| | |
Per Share
|
| |
Total
|
| ||||||
Public offering price
|
| | | $ | 9.95 | | | | | $ | 1,016,289,228.95 | | |
承保折扣和佣金(1)
|
| | | $ | 0.15948 | | | | | $ | 16,289,226.76 | | |
未扣除费用的收益给我们
|
| | | $ | 9.79052 | | | | | $ | 1,000,000,002.19 | | |
| | |
Page
|
| |||
关于本招股说明书副刊
|
| | | | S-ii | | |
前瞻性陈述
|
| | | | S-iv | | |
引用注册成立
|
| | | | S-vi | | |
Summary
|
| | | | S-1 | | |
Risk Factors
|
| | | | S-10 | | |
Use of Proceeds
|
| | | | S-16 | | |
Capitalization
|
| | | | S-17 | | |
重要的美国联邦所得税、英国和巴拿马的税收后果
|
| | | | S-20 | | |
Underwriting
|
| | | | S-26 | | |
Legal Matters
|
| | | | S-32 | | |
Experts
|
| | | | S-32 | | |
|
ABOUT THIS PROSPECTUS
|
| | | | ii | | |
|
您可以在哪里找到更多信息
|
| | | | ii | | |
|
引用合并
|
| | | | ii | | |
|
THE COMPANIES
|
| | | | 1 | | |
|
RISK FACTORS
|
| | | | 2 | | |
|
前瞻性陈述
|
| | | | 3 | | |
|
USE OF PROCEEDS
|
| | | | 5 | | |
|
嘉年华公司债务证券介绍
|
| | | | 6 | | |
|
嘉年华公司债务证券介绍
|
| | | | 18 | | |
|
认股权证说明
|
| | | | 30 | | |
|
股本说明
|
| | | | 33 | | |
|
信任共享说明
|
| | | | 48 | | |
|
采购合同说明
|
| | | | 50 | | |
|
DESCRIPTION OF UNITS
|
| | | | 51 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 52 | | |
|
LEGAL MATTERS
|
| | | | 52 | | |
|
EXPERTS
|
| | | | 52 | | |
|
•
Pricing
•
Booking levels
•
Occupancy
•
利息、税费和燃料费
•
货币汇率
•
船舶折旧寿命和剩余价值的估算
|
| |
•
商誉、发货和商标公允价值
•
流动性和信用评级
•
调整后每股收益
•
返回客轮运营
•
新冠肺炎冠状病毒全球大流行对我们财务状况和经营业绩的影响
|
|
(in millions)
|
| |
3Q 2022
|
| |
4Q 2022
|
| |
2023
|
| |
2024(1)
|
| |
2025
|
| |
2026
|
| |
Thereafter
|
| |||||||||||||||||||||
未偿债务本金支付
|
| | | $ | 397.3 | | | | | $ | 943.1 | | | | | $ | 2,836.6 | | | | | $ | 4,704.7 | | | | | $ | 4,414.8 | | | | | $ | 4,512.1 | | | | | $ | 18,116.4 | | |
| | |
Year Ended November 30,
|
| |
Six Months Ended
May 31, |
| ||||||||||||||||||||||||
(in millions)
|
| |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||
运营结果数据: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Revenues | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Passenger ticket
|
| | | $ | 14,104 | | | | | $ | 3,684 | | | | | $ | 1,000 | | | | | $ | 23 | | | | | $ | 2,158 | | |
Onboard and other(1)(2)
|
| | | | 6,721 | | | | | | 1,910 | | | | | | 908 | | | | | | 52 | | | | | | 1,866 | | |
| | | | | 20,825 | | | | | | 5,595 | | | | | | 1,908 | | | | | | 75 | | | | | | 4,024 | | |
运营成本和费用 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
佣金、运输费和其他费用
|
| | | | 2,720 | | | | | | 1,139 | | | | | | 269 | | | | | | 37 | | | | | | 576 | | |
Onboard and other(1)
|
| | | | 2,101 | | | | | | 605 | | | | | | 272 | | | | | | 22 | | | | | | 523 | | |
Payroll and related
|
| | | | 2,249 | | | | | | 1,780 | | | | | | 1,309 | | | | | | 460 | | | | | | 1,038 | | |
Fuel
|
| | | | 1,562 | | | | | | 823 | | | | | | 680 | | | | | | 216 | | | | | | 910 | | |
Food
|
| | | | 1,083 | | | | | | 413 | | | | | | 187 | | | | | | 28 | | | | | | 327 | | |
Ship and other impairments
|
