Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Carnival Corp. & plc, consolidated income statement

US$ in millions

12 months ended:	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019	Nov 30, 2018
Passenger ticket	14,067)	7,021)	1,000)	3,684)	14,104)	13,930)
Onboard and other	7,526)	5,147)	908)	1,911)	6,721)	4,951)
Revenues	21,593)	12,168)	1,908)	5,595)	20,825)	18,881)
Commissions, transportation and other	(2,761)	(1,630)	(269)	(1,139)	(2,720)	(2,590)
Onboard and other	(2,375)	(1,528)	(272)	(605)	(2,101)	(638)
Payroll and related	(2,373)	(2,181)	(1,309)	(1,780)	(2,249)	(2,190)
Fuel	(2,047)	(2,157)	(680)	(823)	(1,562)	(1,619)
Food	(1,335)	(863)	(187)	(413)	(1,083)	(1,066)
Ship and other impairments	—)	(440)	(591)	(1,967)	(26)	(16)
Other operating	(3,426)	(2,958)	(1,347)	(1,518)	(3,168)	(2,970)
Cruise and tour operating expenses	(14,317)	(11,757)	(4,655)	(8,245)	(12,909)	(11,089)
Gross profit (loss)	7,276)	411)	(2,747)	(2,650)	7,916)	7,792)
Selling and administrative	(2,950)	(2,515)	(1,883)	(1,878)	(2,480)	(2,450)
Depreciation and amortization	(2,370)	(2,275)	(2,233)	(2,241)	(2,160)	(2,017)
Goodwill impairments	—)	—)	(226)	(2,096)	—)	—)
Operating income (loss)	1,956)	(4,379)	(7,089)	(8,865)	3,276)	3,325)
Interest income	233)	74)	12)	18)	23)	14)
Interest expense, net of capitalized interest	(2,066)	(1,609)	(1,601)	(895)	(206)	(194)
Debt extinguishment and modification costs	(111)	(1)	(670)	(459)	—)	—)
Gains on fuel derivatives, net	—)	—)	—)	—)	—)	59)
Other income (expense), net	(74)	(165)	(174)	(52)	(32)	2)
Nonoperating income (expense)	(2,018)	(1,701)	(2,433)	(1,388)	(215)	(119)
Income (loss) before income taxes	(62)	(6,080)	(9,522)	(10,253)	3,061)	3,206)
Income tax (expense) benefit, net	(12)	(13)	21)	17)	(71)	(54)
Net income (loss)	(74)	(6,093)	(9,501)	(10,236)	2,990)	3,152)

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
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Carnival Corp. & plc revenues increased from 2021 to 2022 and from 2022 to 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Carnival Corp. & plc operating income (loss) 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 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) increased from 2021 to 2022 and from 2022 to 2023.

Carnival Corp. & plc (NYSE:CCL)

Income Statement