RCL Stock Cash Flow Statements

Royal Caribbean Group Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

Royal Caribbean Group Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31

operating activities
net income	1,214,000,000	736,000,000	559,000,000	1,115,000,000	858,000,000	364,000,000	278,922,000	1,010,678,000	462,310,000	-47,910,000	-500,206,000	32,968,000	-521,582,000	-1,167,142,000	-1,356,968,000	-1,424,554,000	-1,347,255,000	-1,131,722,000	-1,366,935,000	-1,339,312,000	-1,631,848,000	-1,437,035,000	280,474,000	890,365,000	479,955,000	256,806,000	320,453,000	810,391,000	466,295,000	218,653,000	288,039,000	752,842,000	369,526,000	214,726,000	261,086,000	693,257,000	229,905,000	99,140,000	206,799,000	228,787,000	184,967,000	45,230,000	109,768,000	490,248,000	137,673,000	26,457,000	7,018,000			76,226,000	367,779,000	-3,653,000	46,964,000	36,562,000	398,958,000	80,349,000	91,552,000	42,707,000	356,767,000	60,546,000	87,447,000	3,353,000	230,392,000	-35,086,000	-36,238,000	1,479,000	411,887,000	84,749,000	75,607,000	70,830,000
adjustments:
depreciation and amortization	417,000,000	412,000,000	410,000,000	410,000,000	393,000,000	387,000,000	368,077,000	365,473,000	361,677,000	359,773,000	360,595,000	355,085,000	351,542,000	339,467,000	333,366,000	325,907,000	323,439,000	310,166,000	318,028,000	317,139,000	319,757,000	324,330,000	321,762,000	320,295,000	311,600,000	292,285,000	280,168,000	259,923,000	253,376,000	240,230,000	240,358,000	240,150,000	234,937,000	235,749,000	233,203,000	229,328,000	221,620,000	210,764,000	209,330,000	210,742,000	206,468,000	200,468,000	193,382,000	192,448,000	192,880,000	193,735,000	190,622,000	188,541,000	186,184,000	189,364,000	182,051,000	180,514,000	179,392,000	179,933,000	177,191,000	172,050,000	173,252,000	163,878,000	162,232,000	160,031,000	157,575,000	146,412,000	144,021,000	137,925,000	139,856,000	133,980,000	134,706,000	127,277,000	124,390,000	123,045,000
net deferred income tax expense				10,000,000																		253,000	3,081,000	870,000	811,000	2,983,000					1,214,000	-568,000	474,000	610,000	1,007,000	1,253,000	-479,000	827,000
(gain) loss on derivative instruments not designated as hedges	-54,000,000	-2,000,000							-8,278,000	-3,397,000					10,068,000	4,603,000															-4,868,000	-21,848,000						-14,455,000							-8,951,000	-1,890,000
share-based compensation expense	39,000,000	53,000,000	158,000,000	26,000,000	38,000,000	45,000,000	46,685,000	13,594,000	39,451,000	26,270,000	11,831,000	14,151,000	-12,705,000	22,839,000	8,203,000	19,873,000	16,728,000	18,834,000	9,908,000	21,107,000			24,674,000	9,282,000	14,652,000	27,322,000	-17,359,000	31,601,000	11,655,000	20,164,000	16,990,000	17,090,000	18,117,000	17,262,000
equity investment income	-107,000,000	-48,000,000		-106,000,000	-56,000,000	-41,000,000																	-60,587,000	-103,654,000	-33,045,000	-33,694,000	-42,524,000	-95,169,000	-44,311,000	-28,752,000	-35,888,000	-85,120,000	-23,359,000	-11,880,000
amortization of debt issuance costs, discounts and premiums	23,000,000	23,000,000	22,000,000	25,000,000	25,000,000	26,000,000	24,985,000	25,871,000	28,074,000	30,070,000
loss on extinguishment of debt and inducement expense	0	10,000,000	7,000,000
changes in operating assets and liabilities:
increase in trade and other receivables	26,000,000	-77,000,000		3,000,000	41,000,000	-57,000,000					-60,793,000	28,050,000	-169,369,000	-32,236,000	43,828,000	-44,973,000	-108,165,000	-72,397,000					26,784,000	-22,420,000	30,120,000	-44,382,000	7,568,000			-10,181,000				-828,000												-36,332,000																14,396,000								23,887,000
decrease in inventories	8,000,000	9,000,000			-6,000,000	12,000,000																								567,000			-709,000	5,391,000											1,673,000	6,104,000
increase in prepaid expenses and other assets	-30,000,000	-112,000,000	-27,000,000	86,000,000	-116,000,000	-80,000,000	-140,279,000	95,528,000	-60,760,000	-78,489,000	-44,767,000	60,519,000	-44,554,000	-124,394,000	-28,136,000	-48,722,000	-49,095,000	-26,118,000							-39,120,000	-12,323,000	4,701,000	76,155,000	-62,901,000	-89,725,000			-4,848,000	-32,083,000			3,468,000	-50,524,000		28,073,000	9,050,000	-67,772,000		32,203,000	-5,234,000	-30,565,000				-19,990,000	19,085,000	-27,883,000	-30,612,000	55,486,000	11,202,000	-45,726,000	-38,014,000	22,502,000	4,481,000	-32,639,000	-5,298,000	6,348,000	10,764,000	-19,697,000	-500,000		38,582,000			22,370,000
