VIK FY 2022 Earnings Report — Viking Holdings Ltd Revenue & Financial Results | Market Cap Arena

Viking Holdings LtdVIK

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.2B	—	$625M	—	408.1%
Op. Income	$63M	—	-$754M	—	108.4%
Gross Margin	23.5%	—	-46.6%	—	70.2pp
Net Margin	12.5%	—	-337.9%	—	350.4pp
EPS (Diluted)	$0.92	—	$-4.90	—	118.8%
Free Cash Flow	-$970M	—	-$600M	—	-61.8%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$747M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$684M
Other Expenses	$0
Operating Expenses	$684M
Cost & Expenses	$3.1B
OPERATING INCOME	$63M
Interest Income	$14M
Interest Expense	$457M
Other Income/Expenses	$344M
INCOME BEFORE TAX	$407M
Income Tax Expense	$9M
Net Income from Continuing Ops	$399M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$399M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$399M
D&A	$277M
EBIT	$864M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.4B
GROSS PROFIT	$747M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$684M
Other Expenses	$0
Operating Expenses	$684M
Cost & Expenses	$3.1B
OPERATING INCOME	$63M
Interest Income	$14M
Interest Expense	$457M
Other Income/Expenses	$344M
INCOME BEFORE TAX	$407M
Income Tax Expense	$9M
Net Income from Continuing Ops	$399M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$399M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$399M
D&A	$277M
EBIT	$864M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$399M
Depreciation & Amortization	$277M
Stock-Based Compensation	$25M
Deferred Income Tax	$0
Other Non-Cash Items	-$165M
Change in Working Capital	$40M
OPERATING CASH FLOW	-$15M
Capital Expenditure	-$955M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$100M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$856M
Net Debt Issuance	$424M
Common Stock Repurchased	$0
Common Dividends Paid	-$46M
Other Financing Activities	-$460M
NET CASH FROM FINANCING	$322M
FREE CASH FLOW	-$970M
Net Change in Cash	-$560M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$945.0K
Net Receivables	$578M
Inventory	$45M
Other Current Assets	$287M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$5.5B
Goodwill	$8M
Intangible Assets	$58M
Long-Term Investments	$6M
Tax Assets	$16M
Other Non-Current Assets	$138M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$7.9B
Account Payables	$195M
Short-Term Debt	$252M
Deferred Revenue	$3.3B
Other Current Liabilities	$127M
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$4.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$2.1B
TOTAL NON-CURRENT LIABILITIES	$7.3B
TOTAL LIABILITIES	$11.4B
Common Stock	$2M
Additional Paid-In Capital	-$45M
Retained Earnings	-$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$140M
TOTAL STOCKHOLDERS' EQUITY	-$3.5B
Minority Interest	$3M
TOTAL EQUITY	-$3.5B
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$5.5B
Net Debt	$4.2B