For the quarter ending 2025-09-30, NCLH had -$17,214K decrease in cash & cash equivalents over the period. -$726,534K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 419,295 | 29,992 | -40,295 | 254,536 |
| Depreciation and amortization expense | 272,788 | 264,437 | 250,535 | 246,635 |
| Deferred income taxes, net | - | - | - | -155,114 |
| Gain on derivatives | 86 | 2,409 | -506 | 267 |
| Loss on extinguishment of debt | -154,147 | -68,409 | -49,529 | 0 |
| Provision for bad debts and inventory obsolescence | -58 | 1,319 | 833 | 2,691 |
| Gain on involuntary conversion of assets | 2,032 | 0 | -5 | 166 |
| Share-based compensation expense | 18,418 | 25,899 | 20,281 | 26,211 |
| Net foreign currency adjustments on euro-denominated debt | 4,662 | -121,909 | -16,013 | 32,648 |
| Accounts receivable, net | -14,708 | -3,466 | 50,220 | 23,037 |
| Inventories | -4,997 | 5,184 | 6,135 | 5,210 |
| Prepaid expenses and other assets | -102,801 | 13,465 | 75,976 | -62,122 |
| Accounts payable | 37,169 | 1,715 | 10,700 | -11,820 |
| Accrued expenses and other liabilities | -86,663 | 176,561 | -162,488 | 90,502 |
| Advance ticket sales | -694,258 | 42,202 | 665,933 | -55,179 |
| Net cash provided by operating activities | 236,564 | 714,851 | 679,221 | 399,256 |
| Additions to property and equipment, net | 963,098 | 333,641 | 1,525,220 | 243,436 |
| Cash paid on settlement of derivatives | 1,097 | - | - | 1,789 |
| Acquisition, net of cash acquired | - | - | - | 0 |
| Other | -711 | 2,179 | 7,022 | -1,511 |
| Net cash used in investing activities | -963,484 | -335,820 | -1,532,242 | -243,714 |
| Repayments of long-term debt | 3,857,398 | 1,143,059 | 2,723,237 | 900,440 |
| Proceeds from long-term debt | 4,772,829 | 773,876 | 3,679,114 | 609,698 |
| Common share issuance proceeds, net | 81,276 | 63,996 | - | - |
| Net share settlement of restricted share units | 19 | 0 | 23,805 | 3,275 |
| Early redemption premium | 132,018 | 67,729 | 38,379 | 0 |
| Deferred financing fees | 154,964 | 6,459 | 47,078 | 3,281 |
| Net cash provided by (used in) financing activities | 709,706 | -379,375 | 846,615 | -297,298 |
| Net decrease in cash and cash equivalents | -17,214 | -344 | -6,406 | -141,756 |
| Cash and cash equivalents at beginning of period | 184,015 | 184,359 | 190,765 | 332,521 |
| Cash and cash equivalents at end of period | 166,801 | 184,015 | 184,359 | 190,765 |
Norwegian Cruise Line Holdings Ltd. (NCLH)
Norwegian Cruise Line Holdings Ltd. (NCLH)