increase in accounts payable trade	2,000,000	22,000,000		35,000,000	-60,000,000	78,000,000		31,720,000	-26,395,000	56,682,000
decrease in accrued expenses and other liabilities	130,000,000	-151,000,000		-95,000,000	191,000,000	-238,000,000				-258,713,000		13,864,000	97,604,000	-130,441,000		117,117,000										-68,688,000			37,882,000	-109,136,000				-57,344,000				-53,108,000												-45,953,000		-6,567,000	-21,938,000			29,468,000	-51,399,000			2,408,000	-15,922,000				-28,610,000
increase in customer deposits	45,000,000	838,000,000	173,000,000	-921,000,000	205,000,000	729,000,000	278,668,000	-644,013,000	405,753,000	1,102,592,000	393,497,000	-394,244,000	601,342,000	406,534,000	394,717,000	402,645,000	533,362,000	95,923,000	-35,205,000	14,366,000	-663,166,000	-959,555,000	18,804,000	-499,100,000	179,700,000	580,735,000	36,760,000	-391,190,000	262,542,000	477,878,000	17,850,000	-306,691,000	229,811,000	333,735,000	-8,645,000	-270,262,000	289,223,000	178,316,000	-158,360,000	-340,241,000	197,329,000	208,423,000	-89,326,000	-284,482,000	200,326,000	188,367,000	-94,160,000	-141,092,000	216,578,000	55,751,000	-143,880,000	147,513,000	77,360,000	-77,607,000	-208,981,000	225,546,000	80,524,000	-21,977,000	-162,430,000	164,254,000	156,128,000	18,198,000	-117,952,000	164,935,000	-33,143,000	-191,945,000	-281,490,000	242,802,000	112,092,000	-88,659,000
other	28,000,000	-85,000,000	-106,000,000	41,000,000	33,000,000	-48,000,000	42,082,000	-26,021,000	-13,993,000	15,932,000	56,657,000	-57,912,000	-35,612,000	-20,259,000	-17,394,000	-109,000	-34,189,000	35,935,000	16,850,000	23,262,000	-1,653,000	-26,398,000	30,575,000	-1,653,000	20,462,000	-20,669,000	24,618,000	-3,495,000	8,269,000	-11,017,000	-20,680,000	9,422,000	228,000	-6,930,000	23,990,000	18,349,000	-32,119,000	-14,511,000	-42,674,000	-9,404,000	7,204,000	12,601,000	-422,000	2,933,000	11,312,000	7,656,000	6,016,000	874,000	1,252,000	-979,000	-10,128,000	20,429,000	-14,641,000	-15,223,000	25,799,000	3,607,000	-8,117,000	-8,541,000	-14,607,000	-2,529,000	3,262,000	10,912,000	840,000	10,746,000	27,240,000	2,966,000	8,602,000	-17,184,000	176,000	-848,000
net cash from operating activities	1,746,000,000	1,627,000,000	1,467,000,000	897,000,000	1,573,000,000	1,328,000,000	1,115,995,000	659,740,000	1,391,347,000	1,309,918,000	576,598,000	-44,534,000	478,640,000	-528,847,000	-205,046,000	-403,215,000			-825,398,000	-857,432,000	-2,247,533,000	198,710,000	609,298,000	911,541,000	1,117,073,000	1,078,454,000	732,155,000	815,398,000	1,007,464,000	924,122,000	419,965,000	795,321,000	862,754,000	796,526,000	515,738,000	730,040,000	793,016,000	477,896,000	338,430,000	567,591,000	613,918,000	426,427,000	284,195,000	578,635,000	565,143,000	315,786,000	181,964,000	557,316,000	431,531,000	241,257,000	588,737,000	368,304,000	215,215,000	183,021,000	505,976,000	481,323,000	285,419,000	227,112,000	425,005,000	597,978,000	412,924,000	181,102,000	320,921,000	228,950,000	113,908,000	26,491,000	283,333,000	459,628,000	301,803,000	108,641,000
capex	-836,000,000	-428,000,000	-552,000,000	-334,000,000	-2,140,000,000	-242,000,000	-2,568,357,000	-280,254,000	-797,987,000	-232,612,000	-164,797,000	-232,682,000	-954,661,000	-1,363,086,000	-575,433,000	-378,378,000			-391,890,000	-181,350,000	-104,033,000	-1,223,532,000	-682,768,000	-475,754,000	-1,396,025,000	-470,116,000	-1,150,901,000	-296,247,000	-492,648,000	-1,720,232,000	-176,803,000	-115,794,000	-148,758,000	-122,783,000	-180,532,000	-266,636,000	-1,797,355,000	-249,840,000	-252,703,000	-209,021,000	-846,972,000	-304,644,000	-1,252,380,000	-216,546,000	-164,681,000	-177,791,000	0	0	0	-132,001,000	-106,558,000	-145,516,000	-177,235,000	-143,524,000	-778,537,000	-185,261,000	-66,304,000	-1,261,363,000	-78,285,000	-681,144,000	-166,397,000	-1,324,459,000	-829,501,000	-104,250,000	-219,339,000	-810,187,000	-100,179,000	0	0	-92,316,000
