Royal Caribbean Cruises Ltd. (RCL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1050 CARIBBEAN WAY MIAMI, FL 33132 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 44 - Water Transportation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,935 | 2,702 | 3,684 | 244 | 288 | 120 | |||
| Cash and cash equivalents | 1,935 | 2,702 | 3,684 | 244 | 288 | 120 | |||
| Receivables | 531 | 408 | 284 | 306 | 325 | 319 | |||
| Inventory, net of allowances, customer advances and progress billings | 224 | 150 | 119 | 162 | 154 | 111 | |||
| Inventory | 224 | 150 | 119 | 162 | 154 | 111 | |||
| Derivative instruments and hedges, assets | 59 | 54 | 70 | 22 | 20 | ||||
| Other undisclosed current assets | 456 | 286 | 154 | 429 | 457 | 293 | |||
| Total current assets: | 3,205 | 3,600 | 4,312 | 1,163 | 1,242 | 843 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 538 | 542 | 600 | 688 | ✕ | ✕ | |||
| Property, plant and equipment | 25,247 | 25,467 | 23,466 | 19,735 | |||||
| Intangible assets, net (including goodwill) | 809 | 809 | 809 | 1,386 | 1,378 | 289 | |||
| Goodwill | 809 | 809 | 809 | 1,386 | 1,378 | 289 | |||
| Regulated entity, other noncurrent assets | |||||||||
| Other noncurrent assets | 1,678 | 1,399 | 1,497 | 1,618 | 1,612 | 1,430 | |||
| Other undisclosed noncurrent assets | 27,546 | 25,908 | |||||||
| Total noncurrent assets: | 30,571 | 28,658 | 28,153 | 29,158 | 26,456 | 21,453 | |||
| TOTAL ASSETS: | 33,776 | 32,258 | 32,465 | 30,320 | 27,698 | 22,296 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,718 | 1,686 | 1,222 | 1,712 | 1,463 | 1,311 | |||
| Interest and dividends payable | ✕ | ✕ | 252 | 253 | 70 | 75 | 47 | ||
| Accounts payable | 647 | 546 | 353 | 564 | 488 | 360 | |||
| Accrued liabilities | 1,071 | 888 | 616 | 1,078 | 900 | 903 | |||
| Deferred revenue | 4,168 | 3,161 | 1,785 | 3,428 | ✕ | ✕ | |||
| Debt | 2,088 | 2,243 | 1,371 | 2,621 | 2,422 | 1,189 | |||
| Derivative instruments and hedges, liabilities | 131 | ||||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,244 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 3,149 | ✕ | ||
| Other undisclosed current liabilities | 469 | 196 | 159 | 192 | 78 | 47 | |||
| Total current liabilities: | 8,573 | 7,286 | 4,537 | 7,953 | 7,112 | 4,790 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 21,303 | 18,847 | 17,958 | 8,414 | 8,355 | 6,351 | |||
| Finance lease, liability | 317 | 421 | 162 | 197 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 20,986 | 17,892 | 17,233 | 7,616 | 8,355 | 6,351 | |||
| Liabilities, other than long-term debt | 1,031 | 505 | 646 | 618 | 583 | 453 | |||
| Other liabilities | 508 | 505 | 646 | 618 | 583 | 453 | |||
| Operating lease, liability | 523 | 535 | 564 | 602 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 535 | 564 | 602 | ||||||
| Total noncurrent liabilities: | 22,334 | 19,887 | 19,167 | 9,634 | 8,939 | 6,804 | |||
| Total liabilities: | 30,908 | 27,173 | 23,705 | 17,586 | 16,051 | 11,594 | |||
| Temporary equity, carrying amount | 570 | 542 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 2,869 | 5,086 | 8,761 | 12,164 | 11,105 | 10,702 | |||
| Common stock | 3 | 3 | 3 | 2 | 2 | 2 | |||
| Treasury stock, value | (2,068) | (2,066) | (2,064) | (2,058) | (1,953) | (1,378) | |||
| Additional paid in capital | 7,285 | 7,557 | 5,999 | 3,494 | 3,421 | 3,390 | |||
| Accumulated other comprehensive loss | (643) | (711) | (739) | (798) | (628) | (334) | |||
| Retained earnings (accumulated deficit) | (1,707) | 302 | 5,563 | 11,523 | 10,263 | 9,022 | |||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 2,869 | 5,086 | 8,761 | 12,164 | 11,105 | 10,702 | |||
| TOTAL LIABILITIES AND EQUITY: | 33,776 | 32,258 | 32,465 | 30,320 | 27,698 | 22,296 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,841 | 1,532 | 2,209 | 10,951 | 9,494 | 8,778 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,313 | |
| Cost of revenue | (6,614) | (2,658) | (2,765) | (6,063) | (5,262) | (4,897) | ||
| Cost of goods and services sold | (6,614) | (2,658) | (2,765) | (6,063) | (5,262) | (2,027) | ||
| Gross profit: | 2,226 | (1,125) | (556) | 4,888 | 4,232 | 3,881 | ||
| Operating expenses | (2,990) | (2,663) | (2,479) | (2,805) | (2,337) | (2,137) | ||
| Other undisclosed operating loss | (1) | (82) | (1,566) | |||||
| Operating income (loss): | (764) | (3,870) | (4,602) | 2,083 | 1,895 | 1,744 | ||
| Nonoperating expense | (1,392) | (1,390) | (1,174) | (175) | (79) | (119) | ||
| Interest and debt expense | (94) | (1,431) | (885) | (6) | (334) | (300) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,250) | (6,691) | (6,660) | 1,901 | 1,482 | 1,325 | ||
| Loss from equity method investments | (135) | (213) | ||||||
| Income (loss) from continuing operations before income taxes: | (2,250) | (6,826) | (6,874) | 1,901 | 1,482 | 1,325 | ||
| Income tax expense (benefit) | 43 | 9 | ||||||
| Income (loss) from continuing operations: | (2,250) | (6,784) | (6,865) | 1,901 | 1,482 | 1,325 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (6,784) | (6,865) | 1,901 | 1,482 | 1,325 | |
| Other undisclosed net income | 94 | 1,523 | 1,090 | 6 | 334 | |||
| Net income (loss): | (2,156) | (5,260) | (5,775) | 1,908 | 1,816 | 1,325 | ||
| Net loss attributable to noncontrolling interest | (22) | (29) | (5) | |||||
| Other undisclosed net income attributable to parent | 300 | |||||||
| Net income (loss) available to common stockholders, basic: | (2,156) | (5,260) | (5,797) | 1,879 | 1,811 | 1,625 | ||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (2,156) | (5,260) | (5,797) | 1,879 | 1,811 | 1,625 | ||
Comprehensive Income ($ in millions)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,156) | (5,260) | (5,775) | 1,908 | 1,816 | 1,325 | ||
| Other comprehensive income (loss) | 68 | 28 | 58 | (170) | (293) | 582 | ||
| Comprehensive income (loss): | (2,088) | (5,232) | (5,717) | 1,738 | 1,522 | 1,907 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (22) | (29) | (5) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 300 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,088) | (5,232) | (5,739) | 1,709 | 1,518 | 2,207 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.