Norwegian Cruise Line Holdings Ltd. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information NCLH’s ordinary shares are listed on the NYSE under the symbol “NCLH.” Holders As of February 16, 2021, there were 276 record holders of NCLH’s ordinary shares. Since certain of NCLH’s ordinary shares are held by brokers and other institutions on behalf of shareholders, the foregoing number is not representative of the number of beneficial owners. Dividends NCLH does not currently pay dividends to its shareholders. Any determination to pay dividends in the future will be at the discretion of our Board of Directors and will depend upon our results of operations, financial condition, restrictions imposed by applicable law and our financing agreements and other factors that our Board of Directors deems relevant. Stock Performance Graph This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of NCLH under the Securities Act of 1933, as amended, or the Exchange Act . The following graph shows a comparison of the cumulative total return for our ordinary shares, the Standard & Poor’s 500 Composite Stock Index and the Dow Jones United States Travel and Leisure index. The Stock Performance Graph assumes that $100 was invested at the closing price of our ordinary shares on the Nasdaq and in each index on the last 48 Table of Contents trading day of fiscal 2015. Past performance is not necessarily an indicator of future results. The stock prices used were as of the close of business on the respective dates. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 49 Table of Contents Item 6. Selected Financial Data The following selected financial data should be read in conjunction with the consolidated financial statements and notes thereto and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this annual report. Our financial results have been negatively impacted by the COVID-19 pandemic, which has significantly affected and will continue to affect the comparability of the selected financial data. See Note 2 – “Summary of Significant Accounting Policies” to the Notes to the Consolidated Financial Statements included herein for additional information about COVID-19. Additionally, the consolidated financial statements as of December 31, 2019 include the impact of a change in accounting policy related the adoption of Accounting Standards Codification 842 – Leases on January 1, 2019. See Note 5 – “Leases” to the Notes to the Consolidated Financial Statements included herein for additional information about our leases. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the Year Ended December 31, (in thousands, except share data, per ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ share data and operating data) ​ 2020 ​ 2019 ​ 2018 ​ 2017 ​ 2016 ​ Statement of operations data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total revenue ​ $ 1,279,908 ​ $ 6,462,376 ​ $ 6,055,126 ​ $ 5,396,175 ​ $ 4,874,340 ​ Operating income (loss) ​ $ (3,484,135) ​ $ 1,178,077 ​ $ 1,219,061 ​ $ 1,048,819 ​ $ 925,464 ​ Net income (loss) ​ $ (4,012,514) ​ $ 930,228 ​ $ 954,843 ​ $ 759,872 ​ $ 633,085 ​ EPS: ​ ​ ​ ​ ​ ​ Basic ​ $ (15.75) ​ $ 4.33 ​ $ 4.28 ​ $ 3.33 ​ $ 2.79 ​ Diluted ​ $ (15.75) ​ $ 4.30 ​ $ 4.25 ​ $ 3.31 ​ $ 2.78 ​ Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ Basic ​ 254,728,932 ​ 214,929,977 ​ 223,001,739 ​ 228,040,825 ​ 227,121,875 ​ Diluted ​ 254,728,932 ​ 216,475,076 ​ 224,419,205 ​ 229,418,326 ​ 227,850,286 ​ Balance sheet data: ​ ​ ​ ​ ​ ​ Total assets ​ $ 18,399,317 ​ $ 16,684,599 ​ $ 15,205,970 ​ $ 14,094,869 ​ $ 12,973,911 ​ Property and equipment, net ​ $ 13,411,226 ​ $ 13,135,337 ​ $ 12,119,253 ​ $ 11,040,488 ​ $ 10,117,689 ​ Long-term debt, including current portion ​ $ 11,806,119 ​ $ 6,801,693 ​ $ 6,492,091 ​ $ 6,307,765 ​ $ 6,398,687 ​ Total shareholders’ equity ​ $ 4,354,105 ​ $ 6,515,579 ​ $ 5,963,001 ​ $ 5,749,766 ​ $ 4,537,726 ​ Operating data: ​ ​ ​ ​ ​ ​ ​ ​ Passengers carried ​ 499,729 ​ 2,695,718 ​ 2,795,101 ​ 2,519,324 ​ 2,337,311 ​ Passenger Cruise Days ​ 4,278,602 ​ 20,637,949 ​ 20,276,568 ​ 18,523,030 ​ 17,588,707 ​ Capacity Days ​ 4,123,858 ​ 19,233,459 ​ 18,841,678 ​ 17,363,422 ​ 16,376,063 ​ Occupancy Percentage ​ 103.8 % 107.3 % 107.6 % 106.7 % 107.4 % ​ ​ 50 Table of Contents