Carnival Corporation & plc – Company Information

Company Carnival Corporation & plc
Headquarters 3655 N.W. 87th Avenue Miami, FL 33178-2428, USA (Carnival Corporation)

Carnival House, 100 Harbour Parade, Southampton SO15 IST, UK (Carnival plc)

CEO and President Arnold W. Donald
CFO David Bernstein
Industry Cruise Ships / Travel
Founder Ted Arison
Founded 1972
Type Public
NYSE stock symbol CCL
Revenue $15.884 billion (2014)
Net income $1,236 million (2014)
Earnings per share $1.59 USD (2014)
Employees 81,200 (2014)
Investor relations contact number: 305-406-5539
Corporate contact number: 305-599-2600

Carnival Corporation & plc is a leading cruise ship operator and one of the largest vacation corporations worldwide.

The company, which attracts around 10 million guests every year, is headquartered in Miami, USA, and London, England.

It operates a fleet of approximately 100 ships under a number of different brand names.

Carnival claims that at any given time there are around 277,000 people sailing aboard the Carnival fleet (200,000 guests and 77,000 shipboard employees).

Its portfolio of brands include: Carnival Cruise Lines, Holland America Line, Princess Cruises and Seabourn in North America; P&O Cruises (UK), and Cunard in the United Kingdom; AIDA Cruises in Germany; Costa Cruises in Southern Europe; Iberocruceros in Spain; and P&O Cruises (Australia) in Australia.

The company was founded in 1972 by Ted Arison under the name Carnival Cruise Lines and in 1993 it changed its name to Carnival Corporation.

In April 2003 Carnival Corporation merged with P&O Princess Cruises plc and the result was the world’s largest cruise operator.

Its stock is listed on both the London Stock Exchange and the New York Stock Exchange under the stock ticker symbol CCL.

The company’s mission is “to take the world on vacation and deliver exceptional experiences through many of the world’s best-known cruise brands that cater to a variety of different geographic regions and lifestyles, all at an outstanding value unrivaled on land or at sea.”

Income data (in $ millions) 2014* 2013*
Passenger tickets revenue $11,889 $11,648
Onboard and other revenue $3,780 $3,598
Tour and other revenue $215 $210
Total revenue $15,884 $15,456
Operating costs and expenses $14,092 $14,104
Operating income $1,792 $1,352
Nonoperating (expense) income $(547) $(280)
Income before income taxes $1,245 $1,072
Income tax benefit (Eepense), net $(9) $6
Net income $1,236 $1,078
Total comprehensive income $459 $1,446
Balance sheet data (in $ millions)
Total assets $39,532 $40,104
Long term debt $7,363 $8,092
Total shareholders’ equity $24,288 $24,556
Common share data (in $)
Earnings per Common Share – Basic $1.59 $1.39
Earnings per Common Share – Diluted $1.59 $1.39
Cash flow data (in $ millions)
Net cash provided by operating activities $3,430 $2,824
Net cash used in investing activities $(2,507) $(2,056)
Net cash used in financing activities $(1,028) $(780)
Cash and cash equivalents at beginning of year $462 $465
Cash and cash equivalents at end of year $331 $462

* Year Ended November 30
Source: “Carnival Corporation & plc Form 10-K 2014”