primary purpose of this 8-K filing is to furnish updated financial information, including consolidated statements of operations, segment information, and non-GAAP financial measures, as well as a press release announcing the company's second-quarter 2006 earnings. It also details changes in accounting methods and systems that impact financial reporting comparability.

Carnival Corporation & plc is retrospectively applying a change in its accounting method for dry-dock costs, moving from a deferral method to a direct expense method. This change is intended to improve the comparability of financial results across different reporting periods.

Reclassifications have been made to prior periods primarily due to the implementation of a new worldwide accounting system and a global chart of accounts. These changes require adjustments to ensure consistency and improve the comparability of revenue and expense items between current and prior periods.

Yes, the filing includes a press release dated June 16, 2006, titled 'Carnival Corporation & plc Reports Second Quarter Earnings.' While the detailed financial statements furnished cover various periods, the press release specifically addresses the second-quarter results.