| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 104,666 | 14,254 | 419,295 | 29,992 |
| Depreciation and amortization expense | 281,388 | 374,348 | 272,788 | 264,437 |
| Deferred income taxes, net | NaN | 2,314 | NaN | NaN |
| Gain on derivatives | NaN | -2,378 | 86 | 2,409 |
| Loss on extinguishment of debt | NaN | 0 | -154,147 | -68,409 |
| Provision for bad debts and inventory obsolescence | NaN | 1,245 | -58 | 1,319 |
| Gain on involuntary conversion of assets | NaN | 0 | 2,032 | 0 |
| Share-based compensation expense | 23,365 | 23,795 | 18,418 | 25,899 |
| Net foreign currency adjustments on euro-denominated debt | 37,638 | -2,140 | 4,662 | -121,909 |
| Other, net | -1,813 | NaN | NaN | NaN |
| Accounts receivable, net | -13,690 | 41,719 | -14,708 | -3,466 |
| Inventories | 27,654 | -17,346 | -4,997 | 5,184 |
| Prepaid expenses and other assets | 87,953 | -4,436 | -102,801 | 13,465 |
| Accounts payable | 33,595 | -51,108 | 37,169 | 1,715 |
| Accrued expenses and other liabilities | -31,185 | 57,256 | -86,663 | 176,561 |
| Advance ticket sales | 537,364 | 52,425 | -694,258 | 42,202 |
| Net cash provided by operating activities | 811,451 | 459,110 | 236,564 | 714,851 |
| Additions to property and equipment, net | 1,436,667 | 437,647 | 963,098 | 333,641 |
| Cash paid on settlement of derivatives | NaN | 787 | 1,097 | NaN |
| Other, net | 3,156 | -5,289 | -711 | 2,179 |
| Net cash used in investing activities | -1,439,823 | -433,145 | -963,484 | -335,820 |
| Repayments of long-term debt | 608,410 | 449,161 | 3,857,398 | 1,143,059 |
| Proceeds from long-term debt | 1,260,848 | 511,970 | 4,772,829 | 773,876 |
| Common share issuance proceeds, net | NaN | -316 | 81,276 | 63,996 |
| Net share settlement of restricted share units | 30,055 | 2 | 19 | 0 |
| Early redemption premium | NaN | 0 | 132,018 | 67,729 |
| Deferred financing fees and other | 18,857 | 45,364 | 154,964 | 6,459 |
| Net cash provided by financing activities | 603,526 | 17,127 | 709,706 | -379,375 |
| Net increase (decrease) in cash and cash equivalents | -24,846 | 43,092 | -17,214 | -344 |
| Cash and cash equivalents at beginning of period | 209,893 | 166,801 | 184,015 | 184,359 |
| Cash and cash equivalents at end of period | 185,047 | 209,893 | 166,801 | 184,015 |
Norwegian Cruise Line Holdings Ltd. (NCLH)
Norwegian Cruise Line Holdings Ltd. (NCLH)