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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Cruise        
Passenger ticket $ 3,193 $ 2,872 $ 6,341 $ 5,676
Onboard and other 1,122 1,036 2,192 2,014
Tour and other 42 37 55 46
Revenues 4,357 3,945 8,589 7,736
Cruise        
Commissions, transportation and other 577 513 1,240 1,082
Onboard and other 138 129 278 253
Payroll and related 543 513 1,101 1,032
Fuel 373 310 731 607
Food 265 253 530 504
Other ship operating 749 685 1,460 1,346
Tour and other 36 33 50 46
Operating expenses 2,681 2,436 5,390 4,870
Selling and administrative 605 553 1,221 1,102
Depreciation and amortization 512 456 1,000 896
Operating costs and expenses 3,798 3,445 7,611 6,868
Operating Income 559 500 978 868
Nonoperating Income (Expense)        
Interest income 3 2 6 4
Interest expense, net of capitalized interest (49) (50) (98) (101)
Gains (losses) on fuel derivatives, net 41 (53) 57 (27)
Other income (expense), net 10 (15) 11 (7)
Nonoperating Income (Expense), Total 5 (116) (24) (131)
Income Before Income Taxes 564 384 955 737
Income Tax Expense, Net (3) (5) (3) (7)
Net Income $ 561 $ 379 $ 951 $ 730
Earnings Per Share        
Earnings per share, basic (in dollars per share) $ 0.79 $ 0.52 $ 1.33 $ 1.01
Earnings per share, diluted (in dollars per share) 0.78 0.52 1.33 1.00
Dividends declared per share (in dollars per share) $ 0.5 $ 0.4 $ 0.95 $ 0.75