ROYAL CARIBBEAN CRUISES LTD

10-K & 10-Q Filings

Royal Caribbean Cruises Ltd. is a leading cruise company with three global brands: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company also has a 50% joint venture interest in TUI Cruises GmbH, which operates TUI Cruises and Hapag-Lloyd Cruises. Royal Caribbean's mission is to deliver the best vacation experiences responsibly and focuses on cost efficiency, adequate cash and liquidity, and strong balance sheet. The company operates 65 ships with a total capacity of approximately 157,575 berths and serves the North American, European, and Asian markets. Its website is [www.royalcaribbean.com] and its ticker symbol is RCL.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$7537.26
7959.89
8073.85
8299.07
8496.40
8777.84
9493.85
10950.66
2208.80
1532.13
8840.54
13900.00
2885.15
3728.00
5.23%29.21%Cost of Revenue (-)
$4942.61
5305.27
5306.28
5099.39
5015.54
4896.58
5262.21
6062.77
2765.11
2657.51
6614.34
7775.00
1792.90
2056.00
3.85%14.67%Gross Profit (+)
$2594.66
2654.62
2767.57
3199.68
3480.86
3881.27
4231.64
4887.90
-556.30
-1125.38
2226.20
6125.00
1092.24
1672.00
7.42%53.08%Selling, General & Administrative (-)
$960.60
1044.82
1048.95
1086.50
1100.29
1186.02
1303.14
1559.25
1199.62
1370.08
1582.93
1792.00
460.86
535.00
5.33%16.09%Depreciation & Amortization (-)
$702.43
754.71
772.45
827.01
894.91
951.19
1033.70
1245.94
1279.25
1292.88
1406.69
1455.00
359.77
387.00
6.26%7.57%Non-recurring Operating Expenses (-)
$
411.27
Operating Expenses (-)
$1663.03
1856.48
1825.72
2324.78
2003.66
2137.21
2336.84
2805.19
4045.25
2744.95
2989.62
3247.00
820.63
922.00
5.73%12.35%Costs & Expenses (Total) (-)
$6605.64
7161.75
7132.00
7424.17
7019.20
7033.79
7599.05
8867.96
6810.36
5402.47
9603.95
11022.00
2613.53
2978.00
4.36%13.95%Operating Income/Loss (+)
$931.63
798.15
941.86
874.90
1477.20
1744.06
1894.80
2082.70
-4601.56
-3870.33
-763.98
2878.00
271.61
750.00
9.86%176.13%Non-operating Income/Expense (+)
$-324.21
-324.46
-177.71
-209.12
-193.82
-118.92
-79.01
-175.10
-1173.57
-1390.16
-1391.99
-1174.00
-319.52
-386.00
-20.81%Interest Expense (-)
$382.42
332.42
258.30
277.73
307.37
299.98
333.67
408.51
844.24
1291.75
1364.16
1402.00
359.39
424.00
11.43%17.98%Earnings before Tax (+)
$225.01
141.27
505.85
388.06
976.02
1325.15
1482.12
1499.09
-6619.37
-6552.25
-3520.12
302.00
-407.30
-60.00
2.48%85.27%Income/Loss (Continuing Operations) (+)
$607.42
473.69
764.15
665.78
1283.39
1625.13
1815.79
1907.60
-5775.13
-5260.50
-2155.96
1704.00
-47.91
364.00
8.98%859.76%Profit/Loss (+)
$
1815.79
1907.60
-5775.13
-5260.50
-2155.96
1704.00
364.00
