Royal Caribbean Group(NYSE:RCL) 
Royal Caribbean Group operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of December 31, 2020, ...
Website: http://www.rclcorporate.com
Founded: 1968
Full Time Employees: 85,300
Sector: Consumer Cyclical
Industry: Travel Services
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At a glance:
- Demand and Pricing Remain Strong: Royal Caribbean has continued to benefit from solid close-in demand and strong onboard revenue trends, supporting higher yields versus pre-pandemic levels.
- Earnings and Margins Improving with Occupancy Recovery: Occupancy levels have largely normalized, and operating leverage from higher load factors and better pricing has helped expand margins and improve profitability.
- Deleveraging Still a Key Focus: The company took on significant debt during the pandemic; while cash generation has improved, reducing leverage and refinancing maturities remain central to the investment story.
- Fuel and Cost Inflation Are Ongoing Swing Factors: Results remain sensitive to fuel prices, itinerary changes, and broader cost inflation; hedging and pricing power can offset some, but not all, variability.
- New Ship Deliveries Support Growth but Require Disciplined Capital Allocation: A robust newbuild pipeline can drive capacity and guest experience improvements, but sustaining returns depends on demand durability, ship-level economics, and balanced spending on capex vs. debt reduction.
Bull Thesis:
- Robust Post-Pandemic Demand & Pricing Power: Royal Caribbean continues to benefit from strong pent-up demand for leisure travel, leading to high occupancy rates and the ability to increase ticket prices and onboard spending. Booking volumes and pricing are exceeding pre-pandemic levels, indicating sustained consumer appetite for cruising and strong revenue per passenger.
- Fleet Modernization & Innovation Driving Growth: The introduction of new, larger, and more innovative ships, such as the Icon of the Seas, attracts new customers and allows for premium pricing. These ships offer enhanced amenities, improved efficiency, and expanded capacity, contributing to higher revenue per passenger and overall profitability.
- Strategic Destination Development & Ancillary Revenue: Investments in private destinations like 'Perfect Day at CocoCay' create unique selling propositions and drive significant ancillary revenue. These exclusive experiences enhance customer loyalty, differentiate Royal Caribbean from competitors, and encourage higher onboard spending, boosting overall yield.
- Improving Financial Health & Debt Reduction Efforts: The company is actively working to deleverage its balance sheet, which was significantly impacted by the pandemic. Strong cash flow generation from operations is being directed towards debt reduction, improving interest coverage ratios and overall financial stability, which could lead to credit rating upgrades.
Bear Thesis:
- Elevated Debt Levels & High Interest Expense: Royal Caribbean still carries a substantial debt load accumulated during the pandemic, leading to significant interest expenses that can weigh on profitability, especially in a rising interest rate environment. This limits financial flexibility for future investments or shareholder returns.
- Macroeconomic Sensitivity & Consumer Discretionary Spending: Cruising is a discretionary luxury, making Royal Caribbean highly susceptible to economic downturns, inflation, and changes in consumer spending habits. A weakening global economy, reduced consumer confidence, or job losses could impact booking volumes and pricing power.
- Geopolitical Risks & Fuel Price Volatility: Geopolitical events (e.g., conflicts, trade disputes, Red Sea disruptions) can force itinerary changes, increase operating costs, and deter travel. Furthermore, fuel is a major operating expense, and volatile oil prices can significantly impact the company's profitability despite hedging strategies.
- Environmental & Regulatory Scrutiny: The cruise industry faces increasing pressure regarding its environmental impact (e.g., emissions, waste management). Stricter regulations, potential carbon taxes, or negative public perception could lead to higher operating costs, significant capital expenditures for compliance, or reputational damage.
Main Competitors:
- Carnival Corporation & plc ($CCL) (Carnival Cruise Line, Princess Cruises, Holland America Line, etc.), As the largest cruise company globally, Carnival competes directly with Royal Caribbean across virtually all segments and geographies. Through its diverse portfolio of brands (e.g., Carnival, Princess, Holland America, Costa), it offers a wide range of price points, itineraries, and onboard experiences from contemporary to premium and luxury, vying for market share, passenger volume, and new ship innovation.
- Norwegian Cruise Line Holdings Ltd. ($NCLH) (Norwegian Cruise Line, Oceania Cruises, Regent Seven Seas Cruises), A major global cruise operator, NCLH competes with Royal Caribbean across contemporary, premium, and luxury segments. Norwegian Cruise Line is known for its 'Freestyle Cruising' concept, offering flexibility in dining and entertainment, directly appealing to a similar demographic seeking a less structured vacation experience. Its premium and luxury brands (Oceania, Regent) also compete with Royal Caribbean's Celebrity and Silversea brands.
- MSC Cruises (MSC Cruises), A rapidly growing global cruise line, particularly strong in Europe, South America, and the Middle East, MSC Cruises competes with Royal Caribbean by offering modern, family-friendly ships, diverse itineraries, and a strong focus on international appeal. They are aggressively expanding their fleet and global presence, directly challenging Royal Caribbean's market share, especially in international markets.
- Virgin Voyages (Virgin Voyages), A newer entrant to the cruise market, Virgin Voyages targets a distinct 'adults-only' demographic, offering a boutique, stylish, and often more inclusive experience (e.g., tips, basic beverages, Wi-Fi included). While smaller, they compete by attracting a younger, more affluent, and experience-seeking traveler who might otherwise consider Royal Caribbean's more premium or adult-focused offerings, challenging traditional cruise norms.
Moat:
Royal Caribbean Group operates in an oligopolistic market dominated by a few large players. Its competitive moat is built on several pillars: a powerful portfolio of global brands (Royal Caribbean International, Celebrity Cruises, Silversea), significant economies of scale from its large and modern fleet, continuous innovation in ship design and onboard experiences (e.g., Oasis-class ships, private destinations like Perfect Day at CocoCay), and extensive global reach. Competition is fierce, primarily from other major cruise lines like Carnival Corporation and Norwegian Cruise Line Holdings, which vie for market share through fleet expansion, pricing strategies, and differentiated brand offerings. Newer entrants like MSC Cruises and niche players like Virgin Voyages also challenge Royal Caribbean by targeting specific demographics or geographies with unique value propositions. Beyond direct cruise competitors, Royal Caribbean also competes for the broader leisure travel dollar against land-based resorts, theme parks, and other vacation options.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2007-09-30 | 2004-12-31 | 2004-04-03 | 2004-03-31 | 2004-01-29 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2002-12-31 | 2002-05-07 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
passenger ticket revenues | 3,021,000,000 | 2,936,000,000 | 3,637,000,000 | 3,199,000,000 | 2,744,000,000 | 2,599,000,000 | 3,471,000,000 | 2,887,000,000 | 2,542,000,000 | 2,286,497,000 | 2,941,481,000 | 2,443,506,000 | 1,896,516,000 | 1,702,457,000 | 2,020,974,000 | 1,418,203,000 | 651,858,000 | 617,393,000 | 280,153,000 | 22,785,000 | 20,844,000 | 17,492,000 | 3,204,000 | 107,022,000 | 1,376,851,000 | 1,784,458,000 | 2,344,779,000 | 2,017,836,000 | 1,709,984,000 | 1,651,591,000 | 2,042,911,000 | 1,672,570,000 | 1,425,644,000 | 1,420,410,000 | 1,893,152,000 | 1,581,385,000 | 1,418,223,000 | 1,354,670,000 | 1,899,956,000 | 1,516,530,000 | 1,378,167,000 | 1,370,632,000 | 1,873,942,000 | 1,507,468,000 | 1,306,779,000 | 4,107,101,000 | 1,786,746,000 | 1,455,099,000 | 1,348,203,000 | 1,290,176,000 | 1,672,051,000 | 1,366,713,000 | 1,393,778,000 | 1,635,033,000 | 1,332,207,000 | 1,352,238,000 | 1,268,270,000 | 1,734,328,000 | 1,296,789,000 | 1,226,517,000 | 1,146,108,000 | 1,520,562,000 | 1,159,453,000 | 1,082,521,000 | 1,029,236,000 | 1,270,610,000 | 956,593,000 | 949,270,000 | 3,232,068,000 | 1,498,221,000 | 1,140,077,000 | 1,037,903,000 | 1,066,798,000 | 3,360,586,000 | 2,775,055,000 | 790,093,000 | ||||||||
onboard and other revenues | 1,431,000,000 | 1,322,000,000 | 1,502,000,000 | 1,339,000,000 | 1,255,000,000 | 1,162,000,000 | 1,415,000,000 | 1,223,000,000 | 1,186,000,000 | 1,044,922,000 | 1,218,972,000 | 1,079,476,000 | 988,630,000 | 901,535,000 | 972,101,000 | 766,039,000 | 407,373,000 | 364,854,000 | 176,805,000 | 28,129,000 | 21,170,000 | 16,646,000 | -36,892,000 | 68,583,000 | 655,899,000 | 732,955,000 | 842,071,000 | 788,795,000 | 729,783,000 | 680,710,000 | 753,276,000 | 665,035,000 | 602,112,000 | 584,057,000 | 676,392,000 | 613,889,000 | 590,337,000 | 554,933,000 | 663,785,000 | 588,732,000 | 539,628,000 | 531,421,000 | 649,158,000 | 550,854,000 | 508,820,000 | 1,577,992,000 | 602,016,000 | 524,944,000 | 539,021,000 | 563,982,000 | 639,698,000 | 516,054,000 | 517,442,000 | 591,357,000 | 488,797,000 | 482,242,000 | 507,131,000 | 587,666,000 | 471,084,000 | 445,478,000 | 458,390,000 | 540,097,000 | 442,244,000 | 403,129,000 | 422,431,000 | 492,932,000 | 392,422,000 | 376,332,000 | 1,237,068,000 | 565,168,000 | 443,697,000 | 391,182,000 | 424,296,000 | 1,297,459,000 | 1,009,194,000 | 271,591,000 | ||||||||
total revenues | 4,452,000,000 | 4,259,000,000 | 5,139,000,000 | 4,538,000,000 | 3,999,000,000 | 3,760,000,000 | 4,886,000,000 | 4,110,000,000 | 3,728,000,000 | 3,331,419,000 | 4,160,453,000 | 3,522,982,000 | 2,885,146,000 | 2,603,992,000 | 2,993,075,000 | 2,184,242,000 | 1,059,231,000 | 982,247,000 | 456,958,000 | 50,914,000 | 42,014,000 | 34,138,000 | -33,688,000 | 175,605,000 | 2,032,750,000 | 2,517,413,000 | 3,186,850,000 | 2,806,631,000 | 2,439,767,000 | 2,332,301,000 | 2,796,187,000 | 2,337,605,000 | 2,027,756,000 | 2,004,467,000 | 2,569,544,000 | 2,195,274,000 | 2,008,560,000 | 1,909,603,000 | 2,563,741,000 | 2,105,262,000 | 1,917,795,000 | 1,902,053,000 | 2,523,100,000 | 2,058,322,000 | 1,815,599,000 | 5,685,093,000 | 2,388,762,000 | 1,980,043,000 | 1,887,224,000 | 1,854,158,000 | 2,311,749,000 | 1,882,767,000 | 1,911,220,000 | 2,226,390,000 | 1,821,004,000 | 1,834,480,000 | 1,775,401,000 | 2,321,994,000 | 1,767,873,000 | 1,671,995,000 | 1,604,498,000 | 2,060,659,000 | 1,601,697,000 | 1,485,650,000 | 1,451,667,000 | 1,763,542,000 | 1,349,015,000 | 1,325,602,000 | 4,469,136,000 | 2,063,389,000 | 1,583,774,000 | 1,429,085,000 | 1,491,094,000 | 4,658,045,000 | 3,784,249,000 | 1,061,684,000 | ||||||||
yoy | 11.33% | 13.27% | 5.18% | 10.41% | 7.27% | 12.86% | 17.44% | 16.66% | 29.21% | 27.94% | 39.00% | 61.29% | 172.38% | 165.11% | 555.00% | 4190.06% | 2421.14% | 2777.28% | -1456.44% | -71.01% | -97.93% | -98.64% | -101.06% | -93.74% | -16.68% | 7.94% | 13.97% | 20.06% | 20.32% | 16.36% | 8.82% | 6.48% | 0.96% | 4.97% | 0.23% | 4.28% | 4.73% | 0.40% | 1.61% | 2.28% | 5.63% | -66.54% | 5.62% | 3.95% | -3.80% | 206.61% | 3.33% | 5.17% | -1.26% | -16.72% | 26.95% | 2.63% | 7.65% | -4.12% | 3.01% | 9.72% | 10.65% | 12.68% | 10.37% | 12.54% | 10.53% | 16.85% | 18.73% | 12.07% | -67.52% | -14.53% | -14.82% | -7.24% | 199.72% | -55.70% | -62.24% | 40.45% | ||||||||||||