free cash flows	910,000,000	1,199,000,000	915,000,000	563,000,000	-567,000,000	1,086,000,000	-1,452,362,000	379,486,000	593,360,000	1,077,306,000	411,801,000	-277,216,000	-476,021,000	-1,891,933,000	-780,479,000	-781,593,000			-1,217,288,000	-1,038,782,000	-2,351,566,000	-1,024,822,000	-73,470,000	435,787,000	-278,952,000	608,338,000	-418,746,000	519,151,000	514,816,000	-796,110,000	243,162,000	679,527,000	713,996,000	673,743,000	335,206,000	463,404,000	-1,004,339,000	228,056,000	85,727,000	358,570,000	-233,054,000	121,783,000	-968,185,000	362,089,000	400,462,000	137,995,000	181,964,000	557,316,000	431,531,000	109,256,000	482,179,000	222,788,000	37,980,000	39,497,000	-272,561,000	296,062,000	219,115,000	-1,034,251,000	346,720,000	-83,166,000	246,527,000	-1,143,357,000	-508,580,000	124,700,000	-105,431,000	-783,696,000	183,154,000	459,628,000	301,803,000	16,325,000
investing activities
purchases of property and equipment	-836,000,000	-428,000,000	-552,000,000	-334,000,000	-2,140,000,000	-242,000,000	-2,568,357,000	-280,254,000	-796,456,000	-251,933,000	-166,797,000	-225,519,000	-954,661,000	-1,363,086,000	-575,433,000	-368,096,000	-224,484,000	-1,061,691,000	-391,890,000	-181,350,000	-139,337,000	-1,252,554,000	-682,768,000	-475,754,000	-1,396,025,000	-470,116,000	-1,150,901,000	-296,247,000	-492,648,000	-1,720,232,000	-176,803,000	-115,794,000	-148,758,000	-122,783,000	-180,532,000	-266,636,000	-1,797,355,000	-249,840,000	-252,703,000	-209,021,000	-846,972,000	-304,644,000	-1,252,380,000	-216,546,000	-164,681,000	-177,791,000				-178,376,000	-106,558,000	-145,516,000	-177,235,000	-143,524,000	-778,537,000	-185,261,000	-66,304,000	-1,261,363,000	-78,285,000	-681,144,000	-166,397,000	-1,324,459,000	-829,501,000	-104,250,000	-219,339,000	-810,187,000	-100,179,000			-92,316,000
cash received on settlement of derivative financial instruments			0	2,000,000			11,904,000	5,515,000	12,176,000	5,405,000	9,592,000	6,885,000	30,423,000	5,650,000	16,995,000	2,731,000	21,008,000	3,758,000	12,103,000	2,213,000	426,000	1,132,000	1,179,000	238,000	401,000	5,803,000	2,521,000	4,813,000	4,708,000	64,487,000				13,812,000										0	0	22,835,000					65,038,000	-3,381,000	8,027,000					0	0	172,247,000	746,000	4,866,000	56,661,000	22,645,000	26,658,000	13,477,000	2,466,000	99,370,000	154,502,000
cash paid on settlement of derivative financial instruments	-9,000,000	-2,000,000	-69,000,000	31,000,000	-57,000,000	-35,000,000	-19,728,000	-52,312,000	-8,302,000	-5,658,000	33,478,000	-124,340,000	-187,194,000	-77,853,000	-19,333,000	-20,795,000	-6,759,000	-27,362,000	-21,395,000	-22,422,000	-20,943,000	-96,575,000	17,835,000	-30,913,000	-55,080,000	-678,000	-47,183,000	-15,993,000							-40,324,000	-11,571,000			-19,707,000				-53,290,000
investments in and loans to unconsolidated affiliates	-51,000,000	-26,000,000	-20,000,000	-27,000,000	-11,000,000	-9,000,000	-9,003,000					0			-144,000	0	285,000	-70,369,000	-12,666,000	0	-85,943,000	-2,000,000	-18,680,000	-3,843,000			-11,978,000								-544,000				-1,913,000	0	0	-54,250,000
cash received on loans from unconsolidated affiliates	66,000,000	4,000,000		4,000,000	4,000,000	5,000,000
proceeds from sale of unconsolidated affiliates
net cash from investing activities	-706,000,000	-440,000,000	-641,000,000	-311,000,000	-2,198,000,000	-296,000,000	-2,573,788,000	-327,063,000	-788,049,000	-234,100,000	-116,815,000	-343,404,000	-1,084,406,000	-1,443,141,000	-584,505,000	-376,559,000	-216,115,000	-967,560,000	-389,873,000	-197,216,000	-250,300,000	-1,341,177,000	-689,062,000	-502,939,000	-1,448,957,000	-450,448,000	-1,130,546,000	-1,217,631,000	-495,836,000	-1,645,145,000	-135,581,000	-85,679,000	-115,932,000	123,600,000	-207,333,000	-305,109,000	-1,975,704,000	-236,746,000	-273,266,000	-253,137,000	-816,996,000	-399,576,000	-1,425,563,000	-18,972,000	-128,473,000	-197,370,000				-193,513,000	-70,154,000	-154,726,000	-158,443,000	-149,327,000	-821,197,000	-171,792,000	217,751,000	-1,348,514,000	-76,476,000	-694,201,000	-168,727,000	-1,336,476,000	-767,057,000	-110,528,000	-60,396,000	-767,494,000	-121,944,000			11,474,000
financing activities