Net Income/Loss (NCI) (-)
$
4.75
28.71
22.33
7.00
4.00
Net Income/Loss (+)
$607.42
473.69
764.15
665.78
1283.39
1625.13
1811.04
1878.89
-5797.46
-5260.50
-2155.96
1697.00
-47.91
360.00
8.94%851.41%Net Income/Loss (Common) (+)
$607.42
473.69
764.15
665.78
1283.39
1625.13
1811.04
1878.89
-5797.46
-5260.50
-2155.96
1697.00
-47.91
360.00
8.94%851.41%EPS (Basic)
$2.80
2.16
3.45
3.03
5.96
7.57
8.60
8.97
-27.05
-20.89
-8.45
6.63
-0.19
1.40
7.45%836.84%EPS (Diluted)
$2.77
2.14
3.43
3.02
5.93
7.53
8.56
8.95
-27.05
-20.89
-8.45
6.31
-0.19
1.35
7.10%810.53%Weighted Avg Shares (Basic)
221.22
219.62
217.41
214.80
213.75
209.19
209.00
237.54
255.00
255.35
256.65
255.47
257.00
0.60%Weighted Avg Shares (Diluted)
255.47
281.00
10.00%Cash
$262.19
194.85
204.69
189.24
121.56
132.60
120.11
287.85
243.74
3684.47
2701.77
1935.01
497.00
1226.87
437.00
5.47%-64.38%Receivables
$292.45
281.42
259.75
261.39
238.97
291.90
318.64
324.51
305.82
284.15
408.07
531.07
405.00
379.18
455.00
2.75%20.00%Inventory
$144.55
146.29
151.24
123.49
121.33
114.09
111.39
153.57
162.11
118.70
150.22
224.02
248.00
221.30
236.00
4.60%6.64%Prepaid Expenses (Current)
$185.46
207.66
252.85
226.96
220.58
209.72
193.56
456.55
429.21
154.34
286.03
455.84
617.00
543.60
690.00
10.54%26.93%Other Assets (Current)
$84.64
57.83
87.84
134.57
99.32
19.57
21.75
70.08
54.18
59.08
25.00
42.65
52.00
-9.66%21.92%Assets (Current)
$969.29
888.06
956.37
801.08
837.02
748.30
843.03
1242.04
1162.63
4311.75
3600.27
3205.01
1792.00
2413.60
1870.00
5.25%-22.52%Property, Plant & Equipment (Net)
$16934.82
17451.03
17517.75
18235.57
18777.78
20161.43
19735.18
23466.16
26154.36
25846.58
26450.08
28084.00
30725.00
27987.54
30624.00
5.09%9.42%Goodwill & Intangibles
$746.54
432.98
439.23
420.54
286.76
288.39
288.51
1378.35
1385.64
809.48
809.38
809.28
809.00
809.26
809.00
0.67%-0.03%Other Assets
$1153.76
1055.86
1159.59
1256.00
1020.29
1112.21
1429.60
1611.71
1617.65
1497.38
1398.62
1678.07
1805.00
1660.09
1887.00
3.80%13.67%Assets (Non-current)
$18835.12
18939.87
19116.57
19912.11
20084.83
21562.02
21453.29
26456.23
29157.66
28153.44
28658.08
30571.36
33339.00
30456.89
33320.00
4.87%9.40%Assets (Total)
$19804.40
19827.93
20072.95
20713.19
20921.85
22310.32
22296.32
27698.27
30320.28
32465.19
32258.35
33776.36
35131.00
32870.49
35190.00
4.89%7.06%Accounts Payable
$992.75
999.67
1038.95
1015.72
999.00
1043.80
1310.60
1462.52
1712.14
1221.84
1685.53
2106.68
2270.00
1915.43
2112.00
7.14%10.26%Debt (Current)
$638.89
1519.48
1563.38
799.63
899.68
1285.73
1188.51
2422.33
2717.74
1371.09
2243.13
2087.71
1720.00
2055.31
1643.00
8.60%-20.06%Other Liabilities (Current)
$1436.00
1546.99
1664.68