qoq | 4.53% | -17.12% | 13.24% | 13.48% | 6.36% | -23.05% | 18.88% | 10.25% | 11.90% | -19.93% | 18.09% | 22.11% | 10.80% | -13.00% | 37.03% | 106.21% | 7.84% | 114.95% | 797.51% | 21.18% | 23.07% | -201.34% | -119.18% | -91.36% | -19.25% | -21.01% | 13.55% | 15.04% | 4.61% | -16.59% | 19.62% | 15.28% | 1.16% | -21.99% | 17.05% | 9.30% | 5.18% | -25.51% | 21.78% | 9.78% | 0.83% | -24.61% | 22.58% | 13.37% | -68.06% | 137.99% | 20.64% | 4.92% | 1.78% | -19.79% | 22.78% | -1.49% | -14.16% | 22.26% | -0.73% | 3.33% | -23.54% | 31.34% | 5.73% | 4.21% | -22.14% | 28.65% | 7.81% | 2.34% | -17.68% | 30.73% | 1.77% | -70.34% | 116.59% | 30.28% | 10.82% | -4.16% | -67.99% | 256.44% | ||||||||||
cruise operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions, transportation and other | 564,000,000 | 546,000,000 | 696,000,000 | 606,000,000 | 522,000,000 | 492,000,000 | 688,000,000 | 572,000,000 | 498,000,000 | 449,988,000 | 632,075,000 | 516,007,000 | 402,930,000 | 392,752,000 | 484,054,000 | 329,859,000 | 150,343,000 | 134,645,000 | 64,780,000 | 5,188,000 | 2,949,000 | 1,993,000 | -3,321,000 | 28,824,000 | 317,129,000 | 377,287,000 | 488,921,000 | 426,934,000 | 363,155,000 | 354,786,000 | 430,039,000 | 358,305,000 | 290,609,000 | 302,994,000 | 409,597,000 | 340,331,000 | 310,248,000 | 289,286,000 | 400,933,000 | 334,568,000 | 324,890,000 | 307,369,000 | 413,156,000 | 355,835,000 | 324,418,000 | 975,869,000 | 396,916,000 | 346,180,000 | 325,865,000 | 296,861,000 | 378,291,000 | 316,506,000 | 322,937,000 | 366,100,000 | 307,697,000 | 320,738,000 | 315,316,000 | 405,674,000 | 299,174,000 | 279,549,000 | 285,566,000 | 350,166,000 | 271,140,000 | 268,650,000 | 256,517,000 | 303,969,000 | 232,552,000 | 235,829,000 | 816,678,000 | 375,638,000 | 284,735,000 | 257,940,000 | 279,238,000 | 844,784,000 | 684,344,000 | 203,904,000 | ||||||||
onboard and other | 212,000,000 | 206,000,000 | 312,000,000 | 262,000,000 | 200,000,000 | 183,000,000 | 289,000,000 | 244,000,000 | 193,000,000 | 168,825,000 | 261,225,000 | 220,315,000 | 158,635,000 | 146,329,000 | 220,216,000 | 155,570,000 | 74,439,000 | 61,164,000 | 42,703,000 | 8,598,000 | 4,481,000 | 5,880,000 | 6,036,000 | 21,579,000 | 123,718,000 | 129,527,000 | 200,656,000 | 174,429,000 | 135,170,000 | 124,550,000 | 171,028,000 | 142,240,000 | 99,537,000 | 100,080,000 | 157,041,000 | 132,437,000 | 105,994,000 | 93,819,000 | 159,887,000 | 136,198,000 | 103,654,000 | 114,546,000 | 175,214,000 | 147,105,000 | 116,239,000 | 400,092,000 | 182,658,000 | 150,606,000 | 123,032,000 | 128,149,000 | 178,269,000 | 140,710,000 | 121,487,000 | 166,356,000 | 130,981,000 | 107,595,000 | 116,469,000 | 181,604,000 | 134,938,000 | 102,490,000 | 105,615,000 | 159,824,000 | 124,190,000 | 90,935,000 | 109,436,000 | 152,579,000 | 112,523,000 | 83,234,000 | 290,240,000 | 168,145,000 | 117,315,000 | 78,520,000 | 88,845,000 | 316,792,000 | 249,537,000 | 57,883,000 | ||||||||
payroll and related | 400,000,000 | 356,000,000 | 342,000,000 | 329,000,000 | 340,000,000 | 342,000,000 | 328,000,000 | 313,000,000 | 318,000,000 | 309,001,000 | 293,629,000 | 284,372,000 | 309,998,000 | 306,673,000 | 304,369,000 | 327,141,000 | 349,618,000 | 307,838,000 | 265,974,000 | 167,640,000 | 96,636,000 | 94,793,000 | 119,213,000 | 243,877,000 | 330,390,000 | 280,027,000 | 263,993,000 | 265,569,000 | 269,532,000 | 250,309,000 | 221,205,000 | 226,315,000 | 227,156,000 | 216,129,000 | 210,764,000 | 210,362,000 | 215,735,000 | 210,936,000 | 214,081,000 | 230,433,000 | 227,441,000 | 213,987,000 | 217,627,000 | 218,570,000 | 211,591,000 | 633,381,000 | 214,260,000 | 209,171,000 | 210,801,000 | 208,979,000 | 213,860,000 | 208,975,000 | 209,923,000 | 201,644,000 | 206,519,000 | 210,114,000 | 211,860,000 | 210,535,000 | 198,794,000 | 204,487,000 | 202,474,000 | 197,070,000 | 188,608,000 | 179,434,000 | 176,476,000 | 171,164,000 | 165,466,000 | 168,746,000 | 487,452,000 | 170,269,000 | 163,343,000 | 154,239,000 | 151,395,000 | 432,686,000 | 426,462,000 | 115,942,000 | ||||||||
food | 264,000,000 | 269,000,000 | 264,000,000 | 246,000,000 | 239,000,000 | 237,000,000 | 251,000,000 | 225,000,000 | 221,000,000 | 205,205,000 | 211,709,000 | 202,695,000 | 199,391,000 | 202,763,000 | 194,966,000 | 155,226,000 | 100,184,000 | 89,771,000 | 48,950,000 | 17,196,000 | 8,472,000 | 7,311,000 | 5,640,000 | 27,483,000 | 121,316,000 | 147,903,000 | 149,621,000 | 146,847,000 | 139,534,000 | 139,560,000 | 133,324,000 | 128,383,000 | 119,642,000 | 123,659,000 | 126,223,000 | 121,764,000 | 121,211,000 | 113,914,000 | 125,732,000 | 124,517,000 | 121,510,000 | 118,692,000 | 122,124,000 | 119,407,000 | 119,786,000 | 357,222,000 | 120,908,000 | 119,184,000 | 118,080,000 | 118,536,000 | 119,104,000 | 112,530,000 | 119,483,000 | 111,315,000 | 109,300,000 | 113,625,000 | 111,758,000 | 113,319,000 | 99,149,000 | 100,082,000 | 101,739,000 | 99,969,000 | 93,850,000 | 92,647,000 | 90,562,000 | 88,394,000 | 80,913,000 | 85,403,000 | 252,188,000 | 90,432,000 | 82,096,000 | 83,002,000 | 86,952,000 | 236,044,000 | 239,483,000 | 65,836,000 | ||||||||
fuel | 265,000,000 | 292,000,000 | 297,000,000 | 279,000,000 | 277,000,000 | 284,000,000 | 290,000,000 | 282,000,000 | 304,000,000 | 300,161,000 | 272,408,000 | 275,918,000 | 301,513,000 | 292,694,000 | 316,214,000 | 275,179,000 | 188,480,000 | 166,264,000 | 118,127,000 | 59,109,000 | 41,822,000 | 43,740,000 | 53,815,000 | 79,192,000 | 194,268,000 | 178,190,000 | 177,677,000 | 181,924,000 | 160,171,000 | 195,552,000 | 182,415,000 | 172,309,000 | 160,341,000 | 172,204,000 | 160,752,000 | 170,748,000 | 177,414,000 | 182,393,000 | 178,772,000 | 176,649,000 | 175,862,000 | 188,112,000 | 199,848,000 | 202,565,000 | 205,276,000 | 716,573,000 | 230,818,000 | 242,804,000 | 244,459,000 | 234,605,000 | 215,686,000 | 232,471,000 | 241,652,000 | 213,434,000 | 237,961,000 | 228,994,000 | 208,091,000 | 202,478,000 | 188,128,000 | 166,061,000 | 163,155,000 | 164,786,000 | 164,118,000 | 154,939,000 | 162,586,000 | 146,254,000 | 136,488,000 | 154,875,000 | 514,733,000 | 207,274,000 | 174,299,000 | 158,234,000 | 161,959,000 | 384,070,000 | ||||||||||
other operating | 542,000,000 | 572,000,000 | 569,000,000 | 561,000,000 | 500,000,000 | 514,000,000 | 545,000,000 | 516,000,000 | 522,000,000 | 457,179,000 | 465,814,000 | 455,569,000 | 420,438,000 | 441,231,000 | 436,444,000 | 447,887,000 | 321,705,000 | 375,822,000 | 273,157,000 | 167,099,000 | 129,127,000 | 111,543,000 | 127,226,000 | 279,465,000 | 423,998,000 | 368,585,000 | 342,170,000 | 348,801,000 | 346,142,000 | 295,656,000 | 273,353,000 | 286,859,000 | 278,734,000 | 230,635,000 | 253,892,000 | 281,143,000 | 245,222,000 | 232,903,000 | 260,718,000 | 308,222,000 | 288,221,000 | 230,635,000 | 259,057,000 | 272,927,000 | 245,307,000 | 796,262,000 | 281,322,000 | 262,729,000 | 281,743,000 | 295,530,000 | 311,591,000 | 312,427,000 | 266,708,000 | 289,476,000 | 303,556,000 | 274,046,000 | 287,367,000 | 291,690,000 | 265,192,000 | 248,402,000 | 248,440,000 | 267,810,000 | 244,281,000 | 238,670,000 | 241,668,000 | 253,726,000 | 237,493,000 | 224,249,000 | 766,714,000 | 263,903,000 | 269,211,000 | 230,251,000 | 257,197,000 | 741,736,000 | 781,209,000 | 210,834,000 | ||||||||
total cruise operating expenses | 2,247,000,000 | 2,242,000,000 | 2,479,000,000 | 2,283,000,000 | 2,079,000,000 | 2,052,000,000 | 2,391,000,000 | 2,152,000,000 | 2,056,000,000 | 1,890,359,000 | 2,136,860,000 | 1,954,876,000 | 1,792,905,000 | 1,782,442,000 | 1,956,263,000 | 1,690,862,000 | 1,184,769,000 | 1,135,504,000 | 813,691,000 | 424,830,000 | 283,487,000 | 265,260,000 | 308,609,000 | 680,420,000 | 1,510,819,000 | 1,481,519,000 | 1,623,038,000 | 1,544,504,000 | 1,413,704,000 | 1,360,413,000 | 1,411,364,000 | 1,314,411,000 | 1,176,019,000 | 1,145,701,000 | 1,318,269,000 | 1,256,785,000 | 1,175,824,000 | 1,123,251,000 | 1,340,123,000 | 1,310,587,000 | 1,241,578,000 | 1,173,341,000 | 1,387,026,000 | 1,316,409,000 | 1,222,617,000 | 3,879,399,000 | 1,426,882,000 | 1,330,674,000 | 1,303,980,000 | 1,282,660,000 | 1,416,801,000 | 1,323,619,000 | 1,282,190,000 | 1,348,325,000 | 1,296,014,000 | 1,255,112,000 | 1,250,861,000 | 1,405,300,000 | 1,185,375,000 | 1,101,071,000 | 1,106,989,000 | 1,239,625,000 | 1,086,187,000 | 1,025,275,000 | 1,037,245,000 | 1,116,086,000 | 965,435,000 | 952,336,000 | 3,128,005,000 | 1,275,661,000 | 1,090,999,000 | 962,186,000 | 1,025,586,000 | 2,956,112,000 | ||||||||||
marketing, selling and administrative expenses | 582,000,000 | 630,000,000 | 522,000,000 | 508,000,000 | 562,000,000 | 673,000,000 | 451,000,000 | 466,000,000 | 535,000,000 | 503,281,000 | 393,016,000 | 434,848,000 | 460,855,000 | 444,358,000 | 373,116,000 | 371,425,000 | 394,030,000 | 503,055,000 | 323,422,000 | 285,558,000 | 258,041,000 | 255,533,000 | 246,779,000 | 301,418,000 | 395,890,000 | 414,707,000 | 352,725,000 | 376,874,000 | 414,947,000 | 327,693,000 | 325,167,000 | 312,923,000 | 337,361,000 | 311,059,000 | 273,637,000 | 283,855,000 | 317,465,000 | 254,482,000 | 257,430,000 | 286,357,000 | 302,021,000 | 269,464,000 | 256,060,000 | 274,148,000 | 286,832,000 | 809,290,000 | 239,662,000 | 260,988,000 | 290,307,000 | 262,883,000 | 249,954,000 | 259,626,000 | 274,034,000 | 243,877,000 | 247,571,000 | 264,601,000 | 238,445,000 | 231,761,000 | 242,258,000 | 248,138,000 | 211,936,000 | 213,300,000 | 211,795,000 | 211,048,000 | 185,655,000 | 196,594,000 | 190,593,000 | 189,157,000 | 585,407,000 | 191,115,000 | 196,548,000 | 204,941,000 | 204,493,000 | 578,547,000 | 514,334,000 | 150,238,000 | ||||||||
depreciation and amortization expenses | 461,000,000 | 453,000,000 | 435,000,000 | 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 | 579,997,000 | 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 | 385,647,000 | 134,706,000 | 127,277,000 | 124,390,000 | 123,045,000 | 360,021,000 | 362,695,000 | 96,579,000 | ||||||||
operating income | 1,162,000,000 | 933,000,000 | 1,702,000,000 | 1,329,000,000 | 945,000,000 | 624,000,000 | 1,634,000,000 | 1,099,000,000 | 750,000,000 | 569,702,000 | 1,265,104,000 | 771,581,000 | 271,613,000 | 15,451,000 | 298,425,000 | -218,644,000 | -859,208,000 | -1,031,745,000 | -1,005,824,000 | -1,023,534,000 | -809,231,000 | -1,016,549,000 | -996,114,000 | -1,282,487,000 | -1,306,407,000 | 299,425,000 | 890,792,000 | 573,653,000 | 318,831,000 | 364,027,000 | 799,733,000 | 456,895,000 | 274,146,000 | 307,349,000 | 737,488,000 | 419,697,000 | 279,522,000 | 296,842,000 | 734,963,000 | 282,273,000 | 163,127,000 | 249,918,000 | 258,005,000 | 261,297,000 | 105,682,000 | 412,397,000 | 529,462,000 | 195,587,000 | 97,466,000 | 74,969,000 | 444,209,000 | 113,338,000 | 165,632,000 | 452,137,000 | 96,905,000 | 135,375,000 | 106,162,000 | 507,742,000 | 168,190,000 | 149,534,000 | 121,695,000 | 445,502,000 | 143,684,000 | 91,752,000 | 82,355,000 | 306,841,000 | 55,062,000 | 44,253,000 | 370,077,000 | 461,907,000 | 168,950,000 | 137,568,000 | 137,970,000 | 763,365,000 | 526,185,000 | 526,185,000 | 160,468,000 | 44,879,000 | 112,412,000 | 112,412,000 | ||||
yoy | 22.96% | 49.52% | 4.16% | 20.93% | 26.00% | 9.53% | 29.16% | 42.43% | 176.13% | 3587.15% | 323.93% | -452.89% | -131.61% | -101.50% | -129.67% | -78.64% | 6.18% | 1.49% | 0.97% | -20.19% | -38.06% | -439.50% | -211.82% | -323.56% | -509.75% | -17.75% | 11.39% | 25.55% | 16.30% | 18.44% | 8.44% | 8.86% | -1.92% | 3.54% | 0.34% | 48.68% | 71.35% | 18.78% | 184.86% | 8.03% | 54.36% | -39.40% | -51.27% | 33.60% | 8.43% | 450.09% | 19.19% | 72.57% | -41.16% | -83.42% | 358.40% | -16.28% | 56.02% | -10.95% | -42.38% | -9.47% | -12.76% | 13.97% | 17.06% | 62.98% | 47.77% | 45.19% | 160.95% | 107.34% | -77.75% | -33.57% | -67.41% | -67.83% | 168.23% | -39.49% | -67.89% | -73.86% | -14.02% | 1600.94% | ||||||||||
