Carnival (CCL) 10-K Summary — Year Ended Nov 30, 2024
Carnival Corporation filed its annual 10-K report for the fiscal year ended November 30, 2024. The report describes the company's global cruise business, financial performance, and risk factors.
Key takeaway
Year ended Nov 30, 2024 · FY2025 10-K
Carnival Corporation filed its annual 10-K report for the fiscal year ended November 30, 2024. The report describes the company's global cruise business, financial performance, and risk factors.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25B
Revenue reported for the fiscal year.
Operating income
$3.6B
Income from operations reported for the year.
Net income
$1.9B
Net income reported for the year.
Operating cash flow
$5.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2021 | $1.9B | n/a |
| Nov 30, 2022 | $12.2B | +537.7% |
| Nov 30, 2023 | $21.6B | +77.5% |
| Nov 30, 2024 | $25B | +15.9% |
Business overview
Carnival Corporation operates a global cruise business with multiple brands, offering voyages to various destinations. The company's fleet includes ships under construction, and it serves passengers from different geographic regions. Its business is subject to seasonality and competition from other cruise lines.
Financial performance
Revenue for the year increased compared to the prior period. Operating income, net income, and operating cash flow were all reported as positive figures.
Material risks
The filing includes a section on risk factors, but the specific risk descriptions are not provided in the supplied data. Therefore, no material risks can be identified from this summary.
Liquidity and capital
The management discussion covers financial condition and liquidity, but no specific capital allocation themes are available from the supplied data.
What to watch
Monitor the company's revenue growth trend in the next filing.