2033.90
2394.15
2112.07
2291.15
3227.31
3523.01
1944.19
3357.03
4379.07
5411.00
5470.81
6150.00
11.69%12.41%Liabilities (Current)
$3067.64
4066.15
4267.01
3849.25
4292.83
4441.60
4790.26
7112.16
7952.90
4537.12
7285.68
8573.46
9401.00
9441.54
9905.00
9.78%4.91%Debt (Non-current)
$7856.96
6970.46
6511.43
7644.32
7767.38
8101.70
6350.94
8355.37
9015.75
17957.96
18847.21
21303.48
19732.00
19404.80
18876.00
7.98%-2.73%Other Liabilities
$471.98
482.57
486.25
935.27
798.61
645.61
452.81
1125.27
1187.79
1209.44
1039.91
1030.61
1099.00
998.72
1084.00
7.30%8.54%Liabilities (Non-current)
$8328.94
7453.03
6997.67
8579.58
8565.99
8747.31
6803.75
9480.64
10203.54
19167.40
19887.12
22334.08
20831.00
20403.52
19960.00
7.94%-2.17%Liabilities (Total)
$11396.58
11519.18
11264.68
12428.83
12858.82
13188.91
11594.01
16592.81
18156.44
23704.52
27172.80
30907.55
30232.00
29845.07
29865.00
8.47%0.07%Treasury Stock
$413.70
-413.70
413.70
649.78
853.35
1153.31
1378.31
1953.35
2058.09
2063.99
2065.96
2068.23
2069.00
2069.43
2081.00
14.36%0.56%Retained Earnings
$5823.43
5744.79
6054.95
6575.25
6944.86
7860.34
9022.41
10263.28
11523.33
5562.77
302.28
-1707.43
-10.00
-1755.34
350.00
119.94%AOCI
$-75.94
-134.52
5.67
-896.99
-1328.43
-916.48
-334.26
-627.73
-797.71
-739.34
-710.88
-643.21
-674.00
-677.94
-617.00
8.99%Shareholder's Equity
$8407.82
8308.75
8808.26
8284.36
8063.04
9121.41
10702.30
11105.46
12163.85
8760.67
5085.56
2868.81
4899.00
3025.42
5325.00
-4.40%76.01%Liabilities & Equity
$19804.40
19827.93
20072.95
20713.19
20921.85
22310.32
22296.32
27698.27
30320.28
32465.19
32258.35
33776.36
35131.00
32870.49
35190.00
4.89%7.06%Net Income/Loss
$607.42
18.29
473.69
764.15
665.78
1283.39
1625.13
1815.79
1907.60
-5775.13
-5260.50
-2155.96
1704.00
-47.91
364.00
8.98%859.76%Depreciation & Amortization
$702.43
730.49
754.71
772.45
827.01
947.71
997.14
1075.67
1309.20
1435.47
1541.43
1569.46
1564.00
389.84
413.00
6.90%5.94%Increase/Decrease in Working Capital
$-164.81
-248.72
-121.56
-179.75
40.19
-257.06
-320.28
-452.62
-473.40
1319.21
-1465.86
-916.16
-1189.00
-963.66
-396.00
58.91%Share-based Compensation
$
32.66
69.46
46.06
75.93
39.78
63.64
36.12
126.00
26.27
45.00
71.30%Adjustments to Reconcile Net Income
$848.32
1363.45
938.38
973.80
1280.58
1233.30
1249.43
1663.35
1808.77
2041.26
3382.68
2637.82
2773.00
1357.83
964.00
10.37%-29.00%Net Cash (Operating)
$1455.74
1381.73
1412.07
1743.76
1946.37
2516.69
2874.57
3479.14
3716.37
-3731.65
-1877.82
481.86
4477.00
1309.92
1328.00
9.81%1.38%Capital Expenditure
$939.29
-1301.31
834.40
1779.99
1669.50
2477.52
344.53
4590.12
3050.23
2037.94
2123.89
2709.64
3915.00
251.93