qoq | 24.54% | -45.18% | 28.07% | 40.63% | 51.44% | -61.81% | 48.68% | 46.53% | 31.65% | -54.97% | 63.96% | 184.07% | 1657.90% | -94.82% | -236.49% | -74.55% | -16.72% | 2.58% | -1.73% | 26.48% | -20.39% | 2.05% | -22.33% | -1.83% | -536.31% | -66.39% | 55.28% | 79.92% | -12.42% | -54.48% | 75.04% | 66.66% | -10.80% | -58.32% | 75.72% | 50.15% | -5.83% | -59.61% | 160.37% | 73.04% | -34.73% | -3.13% | -1.26% | 147.25% | -74.37% | -22.11% | 170.70% | 100.67% | 30.01% | -83.12% | 291.93% | -31.57% | -63.37% | 366.58% | -28.42% | 27.52% | -79.09% | 201.89% | 12.48% | 22.88% | -72.68% | 210.06% | 56.60% | 11.41% | -73.16% | 457.26% | 24.43% | -88.04% | -19.88% | 173.40% | 22.81% | -0.29% | -81.93% | 45.08% | 0.00% | 227.91% | 257.56% | 0.00% | ||||||
operating margin % | 26.10% | 21.91% | 33.12% | 29.29% | 23.63% | 16.60% | 33.44% | 26.74% | 20.12% | 17.10% | 30.41% | 21.90% | 9.41% | 0.59% | 9.97% | -10.01% | -81.12% | -105.04% | -220.11% | -2010.32% | -1926.10% | -2977.76% | 2956.88% | -730.32% | -64.27% | 11.89% | 27.95% | 20.44% | 13.07% | 15.61% | 28.60% | 19.55% | 13.52% | 15.33% | 28.70% | 19.12% | 13.92% | 15.54% | 28.67% | 13.41% | 8.51% | 13.14% | 10.23% | 12.69% | 5.82% | 7.25% | 22.16% | 9.88% | 5.16% | 4.04% | 19.22% | 6.02% | 8.67% | 20.31% | 5.32% | 7.38% | 5.98% | 21.87% | 9.51% | 8.94% | 7.58% | 21.62% | 8.97% | 6.18% | 5.67% | 17.40% | 4.08% | 3.34% | 8.28% | 22.39% | 10.67% | 9.63% | 9.25% | 16.39% | Infinity% | 13.90% | 15.11% | Infinity% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% |
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 5,000,000 | 7,000,000 | 3,000,000 | 12,000,000 | 2,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,137,000 | 7,472,000 | 9,583,000 | 14,808,000 | 14,092,000 | 11,953,000 | 6,490,000 | 3,322,000 | 3,456,000 | 3,786,000 | 4,670,000 | 4,861,000 | 5,279,000 | 5,017,000 | 5,206,000 | 5,534,000 | 5,194,000 | 5,625,000 | 6,342,000 | 9,784,000 | 6,138,000 | 5,831,000 | 13,098,000 | 7,733,000 | 13,345,000 | 4,693,000 | 5,811,000 | 6,252,000 | 5,981,000 | 6,472,000 | 5,683,000 | 2,720,000 | 3,781,000 | 1,735,000 | 2,772,000 | 3,737,000 | 8,227,000 | 2,117,000 | 2,630,000 | 3,276,000 | 3,447,000 | 3,299,000 | 3,405,000 | 3,747,000 | 4,744,000 | 4,972,000 | 6,346,000 | 7,989,000 | 7,070,000 | 6,478,000 | 3,781,000 | 4,696,000 | 1,815,000 | 1,363,000 | 1,369,000 | 1,902,000 | 2,225,000 | 1,159,000 | 1,730,000 | 8,496,000 | 5,620,000 | 3,015,000 | 2,508,000 | 3,370,000 | 16,655,000 | 4,519,000 | 4,519,000 | 1,449,000 | 1,336,000 | 4,227,000 | 4,227,000 | ||||
interest expense, net of interest capitalized | -278,000,000 | -267,000,000 | -248,000,000 | -228,000,000 | -249,000,000 | -266,000,000 | -603,000,000 | -298,000,000 | -424,000,000 | -346,481,000 | -340,620,000 | -355,512,000 | -359,387,000 | -431,610,000 | -352,187,000 | -302,706,000 | -277,659,000 | -283,767,000 | -430,661,000 | -304,811,000 | -272,514,000 | -273,089,000 | -259,349,000 | -218,889,000 | -92,911,000 | -94,756,000 | -102,038,000 | -111,304,000 | -100,415,000 | -97,420,000 | -86,510,000 | -81,864,000 | -67,878,000 | -69,800,000 | -73,233,000 | -76,632,000 | -80,317,000 | -80,567,000 | -82,610,000 | -78,747,000 | -65,446,000 | -64,127,000 | -66,819,000 | -76,620,000 | -70,159,000 | -198,199,000 | -60,100,000 | -65,260,000 | -68,571,000 | -90,182,000 | -84,977,000 | -89,106,000 | -92,666,000 | -90,625,000 | -98,198,000 | -92,968,000 | -87,483,000 | -89,129,000 | -82,494,000 | -83,846,000 | -83,924,000 | -78,311,000 | -73,912,000 | -68,327,000 | -79,462,000 | -246,752,000 | -80,560,000 | -81,086,000 | -82,518,000 | -251,266,000 | ||||||||||||||
equity investment income | 84,000,000 | 101,000,000 | 158,000,000 | 107,000,000 | 48,000,000 | 57,000,000 | 106,000,000 | 56,000,000 | 41,000,000 | 50,888,000 | 86,627,000 | 42,014,000 | 20,471,000 | 26,936,000 | 73,997,000 | -73,028,000 | -78,013,000 | -51,853,000 | -10,392,000 | 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 2,000,000 | -8,000,000 | 676,000 | -7,905,000 | -5,386,000 | 4,585,000 | -125,075,000 | 780,000 | 6,457,000 | -2,538,000 | -46,487,000 | 37,230,000 | 24,508,000 | 5,033,000 | 10,024,000 | -21,781,000 | 5,184,000 | 33,855,000 | -89,520,000 | 34,432,000 | 20,696,000 | -1,261,000 | 17,227,000 | 35,866,000 | -2,482,000 | 5,970,000 | 51,473,000 | 18,769,000 | 4,716,000 | 2,053,000 | -2,971,000 | 3,360,000 | -16,424,000 | -2,091,000 | 13,036,000 | -17,656,000 | 11,791,000 | 25,720,000 | 5,445,000 | 78,250,000 | -2,593,000 | -4,762,000 | -22,980,000 | -2,759,000 | 30,014,000 | 24,920,000 | -6,130,000 | 13,479,000 | 12,008,000 | 3,821,000 | 18,358,000 | 18,358,000 | 9,669,000 | 3,367,000 | 4,442,000 | 4,442,000 | ||||||||||||||||||||||||||||
income before income taxes | 976,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | -26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 950,000,000 | 762,000,000 | 1,579,000,000 | 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 | 462,280,000 | -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 | 273,898,000 | 490,248,000 | 137,673,000 | 26,457,000 | 7,018,000 | 365,701,000 | 24,747,000 | 76,226,000 | 367,779,000 | -3,653,000 | 46,964,000 | 36,562,000 | 398,958,000 | 93,491,000 | 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 | 161,835,000 | 411,887,000 | 84,749,000 | 75,607,000 | 70,830,000 | 532,575,000 | 280,664,000 | 280,664,000 | 95,846,000 | -20,049,000 | 52,813,000 | 52,813,000 | ||||
yoy | 29.08% | 36.31% | 41.61% | 41.49% | 102.20% | 100.41% | 10.32% | 85.60% | -859.76% | -155.76% | 2965.63% | -188.63% | -95.90% | -63.14% | -102.31% | -61.29% | 3.13% | -0.73% | 6.36% | -17.44% | -21.25% | -587.37% | -250.42% | -440.00% | -659.58% | -12.48% | 9.87% | 2.93% | 17.45% | 11.25% | 7.64% | 26.19% | 1.83% | 10.32% | 8.59% | 60.73% | 116.59% | 26.25% | 203.01% | 24.30% | 119.19% | -24.50% | -53.33% | 34.35% | 70.96% | 3802.79% | 34.06% | 456.32% | -65.29% | -98.09% | -10110.98% | -47.31% | 108.48% | -7.82% | -103.91% | -48.70% | -14.39% | 11.83% | 54.41% | 4.69% | 1173.70% | 54.85% | -272.56% | -341.31% | -97.93% | -44.06% | -141.40% | -147.93% | 128.48% | -22.66% | -69.80% | -73.06% | -26.10% | -2756.37% | ||||||||||
qoq | 24.67% | -51.74% | 30.07% | 64.95% | 31.66% | -49.87% | 29.95% | 135.71% | 30.50% | -72.40% | 118.63% | -1064.89% | -90.42% | -1617.25% | -106.32% | -55.31% | -13.99% | -4.74% | 5.74% | 19.04% | -17.21% | 2.06% | -17.93% | 13.56% | -612.36% | -68.50% | 85.51% | 86.89% | -19.86% | -60.46% | 73.79% | 113.26% | -24.09% | -61.74% | 103.73% | 72.09% | -17.76% | -62.34% | 201.54% | 131.90% | -52.06% | -9.61% | 23.69% | 308.95% | -83.49% | -44.13% | 256.10% | 420.37% | 276.99% | -98.08% | 1377.76% | -67.53% | -79.27% | -10167.86% | -107.78% | 28.45% | -90.84% | 326.73% | 2.12% | 114.37% | -88.03% | 489.25% | -30.76% | 2508.02% | -98.54% | -756.65% | -3.18% | -122.39% | -60.71% | 386.01% | 12.09% | 6.74% | -86.70% | 89.76% | 0.00% | 192.83% | -578.06% | 0.00% | ||||||
net income margin % | 21.34% | 17.89% | 30.73% | 26.75% | 18.40% | 14.87% | 22.82% | 20.88% | 9.76% | 8.37% | 24.29% | 13.12% | -1.66% | -19.21% | 1.10% | -23.88% | -110.19% | -138.15% | -311.75% | -2646.14% | -2693.68% | -4004.14% | 3975.64% | -929.27% | -70.69% | 11.14% | 27.94% | 17.10% | 10.53% | 13.74% | 28.98% | 19.95% | 10.78% | 14.37% | 29.30% | 16.83% | 10.69% | 13.67% | 27.04% | 10.92% | 5.17% | 10.87% | 9.07% | 8.99% | 2.49% | 4.82% | 20.52% | 6.95% | 1.40% | 0.38% | 15.82% | 1.31% | 3.99% | 16.52% | -0.20% | 2.56% | 2.06% | 17.18% | 5.29% | 5.48% | 2.66% | 17.31% | 3.78% | 5.89% | 0.23% | 13.06% | -2.60% | -2.73% | 3.62% | 19.96% | 5.35% | 5.29% | 4.75% | 11.43% | Infinity% | 7.42% | 9.03% | -Infinity% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% |
less: net income attributable to noncontrolling interest | 8,000,000 | 8,000,000 | 4,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 1,849,000 | 1,602,000 | 3,519,000 | 7,444,000 | 7,444,000 | 7,444,000 | 7,338,000 | 7,125,000 | 7,125,000 | 7,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to royal caribbean cruises ltd. | 941,000,000 | 754,000,000 | 1,575,000,000 | 1,210,000,000 | 730,000,000 | 552,000,000 | 1,111,000,000 | 854,000,000 | 360,000,000 | 277,073,000 | 1,009,076,000 | 458,761,000 | -1,366,935,000 | -1,346,756,000 | -1,639,292,000 | -1,444,479,000 | 273,136,000 | 883,240,000 | 472,830,000 | 249,681,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.49 | 2.78 | 5.79 | 4.45 | 2.71 | 2.02 | 4.22 | 3.32 | 1.4 | 1.08 | 3.94 | 1.79 | 0.13 | -6.04 | -6.29 | -7.83 | -6.91 | 1.3 | 4.21 | 2.26 | 1.19 | 1.52 | 3.88 | 2.2 | 1.03 | 1.555 | 3.51 | 1.72 | 1 | 1.185 | 3.23 | 1.07 | 0.46 | 0.523 | 1.04 | 0.84 | 0.21 | 0.55 | 2.2 | 0.62 | 0.12 | 0.533 | 1.66 | 0.11 | 0.35 | 1.69 | -0.02 | 0.22 | 0.658 | 1.84 | 0.43 | 0.42 | 0.588 | 1.66 | 0.28 | 0.41 | 0.185 | 1.08 | -0.16 | -0.17 | 0.483 | 1.93 | 0.4 | 0.35 | 0.625 | 2.5 | 1.45 | 1.45 | 0.49 | -0.1 | 0.27 | 0.27 | ||||||||||||
diluted | 3.48 | 2.78 | 5.74 | 4.41 | 2.7 | 2.03 | 4.21 | 3.11 | 1.35 | 1.07 | 3.65 | 1.7 | 0.13 | -6.04 | -6.29 | -7.83 | -6.91 | 1.3 | 4.2 | 2.25 | 1.19 | 1.51 | 3.86 | 2.19 | 1.02 | 1.548 | 3.49 | 1.71 | 0.99 | 1.18 | 3.21 | 1.06 | 0.46 | 0.52 | 1.03 | 0.84 | 0.2 | 0.548 | 2.19 | 0.62 | 0.12 | 0.528 | 1.65 | 0.11 | 0.35 | 1.68 | -0.02 | 0.21 | 0.65 | 1.82 | 0.43 | 0.42 | 0.58 | 1.64 | 0.28 | 0.4 | 0.185 | 1.07 | -0.16 | -0.17 | 0.48 | 1.92 | 0.4 | 0.35 | 0.623 | 2.49 | 1.42 | 1.42 | 0.47 | -0.1 | 0.27 | 0.27 | ||||||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 270 | 272 | 272 | 269 | 263 | 257 | 257 | 256,188 | 255,805 | 255,465 | 255,071 | 254,964 | 254,821 | 254,713 | 254,577 | 243,004 | 214,163 | 209,385 | 209,097 | 209,575 | 209,531 | 209,322 | 209,054 | 211,673 | 212,610 | 214,694 | 215,085 | 214,870 | 214,819 | 215,265 | 216,914 | 219,963 | 219,913 | 219,626 | 222,523 | 222,189 | 221,295 | 219,744 | 219,502 | 219,097 | 217,940 | 217,866 | 217,584 | 217,105 | 217,028 | 216,511 | 215,150 | 215,043 | 214,314 | 213,839 | 213,780 | 213,687 | 213,524 | 213,482 | 213,326 | 212,667 | 194,074 | 197,425 | 195,675 | 192,325 | 192,325 | |||||||||||||||||||||||
diluted | 271 | 274 | 275 | 276 | 264 | 281 | 281 | 281,876 | 281,913 | 255,465 | 255,378 | 254,964 | 254,821 | 254,713 | 254,577 | 243,004 | 214,163 | 209,385 | 209,097 | 210,121 | 210,052 | 209,874 | 209,928 | 212,509 | 213,602 | 215,824 | 216,062 | 215,813 | 215,667 | 216,131 | 217,869 | 221,137 | 220,902 | 220,842 | 223,859 | 223,381 | 222,671 | 221,004 | 220,648 | 220,484 | 219,296 | 217,866 | 219,230 | 218,934 | 219,370 | 219,626 | 217,512 | 217,561 | 216,975 | 215,669 | 213,780 | 213,687 | 214,172 | 214,280 | 214,464 | 214,170 | 197,341 | 216,000 | 195,675 | 195,509 | 195,509 | |||||||||||||||||||||||
comprehensive income | 1,170 | 686 | 1,570 | 1,391 | 842 | 510 | 1,016 | 821 | 421 | -1,421,642 | 1,045,706 | 460,220 | -1,237,169 | -1,257,192 | -1,487,458 | -1,734,939 | 429,124 | 597,175 | 405,762 | 305,560 | -76,701 | 845,011 | 383,910 | 370,103 | 480,668 | 986,986 | 500,810 | 238,888 | 422,136 | 787,785 | 380,403 | 105,013 | 74,755 | 5,422 | 402,923 | -359,208 | 220,689 | 113,148 | -26,019 | 79,605 | 438,861 | 46,031 | 49,382 | 450,432 | -304,266 | 197,774 | ||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | 2 | -2 | -9 | -17 | -10 | 6 | 4 | -1,695 | 11,495 | -3,263 | -6,546 | -21,663 | 11,498 | 12,682 | 7,778 | 4,448 | 5,022 | -3,489 | 9,722 | -15,352 | 19,071 | 26,337 | 10,290 | 8,552 | -15,510 | 7,263 | 564 | -411 | -3,479 | -11,521 | 1,160 | 3,097 | 5,889 | 5,979 | 2,342 | -6,061 | 4,043 | -2,268 | 6,648 | -6,158 | -4,191 | 11,741 | -31,544 | -7,620 | -18,482 | -1,833 | 2,470 | 1,160 | 6,164 | -4,244 | 1,331 | -12,361 | 3,340 | |||||||||||||||||||||||||||||||