| | | | 26 | | | | | | 1,967 | | | | | | 591 | | | | | | 49 | | | | | | 8 | | |
Other operating(2)
|
| | | | 3,167 | | | | | | 1,518 | | | | | | 1,346 | | | | | | 404 | | | | | | 1,331 | | |
| | | | | 12,909 | | | | | | 8,245 | | | | | | 4,655 | | | | | | 1,216 | | | | | | 4,713 | | |
销售和管理
|
| | | | 2,480 | | | | | | 1,878 | | | | | | 1,885 | | | | | | 879 | | | | | | 1,149 | | |
折旧及摊销
|
| | | | 2,160 | | | | | | 2,241 | | | | | | 2,233 | | | | | | 1,119 | | | | | | 1,126 | | |
Goodwill impairments
|
| | | | — | | | | | | 2,096 | | | | | | 226 | | | | | | — | | | | | | — | | |
| | | | | 17,549 | | | | | | 14,460 | | | | | | 8,997 | | | | | | 3,214 | | | | | | 6,988 | | |
Operating Income (Loss)
|
| | | | 3,276 | | | | | | (8,865) | | | | | | (7,089) | | | | | | (3,139) | | | | | | (2,964) | | |
营业外收入(费用): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest income
|
| | | | 23 | | | | | | 18 | | | | | | 12 | | | | | | 7 | | | | | | 9 | | |
扣除资本化利息后的利息支出
|
| | | | (206) | | | | | | (895) | | | | | | (1,601) | | | | | | (835) | | | | | | (738) | | |
债务清偿收益(亏损)净额
|
| | | | — | | | | | | (459) | | | | | | (670) | | | | | | 4 | | | | | | — | | |
Other income (expense), net
|
| | | | (32) | | | | | | (52) | | | | | | (173) | | | | | | (75) | | | | | | (26) | | |
| | | | | (215) | | | | | | (1,388) | | | | | | (2,433) | | | | | | (900) | | | | | | (755) | | |
所得税前收入(亏损)
|
| | | | 3,060 | | | | | | (10,253) | | | | | | (9,522) | | | | | | (4,039) | | | | | | (3,719) | | |
所得税优惠(费用),净额
|
| | | | (71) | | | | | | 17 | | | | | | 21 | | | | | | (6) | | | | | | (6) | | |
Net Income (Loss)
|
| | | $ | 2,990 | | | | | $ | (10,236) | | | | | $ | (9,501) | | | | | $ | (4,045) | | | | | $ | (3,726) | | |
| | |
Year Ended November 30,
|
| |
Six Months Ended
May 31, |
| ||||||||||||||||||||||||
(单位为百万,不包括每个ALBD的成本)
|
| |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||
Other Financial Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adjusted net income (loss)(3)
|
| | | $ | 3,041 | | | | | $ | (5,793) | | | | | $ | (7,931) | | | | | $ | (3,990) | | | | | $ | (3,752) | | |
Adjusted EBITDA(3)
|
| | | $ | 5,455 | | | | | $ | (2,692) | | | | | $ | (4,129) | | | | | $ | (2,037) | | | | | $ | (1,891) | | |
每ALBD调整后的邮轮成本(4)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 156.42 | | |
调整后的巡航成本(不包括每ALBD的燃料)(4)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 126.09 | | |
| | |
As of November 30,
|
| |
As of May 31,
2022 |
| ||||||||||||||||||
(in millions)
|
| |
2019
|
| |
2020
|
| |
2021
|
| |||||||||||||||
Balance Sheet Data:
|
| |
Actual
|
| |
Actual
|
| |
Actual
|
| |
Actual
|
| ||||||||||||
Cash and cash equivalents
|
| | | $ | 518 | | | | | $ | 9,513 | | | | | $ | 8,939 | | | | | $ | 7,054 | | |
Short-term investments
|
| | | | — | | | | | | — | | | | | | 200 | | | | | | 151 | | |
Total current assets
|
| | | | 2,059 | | | | | | 10,563 | | | | | | 10,133 | | | | | | 8,554 | | |
