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Segment Information
 12 Months Ended
Nov. 30, 2011
Segment Information

NOTE 11 – Segment Information

We have three reportable cruise segments that are comprised of our (1) North America cruise brands, (2) EAA cruise brands and (3) Cruise Support. In addition, we have a Tour and Other segment.

Our North America cruise segment includes Carnival Cruise Lines, Holland America Line, Princess and Seabourn. Our EAA cruise segment includes AIDA, Costa, Cunard, Ibero, P&O Cruises (Australia) and P&O Cruises (UK). These individual cruise brand operating segments have been aggregated into two reportable segments based on the similarity of their economic and other characteristics, including types of customers, regulatory environment, maintenance requirements, supporting systems and processes and products and services they provide. Our Cruise Support segment represents certain of our port and related facilities and other corporate-wide services that are provided for the benefit of our cruise brands. Our Tour and Other segment represents the hotel, tour and transportation operations of Holland America Princess Alaska Tours and our two owned ships that we charter to an unaffiliated entity. The significant accounting policies of our segments are the same as those described in Note 2 – “Summary of Significant Accounting Policies.”

Selected information for our Cruise and Tour and Other segments as of and for the years ended November 30 was as follows (in millions):

 

     Revenues     Operating
expenses		     Selling
and
administrative		      Depreciation
and
amortization		      Operating
income
(loss)		     Capital
expenditures		      Total
assets		  

2011

                                              

North America Cruise Brands

    $ 8,921      $ 5,848      $ 938       $ 869       $ 1,266      $ 1,232       $ 21,642   

EAA Cruise Brands

      6,504        4,244        655         579         1,026        1,380         15,626   

Cruise Support

      90        3        103         31         (47 )      68         795   

Tour and Other

      392        318        21         43         10        16         574 (b) 

Intersegment elimination (a)

      (114 )      (114 )      -         -         -        -         -   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  
   $ 15,793      $ 10,299      $ 1,717       $ 1,522       $ 2,255      $ 2,696       $ 38,637   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

2010

                                              

North America Cruise Brands

    $ 8,379      $ 5,294      $ 902       $ 843       $ 1,340      $ 1,082       $ 21,239   

EAA Cruise Brands

      5,730        3,572        584         505         1,069        2,260         14,849   

Cruise Support

      79        14        98         27         (60 )      218         802   

Tour and Other

      403        334        30         41         (2 )      19         600 (b) 

Intersegment elimination (a)

      (122 )      (122 )      -         -         -        -         -   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  
   $ 14,469      $ 9,092      $ 1,614       $ 1,416       $ 2,347      $ 3,579       $ 37,490   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

2009

                                              

North America Cruise Brands

    $ 7,815      $ 4,944      $ 896       $ 791       $ 1,184      $ 1,474       $ 21,073   

EAA Cruise Brands

      5,280        3,215        573         458         1,034        1,823         14,659   

Cruise Support

      78        12        89         25         (48 )      58         593   

Tour and Other

      427        376        32         35         (16 )      25         510 (b) 

Intersegment elimination (a)

      (140 )      (140 )      -         -         -        -         -   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  
   $ 13,460      $ 8,407      $ 1,590       $ 1,309       $ 2,154      $ 3,380       $ 36,835   
  

 

 

    

 

 

    

 

 

     

 

 

     

 

 

    

 

 

     

 

 

  

 

(a) A portion of Tour and Other segment revenues include revenues for the cruise portion of a tour, when a cruise is sold along with a land tour package by Holland America Princess Alaska Tours, and shore excursion and port hospitality services provided to cruise guests by this tour company. These intersegment revenues, which are included in full in the cruise brand segments, are eliminated directly against the Tour and Other segment revenues and operating expenses in the line “Intersegment elimination.”

 

(b) Tour and Other segment assets primarily include hotels and lodges in the state of Alaska and the Canadian Yukon, motorcoaches used for sightseeing and charters, domed rail cars, which run on the Alaska Railroad, and our owned ships under long-term charter to an unaffiliated entity.

 

Non-U.S. revenues for our cruise brands represent sales generated from outside the U.S. primarily by non-U.S. tour operators and non-U.S. travel agencies. Substantially all of our long-lived assets are located outside of the U.S. and consist principally of our ships and ships under construction.

Revenues by geographic areas, which are based on where our guests are sourced and not the cruise brands on which they sailed, were as follows (in millions):

 

     Years Ended November 30,  
     2011      2010      2009  

North America

    $ 7,835       $ 7,467       $ 7,085   

Europe

      5,961         5,574         5,190   

Australia and Asia

      1,528         1,063         790   

Others

      469         365         395   
  

 

 

     

 

 

     

 

 

  
   $ 15,793       $ 14,469       $ 13,460