change in defined benefit plans | -2 | -2 | -2 | 4 | -4 | 9 | 6 | -12 | 9 | -3,694 | 3,972 | -3,785 | 3,513 | 13,923 | 7,226 | 15,168 | 12,597 | 4,959 | -3,627 | -3,088 | 10,463 | -3,031 | -3,086 | -6,278 | -7,589 | 3,296 | -12,456 | -9,722 | -653 | 694 | 1,153 | -1,964 | 7,760 | 697 | -1,990 | -3,649 | -641 | 10,512 | -5,051 | -3,585 | -3,512 | -807 | 3,318 | 3,742 | -1,493 | -5,762 | -1,451 | -2,054 | -2,031 | 113 | 5,423 | 5,293 | ||||||||||||||||||||||||||||||||
gain on cash flow derivative hedges | 221 | -76 | 181 | 128 | -95 | -31 | 44 | 19,561 | 4,988 | -31,697 | 157,003 | -84,493 | 195,901 | -44,468 | -13,264 | 51,476 | 10,302 | 66,135 | 124,331 | -300,605 | 136,802 | -265,224 | 48,843 | -397,437 | 36,946 | -68,900 | 142,530 | 188,835 | 230,245 | 128,954 | 22,461 | 156,599 | 95,536 | 156,351 | 2,737 | 202,473 | -619,724 | -249,626 | -20,638 | 14,128.75 | 61,573 | 17,542 | -22,600 | -288,252 | 147,470 | |||||||||||||||||||||||||||||||||||||||
total other comprehensive income | 220 | -76 | 176 | 107 | -99 | 57 | 35,028 | -34,730 | 149,263 | -56,643 | 216,276 | -35,061 | -11,869 | 44,899 | 30,487 | 82,120 | 144,390 | -297,904 | 148,650 | -293,190 | 48,754 | -397,154 | 34,620 | -82,385 | 151,450 | 192,629 | 234,144 | 131,284 | 24,162 | 161,050 | 94,528 | 150,498 | 5,873 | 217,956 | -633,106 | -269,559 | -24,525 | 72,587 | 73,160 | 21,284 | -26,844 | 82,653 | -300,613 | 150,810 | ||||||||||||||||||||||||||||||||||||||||
less: comprehensive income attributable to noncontrolling interest | 8 | 8 | 4 | 5 | 6 | 6 | 4 | 4 | 4 | -5,144 | 1,602 | 7,444 | 7,444 | 7,444 | 7,338 | 7,125 | 7,125 | 7,125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to royal caribbean cruises ltd. | 1,161 | 678 | 1,566 | 1,386 | 837 | 504 | 1,012 | 817 | 417 | -1,416,498 | 1,044,104 | -1,237,169 | -1,264,636 | -1,494,902 | -1,742,383 | 421,786 | 590,050 | 398,637 | 298,435 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | -13,500,000 | -36,000,000 | -6,000,000 | -11,000,000 | -9,250,000 | -26,000,000 | -3,000,000 | -31,884,250 | -10,853,000 | -83,825,000 | -32,859,000 | -7,668,000 | -5,088,000 | -3,832,000 | -757,000 | 1,257,000 | -1,226,000 | -2,709,000 | -2,611,000 | -5,714,000 | -8,056,000 | -655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: - sum | -123,000,000 | -115,000,000 | -210,000,000 | -286,250,000 | -519,000,000 | -241,000,000 | -386,000,000 | -290,780,000 | -254,426,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on cash flow derivative hedges | -5 | -20.5 | -1,787 | -259,949 | -27,534.75 | -71,734 | -70,242 | -222,492 | -260,949 | -52,915 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other comprehensive loss | -9 | -19.75 | -37 | -440.5 | -2,060 | -241,225 | -74,193 | -74,848.75 | -223,365 | -293,986 | -52,476 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -0.19 | -1.96 | -2.05 | -4.58 | -3.89 | -5.59 | -5.29 | -4.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.19 | -1.96 | -2.05 | -4.58 | -3.89 | -5.59 | -5.29 | -4.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -82,640 | -350,943 | -208,257 | -578,225 | -950,866 | -960,003.5 | -1,436,423 | -1,302,356 | -1,101,235 | -248,756 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment loss | -13,179,000 | -31,059,000 | -34,261,000 | -29,085,000 | -48,088,000 | -59,871,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to royal caribbean cruises ltd. | -975,882,750 | -1,424,554,000 | -1,347,255,000 | -1,131,722,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss attributable to royal caribbean cruises ltd. | -960,003.5 | -1,436,423 | -1,302,356 | -1,101,235 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss related to skysea holding | -23,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of pullmantur related assets | 411,267,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | 1,825,000 | 1,897,000 | 4,425,000 | 305,000 | 77,000 | 308,000 | -86,000 | 1,736,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extinguishment of unsecured senior notes | -7,485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and related charges | 3,480,500 | 12,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain (loss) on cash flow derivative hedges | 81,322 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cruise operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | 3,784,249,000 | 878,045,000 | 799,953,000 | 799,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating | 2,381,035,000 | 596,645,000 | 502,638,000 | 502,638,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 362,695,000 | 94,644,000 | 82,827,000 | 82,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense, net of capitalized interest | -268,398,000 | -268,398,000 | -75,740,000 | -69,631,000 | -68,268,000 | -68,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 2,381,035,000 | 654,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share:, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.49 | 2.78 | 5.79 | 4.45 | 2.71 | 2.02 | 4.22 | 3.32 | 1.4 | 1.08 | 3.94 | 1.79 | 0.13 | -6.04 | -6.29 | -7.83 | -6.91 | 1.3 | 4.21 | 2.26 | 1.19 | 1.52 | 3.88 | 2.2 | 1.03 | 1.555 | 3.51 | 1.72 | 1 | 1.185 | 3.23 | 1.07 | 0.46 | 0.523 | 1.04 | 0.84 | 0.21 | 0.55 | 2.2 | 0.62 | 0.12 | 0.533 | 1.66 | 0.11 | 0.35 | 1.69 | -0.02 | 0.22 | 0.658 | 1.84 | 0.43 | 0.42 | 0.588 | 1.66 | 0.28 | 0.41 | 0.185 | 1.08 | -0.16 | -0.17 | 0.483 | 1.93 | 0.4 | 0.35 | 0.625 | 2.5 | 1.45 | 1.45 | 0.49 | -0.1 | 0.27 | 0.27 | ||||||||||||
diluted | 3.48 | 2.78 | 5.74 | 4.41 | 2.7 | 2.03 | 4.21 | 3.11 | 1.35 | 1.07 | 3.65 | 1.7 | 0.13 | -6.04 | -6.29 | -7.83 | -6.91 | 1.3 | 4.2 | 2.25 | 1.19 | 1.51 | 3.86 | 2.19 | 1.02 | 1.548 | 3.49 | 1.71 | 0.99 | 1.18 | 3.21 | 1.06 | 0.46 | 0.52 | 1.03 | 0.84 | 0.2 | 0.548 | 2.19 | 0.62 | 0.12 | 0.528 | 1.65 | 0.11 | 0.35 | 1.68 | -0.02 | 0.21 | 0.65 | 1.82 | 0.43 | 0.42 | 0.58 | 1.64 | 0.28 | 0.4 | 0.185 | 1.07 | -0.16 | -0.17 | 0.48 | 1.92 | 0.4 | 0.35 | 0.623 | 2.49 | 1.42 | 1.42 | 0.47 | -0.1 | 0.27 | 0.27 | ||||||||||||
other income - sum | -64,622,000 | -64,928,000 | -59,599,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2007-09-30 | 2004-10-21 | 2004-09-30 | 2004-06-30 | 2004-04-03 | 2004-03-31 | 2004-01-29 | 2003-12-31 | 2002-12-31 | 2002-05-07 | 2002-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 512,000,000 | 825,000,000 | 432,000,000 | 735,000,000 | 386,000,000 | 388,000,000 | 418,000,000 | 391,000,000 | 437,000,000 | 497,000,000 | 600,117,000 | 726,424,000 | 1,226,871,000 | 1,935,005,000 | 1,566,213,000 | 2,102,205,000 | 1,968,504,000 | 2,701,770,000 | 3,289,326,000 | 4,250,369,000 | 5,091,463,000 | 3,684,474,000 | 3,016,788,000 | 4,146,691,000 | 3,890,811,000 | 243,738,000 | 276,730,000 | 235,001,000 | 248,197,000 | 287,852,000 | 254,821,000 | 108,998,000 | 111,245,000 | 120,112,000 | 139,950,000 | 130,477,000 | 109,309,000 | 132,603,000 | 178,428,000 | 175,164,000 | 117,360,000 | 121,565,000 | 147,419,000 | 159,360,000 | 229,705,000 | 189,241,000 | 183,181,000 | 185,262,000 | 216,508,000 | 204,687,000 | 209,567,000 | 205,174,000 | 215,888,000 | 241,237,000 | 212,209,000 | 277,533,000 | 262,186,000 | 451,460,000 | 551,460,000 | 470,258,000 | 419,929,000 | 441,930,000 | 318,820,000 | 278,104,000 | 284,619,000 | 285,863,000 | 309,758,000 | 455,884,000 | 402,878,000 | 301,963,000 | 387,158,000 | 441,127,000 | 230,784,000 | 411,906,000 | 740,874,000 | 740,874,000 | 706,337,000 | 330,086,000 | 552,997,000 | 330,086,000 | 242,584,000 | 629,817,000 | 629,817,000 | |
trade and other receivables | 479,000,000 | 317,000,000 | 356,000,000 | 431,000,000 | 427,000,000 | 371,000,000 | 220,876,000 | 305,821,000 | 348,991,000 | 340,921,000 | 374,982,000 | 324,507,000 | 385,297,000 | 355,729,000 | 387,862,000 | 318,641,000 | 285,332,000 | 263,992,000 | 292,975,000 | 291,899,000 | 273,422,000 | 215,804,000 | 253,303,000 | 238,972,000 | 241,638,000 | 212,454,000 | 297,073,000 | 261,392,000 | 252,918,000 | 293,516,000 | 299,036,000 | 259,746,000 | 342,021,000 | 310,051,000 | 308,030,000 | 301,110,000 | 284,658,000 | 313,001,000 | 292,447,000 | 303,919,000 | 273,708,000 | 276,885,000 | 266,710,000 | 279,388,000 | 212,204,000 | 257,592,000 | 338,804,000 | 334,666,000 | 241,224,000 | 194,508,000 | 271,287,000 | 324,131,000 | 250,557,000 | 236,293,000 | 313,640,000 | 337,889,000 | 86,701,000 | 86,701,000 | 94,957,000 | 89,489,000 | 88,206,000 | 89,489,000 | 79,535,000 | 74,520,000 | 74,520,000 | |||||||||||||||||||
inventories | 271,000,000 | 264,000,000 | 269,000,000 | 247,000,000 | 256,000,000 | 265,000,000 | 265,000,000 | 242,000,000 | 236,000,000 | 248,000,000 | 241,522,000 | 215,915,000 | 221,299,000 | 224,016,000 | 237,186,000 | 229,108,000 | 179,466,000 | 150,224,000 | 142,408,000 | 132,888,000 | 119,405,000 | 118,703,000 | 142,432,000 | 152,596,000 | 177,705,000 | 162,107,000 | 167,213,000 | 168,009,000 | 157,939,000 | 153,573,000 | 152,157,000 | 121,879,000 | 110,826,000 | 111,393,000 | 119,949,000 | 109,136,000 | 108,427,000 | 114,087,000 | 118,849,000 | 112,380,000 | 121,392,000 | 121,332,000 | 131,108,000 | 140,228,000 | 125,063,000 | 123,490,000 | 136,162,000 | 143,375,000 | 145,155,000 | 151,244,000 | 160,225,000 | 141,440,000 | 145,922,000 | 143,954,000 | 146,711,000 | 147,898,000 | 144,553,000 | 152,273,000 | 145,547,000 | 140,557,000 | 126,797,000 | 113,061,000 | 110,695,000 | 111,349,000 | 107,877,000 | 109,663,000 | 102,520,000 | 91,957,000 | 96,077,000 | 114,290,000 | 118,343,000 | 98,037,000 | 96,813,000 | 88,796,000 | 60,069,000 | 60,069,000 | 64,965,000 | 53,277,000 | 56,628,000 | 53,277,000 | 37,299,000 | 34,280,000 | 34,280,000 | |
prepaid expenses and other assets | 719,000,000 | 690,000,000 | 652,000,000 | 785,000,000 | 723,000,000 | 670,000,000 | 667,000,000 | 790,000,000 | 690,000,000 | 617,000,000 | 508,832,000 | 604,623,000 | 543,599,000 | 455,836,000 | 435,709,000 | 492,285,000 | 344,648,000 | 286,026,000 | 268,008,000 | 224,688,000 | 163,709,000 | 154,339,000 | 197,195,000 | 178,364,000 | 304,809,000 | 429,211,000 | 399,390,000 | 500,477,000 | 491,553,000 | 456,547,000 | 459,792,000 | 418,817,000 | 350,653,000 | 193,562,000 | 200,125,000 | 264,036,000 | 245,978,000 | 209,716,000 | 231,442,000 | 265,063,000 | 279,707,000 | 220,579,000 | 269,914,000 | 292,431,000 | 299,362,000 | 226,960,000 | 273,112,000 | 299,882,000 | 293,910,000 | 252,852,000 | 258,567,000 | 270,392,000 | 236,954,000 | 249,080,000 | 255,274,000 | 229,655,000 | 185,460,000 | 241,392,000 | 225,326,000 | 182,082,000 | 145,144,000 | 171,413,000 | 223,913,000 | 187,076,000 | 180,997,000 | 185,360,000 | 145,038,000 | 124,780,000 | 125,160,000 | 146,841,000 | 187,453,000 | 157,308,000 | 137,662,000 | 221,680,000 | 95,669,000 | 95,669,000 | 94,865,000 | 101,698,000 | 109,084,000 | 101,698,000 | 88,325,000 | 113,808,000 | 113,808,000 | |
derivative financial instruments | 223,000,000 | 115,000,000 | 178,000,000 | 252,000,000 | 36,000,000 | 11,000,000 | 40,000,000 | 51,000,000 | 52,000,000 | 25,000,000 | 70,087,000 | 46,516,000 | 42,651,000 | 59,083,000 | 63,524,000 | 172,276,000 | 178,161,000 | 54,184,000 | 70,407,000 | 56,230,000 | 48,652,000 | 70,082,000 | 10,155,000 | 868,000 | 21,751,000 | 11,633,000 | 38,559,000 | 60,451,000 | 19,565,000 | 106,933,000 | 94,473,000 | 73,940,000 | 99,320,000 | 52,796,000 | 128,101,000 | 153,820,000 | 928,000 | 3,592,000 | 120,524,000 | 134,574,000 | 110,747,000 | 108,918,000 | 318,252,000 | 14,853,000 | 56,305,000 | 56,324,000 | 87,845,000 | 48,295,000 | 26,037,000 | 51,820,000 | 97,799,000 | 55,296,000 | 155,410,000 | 84,642,000 | 74,074,000 | 130,835,000 | 144,904,000 | 56,491,000 | 37,515,000 | 45,516,000 | 83,107,000 | 114,094,000 | 105,084,000 | 111,921,000 | 33,030,000 | 81,935,000 | 158,629,000 | 300,308,000 | 316,291,000 | 213,892,000 | ||||||||||||||
