Royal caribbean cruises ltd (RCL)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Total revenues

2,032

2,517

3,186

2,806

2,439

2,332

2,796

2,337

2,027

2,004

2,569

2,195

2,008

1,909

2,563

2,105

1,917

1,902

2,523

2,058

1,815

1,817

2,388

1,980

1,887

1,854

2,311

1,882

1,911

1,806

2,226

1,821

1,834

1,775

2,321

1,767

1,671

1,604

2,060

1,601

1,485

1,451

1,763

1,349

1,325

Cruise operating expenses:
Total cruise operating expenses

1,510

1,481

1,623

1,544

1,413

1,360

1,411

1,314

1,176

1,145

1,318

1,256

1,175

1,123

1,340

1,310

1,241

1,173

1,387

1,316

1,222

1,244

1,426

1,330

1,303

1,282

1,416

1,323

1,282

1,257

1,348

1,296

1,255

1,250

1,405

1,185

1,101

1,106

1,239

1,086

1,025

1,037

1,116

965

952

Marketing, selling and administrative expenses

395

414

352

376

414

327

325

312

337

311

273

283

317

256

259

290

302

269

256

274

286

257

239

260

290

262

249

257

274

255

243

247

264

238

231

242

248

211

213

211

211

185

196

190

189

Depreciation and amortization expenses

324

321

320

311

292

280

259

253

240

240

240

234

235

233

229

221

210

209

210

206

200

193

192

192

193

190

188

186

189

188

182

180

179

179

177

172

173

163

162

160

157

146

144

137

139

Impairment and credit losses

1,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

411

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-0

1

-

12

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating (Loss) Income

-1,306

299

890

573

318

364

799

456

274

307

737

419

279

296

734

282

163

249

258

261

105

119

529

195

97

74

444

113

165

-281

452

96

135

106

507

168

149

121

445

143

91

82

306

55

44

Other income (expense):
Interest income

5

5

5

6

9

6

5

13

7

13

4

5

6

5

6

5

2

3

1

2

3

2

2

2

3

3

3

3

3

5

4

4

6

7

7

6

3

4

1

1

1

1

2

1

1

Interest expense, net of interest capitalized

92

94

102

111

100

97

86

81

67

69

73

76

80

80

82

78

65

64

66

76

70

64

60

65

68

75

79

86

90

89

84

89

92

90

98

92

100

107

89

90

83

88

73

68

79

Equity investment (loss) income

-10

60

103

33

33

42

95

44

28

35

85

23

11

33

46

27

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss related to Skysea Holding

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment of unsecured senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-32

10

-7

-21

-5

5

-3

33

-24

1

-1

-2

-2

5

-12

-6

-22

-63

35

-2

5

0

18

4

-5

4

2

-5

-2

-27

3

-16

-2

13

-17

11

25

5

-8

-0

78

-2

-4

-22

-2

Total other income (expense)

-130

-18

-0

-93

-62

-43

10

9

-55

-19

15

-50

-64

-35

-41

-52

-63

-43

-29

-76

-60

-9

-39

-57

-71

-67

-78

-88

-89

-111

-84

-100

-88

-69

-108

-74

-71

-97

-95

-89

-4

-88

-76

-90

-80

Net (Loss) Income

-1,437

280

890

479

256

320

810

466

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net Income attributable to noncontrolling interest

7

7

7

7

7

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (Loss) Income attributable to Royal Caribbean Cruises Ltd.

-1,444

273

883

472

249

315

810

466

218

288

752

369

214

261

693

229

99

206

228

184

45

109

490

137

26

7

365

24

76

-392

367

-3

46

36

398

93

78

24

350

53

87

-6

230

-35

-36

(Loss) Earnings per Share:
Basic (in dollars per share)

-6.91

1.31

4.21

2.26

1.19

1.49

3.88

2.20

1.03

1.34

3.51

1.72

1.00

1.20

3.23

1.07

0.46

0.94

1.04

0.84

0.21

0.51

2.20

0.62

0.12

0.04

1.66

0.11

0.35

-1.81

1.69

-0.02

0.22

0.17

1.84

0.43

0.36

0.11

1.63

0.25

0.41

-0.04

1.08

-0.16

-0.17

Diluted (in dollars per share)

-6.91

1.31

4.20

2.25

1.19

1.49

3.86

2.19

1.02

1.34

3.49

1.71

0.99

1.20

3.21

1.06

0.46

0.95

1.03

0.84

0.20

0.50

2.19

0.62

0.12

0.03

1.65

0.11

0.35

-1.79

1.68

-0.02

0.21

0.16

1.82

0.43

0.36

0.11

1.61

0.25

0.40

-0.03

1.07

-0.16

-0.17

Weighted-Average Shares Outstanding:
Basic (in shares)