debt proceeds	250,000,000	480,000,000	960,000,000	4,660,000,000	2,519,000,000	2,179,000,000	5,832,823,000	600,000,000	503,177,000	705,000,000	2,579,600,000	3,376,000,000	1,481,597,000	2,349,969,000	323,712,000	1,000,000,000	650,000,000	2,494,077,000	875,000,000	0	5,620,000,000	7,052,189,000	445,000,000	331,000,000	2,432,754,000	316,810,000	1,964,445,000	2,696,973,000	1,384,585,000	2,544,737,000	2,184,966,000	1,446,000,000	1,230,000,000	1,006,000,000	1,300,000,000	737,999,000	3,781,561,000	1,519,000,000	1,437,000,000	586,500,000	1,626,201,000	749,800,000	2,236,408,000	71,350,000	286,200,000	1,560,000,000	930,000,000	0	1,399,464,000	120,000,000	570,000,000	200,000,000	145,000,000	170,000,000	705,926,000	216,941,000	485,501,000		0	946,036,000	135,033,000		916,650,000	75,000,000	813,000		45,577,000	753,105,000	345,000,000
debt issuance costs	-25,000,000	-3,000,000	-13,000,000	-33,000,000	-68,000,000	-19,000,000	-137,850,000	-3,540,000	-25,397,000	-27,213,000	-29,101,000	-88,841,000	-40,183,000	-93,763,000	-42,551,000	-48,387,000	-28,645,000	-82,115,000	-26,597,000	-71,123,000	-214,649,000	-62,346,000	-7,857,000	-7,037,000	-31,779,000	-3,675,000	-27,184,000	-6,240,000	-7,191,000	-41,344,000	-25,603,000	-11,412,000	-4,192,000	-10,383,000	-4,448,000	-13,387,000	-47,840,000	-22,566,000	-10,874,000	-15,975,000	-24,678,000	-16,493,000	-23,333,000	-16,014,000	-10,986,000	-22,641,000				-15,516,000	-26,460,000	-5,470,000	-16,260,000	-3,762,000	-52,026,000	-17,095,000	-11,498,000	-33,544,000	-20,309,000	-20,866,000	-16,063,000	-25,338,000	-20,363,000	-15,351,000	-105,000	-10,472,000	-1,394,000			-12,000
repayments of debt	-724,000,000	-1,221,000,000	-1,682,000,000	-4,995,000,000	-1,867,000,000	-3,107,000,000	-4,260,034,000	-1,056,865,000	-1,585,436,000	-2,663,665,000	-2,593,245,000	-3,428,516,000	-699,175,000	-1,007,632,000	-84,480,000	-1,027,020,000	-757,512,000	-427,978,000	-414,888,000	-5,858,000	-2,502,520,000	-921,867,000	-635,905,000	-415,446,000	-1,862,219,000	-1,146,674,000	-1,129,909,000	-2,803,658,000	-1,635,722,000	-1,394,222,000	-2,236,889,000	-1,908,308,000	-1,849,488,000	-1,840,402,000	-1,547,308,000	-1,079,357,000	-2,356,635,000	-1,382,270,000	-1,231,316,000	-895,005,000	-1,405,121,000	-587,111,000	-765,791,000	-624,031,000	-696,250,000	-1,638,146,000				-106,137,000	-688,184,000	-443,775,000	-131,810,000	-392,632,000	-409,613,000	-432,532,000	-944,269,000	-222,166,000	-209,171,000	-790,332,000	-378,596,000	-144,111,000	-476,708,000	-326,146,000	-1,502,000	-224,721,000	-251,192,000			-290,697,000
premium on repayment of debt	0	-2,000,000	-2,000,000	-186,000,000	0	-104,000,000									0
repurchase of common stock	0	-241,000,000
dividends paid	-200,000,000	-148,000,000																	0	0	-162,858,000	-163,563,000	-163,131,000	-146,346,000	-146,380,000	-146,817,000	-146,029,000	-126,820,000	-126,805,000	-127,840,000	-128,293,000	-103,123,000	-103,097,000	-102,942,000	-102,930,000	0	-80,667,000	-162,890,000	-82,494,000	0	-65,973,000	-131,745,000	-67,095,000	0	-55,593,000	-76,264,000				-27,735,000	0	-21,787,000	-43,506,000	0												0	-32,028,000
net cash from financing activities	-696,000,000	-1,191,000,000	-852,000,000	-559,000,000	580,000,000	-1,091,000,000	1,352,434,000	-457,292,000	-1,103,967,000	-1,784,175,000	-91,927,000	-146,863,000	742,032,000	1,237,731,000	202,018,000	-180,433,000	-164,932,000	3,183,924,000	1,880,026,000	-74,444,000	2,753,994,000	4,790,212,000	44,538,000	-366,012,000	318,784,000	-667,681,000	432,319,000	551,797,000	-497,896,000	711,853,000	-306,086,000	-700,217,000	-725,099,000	-944,394,000	-353,141,000	-403,513,000	1,247,225,000	-246,762,000	-82,592,000	-322,023,000			1,149,713,000	-557,267,000	-467,461,000	-107,505,000				-25,672,000	-486,405,000	-270,471,000	-44,595,000	-225,503,000	233,312,000	-231,656,000	-452,668,000	1,098,278,000	-228,655,000	137,962,000	-250,625,000	1,155,801,000	422,975,000	-265,209,000	-1,361,000	844,637,000	-243,566,000	443,333,000	38,982,000	-291,908,000
effect of exchange rate changes on cash and cash equivalents	5,000,000	2,000,000	-4,000,000	0	-1,000,000	-1,000,000		-1,692,000	222,000	223,000		-1,191,000