total current assets | 2,204,000,000 | 2,211,000,000 | 1,887,000,000 | 2,450,000,000 | 1,828,000,000 | 1,705,000,000 | 1,831,000,000 | 1,886,000,000 | 1,870,000,000 | 1,792,000,000 | 1,780,709,000 | 1,968,835,000 | 2,413,597,000 | 3,205,006,000 | 2,837,046,000 | 3,560,888,000 | 3,176,939,000 | 3,600,271,000 | 4,167,381,000 | 5,009,230,000 | 5,649,969,000 | 4,311,747,000 | 3,531,795,000 | 4,684,440,000 | 4,594,201,000 | 1,162,628,000 | 1,203,957,000 | 1,282,967,000 | 1,333,122,000 | 1,242,044,000 | 1,359,000,000 | 1,099,896,000 | 1,034,526,000 | 843,028,000 | 798,152,000 | 767,641,000 | 756,689,000 | 748,305,000 | 803,069,000 | 857,938,000 | 892,286,000 | 837,022,000 | 900,826,000 | 913,391,000 | 951,203,000 | 801,083,000 | 860,226,000 | 978,340,000 | 1,010,933,000 | 956,374,000 | 1,018,675,000 | 953,094,000 | 958,614,000 | 1,033,180,000 | 954,148,000 | 1,123,497,000 | 969,288,000 | 1,223,118,000 | 1,326,876,000 | 1,214,686,000 | 1,015,071,000 | 1,043,307,000 | 911,148,000 | 917,228,000 | 1,026,391,000 | 1,020,636,000 | 910,461,000 | 900,159,000 | 977,337,000 | 1,045,854,000 | 1,243,819,000 | 1,249,056,000 | 992,791,000 | 1,060,271,000 | 983,313,000 | 983,313,000 | 961,124,000 | 574,550,000 | 806,915,000 | 574,550,000 | ||||
property and equipment | 35,884,000,000 | 35,696,000,000 | 34,620,000,000 | 32,351,000,000 | 31,904,000,000 | 31,831,000,000 | 31,706,000,000 | 31,759,000,000 | 30,025,000,000 | 30,114,000,000 | 27,854,624,000 | 27,935,922,000 | 27,466,333,000 | 27,546,445,000 | 27,693,240,000 | 27,556,323,000 | 26,940,867,000 | 25,907,949,000 | 25,699,712,000 | 25,872,907,000 | 25,794,798,000 | 25,246,595,000 | 25,362,549,000 | 25,647,715,000 | 25,857,215,000 | 25,466,808,000 | 25,005,404,000 | 24,855,174,000 | 23,641,251,000 | 23,466,163,000 | 22,599,589,000 | 21,429,719,000 | 21,207,786,000 | 19,735,180,000 | 19,688,872,000 | 19,798,542,000 | 19,860,696,000 | 20,161,427,000 | 20,230,803,000 | 20,185,878,000 | 18,828,743,000 | 18,777,778,000 | 18,776,782,000 | 18,890,338,000 | 18,232,115,000 | 18,235,568,000 | 17,211,775,000 | 17,474,143,000 | 17,504,257,000 | 17,517,752,000 | 17,494,039,000 | 17,511,913,000 | 17,473,793,000 | 16,820,816,000 | 16,887,693,000 | 16,949,764,000 | 16,934,817,000 | 16,988,832,000 | 16,440,866,000 | 16,401,579,000 | 16,769,181,000 | 15,684,378,000 | 15,683,297,000 | 15,229,627,000 | 15,268,053,000 | 14,203,910,000 | 13,593,681,000 | 13,578,700,000 | 13,878,998,000 | 13,143,055,000 | 13,244,859,000 | 12,329,417,000 | 12,253,784,000 | 12,274,180,000 | ||||||||||
operating lease right-of-use assets | 611,000,000 | 620,000,000 | 628,000,000 | 656,000,000 | 661,000,000 | 677,000,000 | 649,000,000 | 589,000,000 | 599,000,000 | 611,000,000 | 529,721,000 | 551,534,000 | 521,209,000 | 537,559,000 | 554,424,000 | 569,561,000 | 535,532,000 | 542,128,000 | 560,224,000 | 559,508,000 | 579,541,000 | 599,985,000 | 584,477,000 | 609,422,000 | 619,439,000 | 687,555,000 | 697,461,000 | 720,854,000 | 777,551,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 808,000,000 | 808,000,000 | 808,000,000 | 808,000,000 | 808,000,000 | 808,000,000 | 809,000,000 | 809,000,000 | 809,000,000 | 809,000,000 | 809,206,000 | 809,250,000 | 809,258,000 | 809,277,000 | 809,201,000 | 809,298,000 | 809,435,000 | 809,383,000 | 809,373,000 | 809,435,000 | 809,459,000 | 809,480,000 | 809,471,000 | 809,384,000 | 809,216,000 | 1,385,644,000 | 1,373,065,000 | 1,373,124,000 | 1,378,362,000 | 1,378,353,000 | 1,374,923,000 | 288,418,000 | 288,479,000 | 288,512,000 | 288,517,000 | 288,479,000 | 288,470,000 | 288,386,000 | 288,461,000 | 288,399,000 | 286,852,000 | 286,764,000 | 286,707,000 | 409,836,000 | 405,422,000 | 420,542,000 | 426,538,000 | 438,367,000 | 439,345,000 | 439,231,000 | 436,647,000 | 430,666,000 | 429,198,000 | 742,466,000 | 736,280,000 | 758,445,000 | 746,537,000 | 760,769,000 | 800,436,000 | 786,725,000 | 759,328,000 | 768,048,000 | 718,399,000 | 763,554,000 | 792,373,000 | 803,189,000 | 781,609,000 | 753,774,000 | 779,246,000 | 782,183,000 | 844,162,000 | 842,940,000 | 797,791,000 | 772,816,000 | 278,561,000 | 278,561,000 | 278,561,000 | 278,561,000 | ||||||
other assets | 2,483,000,000 | 2,284,000,000 | 2,166,000,000 | 2,277,000,000 | 2,251,000,000 | 2,049,000,000 | 1,564,982,000 | 1,617,649,000 | 1,545,574,000 | 1,576,843,000 | 1,589,763,000 | 1,611,710,000 | 1,760,028,000 | 1,239,003,000 | 1,440,181,000 | 1,429,597,000 | 1,323,773,000 | 1,169,506,000 | 1,111,402,000 | 1,112,206,000 | 1,127,929,000 | 1,139,278,000 | 955,532,000 | 1,020,291,000 | 994,533,000 | 1,181,629,000 | 1,280,853,000 | 1,255,997,000 | 1,101,371,000 | 1,121,361,000 | 1,171,605,000 | 1,159,590,000 | 1,136,884,000 | 1,055,121,000 | 1,004,496,000 | 1,071,760,000 | 1,117,983,000 | 1,197,253,000 | 1,153,763,000 | 1,197,307,000 | 1,380,320,000 | 1,372,502,000 | 1,151,324,000 | 1,110,075,000 | 990,170,000 | 1,126,737,000 | 1,146,677,000 | 1,158,560,000 | 1,050,906,000 | 958,394,000 | 827,729,000 | 799,594,000 | 1,128,196,000 | 1,130,320,000 | 937,915,000 | 1,058,551,000 | 563,361,000 | 563,361,000 | 535,790,000 | 526,136,000 | 534,036,000 | 526,136,000 | 526,136,000 | 535,743,000 | 571,557,000 | 571,557,000 | ||||||||||||||||||
total assets | 41,990,000,000 | 41,619,000,000 | 40,109,000,000 | 38,542,000,000 | 37,452,000,000 | 37,070,000,000 | 37,067,000,000 | 36,974,000,000 | 35,190,000,000 | 35,131,000,000 | 32,768,672,000 | 32,923,348,000 | 32,870,487,000 | 33,776,361,000 | 33,464,190,000 | 33,943,245,000 | 32,939,998,000 | 32,258,355,000 | 32,665,566,000 | 33,691,962,000 | 34,347,073,000 | 32,465,187,000 | 31,828,810,000 | 33,306,543,000 | 33,445,053,000 | 30,320,284,000 | 29,825,461,000 | 29,808,962,000 | 28,720,049,000 | 27,698,270,000 | 27,093,540,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 1,448,000,000 | 3,180,000,000 | 3,074,000,000 | 1,402,000,000 | 1,396,000,000 | 1,603,000,000 | 1,868,000,000 | 1,332,000,000 | 1,643,000,000 | 1,720,000,000 | 2,043,965,000 | 1,713,299,000 | 2,055,307,000 | 2,087,711,000 | 3,945,145,000 | 5,466,486,000 | 2,558,463,000 | 2,243,131,000 | 956,743,000 | 970,627,000 | 221,299,000 | 961,768,000 | 1,186,586,000 | 1,646,841,000 | 1,528,613,000 | 1,177,626,000 | 1,144,017,000 | 1,188,514,000 | 1,515,708,000 | 1,541,519,000 | 1,727,970,000 | 1,285,735,000 | 1,298,002,000 | 895,411,000 | 895,490,000 | 899,677,000 | 905,128,000 | 1,188,576,000 | 1,089,345,000 | 799,630,000 | 772,245,000 | 494,579,000 | 535,834,000 | 1,563,378,000 | 1,942,849,000 | 1,906,468,000 | 2,491,064,000 | 1,154,948,000 | 1,156,549,000 | 639,365,000 | 638,891,000 | 639,497,000 | 703,245,000 | 702,484,000 | 1,198,929,000 | 1,104,706,000 | 1,001,343,000 | 1,255,673,000 | 756,215,000 | 667,608,000 | 723,283,000 | 473,579,000 | 471,893,000 | 430,861,000 | 430,754,000 | 201,614,000 | 351,725,000 | 955,309,000 | 955,309,000 | 1,080,736,000 | 315,232,000 | 314,265,000 | 315,232,000 | 122,544,000 | 237,270,000 | 237,270,000 | ||||||||
current portion of operating lease liabilities | 79,000,000 | 90,000,000 | 85,000,000 | 84,000,000 | 75,000,000 | 74,000,000 | 68,000,000 | 64,000,000 | 63,000,000 | 65,000,000 | 80,983,000 | 81,797,000 | 78,385,000 | 79,760,000 | 75,179,000 | 71,651,000 | 74,234,000 | 68,922,000 | 71,341,000 | 84,842,000 | 97,431,000 | 102,677,000 | 102,251,000 | 102,814,000 | 98,883,000 | 96,976,000 | 93,058,000 | 92,523,000 | 88,497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 1,010,000,000 | 953,000,000 | 828,000,000 | 959,000,000 | 956,000,000 | 919,000,000 | 851,000,000 | 821,000,000 | 876,000,000 | 792,000,000 | 715,386,000 | 692,011,000 | 714,837,000 | 646,727,000 | 623,565,000 | 760,864,000 | 668,158,000 | 545,978,000 | 461,411,000 | 384,683,000 | 340,872,000 | 353,422,000 | 421,023,000 | 661,427,000 | 1,414,394,000 | 563,706,000 | 538,949,000 | 531,788,000 | 497,180,000 | 488,212,000 | 432,086,000 | 418,616,000 | 454,576,000 | 360,113,000 | 384,536,000 | 376,508,000 | 362,992,000 | 305,313,000 | 259,027,000 | 319,606,000 | 371,854,000 | 302,072,000 | 305,747,000 | 343,981,000 | 336,869,000 | 331,505,000 | 340,702,000 | 331,462,000 | 359,518,000 | 372,226,000 | 396,482,000 | 314,197,000 | 337,441,000 | 361,094,000 | 316,409,000 | 291,034,000 | 304,623,000 | 323,082,000 | 343,162,000 | 334,985,000 | 249,047,000 | 281,051,000 | 292,047,000 | 242,350,000 | 264,554,000 | 270,472,000 | 262,647,000 | 241,431,000 | 245,225,000 | 222,631,000 | 255,487,000 | 207,342,000 | 222,895,000 | 192,424,000 | 175,092,000 | 175,092,000 | 195,515,000 | 187,756,000 | 194,781,000 | 187,756,000 | 171,153,000 | 154,320,000 | 154,320,000 | |
accrued expenses and other liabilities | 1,968,000,000 | 2,026,000,000 | 1,847,000,000 | 1,701,000,000 | 1,504,000,000 | 1,635,000,000 | 1,476,000,000 | 1,410,000,000 | 1,236,000,000 | 1,478,000,000 | 1,210,858,000 | 1,391,553,000 | 1,200,590,000 | 1,071,129,000 | 858,936,000 | 862,825,000 | 774,007,000 | 887,575,000 | 658,987,000 | 552,992,000 | 534,744,000 | 615,750,000 | 677,594,000 | 810,536,000 | 1,022,405,000 | 1,078,345,000 | 979,939,000 | 946,530,000 | 823,097,000 | 899,761,000 | 859,948,000 | 751,585,000 | 680,397,000 | 903,022,000 | 748,442,000 | 655,480,000 | 634,009,000 | 692,322,000 | 678,874,000 | 551,293,000 | 525,551,000 | 658,601,000 | 630,455,000 | 519,080,000 | 521,408,000 | 635,138,000 | 719,349,000 | 576,233,000 | 559,823,000 | 563,702,000 | 623,664,000 | 541,699,000 | 493,788,000 | 605,699,000 | 544,549,000 | 520,361,000 | 564,272,000 | 526,158,000 | 480,656,000 | 454,719,000 | 552,543,000 | 645,569,000 | 658,389,000 | 529,818,000 | 487,764,000 | 513,345,000 | 493,792,000 | 565,051,000 | 687,369,000 | 451,922,000 | 489,738,000 | 484,957,000 | 533,674,000 | 644,494,000 | 324,742,000 | 324,742,000 | 284,025,000 | 271,944,000 | 255,868,000 | 271,944,000 | 308,281,000 | 282,221,000 | 282,221,000 | |
customer deposits | 6,548,000,000 | 5,739,000,000 | 5,604,000,000 | 6,379,000,000 | 6,334,000,000 | 5,496,000,000 | 5,324,000,000 | 6,245,000,000 | 6,040,000,000 | 5,311,000,000 | 5,032,328,000 | 5,676,341,000 | 5,270,589,000 | 4,167,997,000 | 3,774,499,000 | 4,168,743,000 | 3,567,401,000 | 3,160,867,000 | 2,766,150,000 | 2,363,505,000 | 1,830,144,000 | 1,784,832,000 | 1,820,038,000 | 1,805,874,000 | 2,373,092,000 | 3,428,138,000 | 3,410,205,000 | 3,909,454,000 | 3,729,661,000 | 3,148,837,000 | 3,111,682,000 | 3,049,145,000 | 2,785,462,000 | 2,243,682,000 | 2,226,179,000 | 2,532,693,000 | 2,301,579,000 | 1,965,473,000 | 1,967,678,000 | 2,222,196,000 | 1,946,668,000 | 1,742,286,000 | 1,886,356,000 | 2,217,215,000 | 1,992,569,000 | 1,766,914,000 | 1,839,112,000 | 2,103,140,000 | 1,856,581,000 | 1,664,679,000 | 1,760,985,000 | 1,874,704,000 | 1,634,373,000 | 1,584,597,000 | 1,705,128,000 | 1,547,555,000 | 1,436,003,000 | 1,479,968,000 | 1,660,614,000 | 1,404,031,000 | 1,283,073,000 | 1,266,794,000 | 1,398,003,000 | 1,230,133,000 | 1,059,524,000 | 1,002,488,000 | 1,109,322,000 | 934,430,000 | 968,520,000 | 1,158,151,000 | 1,442,338,000 | 1,198,812,000 | 1,084,359,000 | 1,175,262,000 | 842,524,000 | 842,524,000 | 1,037,036,000 | 729,595,000 | 879,795,000 | 729,595,000 | 567,955,000 | 530,953,000 | 530,953,000 | |
total current liabilities | 11,065,000,000 | 12,055,000,000 | 11,469,000,000 | 10,573,000,000 | 10,300,000,000 | 9,817,000,000 | 9,631,000,000 | 9,894,000,000 | 9,905,000,000 | 9,401,000,000 | 9,241,685,000 | 9,666,865,000 | 9,441,544,000 | 8,573,464,000 | 9,793,994,000 | 11,719,382,000 | 8,007,164,000 | 7,285,683,000 | 5,242,920,000 | 4,679,715,000 | 3,314,830,000 | 4,537,121,000 | 4,625,465,000 | 4,736,908,000 | 8,982,370,000 | 7,952,896,000 | 7,113,534,000 | 7,586,140,000 | 8,105,943,000 | 7,112,165,000 | 7,072,942,000 | 5,502,350,000 | 5,195,154,000 | 4,790,264,000 | 5,057,112,000 | 5,285,953,000 | 5,271,742,000 | 4,441,601,000 | 4,500,570,000 | 4,373,631,000 | 4,397,944,000 | 4,292,827,000 | 4,360,491,000 | 4,791,538,000 | 4,336,291,000 | 3,849,247,000 | 3,737,740,000 | 3,549,420,000 | 3,382,779,000 | 4,267,010,000 | 4,844,565,000 | 4,712,175,000 | 5,060,504,000 | 3,826,185,000 | 3,809,112,000 | 3,099,874,000 | 3,067,642,000 | 3,115,241,000 | 3,287,930,000 | 3,010,876,000 | 3,444,498,000 | 3,452,826,000 | 3,454,829,000 | 3,372,180,000 | 2,749,030,000 | 2,762,817,000 | 2,862,689,000 | 2,462,793,000 | 2,674,225,000 | 2,541,332,000 | 2,782,739,000 | 2,350,204,000 | 2,339,295,000 | 2,570,798,000 | 2,297,667,000 | 2,297,667,000 | 2,597,312,000 | 1,504,527,000 | 1,644,709,000 | 1,504,527,000 | ||||
