Norwegian Cruise Line Cash Flow Statement
NYSE: NCLHConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norwegian Cruise Line free cash flow
In fiscal 2025, Norwegian Cruise Line generated $2.09 billion of operating cash flow and spent $3.26 billion on capital expenditures. That left free cash flow of -$1.17 billion, a free-cash-flow margin of -11.9% of revenue. Free cash flow was down 239.5% from the prior year's $838.9 million.
Summary generated from market data by MetaCap's automated system. Methodology
Norwegian Cruise Line cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 423.25M | 910.26M | 166.18M | -2.27B | -4.51B | -4.01B | 930.23M | 954.84M | 759.87M | 633.09M |
| Net Income growth (YoY) | -53.50% | +447.76% | — | — | — | -531.35% | -2.58% | +25.66% | +20.03% | +48.22% |
| Depreciation & Amortization | 1.16B | 973.51M | 883.24M | 810.05M | 758.60M | 739.62M | 647.10M | 566.97M | 521.48M | 445.63M |
| Stock-Based Compensation | 88.39M | 91.78M | 118.94M | 113.56M | 124.08M | 111.30M | 95.06M | 115.98M | 87.04M | 66.41M |
| Change in Working Capital | 19.83M | 160.09M | 891.58M | 1.11B | -496.85M | -881.44M | 194.19M | 314.53M | 143.27M | 85.69M |
| Operating Cash Flow | 2.09B | 2.05B | 2.01B | 210.02M | -2.47B | -2.56B | 1.82B | 2.08B | 1.60B | 1.26B |
| Capital Expenditures | -3.26B | -1.21B | -2.75B | -1.78B | -752.84M | -946.54M | -1.64B | -1.57B | -1.37B | -1.09B |
| Investing Cash Flow | -3.26B | -1.23B | -2.90B | -1.76B | -1.00B | -975.36M | -1.68B | -1.50B | -1.40B | -1.13B |
| Share Repurchases | — | — | — | — | — | — | -349.86M | -664.81M | — | -50.00M |
| Debt Issued | 9.74B | 1.30B | 4.32B | 3.00B | 2.60B | 6.08B | 4.12B | 1.90B | 1.82B | 3.75B |
| Debt Repaid | -8.17B | -2.17B | -3.76B | -1.77B | -2.11B | -892.48M | -3.81B | -1.72B | -1.92B | -3.74B |
| Financing Cash Flow | 1.19B | -1.03B | 346.86M | 986.22M | 1.68B | 6.58B | -53.39M | -584.80M | -148.51M | -122.76M |
| Net Change in Cash | 19.13M | -211.65M | -544.57M | -559.66M | -1.79B | 3.05B | 89.03M | -12.34M | 47.84M | 12.41M |
| Free Cash Flow | -1.17B | 838.87M | -744.65M | -1.57B | -3.22B | -3.50B | 185.44M | 508.38M | 229.03M | 172.00M |
This table shows 10 annual periods of Norwegian Cruise Line's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NCLH's reporting calendar. What is a cash flow statement?