Royal caribbean cruises ltd (RCL)
Income statement / TTM
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

10,543

10,950

10,765

10,374

9,905

9,493

9,166

8,939

8,797

8,777

8,682

8,677

8,587

8,496

8,488

8,448

8,401

8,299

8,214

8,080

8,002

8,073

8,110

8,033

7,935

7,959

7,911

7,826

7,764

7,688

7,657

7,752

7,699

7,537

7,366

7,105

6,938

6,752

6,599

6,302

6,049

5,889

0

0

0

Cruise operating expenses:
Total cruise operating expenses

6,159

6,062

5,941

5,729

5,499

5,262

5,047

4,954

4,896

4,896

4,874

4,895

4,949

5,015

5,065

5,112

5,118

5,099

5,170

5,210

5,224

5,306

5,344

5,334

5,327

5,305

5,280

5,212

5,184

5,157

5,150

5,207

5,096

4,942

4,798

4,633

4,533

4,458

4,388

4,264

4,144

4,071

0

0

0

Marketing, selling and administrative expenses

1,540

1,559

1,472

1,444

1,380

1,303

1,286

1,234

1,205

1,186

1,131

1,116

1,123

1,108

0

1,118

1,101

1,086

1,075

1,058

1,045

1,048

1,053

1,064

1,061

1,044

1,037

1,031

1,020

1,011

994

982

977

960

934

915

885

848

821

805

783

761

0

0

0

Depreciation and amortization expenses

1,277

1,245

1,204

1,143

1,085

1,033

993

974

955

951

944

933

919

894

0

852

837

827

811

792

779

772

769

765

759

754

752

746

740

730

721

717

708

702

686

671

659

643

626

608

585

568

0

0

0

Impairment and credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating (Loss) Income

457

2,082

2,147

2,056

1,939

1,894

1,838

1,775

1,738

1,744

1,733

1,731

1,593

1,477

0

953

932

874

744

1,015

950

941

897

812

729

798

441

449

433

403

790

846

917

931

947

884

860

802

763

624

536

488

0

0

0

Other income (expense):
Interest income

22

26

27

28

34

32

40

38

31

30

22

24

24

20

0

13

11

12

10

10

10

10

11

12

13

13

15

17

18

21

24

26

27

25

22

16

11

9

6

6

6

7

0

0

0

Interest expense, net of interest capitalized

401

408

411

395

366

333

306

292

287

299

310

320

322

307

0

275

273

277

277

271

259

258

269

289

310

332

345

351

353

355

357

370

374

382

399

390

387

371

351

336

314

309

0

0

0

Equity investment (loss) income

186

230

212

204

215

210

204

194

173

156

153

115

119

128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss related to Skysea Holding

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment of unsecured senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-52

-24

-29

-25

30

11

7

9

-26

-5

-1

-12

-15

-35

0

-56

-52

-24

40

23

30

18

22

5

-4

-1

-33

-32

-43

-42

-2

-23

5

32

25

34

22

74

66

70

47

-33

0

0

0

Total other income (expense)

-243

-175

-199

-188

-85

-79

-54

-50

-109

-118

-135

-192

-194

-193

0

-188

-212

-209

-175

-185

-167

-177

-236

-275

-306

-324

-368

-373

-385

-384

-342

-367

-341

-324

-352

-338

-353

-286

-278

-259

-259

-336

0

0

0

Net (Loss) Income

213

1,907

1,947

1,867

1,853

1,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net Income attributable to noncontrolling interest

