Royal Caribbean Cruises Ltd. (RCL) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7023,2894,2505,0913,6843,0174,147
Cash and cash equivalents2,7023,2894,2505,0913,6843,0174,147
Receivables408397345227284165206
Inventory, net of allowances, customer advances and progress billings150142133119119142153
Inventory150142133119119142153
Derivative instruments and hedges, assets5470564970101
Other undisclosed current assets286268225164154197178
Total current assets:3,6004,1675,0095,6504,3123,5324,684
Noncurrent Assets
Operating lease, right-of-use asset542560560580600584609
Property, plant and equipment 25,70025,87325,79525,24725,36325,648
Intangible assets, net (including goodwill)809809809809809809809
Goodwill809809809809809809809
Other noncurrent assets1,3991,4291,4411,5131,4971,5411,556
Other undisclosed noncurrent assets25,908      
Total noncurrent assets:28,65828,49828,68328,69728,15328,29728,622
TOTAL ASSETS:32,25832,66633,69234,34732,46531,82933,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6861,3691,2081,1131,2221,3331,594
Accounts payable546461385341353421661
Accrued liabilities888659553535616678811
Interest and dividends payable252249270237253234122
Deferred revenue3,1612,7662,3641,8301,7851,8201,806
Debt2,2439579712211,3711,2571,075
Other undisclosed current liabilities196151138151159216262
Total current liabilities:7,2865,2434,6803,3154,5374,6254,737
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,84719,88320,07920,71417,95817,63417,753
Finance lease, liability421   162  
Operating lease, liability535549534547564546569
Other undisclosed long-term debt and lease obligation17,89219,33419,54520,16717,23317,08717,184
Liabilities, other than long-term debt505523516598646695698
Other liabilities505523516598646695698
Other undisclosed noncurrent liabilities535549534547564546569
Total noncurrent liabilities:19,88720,95521,12821,86019,16718,87519,021
Total liabilities:27,17326,19825,80825,17523,70523,50023,758
Temporary equity, carrying amount      585
Stockholders' equity
Stockholders' equity attributable to parent5,0866,4677,8849,1728,7618,3298,964
Common stock3333322
Treasury stock, value(2,066)(2,066)(2,066)(2,066)(2,064)(2,064)(2,064)
Additional paid in capital7,5577,5477,5277,5135,9994,3303,700
Accumulated other comprehensive loss(711)(676)(664)(709)(739)(869)(951)
Retained earnings3021,6593,0844,4315,5636,9308,276
Total stockholders' equity:5,0866,4677,8849,1728,7618,3298,964
TOTAL LIABILITIES AND EQUITY:32,25832,66633,69234,34732,46531,82933,307

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues982457514234 176
Cost of revenue
(Cost of Goods and Services Sold)
(1,136)(814)(425)(283)(265)(309)(680)
Gross profit:(153)(357)(374)(241)(231)(309)(505)
Operating expenses(836)(649)(609)(568)781(654)(778)
Other undisclosed operating income (loss)(42)0(41)0(1,566)(34) 
Operating loss:(1,032)(1,006)(1,024)(809)(1,017)(996)(1,282)
Nonoperating expense(325)(419)(324)(322)(350)(343)(349)
Other nonoperating income (expense)(46)37255(10)(11)(84)
Interest and debt expense(284)(431)(305)(273)(273)(259)(40)
Loss from continuing operations before equity method investments, income taxes:(1,641)(1,855)(1,652)(1,404)(1,640)(1,599)(1,672)
Income (loss) from equity method investments2(29)(48)(60)(73)(78) 
Loss from continuing operations before income taxes:(1,639)(1,884)(1,700)(1,464)(1,713)(1,677)(1,672)
Income tax benefit12  44  
Loss before gain (loss) on sale of properties:(1,628)(1,884)(1,700)(1,461)(1,709)(1,677)(1,672)
Other undisclosed net income27146035332934233740
Net loss:(1,357)(1,425)(1,347)(1,132)(1,367)(1,339)(1,632)
Net loss attributable to noncontrolling interest     (7)(7)
Net loss available to common stockholders, diluted:(1,357)(1,425)(1,347)(1,132)(1,367)(1,347)(1,639)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(1,357)(1,425)(1,347)(1,132)(1,367)(1,339)(1,632)
Other comprehensive income (loss)(35)(12)453013082144
Comprehensive loss:(1,392)(1,436)(1,302)(1,101)(1,237)(1,257)(1,487)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (7)(7)
Comprehensive loss, net of tax, attributable to parent:(1,392)(1,436)(1,302)(1,101)(1,237)(1,265)(1,495)

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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