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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2023
Aug. 31, 2022
Revenues        
Revenues $ 6,854 $ 4,305 $ 16,197 $ 8,329
Operating Expenses        
Commissions, transportation and other 823 565 2,097 1,141
Onboard and other 752 537 1,785 1,060
Payroll and related 585 563 1,768 1,601
Fuel 468 668 1,492 1,577
Food 364 259 1,000 586
Ship and other impairments 0 0 0 8
Other operating 928 787 2,546 2,118
Cruise and tour operating expenses 3,921 3,379 10,688 8,092
Selling and administrative 713 625 2,162 1,774
Depreciation and amortization 596 581 1,774 1,707
Costs and expenses 5,230 4,585 14,624 11,573
Operating Income (Loss) 1,624 (279) 1,572 (3,244)
Nonoperating Income (Expense)        
Interest income 59 24 183 34
Interest expense, net of capitalized interest (518) (422) (1,600) (1,161)
Debt extinguishment and modification costs (81) 0 (112) 0
Other income (expense), net (19) (81) (67) (108)
Nonoperating Income (Expense) (559) (479) (1,595) (1,235)
Income (Loss) Before Income Taxes 1,065 (759) (23) (4,478)
Income Tax Benefit (Expense), Net 9 (11) (3) (17)
Net Income (Loss) $ 1,074 $ (770) $ (26) $ (4,495)
Earnings Per Share        
Basic (in dollars per share) $ 0.85 $ (0.65) $ (0.02) $ (3.89)
Diluted (in dollars per share) $ 0.79 $ (0.65) $ (0.02) $ (3.89)
Passenger ticket        
Revenues        
Revenues $ 4,546 $ 2,595 $ 10,557 $ 4,753
Onboard and other        
Revenues        
Revenues $ 2,308 $ 1,711 $ 5,640 $ 3,577