net increase in cash and cash equivalents													133,701,000	-733,266,000	-587,556,000	-961,043,000	-841,094,000	1,406,989,000	667,686,000	-1,129,903,000	255,880,000	3,647,073,000	-32,992,000				33,031,000				-19,838,000	9,473,000			-45,825,000	-11,257,000	72,325,000	-4,205,000				40,464,000	6,060,000	-2,081,000	-31,246,000	11,821,000	-4,880,000	4,393,000	-10,714,000	21,033,000	29,028,000	-65,324,000	15,347,000	-189,274,000	-100,000,000	81,202,000	50,329,000	-22,001,000	123,110,000	40,716,000	-6,515,000	-1,244,000	-23,895,000	-146,126,000	53,006,000	100,915,000	-85,195,000	-53,969,000	210,343,000	-181,122,000
cash and cash equivalents at beginning of period	0	388,000,000		0	0	497,000,000		0	0	1,935,005,000		0				0	0	3,684,474,000		0	0	243,738,000		0	0	287,852,000		0	0	120,112,000		0	0	132,603,000		0	0	121,565,000		0	0	189,241,000		0	0	204,687,000		0	0	194,855,000	0	0	262,186,000		0	0	419,929,000		0	0	284,619,000		0	0	402,878,000		0	0	230,784,000
cash and cash equivalents at end of period	349,000,000	386,000,000		27,000,000	-46,000,000	437,000,000		-126,307,000	-500,447,000	1,226,871,000		-535,992,000				-961,043,000	-841,094,000	5,091,463,000		-1,129,903,000	255,880,000	3,890,811,000		41,729,000	-13,196,000	248,197,000		145,823,000	-2,247,000	111,245,000		9,473,000	21,168,000	109,309,000		3,264,000	57,804,000	117,360,000		-11,941,000	-70,345,000	229,705,000		-2,081,000	-31,246,000	216,508,000		4,393,000	-10,714,000	215,888,000	29,028,000	-65,324,000	277,533,000		-100,000,000	81,202,000	470,258,000		123,110,000	40,716,000	278,104,000		-23,895,000	-146,126,000	455,884,000		-85,195,000	-53,969,000	441,127,000
net deferred income tax benefit		-1,000,000					-5,277,000	3,416,000	5,227,000	-11,366,000	-7,231,000	-5,140,000	-6,138,000	-3,067,000		-22,945,000
net decrease in cash and cash equivalents		-2,000,000	-30,000,000	27,000,000	-46,000,000	-60,000,000	-103,112,000	-126,307,000	-500,447,000	-708,134,000															-13,196,000	-39,655,000			-2,247,000	-8,867,000				-23,294,000						-11,941,000
gain on derivative instruments not designated as hedges					5,000,000	35,000,000					-75,701,000	88,441,000									-36,485,000	120,765,000				-4,780,000	19,751,000	11,647,000	37,560,000	-7,810,000				-13,812,000							-11,181,000	28,083,000					10,653,000
equity investment (income) loss									-42,014,000	-20,471,000	-26,936,000
decrease (increase) in trade and other receivables							-32,199,000	-666,000	8,925,000	122,940,000									-12,714,000	38,896,000	10,295,000	84,578,000																				18,095,000																55,302,000										-12,884,000	81,033,000
increase in inventories			0				-6,494,000				13,170,000	-8,078,000	-49,642,000	-29,242,000	-7,816,000	-9,520,000	-13,483,000	-3,708,000				-15,598,000	5,107,000	796,000	-10,070,000	-4,366,000	-2,089,000	-11,275,000							4,700,000					9,146,000	-14,908,000	-2,615,000										690,000	-3,141,000	7,067,000	-8,174,000	-4,658,000	-12,658,000	-14,019,000	-648,000	-982,000	-4,625,000	1,244,000	-6,227,000			18,388,000	1,813,000			-7,892,000
increase in accounts payable											-4,592,000	-142,497,000	109,320,000	112,426,000	81,303,000	69,142,000	45,572,000	-7,499,000	-43,509,000	-208,704,000	-732,944,000	851,342,000	24,270,000	7,417,000	34,751,000	8,843,000	56,304,000	-23,409,000	-51,625,000	110,467,000	-40,656,000	7,802,000	13,261,000	56,373,000			-27,342,000	68,515,000			5,327,000	9,341,000	-6,983,000				-24,458,000				34,488,000	26,611,000	-14,263,000	-17,743,000	-18,121,000	7,569,000	85,050,000	-32,401,000	-6,728,000			-5,491,000	4,245,000							28,128,000
increase in accrued expenses and other liabilities							260,065,000											-134,113,000	-92,543,000	-70,826,000	-127,550,000	110,440,000	15,464,000	46,970,000			58,793,000				21,345,000	60,059,000			-2,498,000	1,377,000			30,196,000	51,032,000	14,207,000	-53,681,000	21,965,000	2,870,000	38,151,000	7,579,000	-36,210,000							-9,062,000				13,461,000				-16,232,000	55,076,000			-21,882,000	76,791,000			-62,676,000
cash received on loans to unconsolidated affiliates									5,547,000	5,392,000	4,620,000	5,330,000	4,256,000	4,444,000	5,687,000	5,520,000	7,608,000	12,519,000	5,505,000	5,340,000	5,081,000	5,160,000	5,173,000	8,188,000	7,685,000	11,824,000	74,737,000	11,894,000	23,654,000	13,953,000	30,670,000	8,146,000	18,476,000	5,011,000	15,743,000	7,547,000	7,819,000	7,104,000	1,543,000	2,413,000
