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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (15,463) $ (194,335)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 274,332 236,147
Loss on derivatives 2,461 14,019
Loss on extinguishment of debt 29,000 2,434
Provision for bad debts and inventory obsolescence 1,532 1,199
Gain on involuntary conversion of assets (2,846)  
Share-based compensation expense 21,948 28,155
Net foreign currency adjustments (6,603) 1,021
Changes in operating assets and liabilities:    
Accounts receivable, net (4,052) 65,391
Inventories (517) 2,812
Prepaid expenses and other assets (83,414) (129,858)
Accounts payable 29,987 (25,926)
Accrued expenses and other liabilities (31,423) (168,881)
Advance ticket sales 592,238 668,261
Net cash provided by operating activities 807,180 500,439
Cash flows from investing activities    
Additions to property and equipment, net (258,851) (237,676)
Other, net 3,608 1,320
Net cash used in investing activities (255,243) (236,356)
Cash flows from financing activities    
Repayments of long-term debt (425,339) (1,821,412)
Proceeds from long-term debt 92,406 1,330,622
Due to NCLH, net (9) 5,512
Net share settlement of restricted share units (22,032) (11,306)
Early redemption premium (19,163)  
Deferred financing fees and other (20,401) (13,886)
Net cash used in financing activities (394,538) (510,470)
Net increase (decrease) in cash and cash equivalents 157,399 (246,387)
Cash and cash equivalents at beginning of period 396,473 941,026
Cash and cash equivalents at end of period $ 553,872 $ 694,639