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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Cruise        
Passenger tickets $ 2,872 $ 2,696 $ 5,676 $ 5,414
Onboard and other 1,036 978 2,014 1,901
Tour and other 37 31 46 42
Revenues 3,945 3,705 7,736 7,357
Cruise        
Commissions, transportation and other 513 495 1,082 1,077
Onboard and other 129 123 253 240
Payroll and related 513 502 1,032 994
Fuel 310 196 607 383
Food 253 248 504 495
Other ship operating 685 667 1,346 1,271
Tour and other 33 27 46 41
Operating expenses 2,436 2,258 4,870 4,501
Selling and administrative 553 532 1,102 1,083
Depreciation and amortization 456 437 896 861
Costs and Expenses 3,445 3,227 6,868 6,445
Operating Income 500 478 868 912
Nonoperating Income (Expense)        
Interest income 2 2 4 3
Interest expense, net of capitalized interest (50) (57) (101) (108)
(Losses) gains on fuel derivatives, net (53) 171 (27) (65)
Other (expense) income, net (15) 13 (7) 8
Nonoperating (Expense) Income, Total (116) 129 (131) (162)
Income Before Income Taxes 384 607 737 750
Income Tax Expense, Net (5) (2) (7) (3)
Net Income $ 379 $ 605 $ 730 $ 747
Earnings Per Share        
Earnings Per Share, Basic (in dollars per share) $ 0.52 $ 0.81 $ 1.01 $ 0.99
Earnings Per Share, Diluted (in dollars per share) 0.52 0.80 1.00 0.98
Dividends Declared Per Share (in dollars per share) $ 0.40 $ 0.35 $ 0.75 $ 0.65