proceeds from sale of noncontrolling interest							-320,000	0	0	209,320,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
loss on derivative instruments not designated as hedges														10,873,000				491,000																	39,317,000	2,374,000			9,555,000
loss on extinguishment of debt					17,000,000	116,000,000	39,559,000	37,923,000	30,229,000	13,289,000	77,361,000				0								0	0
proceeds from the sale of property and equipment and other assets											355,000	-9,000	10,000	65,000	600,000	0	0	175,439,000
repayments of commercial paper notes															0	0	0	-414,570,000	0	0	-343,610,000	-7,494,025,000	-5,928,823,000	-6,603,500,000	-8,369,580,000	-4,711,208,000	-2,794,450,000
proceeds from common stock issuances															0	0	4,626,000	1,617,234,000
effect of exchange rate changes on cash														991,000	-23,000	-836,000	324,000	-192,000	2,931,000	-811,000	-281,000	-672,000	2,234,000	-861,000	-96,000	20,000	-897,000	-3,741,000	-15,979,000	303,000	1,864,000	48,000	-555,000	974,000	-1,089,000	-32,675,000	7,788,000	1,407,000	-8,426,000	-4,372,000	1,283,000	-6,040,000	-2,285,000	-4,477,000	-455,000	910,000	-1,698,000	420,000	1,245,000	-1,039,000	-3,150,000	-8,431,000	3,170,000	2,535,000	-18,091,000	3,327,000	-173,000	1,123,000	3,236,000	-1,023,000	-87,000	-1,671,000	-734,000	661,000	855,000	-2,719,000	-3,018,000	-537,000	976,000	-9,329,000
supplemental disclosures
cash paid during the year for:
interest, net of amount capitalized									170,729,000	389,294,000	207,284,000	327,504,000			203,505,000	248,279,000	153,584,000	228,877,000			121,597,000	31,481,000	66,815,000	37,536,000	104,858,000	37,103,000	98,235,000	40,170,000	97,108,000	16,953,000		22,782,000	100,711,000	24,296,000	116,440,000	23,804,000	97,861,000	18,670,000		31,572,000	86,425,000	33,664,000	68,622,000	34,841,000	79,265,000	94,205,000		33,481,000	111,059,000	88,229,000	48,339,000	93,276,000	101,065,000	91,267,000	46,187,000	100,663,000	122,775,000	86,793,000	51,396,000	85,351,000	73,937,000	82,585,000	34,017,000	100,972,000	70,884,000	95,034,000	53,724,000	84,657,000	87,791,000	94,211,000
non-cash investing activities
notes receivable issued upon sale of property and equipment and other assets															0	0	0	16,000,000
purchases of property and equipment included in accounts payable and accrued expenses and other liabilities
acquisition of property and equipment from assumed debt											2,000,000
non-cash financing activities
debt related to acquisition of property and equipment											2,000,000
decrease (increase) in inventories									5,385,000	2,716,000									7,402,000	10,164,000																	1,120,000	274,000					12,354,000						4,527,000	152,000															2,959,000
increase in accrued liabilities
supplemental disclosure
cash paid during the period for:
purchase of property and equipment included in accounts payable and accrued expenses and other liabilities									-1,531,000	19,321,000		-7,163,000				-10,282,000	6,325,000	26,882,000			35,304,000	29,022,000
impairment and credit losses											1,146,000	10,186,000	-10,943,000	173,000	42,067,000	-238,000	40,621,000	-449,000	211,866,000	89,899,000	156,497,000	1,108,118,000
amortization of debt issuance costs											30,483,000	41,299,000	37,667,000	39,341,000	30,605,000	22,011,000	36,919,000	35,581,000	34,555,000	26,080,000	21,012,000	7,795,000	7,837,000	3,687,000	10,101,000	10,366,000	10,322,000	15,373,000	6,175,000	10,108,000	8,381,000	11,527,000	12,779,000	13,256,000
amortization of debt discounts and premiums											2,328,000	3,924,000	3,877,000	3,849,000	29,922,000	36,908,000	27,305,000	29,304,000	37,715,000
currency translation adjustment losses																				0
change in fair value of contingent consideration																			0	-521,000	6,414,000	-51,019,000	7,700,000	0
increase in accrued interest											114,802,000	-27,602,000	38,282,000	11,373,000	2,991,000	-21,360,000	33,401,000	-15,726,000	18,294,000	112,170,000	7,466,000	44,648,000	-54,471,000	49,248,000	-44,818,000	45,581,000	-26,962,000	32,029,000	-29,213,000	42,919,000	-45,445,000	41,262,000	-39,720,000	45,206,000	-48,946,000	47,697,000	-33,474,000	42,564,000		29,209,000	-23,776,000	28,774,000												-14,183,000				6,200,000				1,962,000				-9,253,000
