CARNIVAL CORP (CCL) [Rocket]

In millions, except per share items	Nov-30-22	Nov-30-21	Nov-30-20	Nov-30-19	Nov-30-18	Nov-30-17	Nov-30-16	Nov-30-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
NAA	8,281	1,108	3,627	13,612	12,236	11,442	10,563
EA	3,531	712	1,790	6,650	6,243	5,703	5,464
Tour & Other	185	46	110	390	272	236	231	226
Other	72	14	180	373	327	297	302	310
Other	99	28						15,178
Total revenues [+]	12,168	1,908	5,595	20,825	18,881	17,510	16,389	15,714
Passenger								11,601
Other								226
Revenue growth [+]	537.7%	-65.9%	-73.1%	10.3%	7.8%	6.8%	4.3%	-1.1%
NAA	647.4%	-69.5%	-73.4%	11.2%	6.9%	8.3%
EA	395.9%	-60.2%	-73.1%	6.5%	9.5%	4.4%
Tour & Other	302.2%	-58.2%	-71.8%	43.4%	15.3%	2.2%	2.2%	5.1%
Other	414.3%	-92.2%	-51.7%	14.1%	10.1%	-1.7%	-2.6%	-11.2%
Cruise Support	307.1%	-38.2%	-60.7%	34.1%	0.0%	-1.5%	10.1%	32.2%
Cost of goods sold [+]	5,201	2,176	3,016	12,909	11,089	10,501	9,383	9,447
Food and beverage costs	863	187	413					981
Labor costs								1,859
Sales commissions and fees	2,181	1,309	1,780
Other cost of sales								155
Fuel costs	2,157	680	823					1,249
Other direct costs								2,516
Gross profit	6,967	-268	2,579	7,916	7,792	7,009	7,006	6,267
Gross margin	57.3%	-14.0%	46.1%	38.0%	41.3%	40.0%	42.7%	39.9%
Selling, general and administrative	2,515	1,885	1,878	2,480	2,450	2,265	2,197	2,067
Other operating expenses	6,556	2,477	5,229
EBITDA [+]	-2,104	-4,630	-4,528	5,436	5,342	4,744	4,809	4,200
EBITDA growth	-54.6%	2.3%	-183.3%	1.8%	12.6%	-1.4%	14.5%	23.2%
EBITDA margin	-17.3%	-242.7%	-80.9%	26.1%	28.3%	27.1%	29.3%	26.7%
Depreciation and amortization	2,275	2,233	2,241	2,160	2,017	1,846	1,738	1,626
EBIT [+]	-4,379	-6,863	-6,769	3,276	3,325	2,898	3,071	2,574
EBIT growth	-36.2%	1.4%	-306.6%	-1.5%	14.7%	-5.6%	19.3%	45.3%
EBIT margin	-36.0%	-359.7%	-121.0%	15.7%	17.6%	16.6%	18.7%	16.4%
Non-recurring items [+]		226	2,096			89
Asset impairment		226	2,096			89
Interest expense, net [+]	1,535	1,589	877	183	180	189	217	209
Interest expense	1,609	1,601	895	206	194	198	223	217
Interest income	74	12	18	23	14	9	6	8
Other income (expense), net [+]	-166	-844	-511	-33	62	46	-26	-566
Gain (loss) on derivative instruments					59	35	-47	-576
Other	-165	-173	-52	-32	3	11	21	10
Pre-tax income	-6,080	-9,522	-10,253	3,060	3,207	2,666	2,828	1,799
Income taxes	-14	-21	-17	-71	-54	60	49	42
Tax rate	0.2%	0.2%	0.2%			2.3%	1.7%	2.3%
Net income	-6,093	-9,501	-10,236	2,990	3,152	2,606	2,779	1,757
Net margin	-50.1%	-498.0%	-182.9%	14.4%	16.7%	14.9%	17.0%	11.2%

Basic EPS [+]	($5.16)	($8.46)	($13.21)	$4.33	$4.45	$3.61	$3.73	$2.26
Growth	-39.0%	-35.9%	-404.8%	-2.5%	23.2%	-3.2%	65.0%	44.3%
Diluted EPS [+]	($5.16)	($8.46)	($13.21)	$4.32	$4.44	$3.59	$3.72	$2.26
Growth	-39.0%	-35.9%	-405.7%	-2.7%	23.5%	-3.4%	64.9%	44.3%

Dividends per share [+]			$0.89	$2.01	$1.91	$1.51	$1.35	$1.10
Growth		-100.0%	-55.8%	5.2%	26.9%	11.5%	22.7%	10.0%

Shares outstanding (basic) [+]	1,180	1,123	775	690	709	722	745	777
Growth	5.1%	44.9%	12.3%	-2.7%	-1.8%	-3.1%	-4.1%	0.1%
Shares outstanding (diluted) [+]	1,180	1,123	775	692	710	725	747	779
Growth	5.1%	44.9%	12.0%	-2.5%	-2.1%	-2.9%	-4.1%	0.1%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.