251.00
12.63%-0.37%Net Cash (Investing)
$-924.57
-1263.32
-824.54
-1770.38
-1742.97
-2724.89
-213.59
-4489.16
-3091.41
-2178.57
-2144.74
-2987.77
-3923.00
-234.10
-296.00
-26.44%Increase/Decrease in Debt
$-600.68
4775.18
-407.02
429.74
280.95
972.99
-1968.12
2392.06
92.75
8630.24
1756.23
2058.60
-1925.00
-1958.66
-928.00
52.62%Increase/Decrease in Equity
$-84.38
75.84
-57.62
-309.05
-268.02
-388.20
-274.06
-652.73
-148.19
1056.66
1420.16
-251.89
-194.00
-27.21
-19.00
30.18%Interest Expenses
$360.89
341.05
319.48
276.93
248.61
256.77
249.62
252.47
246.31
418.16
834.25
959.91
1442.00
389.29
411.00
12.24%5.58%Dividends Paid
$21.71
-117.71
143.63
198.95
280.21
346.49
437.45
527.49
602.67
326.42
Net Cash (Financing)
$-676.51
-179.62
-576.63
17.48
-253.51
243.81
-2675.80
1198.07
-670.37
9349.79
3040.58
1740.97
-1993.00
-1784.17
-1091.00
38.85%Effect of Exchange Rate
$-12.40
-6.13
-1.07
-6.31
-17.55
-24.57
2.33
-20.31
1.30
1.17
-0.73
-1.83
1.00
0.22
-1.00
-548.43%Increase/Decrease in Cash
$-157.74
-67.33
9.83
-15.45
-67.68
11.04
-12.49
167.74
-44.11
3440.74
-982.70
-766.76
-1438.00
-708.13
-60.00
91.53%Cash (Beginning)
$419.93
262.19
194.85
204.69
189.24
121.56
132.60
120.11
287.85
243.74
3684.47
2701.77
1935.00
1935.01
497.00
13.58%-74.32%Cash (Ending)
$262.19
194.85
204.69
189.24
121.56
132.60
120.11
287.85
243.74
3684.47
2701.77
1935.01
497.00
1226.87
437.00
5.47%-64.38%Gross Margin %
34.42%
33.35%
34.28%
38.55%
40.97%
44.22%
44.57%
44.64%
-25.19%
-73.45%
25.18%
44.06%
37.86%
44.85%
Operating Margin %
12.36%
10.03%
11.67%
10.54%
17.39%
19.87%
19.96%
19.02%
-208.33%
-252.61%
-8.64%
20.71%
9.41%
20.12%
Net Margin %
8.06%
5.95%
9.46%
8.02%
15.11%
18.51%
19.08%
17.16%
-262.47%
-343.34%
-24.39%
12.21%
-1.66%
9.66%
Asset Turnover
0.38
0.40
0.39
0.40
0.38
0.39
0.34
0.36
0.07
0.05
0.26
0.40
0.09
0.11
Inventory Turnover
34.19
35.08
42.97
42.03
43.96
43.96
34.27
37.40
23.29
17.69
29.53
31.35
8.10
8.71
Equity Multiplier
2.36
2.39
2.28
2.50
2.59
2.45
2.08
2.49
2.49
3.71
6.34
11.77
7.17
10.86
6.61
Current Ratio
0.32
0.22
0.22
0.21
0.19
0.17
0.18
0.17
0.15
0.95
0.49
0.37
0.19
0.26
0.19
Quick Ratio
0.18
0.12
0.11
0.12
0.08
0.10
0.09
0.09
0.07
0.87
0.43
0.29
0.10
0.17
0.09
Debt/Equity Ratio
1.01
1.02
0.92
1.02
1.07
1.03
0.70
0.97
0.96
2.21
4.15
8.15
4.38
7.09
3.85
Interest Coverage Ratio
2.58
2.50
3.40
3.52
5.75
6.99
7.51
8.46
-11.00
-4.64
-0.80
2.00
0.70
1.82
Working Capital/Sales
-0.11
-0.13
-0.15
-0.18
-0.16
-0.20
-0.20
-0.21
-0.64
-1.54
-0.25
-0.23
-1.12
-0.92
Total Payout
$1067.66
-4627.67
927.74
355.19
515.89
18.47
2929.25
-959.37
904.43
-8942.31
-2342.15
-846.80
3561.00
2375.17
1358.00
10.56%-42.83%