long-term debt | 19,666,000,000 | 18,165,000,000 | 17,203,000,000 | 17,612,000,000 | 17,993,000,000 | 18,473,000,000 | 18,972,000,000 | 19,785,000,000 | 18,876,000,000 | 19,732,000,000 | 17,924,927,000 | 18,685,633,000 | 19,404,804,000 | 21,303,480,000 | 19,384,226,000 | 17,746,721,000 | 19,943,513,000 | 18,847,209,000 | 19,882,760,000 | 20,078,789,000 | 20,714,376,000 | 17,957,956,000 | 17,633,737,000 | 17,753,424,000 | 12,273,322,000 | 8,414,110,000 | 8,819,212,000 | 8,922,011,000 | 7,526,330,000 | 8,355,370,000 | 7,646,988,000 | 7,341,463,000 | 7,664,722,000 | 6,350,937,000 | 6,076,499,000 | 6,478,806,000 | 6,841,403,000 | 8,101,701,000 | 8,419,850,000 | 9,153,499,000 | 7,806,690,000 | 7,767,378,000 | 7,584,808,000 | 7,592,330,000 | 7,470,260,000 | 7,644,318,000 | 6,213,829,000 | 7,099,269,000 | 7,461,530,000 | 6,511,426,000 | 5,980,912,000 | 6,347,640,000 | 5,975,890,000 | 6,623,920,000 | 7,068,902,000 | 7,898,822,000 | 7,856,962,000 | 8,136,206,000 | 7,901,646,000 | 8,076,793,000 | 7,951,187,000 | 6,980,254,000 | 7,109,013,000 | 6,847,719,000 | 7,663,555,000 | 6,628,442,000 | 6,045,388,000 | 6,493,714,000 | 6,539,510,000 | 5,597,943,000 | 5,941,206,000 | 5,747,371,000 | 5,346,547,000 | 5,350,523,000 | 4,888,114,000 | 4,888,114,000 | 4,896,425,000 | 5,520,572,000 | 5,509,907,000 | 5,475,786,000 | 5,520,572,000 | 5,322,294,000 | 5,234,693,000 | 5,234,693,000 |
long-term operating lease liabilities | 599,000,000 | 600,000,000 | 613,000,000 | 639,000,000 | 655,000,000 | 670,000,000 | 648,000,000 | 591,000,000 | 603,000,000 | 613,000,000 | 517,337,000 | 537,641,000 | 509,530,000 | 523,006,000 | 542,576,000 | 561,160,000 | 523,924,000 | 534,726,000 | 549,099,000 | 533,551,000 | 547,327,000 | 563,876,000 | 546,494,000 | 569,392,000 | 583,979,000 | 601,641,000 | 620,570,000 | 644,088,000 | 708,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 632,000,000 | 554,000,000 | 536,000,000 | 358,000,000 | 362,000,000 | 375,000,000 | 592,000,000 | 522,000,000 | 481,000,000 | 486,000,000 | 488,534,000 | 492,127,000 | 489,188,000 | 507,599,000 | 537,970,000 | 517,884,000 | 476,469,000 | 505,181,000 | 523,289,000 | 515,892,000 | 598,158,000 | 645,565,000 | 694,520,000 | 698,045,000 | 796,182,000 | 617,810,000 | 731,844,000 | 561,550,000 | 560,690,000 | 583,254,000 | 497,705,000 | 439,525,000 | 464,300,000 | 452,813,000 | 530,215,000 | 576,001,000 | 637,282,000 | 645,610,000 | 739,693,000 | 798,698,000 | 871,010,000 | 798,611,000 | 757,763,000 | 691,086,000 | 1,089,132,000 | 935,266,000 | 627,313,000 | 514,282,000 | 504,899,000 | 486,246,000 | 498,684,000 | 524,720,000 | 491,172,000 | 515,456,000 | 546,416,000 | 437,693,000 | 471,978,000 | 480,483,000 | 410,643,000 | 409,840,000 | 356,717,000 | 321,484,000 | 491,405,000 | 351,845,000 | 321,192,000 | 351,290,000 | 379,745,000 | 484,775,000 | 446,563,000 | 611,100,000 | 689,785,000 | 547,172,000 | 539,096,000 | 589,040,000 | 37,339,000 | 37,339,000 | 31,867,000 | 34,746,000 | 38,026,000 | 34,746,000 | 34,746,000 | 11,610,000 | 69,868,000 | 69,868,000 |
total liabilities | 31,962,000,000 | 31,374,000,000 | 29,821,000,000 | 29,182,000,000 | 29,310,000,000 | 29,335,000,000 | 29,843,000,000 | 30,792,000,000 | 29,865,000,000 | 30,232,000,000 | 28,172,483,000 | 29,382,266,000 | 29,845,066,000 | 30,907,549,000 | 30,258,766,000 | 30,545,147,000 | 28,951,070,000 | 27,172,799,000 | 26,198,068,000 | 25,807,947,000 | 25,174,691,000 | 23,704,518,000 | 23,500,216,000 | 23,757,769,000 | 22,635,853,000 | 17,586,457,000 | 17,285,160,000 | 17,713,789,000 | 16,901,334,000 | 16,050,789,000 | 15,217,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,845,000 | 2,844,000 | 2,840,000 | 2,832,000 | 2,832,000 | 2,831,000 | 2,830,000 | 2,827,000 | 2,827,000 | 2,826,000 | 2,824,000 | 2,652,000 | 2,425,000 | 2,372,000 | 2,372,000 | 2,365,000 | 2,365,000 | 2,364,000 | 2,364,000 | 2,358,000 | 2,358,000 | 2,358,000 | 2,357,000 | 2,352,000 | 2,351,000 | 2,351,000 | 2,351,000 | 2,346,000 | 2,346,000 | 2,346,000 | 2,345,000 | 2,339,000 | 2,338,000 | 2,337,000 | 2,337,000 | 2,331,000 | 2,329,000 | 2,326,000 | 2,324,000 | 2,308,000 | 2,302,000 | 2,299,000 | 2,297,000 | 2,284,000 | 2,282,000 | 2,282,000 | 2,276,000 | 2,275,000 | 2,273,000 | 2,273,000 | 2,262,000 | 2,255,000 | 2,254,000 | 2,252,000 | 2,243,000 | 2,242,000 | 2,241,000 | 2,241,000 | 2,239,000 | 2,239,000 | 2,238,000 | 1,961,000 | 1,930,000 | 1,924,000 | 1,924,000 | |||||||||
paid-in capital | 7,867,000,000 | 7,964,000,000 | 7,921,000,000 | 7,874,000,000 | 7,846,000,000 | 7,831,000,000 | 7,669,000,000 | 7,536,000,000 | 7,496,000,000 | 7,474,000,000 | 7,422,041,000 | 7,406,818,000 | 7,351,493,000 | 7,284,852,000 | 7,270,521,000 | 7,254,939,000 | 7,267,545,000 | 7,557,297,000 | 7,547,210,000 | 7,527,305,000 | 7,513,318,000 | 5,998,574,000 | 4,329,557,000 | 3,700,288,000 | 3,473,253,000 | 3,493,959,000 | 3,466,641,000 | 3,454,831,000 | 3,432,419,000 | 3,420,900,000 | 3,425,810,000 | 3,397,561,000 | 3,390,055,000 | 3,390,117,000 | 3,375,969,000 | 3,357,348,000 | 3,338,269,000 | 3,328,517,000 | 3,316,385,000 | 3,306,685,000 | 3,298,515,000 | 3,297,619,000 | 3,279,806,000 | 3,267,189,000 | 3,257,809,000 | 3,253,552,000 | 3,241,723,000 | 3,223,832,000 | 3,209,081,000 | 3,159,038,000 | 3,137,112,000 | 3,125,172,000 | 3,117,135,000 | 3,093,326,000 | 3,085,662,000 | 3,080,504,000 | 3,071,759,000 | 3,066,162,000 | 3,054,797,000 | 3,048,894,000 | 3,027,130,000 | 3,007,803,000 | 3,002,106,000 | 2,994,006,000 | 2,973,495,000 | 2,969,663,000 | 2,962,610,000 | 2,958,477,000 | 2,952,540,000 | 2,947,528,000 | 2,942,910,000 | 2,948,774,000 | 2,942,935,000 | 2,935,123,000 | 2,166,487,000 | 2,166,487,000 | 2,159,053,000 | 2,100,612,000 | 2,143,357,000 | 2,100,612,000 | 2,100,612,000 | 2,053,649,000 | 2,046,807,000 | 2,046,807,000 |
retained earnings | 6,460,000,000 | 5,925,000,000 | 5,443,000,000 | 4,144,000,000 | 3,139,000,000 | 2,612,000,000 | 2,207,000,000 | 1,204,000,000 | 350,000,000 | 302,276,000 | 1,659,244,000 | 3,083,798,000 | 4,431,053,000 | 5,562,775,000 | 6,929,710,000 | 8,276,463,000 | 9,915,758,000 | 11,523,326,000 | 11,412,773,000 | 10,692,890,000 | 10,366,612,000 | 10,263,282,000 | 10,093,892,000 | 9,429,784,000 | 9,090,544,000 | 9,022,405,000 | 8,862,369,000 | 8,238,055,000 | 7,971,840,000 | 7,860,341,000 | 7,702,260,000 | 7,112,096,000 | 6,962,858,000 | 6,944,862,000 | 6,819,809,000 | 6,673,516,000 | 6,554,522,000 | 6,575,248,000 | 6,531,569,000 | 6,108,116,000 | 6,026,036,000 | 6,054,952,000 | 6,103,290,000 | 5,792,568,000 | 5,794,167,000 | 6,163,842,000 | 5,823,175,000 | 5,848,616,000 | 5,823,430,000 | 5,809,150,000 | 5,431,899,000 | 5,393,300,000 | 5,301,748,000 | 5,259,710,000 | 4,902,943,000 | 4,842,397,000 | 4,754,950,000 | 4,751,597,000 | 4,521,205,000 | 4,556,291,000 | 4,592,529,000 | 4,591,052,000 | 4,211,195,000 | 4,158,469,000 | 4,114,877,000 | 4,076,028,000 | 2,585,195,000 | 2,585,195,000 | 2,328,608,000 | 2,162,195,000 | 2,232,310,000 | 2,162,195,000 | 2,162,195,000 | 1,982,580,000 | 1,759,232,000 | 1,759,232,000 | ||||||||
accumulated other comprehensive loss | -385,000,000 | -604,000,000 | -528,000,000 | -519,000,000 | -695,000,000 | -802,000,000 | -753,000,000 | -654,000,000 | -617,000,000 | -674,000,000 | -644,976,000 | -680,004,000 | -677,944,000 | -643,214,000 | -792,477,000 | -551,252,000 | -494,609,000 | -710,885,000 | -675,824,000 | -663,955,000 | -708,854,000 | -739,341,000 | -869,107,000 | -951,227,000 | -1,095,617,000 | -797,713,000 | -946,363,000 | -653,173,000 | -578,980,000 | -627,734,000 | -230,580,000 | -265,200,000 | -182,815,000 | -334,265,000 | -526,894,000 | -761,038,000 | -892,322,000 | -916,484,000 | -1,077,534,000 | -1,172,062,000 | -1,322,560,000 | -1,328,433,000 | -1,196,389,000 | -973,024,000 | -1,190,980,000 | -161,360,000 | -143,087,000 | -225,741,000 | -23,517,000 | -353,560,000 | -1,015,000 | -1,015,000 | ||||||||||||||||||||||||||||||||
treasury stock | -4,135,000,000 | -3,251,000,000 | -2,747,000,000 | -2,333,000,000 | -2,333,000,000 | -2,081,000,000 | -2,081,000,000 | -2,081,000,000 | -2,081,000,000 | -2,069,000,000 | -2,069,432,000 | -2,069,432,000 | -2,069,432,000 | -2,068,229,000 | -2,068,229,000 | -2,068,229,000 | -2,068,229,000 | -2,065,959,000 | -2,065,959,000 | -2,065,959,000 | -2,065,959,000 | -2,063,991,000 | -2,063,991,000 | -2,063,991,000 | -2,063,991,000 | -2,058,091,000 | -1,958,509,000 | -1,958,509,000 | -1,953,345,000 | -1,953,345,000 | -1,953,345,000 | -1,790,805,000 | -1,653,345,000 | -1,378,306,000 | -1,278,307,000 | -1,153,308,000 | -1,153,308,000 | -1,153,308,000 | -1,153,308,000 | -1,103,400,000 | -1,053,389,000 | -853,348,000 | -649,778,000 | -649,778,000 | -649,778,000 | -649,778,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,704,000 | -413,703,000 | -413,704,000 | -413,704,000 | -424,360,000 | -424,220,000 | -424,080,000 | -423,659,000 | -423,520,000 | -8,137,000 | -8,137,000 | -7,997,000 | -7,717,000 | -7,857,000 | -7,717,000 | -7,717,000 | -7,158,000 | -6,738,000 | -6,738,000 | |||
total shareholders’ equity attributable to royal caribbean cruises ltd. | 9,810,000,000 | 10,037,000,000 | 10,092,000,000 | 9,169,000,000 | 7,960,000,000 | 7,563,000,000 | 7,045,000,000 | 6,008,000,000 | 5,151,000,000 | 4,422,976,000 | 3,363,648,000 | 2,851,618,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 218,000,000 | 208,000,000 | 172,000,000 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 10,028,000,000 | 10,288,000,000 | 9,360,000,000 | 8,142,000,000 | 7,224,000,000 | 6,182,000,000 | 5,325,000,000 | 4,596,189,000 | 3,541,082,000 | 3,025,421,000 | 3,205,424,000 | 3,398,098,000 | 3,988,928,000 | 6,467,498,000 | 7,884,015,000 | 9,172,382,000 | 8,328,594,000 | 8,963,905,000 | 10,231,775,000 | 11,976,907,000 | 11,538,403,000 | 11,269,070,000 | 11,338,135,000 | 10,773,698,000 | 10,646,796,000 | 10,435,488,000 | 9,683,408,000 | 9,266,830,000 | 8,790,149,000 | 8,145,665,000 | 7,887,769,000 | 8,255,786,000 | 8,320,240,000 | 7,973,910,000 | 9,021,028,000 | 8,849,240,000 | 8,776,932,000 | 8,762,084,000 | 8,366,259,000 | 8,338,535,000 | 8,702,661,000 | 8,271,674,000 | 8,592,570,000 | 8,407,823,000 | 8,438,096,000 | 8,348,279,000 | 8,277,983,000 | 7,942,502,000 | 7,851,244,000 | 7,247,767,000 | 7,465,402,000 | 7,499,717,000 | 7,443,746,000 | 7,048,835,000 | 6,749,745,000 | 6,803,012,000 | 7,020,311,000 | 7,047,306,000 | 6,906,986,000 | 6,757,343,000 | 6,655,457,000 | |||||||||||||||||||||||
