Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. What is Total Revenue at the end of the current fiscal year? 2. What is Total Revenue at the end of the year prior

1. What is Total Revenue at the end of the current fiscal year?

2. What is Total Revenue at the end of the year prior to the current fiscal year?

What is the Net Income (Loss) attributable to common stockholders* at the end of the current fiscal year?

4. What is Net Income (Loss) attributable to common stockholders* at the end of the year prior to the current fiscal year?

5. What is the Profit Margin Ratio for the current fiscal year?

6. What is the Gross Profit Ratio for the current fiscal years?

7. If Carnivals current passenger ticket revenue increases by 10% with an increase in operating costs of $2,000,000, what would be their new Gross Margin Ratio? image text in transcribed

4.0%. . 2019 Executive Overview Key information for 2019 compared to the prior year (see "Key Performance Non-GAAP Financial Indicators" for definitions and reconciliations): Net income of $3.0 billion or $4.32 diluted eamings per share, compared to net income of $3.2 billion or $4.44 diluted earnings per share in 2018. Record adjusted net income of $3.0 billion, or $4.40 adjusted diluted earnings per share, compared to adjusted net income of $3.0 billion or $4.26 adjusted diluted earnings per share in 2018. Adjusted net income excludes net charges of $52 million for 2019 and net gains of $123 million for 2018. Record total revenues were $20.8 billion, higher than $18.9 billion in 2018. Gross cruise revenues of $20.4 billion, higher than $18.6 billion in 2018. In constant currency, net cruise revenues of $16.0 billion, higher than $15.4 billion in 2018, an increase of Gross revenue yields increased 5.4%. In constant currency, net revenue yields decreased 0.2%, comprised of a 1.0% decrease in net passenger ticket revenue yields and a 2.0% increase in net onboard and other revenue yields. Gross cruise costs including fuel per ALBD increased 8.6%. Net cruise costs excluding fuel per ALBD in constant currency decreased 0.3%. Changes in fuel prices and currency exchange rates decreased earnings by $0.01 per share. After five years of strong adjusted carnings growth for our company, 2019 brought with it more than our fair share of challenges including the abrupt regulatory change preventing travel to Cuba, geopolitical events in the Arabian Gulf, Hurricane Dorian, a costly unscheduled dry-dock, and multiple shipyard delays, all of which necessitated the cancellation of cruises and in many instances resulted in shorter booking windows negatively impacting yields. The impact from these events was compounded by an unanticipated decline in consumer attitude affecting leisure travel broadly in our Continental European source markets. As a global company with nearly 50 percent of our guests sourced from outside the U.S., we are subject to uneven economies around the world. We have a large percentage of our portfolio weighted in regions that are currently challenged. We have already taken actions to adapt to what is proving to be a persistent challenge. These actions include changing itineraries to optimize our performance and implementing an action plan to accelerate demand and right-size capacity sourced from Southern Europe. 4.0%. . 2019 Executive Overview Key information for 2019 compared to the prior year (see "Key Performance Non-GAAP Financial Indicators" for definitions and reconciliations): Net income of $3.0 billion or $4.32 diluted eamings per share, compared to net income of $3.2 billion or $4.44 diluted earnings per share in 2018. Record adjusted net income of $3.0 billion, or $4.40 adjusted diluted earnings per share, compared to adjusted net income of $3.0 billion or $4.26 adjusted diluted earnings per share in 2018. Adjusted net income excludes net charges of $52 million for 2019 and net gains of $123 million for 2018. Record total revenues were $20.8 billion, higher than $18.9 billion in 2018. Gross cruise revenues of $20.4 billion, higher than $18.6 billion in 2018. In constant currency, net cruise revenues of $16.0 billion, higher than $15.4 billion in 2018, an increase of Gross revenue yields increased 5.4%. In constant currency, net revenue yields decreased 0.2%, comprised of a 1.0% decrease in net passenger ticket revenue yields and a 2.0% increase in net onboard and other revenue yields. Gross cruise costs including fuel per ALBD increased 8.6%. Net cruise costs excluding fuel per ALBD in constant currency decreased 0.3%. Changes in fuel prices and currency exchange rates decreased earnings by $0.01 per share. After five years of strong adjusted carnings growth for our company, 2019 brought with it more than our fair share of challenges including the abrupt regulatory change preventing travel to Cuba, geopolitical events in the Arabian Gulf, Hurricane Dorian, a costly unscheduled dry-dock, and multiple shipyard delays, all of which necessitated the cancellation of cruises and in many instances resulted in shorter booking windows negatively impacting yields. The impact from these events was compounded by an unanticipated decline in consumer attitude affecting leisure travel broadly in our Continental European source markets. As a global company with nearly 50 percent of our guests sourced from outside the U.S., we are subject to uneven economies around the world. We have a large percentage of our portfolio weighted in regions that are currently challenged. We have already taken actions to adapt to what is proving to be a persistent challenge. These actions include changing itineraries to optimize our performance and implementing an action plan to accelerate demand and right-size capacity sourced from Southern Europe

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley Eakins

6th International Edition

0321552113, 9780321552112

More Books

Students also viewed these Finance questions