proceeds from issuance of commercial paper notes																			0	77,000	368,952,000	6,396,787,000	6,433,123,000	6,471,881,000	8,295,702,000	5,039,834,000	2,564,295,000
purchase of silversea cruises non-controlling interest
termination of silversea cruises contingent consideration obligation
common stock issuances pending cash settlement and included in trade receivables
royal caribbean cruises ltd.
consolidated statements of cash flows
non-cash financing activity
equity investment loss													13,179,000	31,059,000	-1,575,000	29,085,000	48,088,000	59,871,000	73,028,000	78,013,000	51,853,000	10,392,000
gain on extinguishment of debt
net deferred income tax (benefit) expense																		-3,556,000	-4,205,000	-1,920,000							247,000	-2,033,000	611,000	-1,504,000									3,465,000			-520,000
dividends received from unconsolidated affiliates																			0	224,000	0	1,991,000	1,892,000	67,713,000	38,137,000	42,435,000	1,404,000	82,755,000	121,024,000	37,918,000	2,410,000	49,865,000	29,405,000	27,997,000	4,572,000	47,492,000																		0
purchase of treasury stock
(gain) loss on extinguishment of debt
net cash (used) provided by operating activities																		-809,183,000
loss on extinguishment of secured senior term loan																			0	774,000
recognition of deferred currency translation adjustment loss on sale of assets
gain on sale of unconsolidated affiliate																											0	0
recognition of deferred gain																											0	0
decrease (increase) in prepaid expenses and other assets																					225,005,000	24,476,000	-26,088,000								10,648,000				9,035,000
proceeds from the sale of property and equipment																						5,256,000										0	0	230,000,000
proceeds from the sale of unconsolidated affiliate																											0	0
acquisition of silversea cruises, net of cash acquired																											0
contingent consideration for the acquisition of silversea cruises																											0
notes receivable issued upon sale of property and equipment																					47,125,000	6,294,000													0	0
acquisition of silversea cruises non-controlling interest
amortization of commercial paper notes discount																				601,000	53,000	6,615,000	7,680,000
decrease in prepaid expenses and other assets
proceeds from exercise of common stock options																				0	2,000	384,000	290,000	1,187,000	24,000	241,000	58,000	144,000	199,000	3,863,000	26,000	114,000	285,000	2,100,000	476,000	270,000	167,000	1,345,000	4,350,000	1,835,000	452,000	4,615,000	4,994,000	10,947,000	8,308,000	46,630,000	16,499,000	6,708,000	3,579,000	3,339,000	1,935,000	211,000	1,557,000	516,000	1,024,000	664,000	17,259,000	14,356,000	425,000	2,777,000	8,600,000	279,000				161,000	284,000	584,000	2,788,000	2,700,000
share-based compensation income																						-7,428,000
impairment losses																											0	0
gain on sale of property and equipment																															0	0	0	-30,902,000
purchases of treasury stock																												-205,563,000	-94,438,000	-275,038,000						-49,908,000	-50,011,000	-200,040,000
decrease in trade and other receivables																																-16,800,000			-5,064,000	-24,106,000	23,835,000	10,094,000	38,972,000	-30,142,000			30,262,000	53,930,000			81,123,000	-6,806,000	18,827,000	2,257,000	-14,167,000	35,582,000	21,069,000		-8,741,000	28,155,000	35,648,000			37,996,000	89,135,000			-18,112,000	64,954,000
impairment loss related to skysea holding																														23,343,000
impairment of pullmantur related assets																																							0
cash received (paid) on settlement of derivative financial instruments																															6,220,000	22,138,000						13,101,000							13,860,000	4,236,000								-3,865,000	-5,078,000
proceeds from sale of property and equipment
less: cash and cash equivalents attributed to assets held for sale
loss on sale of property and equipment
