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CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2024
Aug. 31, 2023
Revenues        
Revenues $ 7,896 $ 6,854 $ 19,083 $ 16,197
Operating Expenses        
Commissions, transportation and other 958 823 2,510 2,097
Onboard and other 866 752 2,043 1,785
Payroll and related 575 585 1,812 1,768
Fuel 515 468 1,546 1,492
Food 393 364 1,099 1,000
Other operating 995 928 2,796 2,546
Cruise and tour operating expenses 4,303 3,921 11,805 10,688
Selling and administrative 763 713 2,366 2,162
Depreciation and amortization 651 596 1,898 1,774
Costs and expenses 5,718 5,230 16,070 14,624
Operating Income 2,178 1,624 3,013 1,572
Nonoperating Income (Expense)        
Interest income 19 59 77 183
Interest expense, net of capitalized interest (431) (518) (1,352) (1,600)
Debt extinguishment and modification costs (13) (81) (78) (112)
Other income (expense), net (10) (19) (35) (67)
Nonoperating Income (Expense) (435) (559) (1,388) (1,595)
Income (Loss) Before Income Taxes 1,743 1,065 1,626 (23)
Income Tax Benefit (Expense), Net (8) 9 (13) (3)
Net Income (Loss) $ 1,735 $ 1,074 $ 1,613 $ (26)
Earnings Per Share        
Basic (in dollars per share) $ 1.37 $ 0.85 $ 1.27 $ (0.02)
Diluted (in dollars per share) $ 1.26 $ 0.79 $ 1.21 $ (0.02)
Passenger ticket        
Revenues        
Revenues $ 5,239 $ 4,546 $ 12,609 $ 10,557
Onboard and other        
Revenues        
Revenues $ 2,657 $ 2,308 $ 6,474 $ 5,640