29

28

26

19

11

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

184

1,878

1,921

1,848

1,842

1,811

1,783

1,725

1,629

1,625

1,598

1,538

1,398

1,283

0

764

719

665

568

830

782

764

661

536

423

473

73

75

47

18

447

478

575

607

595

546

506

515

484

364

276

152

0

0

0

(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

213

1,907

1,947

1,867

1,853

1,815

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

184

1,878

1,921

1,848

1,842

1,811

1,783

1,725

1,629

1,625

1,598

1,538

1,398

1,283

0

764

719

665

568

830

782

764

661

536

423

473

73

75

47

18

447

478

575

607

595

546

506

515

484

364

276

152

0

0

0

Other comprehensive income (loss):
Foreign currency translation adjustments

10

0

-8

3

-14

-14

-10

-1

16

17

8

6

-1

2

0

-5

8

-30

-32

-46

-60

-26

-16

7

8

1

5

0

-10

-2

-28

-73

-44

-18

0

0

0

-

-

-

-

-

-

-

-

Change in defined benefit plans

26

19

22

8

0

-7

-7

-4

-2

5

-4

-1

-1

1

0

4

-2

-4

-3

0

6

7

5

-1

-8

-10

0

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

(Loss) gain on cash flow derivative hedges

-500

-151

-685

-383

-380

-286

299

492

690

570

538

403

430

411

0

-188

-142

-406

-827

-854

-1,077

-869

-251

59

97

127

64

84

-221

-51

-82

-418

-120

-76

0

0

0

-

-

-

-

-

-

-

-

Total other comprehensive (loss) income

-516

-169

-715

-387

-396

-293

296

495

709

582

550

411

430

411

0

-199

-131

-431

-855

-901

-1,144

-902

-273

68

114

140

76

85

-236

-58

-117

-498

-172

-101

0

0

0

-

-

-

-

-

-

-

-

Comprehensive (Loss) Income

-302

1,737

1,231

1,479

1,457

1,522

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive Income attributable to noncontrolling interest

29

28

26

19

11

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-331

1,708

1,205

1,460

1,445

1,517

2,079

2,221

2,338

2,207

2,148

1,949

1,829

1,695

0

565

588

234

-286

-71

-361

-138

387

605

538

613

150

161

-188

-40

330

-19

403

506

0

0

0

-

-

-

-

-

-

-

-

Passenger ticket revenues
Total revenues

7,523

7,857

7,724

7,422

7,077

6,792

6,561

6,411

6,320

6,313

6,247

6,254

6,189

6,149

6,165

6,139

6,130

6,058

5,991

5,904

5,852

5,893

5,880

5,765

5,677

5,722

5,707

5,670

5,636

5,594

5,587

5,687

5,651

5,525

5,403

5,189

5,052

4,908

4,791

4,541

4,338

4,205

0

0

0

Onboard and other revenues
Total revenues

3,019

3,093

3,041

2,952

2,828

2,701

2,604

2,527

2,476

2,464

2,435

2,422

2,397

2,347

2,323

2,308

2,271

2,240

2,222

2,175

2,149

2,180

2,229

2,267

2,258

2,237

2,204

2,155

2,128

2,093

2,069

2,065

2,048

2,011

1,962

1,915

1,886

1,843

1,807

1,760

1,710

1,684

0

0

0

Total cruise operating expenses

628

639

634

605

572

537

512

498

489

495

489

492

495

493

514

529

540

553

565

572

575

582

584

580

570

568

564

553

543

529

521

536

540

535

524

502

492

480

484

477

465

457

0

0

0

Commissions, transportation and other
Total cruise operating expenses

1,610

1,656

1,633

1,574

1,506

1,433

1,381

1,361

1,343

1,363

1,349

1,340

1,335

1,349

1,367

1,379

1,401

1,400

1,397

1,380

1,371

1,372

1,365

1,347

1,317

1,314

1,312

1,300

1,291

1,289

1,309

1,349

1,340

1,299

1,269

1,214

1,186

1,175

1,146

1,100

1,061

1,028

0

0

0

Payroll and related
Total cruise operating expenses

1,139

1,079

1,049

1,006

967

924

890

880

864

852

847

851

871

882

885

889

877

861

861

857

848

847

843

842

842

841

842

830

828

828

830

839

831

825

816

802

792

767

741

715

692

681

0

0

0

Food
Total cruise operating expenses

565

583

575

559

540

520

505

497

491

492

483

482

485

485

490

486

481

480

481

480

479

478

476

474

468

469

466

458

455

449

445

448

437

424

414

400

395

388

377

365

352

345

0

0

0

Fuel
Total cruise operating expenses

732

697

715

720

710

710

687

665

664

681

691

709

715

713

719

740

766

795

836

867

908

947

952

937

927

924

919

916

922

909

888

877

827

764

719

682

658

646

646

627

600

600

0

0

0

Other operating
Total cruise operating expenses

1,483

1,405

1,332

1,263

1,202

1,134

1,069

1,050

1,044

1,010

1,013

1,019

1,047

1,090

1,087

1,086

1,050

1,007

1,029

1,051

1,041

1,077

1,121

1,151

1,201

1,186

1,174

1,152

1,143

1,151

1,154

1,156

1,118

1,092

1,053

1,029

1,008

999

992

978

971

957

0

0

0