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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Revenues        
Revenues $ 4,911 $ 2,401 $ 9,343 $ 4,024
Operating Expenses        
Commissions, transportation and other 619 325 1,274 576
Onboard and other 549 314 1,033 523
Payroll and related 601 533 1,183 1,038
Fuel 489 545 1,024 910
Food 325 191 636 327
Ship and other impairments 0 0 0 8
Other operating 875 774 1,619 1,331
Cruise and tour operating expenses 3,457 2,683 6,768 4,713
Selling and administrative 736 619 1,448 1,149
Depreciation and amortization 597 572 1,179 1,126
Costs and expenses 4,791 3,874 9,394 6,988
Operating Income (Loss) 120 (1,473) (52) (2,964)
Nonoperating Income (Expense)        
Interest income 69 6 124 9
Interest expense, net of capitalized interest (542) (370) (1,082) (738)
Gain (loss) on debt extinguishment, net (31) 0 (31) 0
Other income (expense), net (17) 6 (47) (26)
Nonoperating Income (Expense) (522) (358) (1,036) (755)
Income (Loss) Before Income Taxes (402) (1,831) (1,087) (3,719)
Income Tax Benefit (Expense), Net (5) (3) (13) (6)
Net Income (Loss) $ (407) $ (1,834) $ (1,100) $ (3,726)
Earnings Per Share        
Basic (in dollars per share) $ (0.32) $ (1.61) $ (0.87) $ (3.27)
Diluted (in dollars per share) $ (0.32) $ (1.61) $ (0.87) $ (3.27)
Passenger ticket        
Revenues        
Revenues $ 3,141 $ 1,285 $ 6,011 $ 2,158
Onboard and other        
Revenues        
Revenues $ 1,770 $ 1,116 $ 3,332 $ 1,866