total liabilities and shareholders’ equity | 41,990,000,000 | 41,619,000,000 | 40,109,000,000 | 38,542,000,000 | 37,452,000,000 | 37,070,000,000 | 37,067,000,000 | 36,974,000,000 | 35,190,000,000 | 35,131,000,000 | 32,768,672,000 | 32,923,348,000 | 32,870,487,000 | 33,776,361,000 | 33,464,190,000 | 33,943,245,000 | 32,939,998,000 | 32,258,355,000 | 32,665,566,000 | 33,691,962,000 | 34,347,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 10,245,000,000 | 7,735,000,000 | 4,899,000,000 | 2,868,812,000 | 5,085,556,000 | 8,760,669,000 | 12,163,846,000 | 11,105,461,000 | 10,702,303,000 | 9,121,412,000 | 8,063,039,000 | 8,284,359,000 | 8,808,265,000 | 4,778,649,000 | 4,778,649,000 | 4,488,021,000 | 4,262,897,000 | 4,365,835,000 | 4,262,897,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 196,000,000 | 191,000,000 | 182,000,000 | 179,000,000 | 174,000,000 | 174,000,000 | 173,213,000 | 177,434,000 | 173,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 8 and 7 at september 30, 2024 and december 31, 2023, respectively | 441,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 42 and 43 at september 30, 2024 and december 31, 2023, respectively | 2,072,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 8 and 7 at june 30, 2024 and december 31, 2023, respectively | 412,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 42 and 43 at june 30, 2024 and december 31, 2023, respectively | 1,931,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 9 and 7 at march 31, 2024 and december 31, 2023, respectively | 455,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 43 at march 31, 2024 and december 31, 2023. | 1,887,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 6.6 and 11.6 at december 31, 2023 and december 31, 2022, respectively | 405,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 42.7 and 71.6 at december 31, 2023 and december 31, 2022, respectively | 1,805,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -10,000,000 | -287,502,000 | -1,296,578,000 | -1,755,339,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity attributable to royal caribbean cruises ltd | 4,724,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 7,899 and 11,612 at september 30, 2023 and december 31, 2022, respectively | 360,151,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 62,777 and 71,614 at september 30, 2023 and december 31, 2022, respectively | 1,794,412,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 10,027 and 11,612 at june 30, 2023 and december 31, 2022, respectively | 375,357,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 62,833 and 71,614 at june 30, 2023 and december 31, 2022, respectively | 1,657,807,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 10,483 and 11,612 at march 31, 2023 and december 31, 2022, respectively | 379,177,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 63,102 and 71,614 at march 31, 2023 and december 31, 2022, respectively | 1,660,090,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 11,612 and 13,411 at december 31, 2022 and december 31, 2021, respectively | 531,066,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 71,614 and 86,781 at december 31, 2022 and december 31, 2021, respectively | 1,678,074,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest | 388,828,000 | 274,022,000 | 301,629,000 | 263,347,000 | 251,974,000 | 248,983,000 | 270,343,000 | 236,942,000 | 252,668,000 | 234,375,000 | 122,204,000 | 114,738,000 | 70,090,000 | 124,561,000 | 75,313,000 | 120,131,000 | 74,550,000 | 94,977,000 | 61,175,000 | 90,388,000 | 47,469,000 | 92,914,000 | 51,652,000 | 91,372,000 | 46,166,000 | 95,112,000 | 47,415,000 | 80,888,000 | 38,325,000 | 83,281,000 | 54,072,000 | 77,848,000 | 49,074,000 | 66,332,000 | 44,006,000 | 71,023,000 | 103,025,000 | 120,585,000 | 75,107,000 | 103,838,000 | 119,847,000 | 86,477,000 | 101,559,000 | 123,853,000 | 146,536,000 | 100,253,000 | 114,657,000 | 160,906,000 | 154,706,000 | 105,047,000 | 114,206,000 | 147,547,000 | 145,586,000 | 80,952,000 | 108,573,000 | 128,879,000 | 138,132,000 | |||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -1,707,429,000 | -1,207,223,000 | -1,240,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 10,542 and 13,411 at september 30, 2022 and december 31, 2021, respectively | 534,414,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 72,160 and 86,781 at september 30, 2022 and december 31, 2021, respectively | 1,570,279,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 7,897 and 13,411 at june 30, 2022 and december 31, 2021, respectively | 565,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 72,648 and 86,781 at june 30, 2022 and december 31, 2021, respectively | 1,447,175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 6,099 and 13,411 at march 31, 2022 and december 31, 2021, respectively | 506,160,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 86,594 and 86,781 at march 31, 2022 and december 31, 2021, respectively | 1,477,225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained (deficit) earnings | -718,609,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 13,411 and 3,867 at december 31, 2021 and december 31, 2020, respectively | 408,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 86,781 and 81,580 at december 31, 2021 and december 31, 2020, respectively | 1,398,624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commercial paper | 409,319,000 | 386,683,000 | 368,952,000 | 343,557,000 | 1,434,180,000 | 922,201,000 | 1,046,587,000 | 1,112,030,000 | 775,488,000 | 998,835,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 12,369 and 3,867 at september 30, 2021 and december 31, 2020, respectively | 397,232,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 85,089 and 81,580 at september 30, 2021 and december 31, 2020, respectively | 1,428,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 4,459 and 3,867 at june 30, 2021 and december 31, 2020, respectively | 345,055,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 85,369 and 81,580 at june 30, 2021 and december 31, 2020, respectively | 1,440,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 4,309 and 3,867 at march 31, 2021 and december 31, 2020, respectively | 226,740,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 81,580 and 81,580 at march 31, 2021 and december 31, 2020, respectively | 1,513,306,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 3,867 and 5,635 at december 31, 2020 and december 31, 2019, respectively | 284,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 81,580 and 0 at december 31, 2020 and december 31, 2019, respectively | 1,497,380,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable noncontrolling interest and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 584,869,000 | 577,425,000 | 569,981,000 | 563,394,000 | 556,770,000 | 549,645,000 | 542,020,000 | 537,770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interest and shareholders’ equity | 32,465,187,000 | 31,828,810,000 | 33,306,543,000 | 33,445,053,000 | 30,320,284,000 | 29,825,461,000 | 29,808,962,000 | 28,720,049,000 | 27,698,270,000 | 27,093,540,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 7,673 and 5,635at september 30, 2020 and december 31, 2019, respectively | 165,225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 73,156 and 0 at september 30, 2020and december 31, 2019, respectively | 1,540,518,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable noncontrolling interest and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of debt | 870,027,000 | 706,283,000 | 3,411,993,000 | 943,060,000 | 946,227,000 | 1,646,324,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables, net of allowances of 21,362 and 5,635at june 30, 2020 and december 31, 2019, respectively | 205,921,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, net of allowances of 61,990 and 0 at june 30, 2020and december 31, 2019, respectively | 1,555,582,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 85,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for sale | 99,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -896,994,000 | -340,889,000 | -71,330,000 | -46,805,000 | 5,671,000 | 74,872,000 | -75,938,000 | -25,787,000 | 273,014,000 | 247,220,000 | 25,066,000 | -4,820,000 | -245,832,000 | 40,451,000 | 182,733,000 | 133,947,000 | -319,936,000 | -96,288,000 | 315,043,000 | 221,445,000 | 120,955,000 | 65,592,000 | 33,111,000 | 33,111,000 | 6,367,000 | 5,846,000 | -3,958,000 | 5,846,000 | 5,846,000 | 3,693,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedged firm commitments | 33,426,000 | 163,318,000 | 192,693,000 | 139,729,000 | 172,339,000 | 139,635,000 | 164,422,000 | 257,479,000 | 146,642,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock (0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock (0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 223,509,136 shares issued, march 31, 2008 and december 31, 2007, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
respectively) | 2,238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008 and december 31, 2007, respectively) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
none outstanding) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
223,509,136 and 222,489,872 shares issued, december 31, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and december 31, 2006, respectively) | 2,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities current portion of long-term debt | 558,618,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock (.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
none outstanding, september 30, 2007 and december 31, 2006) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock (.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
223,365,773 and 222,489,872 shares issued, september 30, 2007 and december 31, 2006) | 2,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment — at cost less accumulated depreciation and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 10,176,534,000 | 10,176,534,000 | 10,238,150,000 | 9,943,495,000 | 9,938,965,000 | 9,943,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill — less accumulated amortization of 138,606 | 278,561,000 | 278,561,000 | 278,561,000 | 278,561,000 | 278,561,000 | 278,561,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
199,265,956 and 196,106,658 shares issued) | 1,993,000 | 1,993,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
198,990,778 and 196,106,658 shares issued) | 1,990,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
196,106,658 and 192,982,513 shares issued) | 1,961,000 | 1,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
198,304,185 and 196,106,658 shares issued) | 1,983,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property & equipment - at cost less accumulated depreciation and amortization | 9,943,495,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment — at cost less accumulated depreciation and amortization | 9,276,484,000 | 8,606,992,000 | 8,606,992,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets - sum | 10,538,531,000 | 10,309,535,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2004-10-21 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2002-05-07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 950,000,000 | 762,000,000 | 1,579,000,000 | 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 | -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 | -1,493,523,208 | 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 | 500,476,000 | 500,476,000 | 218,005,000 | 95,846,000 | 52,813,000 | ||||||||||||
adjustments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 461,000,000 | 453,000,000 | 436,000,000 | 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 | -752,495,303 | 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 | 293,528,000 | 293,528,000 | 194,240,000 | 96,579,000 | 82,827,000 |
net deferred income tax benefit | -1,000,000 | -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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on derivative instruments not designated as hedges | 8,000,000 | -4,000,000 | 11,000,000 | -54,000,000 | -2,000,000 | 69,000,000 | -32,000,000 | -49,904,000 | -3,397,000 | 10,873,000 | 4,603,000 | -16,654,000 | 491,000 | -19,739,000 | -36,485,000 | 120,765,000 | -25,660,000 | 24,942,000 | -4,868,000 | -21,848,000 | 39,317,000 | 2,374,000 | 18,434,000 | -14,455,000 | 9,555,000 | 32,705,000 | 35,075,000 | -8,951,000 | -1,890,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 38,000,000 | 39,000,000 | 44,000,000 | 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 | 16,192,000 | -7,428,000 | 24,674,000 | 9,282,000 | 14,652,000 | 27,322,000 | -63,373,939 | 31,601,000 | 11,655,000 | 20,164,000 | 16,990,000 | 17,090,000 | 18,117,000 | 17,262,000 | |||||||||||||||||||||||||||||||||||||||||
