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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,684244288120133122189
Cash and cash equivalents3,684244288120133122189
Receivables284306325319292239261
Inventory, net of allowances, customer advances and progress billings119162154111114121123
Inventory119162154111114121123
Derivative instruments and hedges, assets702220    
Other undisclosed current assets154429457293210355227
Total current assets:4,3121,1631,242843748837801
Noncurrent Assets
Operating lease, right-of-use asset600688
Property, plant and equipment25,24725,46723,46619,73520,16118,77818,236
Intangible assets, net (including goodwill)8091,3861,378289288287421
Goodwill8091,3861,378289288287421
Other noncurrent assets1,4971,6181,6121,4301,1121,0201,256
Total noncurrent assets:28,15329,15826,45621,45321,56220,08519,912
TOTAL ASSETS:32,46530,32027,69822,29622,31020,92220,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2221,7121,4631,3111,0449991,016
Accounts payable353564488360305302332
Accrued liabilities6161,078900903692659635
Interest and dividends payable253707547463849
Deferred revenue1,7853,428
Debt1,3712,6212,4221,1891,286900800
Customer advances and deposits2,2441,9651,7421,767
Contract with customer, liability3,149
Other undisclosed current liabilities1591927847147652267
Total current liabilities:4,5377,9537,1124,7904,4424,2933,849
Noncurrent Liabilities
Long-term debt and lease obligation, including:17,9588,4148,3556,3518,1027,7677,644
Finance lease, liability162197
Operating lease, liability564602
Other undisclosed long-term debt and lease obligation17,2337,6168,3556,3518,1027,7677,644
Liabilities, other than long-term debt646618583453646799935
Other liabilities646618583453646799935
Other undisclosed noncurrent liabilities564602     
Total noncurrent liabilities:19,1679,6348,9396,8048,7478,5668,580
Total liabilities:23,70517,58616,05111,59413,18912,85912,429
Temporary equity, carrying amount 570542    
Stockholders' equity
Stockholders' equity attributable to parent8,76112,16411,10510,7029,1218,0638,284
Common stock3222222
Treasury stock, value(2,064)(2,058)(1,953)(1,378)(1,153)(853)(650)
Additional paid in capital5,9993,4943,4213,3903,3293,2983,254
Accumulated other comprehensive loss(739)(798)(628)(334)(916)(1,328)(897)
Retained earnings5,56311,52310,2639,0227,8606,9456,575
Total stockholders' equity:8,76112,16411,10510,7029,1218,0638,284
TOTAL LIABILITIES AND EQUITY:32,46530,32027,69822,29622,31020,92220,713

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,20910,9519,4948,7788,4968,2998,074
Revenue, net6,3136,1496,0595,894
Cost of revenue(2,765)(6,063)(5,262)(4,897)(5,016)(5,099)(5,306)
Cost of goods and services sold(2,765)(6,063)(5,262)(2,027)(2,082)(2,138)(2,273)
Gross profit:(556)4,8884,2323,8813,4813,2002,768
Operating expenses(2,479)(2,805)(2,337)(2,137)(1,995)(2,325)(2,921)
Other undisclosed operating income (loss)(1,566)   (8) 1,095
Operating income (loss):(4,602)2,0831,8951,7441,477875942
Nonoperating expense(1,174)(175)(79)(119)(194)(209)(178)
Investment income, nonoperating      (51)
Foreign currency transaction gain, before tax      50
Other nonoperating income (expense)(137)(25)11(5)(36)5770
Interest and debt expense(885)(6)(334)(300)(307)(278)(258)
Income (loss) from continuing operations before equity method investments, income taxes:(6,660)1,9011,4821,325976388506
Loss from equity method investments(213)      
Income (loss) from continuing operations before income taxes:(6,874)1,9011,4821,325976388506
Income tax benefit9     44
Income (loss) before gain (loss) on sale of properties:(6,865)1,9011,4821,325976388550
Other undisclosed net income1,0906334    
Net income (loss):(5,775)1,9081,8161,325976388550
Net loss attributable to noncontrolling interest(22)(29)(5)    
Other undisclosed net income attributable to parent   300307278214
Net income (loss) available to common stockholders, diluted:(5,797)1,8791,8111,6251,283666764

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5,775)1,9081,8161,325976388550
Other comprehensive income (loss)58(170)(293)582412(431)(903)
Comprehensive income (loss):(5,717)1,7381,5221,9071,388(43)(352)
Comprehensive loss, net of tax, attributable to noncontrolling interest(22)(29)(5)    
Other undisclosed comprehensive income, net of tax, attributable to parent   300307278214
Comprehensive income (loss), net of tax, attributable to parent:(5,739)1,7091,5182,2071,695234(139)

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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