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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7023,684244288120133122
Cash and cash equivalents2,7023,684244288120133122
Receivables408284306325319292239
Inventory, net of allowances, customer advances and progress billings150119162154111114121
Inventory150119162154111114121
Derivative instruments and hedges, assets54702220   
Other undisclosed current assets286154429457293210355
Total current assets:3,6004,3121,1631,242843748837
Noncurrent Assets
Operating lease, right-of-use asset542600688
Property, plant and equipment 25,24725,46723,46619,73520,16118,778
Intangible assets, net (including goodwill)8098091,3861,378289288287
Goodwill8098091,3861,378289288287
Other noncurrent assets1,3991,4971,6181,6121,4301,1121,020
Other undisclosed noncurrent assets25,908      
Total noncurrent assets:28,65828,15329,15826,45621,45321,56220,085
TOTAL ASSETS:32,25832,46530,32027,69822,29622,31020,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6861,2221,7121,4631,3111,044999
Accounts payable546353564488360305302
Accrued liabilities8886161,078900903692659
Interest and dividends payable2522537075474638
Deferred revenue3,1611,7853,428
Debt2,2431,3712,6212,4221,1891,286900
Customer advances and deposits2,2441,9651,742
Contract with customer, liability3,149
Other undisclosed current liabilities1961591927847147652
Total current liabilities:7,2864,5377,9537,1124,7904,4424,293
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,84717,9588,4148,3556,3518,1027,767
Finance lease, liability421162197
Operating lease, liability535564602
Other undisclosed long-term debt and lease obligation17,89217,2337,6168,3556,3518,1027,767
Liabilities, other than long-term debt505646618583453646799
Other liabilities505646618583453646799
Other undisclosed noncurrent liabilities535564602    
Total noncurrent liabilities:19,88719,1679,6348,9396,8048,7478,566
Total liabilities:27,17323,70517,58616,05111,59413,18912,859
Temporary equity, carrying amount  570542   
Stockholders' equity
Stockholders' equity attributable to parent5,0868,76112,16411,10510,7029,1218,063
Common stock3322222
Treasury stock, value(2,066)(2,064)(2,058)(1,953)(1,378)(1,153)(853)
Additional paid in capital7,5575,9993,4943,4213,3903,3293,298
Accumulated other comprehensive loss(711)(739)(798)(628)(334)(916)(1,328)
Retained earnings3025,56311,52310,2639,0227,8606,945
Total stockholders' equity:5,0868,76112,16411,10510,7029,1218,063
TOTAL LIABILITIES AND EQUITY:32,25832,46530,32027,69822,29622,31020,922

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,5322,20910,9519,4948,7788,4968,299
Revenue, net6,3136,1496,059
Cost of revenue(2,658)(2,765)(6,063)(5,262)(4,897)(5,016)(5,099)
Cost of goods and services sold(2,658)(2,765)(6,063)(5,262)(2,027)(2,082)(2,138)
Gross profit:(1,125)(556)4,8884,2323,8813,4813,200
Operating expenses(2,663)(2,479)(2,805)(2,337)(2,137)(1,995)(2,325)
Other undisclosed operating loss(82)(1,566)   (8) 
Operating income (loss):(3,870)(4,602)2,0831,8951,7441,477875
Nonoperating expense(1,390)(1,174)(175)(79)(119)(194)(209)
Other nonoperating income (expense)20(137)(25)11(5)(36)57
Interest and debt expense(1,431)(885)(6)(334)(300)(307)(278)
Income (loss) from continuing operations before equity method investments, income taxes:(6,691)(6,660)1,9011,4821,325976388
Loss from equity method investments(135)(213)     
Income (loss) from continuing operations before income taxes:(6,826)(6,874)1,9011,4821,325976388
Income tax benefit439     
Income (loss) before gain (loss) on sale of properties:(6,784)(6,865)1,9011,4821,325976388
Other undisclosed net income1,5231,0906334   
Net income (loss):(5,260)(5,775)1,9081,8161,325976388
Net loss attributable to noncontrolling interest (22)(29)(5)   
Other undisclosed net income attributable to parent    300307278
Net income (loss) available to common stockholders, diluted:(5,260)(5,797)1,8791,8111,6251,283666

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(5,260)(5,775)1,9081,8161,325976388
Other comprehensive income (loss)2858(170)(293)582412(431)
Comprehensive income (loss):(5,232)(5,717)1,7381,5221,9071,388(43)
Comprehensive loss, net of tax, attributable to noncontrolling interest (22)(29)(5)   
Other undisclosed comprehensive income, net of tax, attributable to parent    300307278
Comprehensive income (loss), net of tax, attributable to parent:(5,232)(5,739)1,7091,5182,2071,695234

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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