Total non-current assets
|
| | | | 42,999 | | | | | | 43,030 | | | | | | 43,211 | | | | | | 44,434 | | |
Total assets
|
| | | $ | 45,058 | | | | | $ | 53,593 | | | | | $ | 53,344 | | | | | $ | 52,988 | | |
Total current liabilities
|
| | | $ | 9,127 | | | | | $ | 8,686 | | | | | $ | 10,408 | | | | | $ | 13,380 | | |
长期负债总额
|
| | | | 10,566 | | | | | | 24,352 | | | | | | 30,791 | | | | | | 31,348 | | |
Total Liabilities
|
| | | $ | 19,693 | | | | | $ | 33,038 | | | | | $ | 41,199 | | | | | $ | 44,728 | | |
| | |
Year Ended November 30,
|
| |
Six Months Ended
May 31, |
| ||||||||||||||||||||||||
(in millions)
|
| |
2019
|
| |
2020
|
| |
2021
|
| |
2021
|
| |
2022
|
| |||||||||||||||
Net Income (Loss)
|
| | | $ | 2,990 | | | | | $ | (10,236) | | | | | $ | (9,501) | | | | | $ | (4,045) | | | | | $ | (3,726) | | |
(Gains) losses on ship sales and
impairments |
| | | | (6) | | | | | | 3,934 | | | | | | 802 | | | | | | 39 | | | | | | 1 | | |
(收益)债务清偿损失,净额
|
| | | | — | | | | | | 459 | | | | | | 670 | | | | | | (4) | | | | | | — | | |
Restructuring expenses
|
| | | | 10 | | | | | | 47 | | | | | | 13 | | | | | | 3 | | | | | | 1 | | |
Other
|
| | | | 47 | | | | | | 3 | | | | | | 86 | | | | | | 17 | | | | | | (29) | | |
Adjusted net income (loss)
|
| | | $ | 3,041 | | | | | $ | (5,793) | | | | | $ | (7,931) | | | | | $ | (3,990) | | | | | $ | (3,752) | | |
扣除资本化利息后的利息支出
|
| | | | 206 | | | | | | 895 | | | | | | 1,601 | | | | | | 835 | | | | | | 738 | | |
Interest income
|
| | | | (23) | | | | | | (18) | | | | | | (12) | | | | | | (7) | | | | | | (9) | | |
Income tax expense, net
|
| | | | 71 | | | | | | (17) | | | | | | (21) | | | | | | 6 | | | | | | 6 | | |
折旧及摊销
|
| | | | 2,160 | | | | | | 2,241 | | | | | | 2,233 | | | | | | 1,119 | | | | | | 1,126 | | |
Adjusted EBITDA
|
| | | $ | 5,455 | | | | | $ | (2,692) | | | | | $ | (4,129) | | | | | $ | (2,037) | | | | | $ | (1,891) | | |
(单位为百万,不包括每个ALBD的成本)
|
| |
Six Months Ended
May 31, 2019 |
| |
Six Months Ended
May 31, 2022 |
| ||||||
运营成本和费用
|
| | | $ | 6,301 | | | | | $ | 4,713 | | |
销售和管理费用
|
| | | | 1,250 | | | | | | 1,149 | | |
Tour and other expenses
|
| | | $ | (103) | | | | | $ | (69) | | |
Cruise costs
|
| | | $ | 7,448 | | | | | $ | 5,793 | | |
Less | | | | | | | | | | | | | |
佣金、运输费和其他费用
|
| | | | (1,322) | | | | | | (576) | | |
Onboard and other
|
| | | | (952) | | | | | | (523) | | |
船舶销售损益
|
| | | | 14 | | | | | | (1) | | |
Restructuring expenses
|
| | | | — | | | | | | (1) | | |
Other
|
| | | | (20) | | | | | | — | | |
Adjusted cruise costs
|
| | | $ | 5,168 | | | | | $ | 4,691 | | |
Less fuel
|
| | | | (804) | | | | | | (910) | | |
调整后的邮轮成本(不包括燃料)
|
| | | $ | 4,364 | | | | | $ | 3,781 | | |
ALBDs (in thousands)
|
| | | | 42,944 | | | | | | 29,989 | | |
Cruise costs per ALBD
|
| | | $ | 173.44 | | | | | $ | 193.17 | | |
每ALBD调整后的邮轮成本
|
| | | $ | 120.34 | | | | | $ | 156.42 | | |