209

-

209

209

209

-

209

211

212

-

214

215

214

-

214

215

216

-

219

219

219

-

222

222

221

-

219

219

219

-

217

217

217

-

217

217

216

-

215

215

214

-

213

213

213

Diluted (in shares)

209

-

210

210

209

-

209

212

213

-

215

216

215

-

215

216

217

-

221

220

220

-

223

223

222

-

221

220

220

-

219

217

219

-

218

219

219

-

217

217

216

-

215

213

213

Comprehensive (Loss) Income
Net Income

-1,437

280

890

479

256

320

810

466

218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-1,444

273

883

472

249

315

810

466

218

288

752

369

214

261

693

229

99

206

228

184

45

109

490

137

26

7

365

24

76

-392

367

-3

46

36

398

93

78

24

350

53

87

-6

230

-35

-36

Other comprehensive income (loss):
Foreign currency translation adjustments

10

8

-15

7

0

-0

-3

-11

1

3

5

5

2

-6

4

-2

6

-6

-4

11

-31

-8

-18

-1

2

1

6

-1

-4

4

1

-12

3

-20

-43

16

29

-

-

-

-

-

-

-

-

Change in defined benefit plans

7

-3

12

9

0

-0

-1

1

-7

-0

1

3

0

-10

5

3

3

0

-3

-3

1

1

1

2

2

-0

-5

-5

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

(Loss) gain on cash flow derivative hedges

-300

136

-265

-71

48

-397

36

-68

142

188

230

128

22

156

95

156

2

-125

-222

202

-260

-546

-249

-20

-52

71

61

17

-22

8

81

-288

147

-22

-255

9

192

-

-

-

-

-

-

-

-

Total other comprehensive (loss) income

-297

148

-293

-74

48

-397

34

-82

151

192

234

131

24

161

94

150

5

-132

-223

217

-293

-556

-269

-24

-52

72

73

21

-26

8

82

-300

150

-50

-298

25

222

-

-

-

-

-

-

-

-

Comprehensive (Loss) Income

-1,734

429

597

405

305

-76

845

383

370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive Income attributable to noncontrolling interest

7

7

7

7

7

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive (Loss) Income attributable to Royal Caribbean Cruises Ltd.

-1,742

421

590

398

298

-81

845

383

370

480

986

500

238

422

787

380

105

74

5

402

-248

-446

220

113

-26

79

438

46

49

-384

450

-304

197

-13

100

119

300

-

-

-

-

-

-

-

-

Passenger ticket revenues
Total revenues

1,376

1,784

2,344

2,017

1,709

1,651

2,042

1,672

1,425

1,420

1,893

1,581

1,418

1,354

1,899

1,516

1,378

1,370

1,873

1,507

1,306

1,303

1,786

1,455

1,348

1,290

1,672

1,366

1,393

1,275

1,635

1,332

1,352

1,268

1,734

1,296

1,226

1,146

1,520

1,159

1,082

1,029

1,270

956

949

Onboard and other revenues
Total revenues

655

732

842

788

729

680

753

665

602

584

676

613

590

554

663

588

539

531

649

550

508

514

602

524

539

563

639

516

517

531

591

488

482

507

587

471

445

458

540

442

403

422

492

392

376

Total cruise operating expenses

123

129

200

174

135

124

171

142

99

100

157

132

105

93

159

136

103

114

175

147

116

126

182

150

123

128

178

140

121

124

166

130

107

116

181

134

102

105

159

124

90

109

152

112

83

Commissions, transportation and other
Total cruise operating expenses

317

377

488

426

363

354

430

358

290

302

409

340

310

289

400

334

324

307

413

355

324

303

396

346

325

296

378

316

322

294

366

307

320

315

405

299

279

285

350

271

268

256

303

232

235

Payroll and related
Total cruise operating expenses

330

280

263

265

269

250

221

226

227

216

210

210

215

210

214

230

227

213

217

218

211

213

214

209

210

208

213

208

209

209

201

206

210

211

210

198

204

202

197

188

179

176

171

165

168

Food
Total cruise operating expenses

121

147

149

146

139

139

133

128

119

123

126

121

121

113

125

124

121

118

122

119

119

119

120

119

118

118

119

112

119

115

111

109

113

111

113

99

100

101

99

93

92

90

88

80

85

Fuel
Total cruise operating expenses

194

178

177

181

160

195

182

172

160

172

160

170

177

182

178

176

175

188

199

202

205

229

230

242

244

234

215

232

241

229

213

237

228

208

202

188

166

163

164

164

154

162

146

136

154

Other operating
Total cruise operating expenses

423

368

342

348

346

295

273

286

278

230

253

281

245

232

260

308

288

230

259

272

245

251

281

262

281

295

311

312

266

284

289

303

274

287

291

265

248

248

267

244

238

241

253

237

224