Name: Carnival Corp. & plc (NYSE:CCL) | Common-Size Income Statement
Creator: Stock Analysis on Net

Common-Size Income Statement

Carnival Corp. & plc, common-size consolidated income statement

12 months ended:	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019	Nov 30, 2018
Passenger ticket	65.15%	57.70%	52.41%	65.84%	67.73%	73.78%
Onboard and other	34.85%	42.30%	47.59%	34.16%	32.27%	26.22%
Revenues	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Commissions, transportation and other	-12.79%	-13.40%	-14.10%	-20.36%	-13.06%	-13.72%
Onboard and other	-11.00%	-12.56%	-14.26%	-10.81%	-10.09%	-3.38%
Payroll and related	-10.99%	-17.92%	-68.61%	-31.81%	-10.80%	-11.60%
Fuel	-9.48%	-17.73%	-35.64%	-14.71%	-7.50%	-8.57%
Food	-6.18%	-7.09%	-9.80%	-7.38%	-5.20%	-5.65%
Ship and other impairments	0.00%	-3.62%	-30.97%	-35.16%	-0.12%	-0.08%
Other operating	-15.87%	-24.31%	-70.60%	-27.13%	-15.21%	-15.73%
Cruise and tour operating expenses	-66.30%	-96.62%	-243.97%	-147.36%	-61.99%	-58.73%
Gross profit (loss)	33.70%	3.38%	-143.97%	-47.36%	38.01%	41.27%
Selling and administrative	-13.66%	-20.67%	-98.69%	-33.57%	-11.91%	-12.98%
Depreciation and amortization	-10.98%	-18.70%	-117.03%	-40.05%	-10.37%	-10.68%
Goodwill impairments	0.00%	0.00%	-11.84%	-37.46%	0.00%	0.00%
Operating income (loss)	9.06%	-35.99%	-371.54%	-158.45%	15.73%	17.61%
Interest income	1.08%	0.61%	0.63%	0.32%	0.11%	0.07%
Interest expense, net of capitalized interest	-9.57%	-13.22%	-83.91%	-16.00%	-0.99%	-1.03%
Debt extinguishment and modification costs	-0.51%	-0.01%	-35.12%	-8.20%	0.00%	0.00%
Gains on fuel derivatives, net	0.00%	0.00%	0.00%	0.00%	0.00%	0.31%
Other income (expense), net	-0.34%	-1.36%	-9.12%	-0.93%	-0.15%	0.01%
Nonoperating income (expense)	-9.35%	-13.98%	-127.52%	-24.81%	-1.03%	-0.63%
Income (loss) before income taxes	-0.29%	-49.97%	-499.06%	-183.25%	14.70%	16.98%
Income tax (expense) benefit, net	-0.06%	-0.11%	1.10%	0.30%	-0.34%	-0.29%
Net income (loss)	-0.34%	-50.07%	-497.96%	-182.95%	14.36%	16.69%

Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).

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Income statement item	Description	The company
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Carnival Corp. & plc operating income (loss) as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Carnival Corp. & plc income (loss) before income taxes as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Carnival Corp. & plc net income (loss) as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.