调整后的邮轮成本,不包括每个ALBD的燃料
|
| | | $ | 101.63 | | | | | $ | 126.09 | | |
| | |
As of May 31, 2022
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
(除面值外的所有股票和美元金额,以百万为单位)
|
| | | | | | | | | | | | |
现金和现金等价物(A)
|
| | | $ | 7,054 | | | | | $ | 8,054 | | |
Short-term investments
|
| | | | 151 | | | | | | 151 | | |
短期借款: | | | | | | | | | | | | | |
Revolving Facility(b)
|
| | | | 2,675 | | | | | | 2,675 | | |
长期债务的当期部分(C)(D)
|
| | | | 3,225 | | | | | | 3,225 | | |
Total short-term debt
|
| | | $ | 5,900 | | | | | $ | 5,900 | | |
Long-term borrowings: | | | | | | | | | | | | | |
Unsecured:
|
| | | | | | | | | | | | |
出口信贷安排
|
| | | $ | 9,561 | | | | | $ | 9,561 | | |
Loans
|
| | | | 1,278 | | | | | | 1,278 | | |
2026 Unsecured Notes
|
| | | | 1,986 | | | | | | 1,986 | | |
2027 Unsecured Notes
|
| | | | 3,500 | | | | | | 3,500 | | |
2029 Unsecured Notes
|
| | | | 2,000 | | | | | | 2,000 | | |
2030 Unsecured Notes
|
| | | | 1,000 | | | | | | 1,000 | | |
Other Unsecured Notes
|
| | | | 969 | | | | | | 969 | | |
Unsecured long-term debt
|
| | | $ | 20,294 | | | | | $ | 20,294 | | |
Secured:
|
| | | | | | | | | | | | |
2027 First Lien Notes(e)
|
| | | | 192 | | | | | | 192 | | |
2028 First Lien Notes(e)
|
| | | | 2,406 | | | | | | 2,406 | | |
担保定期贷款工具(F)
|
| | | | 4,915 | | | | | | 4,915 | | |
EIB融资的长期部分
|
| | | | 88 | | | | | | 88 | | |
Second Lien Notes(g)
|
| | | | 2,131 | | | | | | 2,131 | | |
Secured long-term debt
|
| | | $ | 9,731 | | | | | $ | 9,731 | | |
长期借款总额(不包括未摊销债务发行成本和贴现)
|
| | | $ | 30,025 | | | | | $ | 30,025 | | |
借款总额(不包括未摊销债务发行成本和折扣)
|
| | | $ | 35,925 | | | | | $ | 35,925 | | |
嘉年华公司普通股,面值0.01美元;授权1,960股;于2022年5月31日实际发行1,125股;已发行1,227股,经调整后(H)
|
| | | | 11 | | | | | | 12 | | |
嘉年华公司普通股,面值1.66美元;已发行217股
|
| | | | 361 | | | | | | 361 | | |
新增实收资本
|
| | | | 15,457 | | | | | | 16,456 | | |
Retained earnings
|
| | | | 2,649 | | | | | | 2,649 | | |
累计其他综合损失
|
| | | | (1,742) | | | | | | (1,742) | | |
库存股、嘉年华公司130股、嘉年华71股
plc, at cost |
| | | | (8,476) | | | | | | (8,476) | | |
股东权益合计
|
| | | $ | 8,260 | | | | | $ | 9,260 | | |
Total capitalization
|
| | | $ | 44,185 | | | | | $ | 45,185 | | |
| | |
Without
option exercise |
| |
With full
option exercise |
| ||||||
Per Share
|
| | | $ | 0.15948 | | | | | $ | 0.15948 | | |
Total
|
| | | $ | 16,289,226.76 | | | | | $ | 18,732,610.75 | | |
|
ABOUT THIS PROSPECTUS
|
| | | | ii | | |
|
您可以在哪里找到更多信息
|
| | | | ii | | |
|
引用合并
|
| | | | ii | | |
|
THE COMPANIES
|
| | | | 1 | | |
|
RISK FACTORS
|
| | | | 2 | | |
|
前瞻性陈述
|
| | | | 3 | | |
|
USE OF PROCEEDS
|
| | | | 5 | | |
|
嘉年华公司债务证券介绍
|
| | | | 6 | | |
|
嘉年华公司债务证券介绍
|
| | | | 18 | | |
|
认股权证说明
|
| | | | 30 | | |
|
股本说明
|
| | | | 33 | | |
|
信任共享说明
|
| | | | 48 | | |
|
采购合同说明
|
| | | | 50 | | |
|
DESCRIPTION OF UNITS
|
| | | | 51 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 52 | | |
|
LEGAL MATTERS
|
| | | | 52 | | |
|
EXPERTS
|
| | | | 52 | | |