decrease in accounts payable																																													-27,905,000	-13,323,000				-13,043,000											-21,437,000				-2,304,000
restructuring related impairments
loss on extinguishment of unsecured senior notes																																															0
decrease in accrued interest																																													-27,017,000	-32,002,000				-2,528,000	35,072,000	-15,083,000	-22,294,000			-14,404,000	-46,249,000			-9,159,000	-33,341,000			-27,621,000	-20,306,000
cash (paid) received on settlement of derivative financial instruments																																									-73,339,000	-45,182,000								-8,747,000								-89,804,000	5,600,000
cash received on loan to unconsolidated affiliate																																										8,280,000	0	10,029,000
net cash provided (used) in financing activities																																										19,653,000
loss on sale of ship																																											0
proceeds from sale of ships
purchase of property and equipment through asset trade-in
investments in unconsolidated affiliates																																												-863,000	-34,625,000	-34,260,000
proceeds from sale of ship
non cash investing activities
cash payments received from loan to unconsolidated affiliate																																														11,610,000
purchase of property and equipment through asset trade in
net deferred tax expense related to pullmantur impairment
cash payments received on loan to unconsolidated affiliate																																															0	11,379,000	0	11,993,000
equity contribution to unconsolidated affiliate																																																		-19,487,000
purchases of property and equipment through asset trade in																																																	0	46,375,000
gain on fuel call options																																																			-1,799,000	10,151,000	-2,681,000
dividends received from unconsolidated affiliate
loan to unconsolidated affiliate
proceeds from the sale of ships																																																							0	0	345,000,000
extinguishment of unsecured senior notes
(gain) loss on fuel call options																																																						-7,219,000	13,102,000
cash received on early settlement of derivative financial instruments
loans and equity contributions to unconsolidated affiliates																																																														0	0	-29,474,000	-152,209,000	-10,894,000
loans to unconsolidated affiliates																																																							-40,978,000	-13,150,000	-56,532,000
unrealized (gain) loss on fuel call options																																																									-24,170,000
proceeds from sale of celebrity galaxy
proceeds from sale of investment in island cruises
proceeds from issuance of debt
non-cash investing transactions
we accrued for purchases of property and equipment paid in 2009
proceeds from the sale of celebrity galaxy																																																															0	0	290,928,000
repayment of notes from tui travel
accretion of original issue discount on debt																																																																						456,000
accreted interest paid on lyons repurchase
repayment (purchase) of notes from tui travel
purchase of pullmantur, net of cash acquired
the accompanying notes are an integral part of these consolidated financial statements.
cumulative effect of a change in accounting principle
gain on redemption of investment
purchases of short-term investments
proceeds from sale of short-term investments
proceeds from redemption of investment
dividends																																																																						-31,959,000
purchases of notes from first choice holidays plc
net proceeds from issuance of debt
accretion of original issue discount
repayments of long-term debt
proceeds from exercise of stock options
proceeds from issuance of long-term debt
noncash investing and financing activities:
acquisition of vessel through debt
investment in convertible preferred stock
net proceeds from ship transfer to joint venture
acquisition of ship through debt

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