Royal Caribbean Cruises Ltd. (RCL) financial statements (2021 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
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244277235248288255109
Cash and cash equivalents244277235248288255109
Receivables306349341375325385356
Inventory, net of allowances, customer advances and progress billings162167168158154152122
Inventory162167168158154152122
Derivative instruments and hedges, assets221239602010794
Other undisclosed current assets429399500492457460419
Total current assets:1,1631,2041,2831,3331,2421,3591,100
Noncurrent Assets
Operating lease, right-of-use asset688697721 
Property, plant and equipment25,46725,00524,85523,64123,46622,60021,430
Long-term investments and receivables   174   
Due from related parties   174   
Intangible assets, net (including goodwill)1,3861,3731,3731,8771,3781,375288
Goodwill1,3861,3731,3731,3781,3781,375288
Intangible assets, net (excluding goodwill)   499   
Other noncurrent assets1,6181,5461,5771,5901,6121,7601,239
Other undisclosed noncurrent assets   105   
Total noncurrent assets:29,15828,62228,52627,38726,45625,73522,957
TOTAL ASSETS:30,32029,82529,80928,72027,69827,09424,057
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7121,6431,5541,4401,4631,3871,231
Accounts payable564539532497488432419
Accrued liabilities1,078980947823900860752
Interest and dividends payable7012575120759561
Deferred revenue3,4283,4103,909 
Debt2,6211,8651,9932,7582,4222,5271,178
Contract with customer, liability3,7303,1493,1123,049
Other undisclosed current liabilities192195130178784744
Total current liabilities:7,9537,1147,5868,1067,1127,0735,502
Noncurrent Liabilities
Long-term debt and lease obligation, including:8,4148,8198,9227,5268,3557,6477,341
Finance lease, liability197204218 
Operating lease, liability602621644 
Other undisclosed long-term debt and lease obligation7,6167,9958,0607,5268,3557,6477,341
Liabilities, other than long-term debt618732562561583498440
Other liabilities618732562561583498440
Other undisclosed noncurrent liabilities602621644708   
Total noncurrent liabilities:9,63410,17210,1288,7958,9398,1457,781
Total liabilities:17,58617,28517,71416,90116,05115,21813,283
Temporary equity, carrying amount570563557550542538 
Stockholders' equity
Stockholders' equity attributable to parent12,16411,97711,53811,26911,10511,33810,774
Common stock2222222
Treasury stock, value(2,058)(1,959)(1,959)(1,953)(1,953)(1,953)(1,791)
Additional paid in capital3,4943,4673,4553,4323,4213,4263,398
Accumulated other comprehensive loss(798)(946)(653)(579)(628)(231)(265)
Retained earnings11,52311,41310,69310,36710,26310,0949,430
Total stockholders' equity:12,16411,97711,53811,26911,10511,33810,774
TOTAL LIABILITIES AND EQUITY:30,32029,82529,80928,72027,69827,09424,057

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues2,5173,1872,8072,4402,3322,7962,338
Cost of revenue
(Cost of Goods and Services Sold)
(1,482)(1,623)(1,545)(1,414)(1,360)(1,411)(1,314)
Gross profit:1,0361,5641,2621,0269721,3851,023
Operating expenses(736)(673)(688)(707)(608)(585)(566)
Operating income:299891574319364800457
Nonoperating income (expense)(19)(0)(94)(62)(44)119
Other nonoperating income (expense)10(8)(22)(5)5(4)34
Interest and debt expense (102)(111)(100)(97)(87)(82)
Income before gain (loss) on sale of properties:280788369156223724384
Other undisclosed net income 102111100334  
Net income:280890480257557724384
Net loss attributable to noncontrolling interest(7)(7)(7)(7)   
Other undisclosed net income (loss) attributable to parent    (241)8782
Net income available to common stockholders, diluted:273883473250316810466

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:280890480257557724384
Other comprehensive income (loss)149(293)(74)49(397)35(82)
Comprehensive income:429597406306160759302
Comprehensive loss, net of tax, attributable to noncontrolling interest(7)(7)(7)(7)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (241)8782
Comprehensive income (loss), net of tax, attributable to parent:422590399298(81)845384

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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