XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2022
Aug. 31, 2021
Revenues        
Revenues $ 4,305 $ 546 $ 8,329 $ 621
Operating Costs and Expenses        
Selling and administrative 625 425 1,774 1,305
Depreciation and amortization 581 562 1,707 1,681
Costs and expenses 4,585 2,603 11,573 5,817
Operating Income (Loss) (279) (2,057) (3,244) (5,196)
Nonoperating Income (Expense)        
Interest income 24 3 34 10
Interest expense, net of capitalized interest (422) (418) (1,161) (1,253)
Gain (loss) on debt extinguishment, net 0 (376) 0 (372)
Other income (expense), net (81) (11) (108) (87)
Nonoperating Income (Expense) (479) (802) (1,235) (1,702)
Income (Loss) Before Income Taxes (759) (2,859) (4,478) (6,898)
Income Tax Benefit (Expense), Net (11) 23 (17) 17
Net Income (Loss) $ (770) $ (2,836) $ (4,495) $ (6,881)
Earnings Per Share        
Basic (in dollars per share) $ (0.65) $ (2.50) $ (3.89) $ (6.14)
Diluted (in dollars per share) $ (0.65) $ (2.50) $ (3.89) $ (6.14)
Cruise        
Operating Costs and Expenses        
Commissions, transportation and other $ 565 $ 79 $ 1,141 $ 116
Onboard and other 537 72 1,060 94
Payroll and related 563 375 1,601 834
Fuel 668 182 1,577 398
Food 259 52 586 80
Ship and other impairments 0 475 8 524
Other operating 787 381 2,118 786
Operating costs and expenses 3,379 1,616 8,092 2,832
Passenger ticket        
Revenues        
Revenues 2,595 303 4,753 326
Onboard and other        
Revenues        
Revenues $ 1,711 $ 243 $ 3,577 $ 295