EXHIBIT 99.1
CARNIVAL CORPORATION
SUMMARY DATA
THREE MONTHS ENDED TWELVE MONTHS ENDED
NOV. 30, NOV. 30,
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2000 1999 2000 1999
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(in thousands, except earnings per share) (in thousands, except earnings per share)
STATEMENTS OF OPERATIONS
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Revenues $ 850,326 $ 791,242 $ 3,778,542 $ 3,497,470
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Costs and Expenses:
Operating Expenses 481,057 441,694 2,058,342 1,862,636
Selling and Administrative 126,368 121,032 487,403 447,235
Depreciation and Amortization 76,527 63,759 287,667 243,658
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Total Costs and Expenses 683,952 626,485 2,833,412 2,553,529
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Operating Income Before Income From
Affiliated Operations 166,374 164,757 945,130 943,941
Income From Affiliated Operations, Net 42,189(1) 72,081 37,828 75,758
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Operating Income 208,563 236,838 982,958 1,019,699
Nonoperating Income (Expense):
Interest Income 2,455 11,790 16,506 41,932
Interest Expense, Net (16,174) (8,775) (41,372) (46,956)
Other (Expense) Income, Net (3,781)(2)(3) 11,371(3) 8,460 29,357
Income Tax Benefit (Expense) 2,732 2,839 (1,094) (2,778)
Minority Interest (3,019) (14,014)
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Total Nonoperating Income (Expense) (14,768) 14,206 (17,500) 7,541
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NET INCOME $ 193,795(4) $ 251,044 $ 965,458 $ 1,027,240
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EARNINGS PER SHARE:
Basic $ 0.33(4) $ 0.41 $ 1.61 $ 1.68
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Diluted $ 0.33(4) $ 0.40 $ 1.60 $ 1.66
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SELECTED STATISTICAL INFORMATION
Weighted Average Shares Outstanding - Basic 584,474 614,321 599,665 612,484
Weighted Average Shares Outstanding - Diluted 586,350 617,550 601,912 616,000
Passengers Carried 674 618 2,669 2,366
Passenger Cruise Days 4,217 3,832 16,750 14,947
Occupancy Percentage 103.4% 103.6% 105.4% 104.3%
SELECTED SEGMENT INFORMATION
Revenues:
Cruise $ 831,857 $ 770,077 $ 3,578,372 $ 3,286,701
Tour 22,643 25,418 259,662 271,828
Intersegment Revenues (4,174) (4,253) (59,492) (61,059)
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$ 850,326 $ 791,242 $ 3,778,542 $ 3,497,470
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Operating Expenses:
Cruise $ 465,495 $ 425,288 $ 1,910,371 $ 1,709,217
Tour 19,736 20,659 207,463 214,478
Intersegment Expenses (4,174) (4,253) (59,492) (61,059)
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$ 481,057 $ 441,694 $ 2,058,342 $ 1,862,636
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Operating Income (Loss):
Cruise $ 187,208 174,149 961,806 947,452
Tour (6,967) (5,263) 7,664 10,403
Affiliate Operations 42,189 72,081 37,828 75,758
Corporate (13,867) (4,129) (24,340) (13,914)
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$ 208,563 $ 236,838 $ 982,958 $ 1,019,699
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(1) INCLUDES NONRECURRING SPECIAL CHARGES TOTALING $15 MILLION CONSISTING OF A
$42 MILLION CHARGE FOR THE COMPANY'S EQUITY INTEREST IN RESTRUCTURING AND
OTHER NONRECURRING CHARGES RECORDED BY AIRTOURS PLC, PARTIALLY OFFSET BY A
$27 MILLION DEFERRED INCOME TAX BENEFIT RESULTING FROM COSTA CROCIERE'S
CHANGE IN TAX STATUS
UPON REGISTRATION OF ITS SHIPS WITHIN THE ITALIAN INTERNATIONAL SHIP
REGISTRY.
(2) INCLUDES NONRECURRING SPECIAL CHARGES TOTALING $9 MILLION CONSISTING OF A
$21 MILLION LITIGATION-RELATED CHARGE, PARTIALLY OFFSET BY A $12 MILLION
GAIN ON A FORWARD FOREIGN CURRENCY CONTRACT PURCHASED TO HEDGE THE
ACQUISITION PRICE OF COSTA.
(3) OTHER INCOME INCLUDES APPROXIMATELY $7 MILLION IN 2000 AND $10 MILLION IN
1999 OF NET COMPENSATION RECEIVED FROM A SHIPYARD FOR DELAY PAYMENTS.
(4) INCLUDES NONRECURRING SPECIAL CHARGES TOTALING $24 MILLION, OR $.04 PER
SHARE, AS DESCRIBED IN 1 AND 2 ABOVE.