Royal Caribbean Cruises Ltd. (RCL) financial statements (2020 and earlier)

Company profile

Business Address 1050 CARIBBEAN WAY
MIAMI, FL 33132
State of Incorp.
Fiscal Year End December 31
SIC 44 - Water Transportation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244288120133122189205
Cash and cash equivalents244288120133122189205
Receivables306325319292239261260
Inventory, net of allowances, customer advances and progress billings162154111114121123151
Inventory162154111114121123151
Derivative instruments and hedges, assets2220    88
Other undisclosed current assets429457293210355227253
Total current assets:1,1631,242843748837801956
Noncurrent Assets
Operating lease, right-of-use asset688
Property, plant and equipment25,46723,46619,73520,16118,77818,23617,518
Intangible assets, net (including goodwill)1,3861,378289288287421439
Goodwill1,3861,378289288287421439
Other noncurrent assets1,6181,6121,4301,1121,0201,2561,160
Total noncurrent assets:29,15826,45621,45321,56220,08519,91219,117
TOTAL ASSETS:30,32027,69822,29622,31020,92220,71320,073
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7121,4631,3111,0449991,016936
Accounts payable564488360305302332372
Accrued liabilities1,078900903692659635564
Interest and dividends payable707547463849 
Deferred revenue3,428
Debt2,6212,4221,1891,2869008001,563
Customer advances and deposits2,2441,9651,7421,767
Contract with customer, liability3,149
Other undisclosed current liabilities19278471476522671,768
Total current liabilities:7,9537,1124,7904,4424,2933,8494,267
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,4148,3556,3518,1027,7677,6446,511
Finance lease, liability197
Operating lease, liability602
Other undisclosed long-term debt and lease obligation7,6168,3556,3518,1027,7677,6446,511
Liabilities, other than long-term debt618583453646799935486
Other liabilities618583453646799935486
Other undisclosed noncurrent liabilities602      
Total noncurrent liabilities:9,6348,9396,8048,7478,5668,5806,998
Total liabilities:17,58616,05111,59413,18912,85912,42911,265
Temporary equity, carrying amount570542     
Stockholders' equity
Stockholders' equity attributable to parent12,16411,10510,7029,1218,0638,2848,808
Common stock2222222
Treasury stock, value(2,058)(1,953)(1,378)(1,153)(853)(650)(414)
Additional paid in capital3,4943,4213,3903,3293,2983,2543,159
Accumulated other comprehensive income (loss)(798)(628)(334)(916)(1,328)(897)6
Retained earnings11,52310,2639,0227,8606,9456,5756,055
Total stockholders' equity:12,16411,10510,7029,1218,0638,2848,808
TOTAL LIABILITIES AND EQUITY:30,32027,69822,29622,31020,92220,71320,073

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,9519,4948,7788,4968,2998,0747,960
Revenue, net6,3136,1496,0595,8945,723
Cost of revenue(6,063)(5,262)(4,897)(5,016)(5,099)(5,306)(5,305)
Cost of goods and services sold(6,063)(5,262)(2,027)(2,082)(2,138)(2,273)(2,236)
Gross profit:4,8884,2323,8813,4813,2002,7682,655
Operating expenses(2,805)(2,337)(2,137)(1,995)(2,325)(2,921)(3,009)
Other undisclosed operating income (loss)   (8) 1,0951,153
Operating income:2,0831,8951,7441,477875942798
Nonoperating expense(175)(79)(119)(194)(209)(178)(324)
Investment income, nonoperating     (51)(21)
Foreign currency transaction gain, before tax     5013
Other nonoperating income (expense)(25)11(5)(36)5770(2)
Interest and debt expense(6)(334)(300)(307)(278)(258)(337)
Income from continuing operations before income taxes:1,9011,4821,325976388506137
Income tax benefit     44 
Income before gain (loss) on sale of properties:1,9011,4821,325976388550137
Other undisclosed net income6334     
Net income:1,9081,8161,325976388550137
Net loss attributable to noncontrolling interest(29)(5)     
Other undisclosed net income attributable to parent  300307278214337
Net income available to common stockholders, diluted:1,8791,8111,6251,283666764474

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,9081,8161,325976388550137
Other comprehensive income (loss)(170)(293)582412(431)(903)140
Comprehensive income (loss):1,7381,5221,9071,388(43)(352)277
Comprehensive loss, net of tax, attributable to noncontrolling interest(29)(5)     
Other undisclosed comprehensive income, net of tax, attributable to parent  300307278214337
Comprehensive income (loss), net of tax, attributable to parent:1,7091,5182,2071,695234(139)614

Statements sources

The financial statements are based on the company's filings with the 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.

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