equity investment income | -84,000,000 | -101,000,000 | -158,000,000 | -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 | 168,021,244 | -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 | 53,000,000 | 25,000,000 | 26,000,000 | 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 | 60,000,000 | 6,000,000 | 0 | 0 | 10,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in trade and other receivables | -173,000,000 | 17,000,000 | 26,000,000 | -77,000,000 | -60,793,000 | 28,050,000 | -169,369,000 | -32,236,000 | 26,784,000 | -44,382,000 | -10,181,000 | 14,396,000 | 23,887,000 | -5,058,000 | -5,058,000 | -5,686,000 | -702,000 | -2,324,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in inventories | -7,000,000 | 8,000,000 | 9,000,000 | -6,000,000 | 12,000,000 | 2,716,000 | -9,520,000 | 10,164,000 | -4,366,000 | -11,052,000 | 567,000 | -709,000 | 5,391,000 | 1,120,000 | 274,000 | 9,574,000 | 9,146,000 | 1,673,000 | 6,104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other assets | -25,000,000 | -58,000,000 | 100,000,000 | -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 | -39,120,000 | -12,323,000 | -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 | 4,481,000 | -32,639,000 | -5,298,000 | 6,348,000 | 10,764,000 | -19,697,000 | -500,000 | 38,582,000 | -43,192,000 | -35,174,000 | -21,413,000 | ||||||||||||||||||||||||||||
increase in accounts payable | -8,000,000 | -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 | -35,341,263 | -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 | -13,868,000 | -13,868,000 | 6,555,000 | 5,821,000 | 10,250,000 | ||||||||||||||||||||||||||||||
decrease in accrued expenses and other liabilities | -279,000,000 | 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 | -9,566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in customer deposits | 809,000,000 | 135,000,000 | -775,000,000 | 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 | -348,844,010 | -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 | 112,715,000 | 112,715,000 | 307,227,000 | 149,986,000 | 84,868,000 |
other | 32,000,000 | 3,000,000 | 20,000,000 | 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 | 6,261,375 | -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 | 5,871,000 | 5,871,000 | 244,000 | 1,599,000 | 322,000 |
net cash from operating activities | 1,834,000,000 | 1,623,000,000 | 1,469,000,000 | 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 | -2,743,504,861 | 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 | 960,784,000 | 960,784,000 | 710,388,000 | 313,818,000 | 177,052,000 | ||
capital expenditures | -500,000,000 | -1,507,000,000 | -2,458,000,000 | -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 | -953,371,000 | -1,331,187,000 | -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 | 2,505,466,972 | -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 | 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 | -513,626,000 | -513,626,000 | -476,002,000 | -79,182,000 | -84,322,000 | |||
free cash flows | 1,334,000,000 | 116,000,000 | -989,000,000 | 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 | -474,731,000 | -1,860,034,000 | -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 | -238,037,889 | 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 | 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 | 447,158,000 | 447,158,000 | 234,386,000 | 234,636,000 | 92,730,000 | |||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -500,000,000 | -1,507,000,000 | -2,458,000,000 | -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 | 2,505,466,972 | -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 | -513,626,000 | -513,626,000 | -476,002,000 | -79,182,000 | -84,322,000 | |||||
cash received on settlement of derivative financial instruments | 17,000,000 | 56,000,000 | 33,000,000 | 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 | -73,931,471 | 4,813,000 | 4,708,000 | 64,487,000 | 6,220,000 | 22,138,000 | 21,054,000 | 13,812,000 | 13,101,000 | 4,739,000 | 13,860,000 | 4,236,000 | 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 | -3,000,000 | -12,000,000 | -1,000,000 | -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 | 50,792,926 | -15,993,000 | -40,324,000 | -11,571,000 | -19,707,000 | -53,290,000 | |||||||||||||||||||||||||||||||||||||||||||
investments in and loans to unconsolidated affiliates | -38,000,000 | -12,000,000 | -17,000,000 | -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 | 15,166,828 | -544,000 | -1,913,000 | 0 | 0 | -54,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
cash received on loans from unconsolidated affiliates | 56,000,000 | 66,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -529,000,000 | -1,479,000,000 | -2,387,000,000 | -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 | 3,354,122,842 | -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 | -522,673,000 | -522,673,000 | -479,953,000 | -66,856,000 | -87,219,000 | |||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt proceeds | 2,807,000,000 | 1,509,000,000 | 2,432,000,000 | 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 | -6,617,704,260 | 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 | -21,000,000 | -18,000,000 | -72,000,000 | -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 | 54,693,041 | -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 | -3,084,000,000 | -459,000,000 | -1,130,000,000 | -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 | 5,826,638,489 | -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 | ||||||||||
repurchase of common stock | -836,000,000 | -504,000,000 | -414,000,000 | 0 | -241,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -270,000,000 | -272,000,000 | -204,000,000 | -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 | 380,937,506 | -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 | ||||||||||||||||||||||||||||||||||||||
payments of withholding tax on stock awards | -185,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -1,617,000,000 | 254,000,000 | 615,000,000 | -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 | -764,555,927 | 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 | -27,323,000 | -27,323,000 | 145,816,000 | -24,051,000 | -187,194,000 | |||||
effect of exchange rate changes on cash and cash equivalents | -1,000,000 | -5,000,000 | 0 | 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 decrease in cash and cash equivalents | -313,000,000 | -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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 825,000,000 | 0 | 0 | 388,000,000 | 0 | 0 | 497,000,000 | 0 | 0 | 1,935,005,000 | 0 | 0 | 2,701,770,000 | 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 | 330,086,000 | 330,086,000 | 330,086,000 | 330,086,000 | 727,178,000 | ||||||||||||||||||
cash and cash equivalents at end of period | 512,000,000 | -303,000,000 | 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 | 133,701,000 | 1,968,504,000 | -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 | 740,874,000 | 740,874,000 | 706,337,000 | 552,997,000 | 629,817,000 | ||||||||||||||||||
net deferred income tax expense | 3,000,000 | 11,000,000 | 10,000,000 | -3,556,000 | -1,920,000 | -2,919,000 | 253,000 | 3,081,000 | 870,000 | 811,000 | 2,983,000 | 2,923,321 | -2,033,000 | 611,000 | -1,504,000 | 1,214,000 | -568,000 | 474,000 | 610,000 | 1,007,000 | 1,253,000 | -479,000 | 827,000 | 3,465,000 | -16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in trade and other receivables | 65,000,000 | 3,000,000 | 41,000,000 | -57,000,000 | -32,199,000 | 122,940,000 | -44,973,000 | -108,165,000 | -72,397,000 | 38,896,000 | 10,295,000 | 84,578,000 | 17,131,427 | -33,303,000 | -48,288,000 | -16,800,000 | 33,873,000 | -828,000 | -5,064,000 | -24,106,000 | 23,835,000 | 10,094,000 | 38,972,000 | -30,142,000 | 30,262,000 | 53,930,000 | 52,235,000 | -36,332,000 | 81,123,000 | -6,806,000 | 18,827,000 | 2,257,000 | -14,167,000 | 35,582,000 | 21,069,000 | 32,810,000 | -8,741,000 | 28,155,000 | 35,648,000 | 55,302,000 | -35,935,000 | 37,996,000 | 89,135,000 | -18,112,000 | 64,954,000 | |||||||||||||||||||||||||||||||||
increase in inventories | 0 | -6,494,000 | 13,170,000 | -8,078,000 | -49,642,000 | -29,242,000 | -3,708,000 | -15,598,000 | 796,000 | -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 | -6,622,000 | -6,622,000 | -11,518,000 | -3,181,000 | -787,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued expenses and other liabilities | 197,000,000 | 260,065,000 | -134,113,000 | -92,543,000 | -70,826,000 | -127,550,000 | 110,440,000 | 15,464,000 | 46,970,000 | 15,898,937 | 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 | 57,559,000 | 57,559,000 | 19,112,000 | -40,865,000 | ||||||||||||||||||||||||||||||||||||||||||||
dividends received from unconsolidated affiliates | 1,000,000 | 0 | 224,000 | 0 | 1,991,000 | 1,892,000 | 67,713,000 | 38,137,000 | 42,435,000 | -241,453,899 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -49,376,762 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||
premium on repayment of debt | 0 | 0 | 0 | -2,000,000 | -2,000,000 | -186,000,000 | 0 | -104,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of noncontrolling interest | -320,000 | 0 | 0 | 209,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 393,000,000 | -303,000,000 | 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 | -134,541,260 | -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 | 410,788,000 | 410,788,000 | 376,251,000 | 222,911,000 | -97,361,000 | ||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable trade | -124,000,000 | 2,000,000 | 22,000,000 | 35,000,000 | -60,000,000 | 78,000,000 | 31,720,000 | -26,395,000 | 56,682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of unconsolidated affiliates | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment loss | -20,471,000 | -73,997,000 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 141,915,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on derivative instruments not designated as hedges | 35,000,000 | -4,780,000 | 11,647,000 | 37,560,000 | -7,810,000 | -13,812,000 | 28,083,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 1,167,034,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 19,396,686 | -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 | 199,348,000 | 225,771,000 | 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 | -153,978,534 | 40,170,000 | 97,108,000 | 16,953,000 | 101,826,000 | 22,782,000 | 100,711,000 | 24,296,000 | 116,440,000 | 23,804,000 | 97,861,000 | 18,670,000 | 96,950,000 | 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 | 194,465,000 | 194,465,000 | 131,623,000 | 62,255,000 | 71,846,000 | ||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on derivative instruments not designated as hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment (income) loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in trade and other receivables | 18,095,000 | -12,884,000 | 81,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in inventories | 12,354,000 | 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 | 1,290,000 | 31,899,000 | -10,282,000 | 6,325,000 | 26,882,000 | 35,304,000 | 29,022,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -47,910,000 | -1,167,142,000 | -1,424,554,000 | -1,347,255,000 | -1,131,722,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -31,614,022 | 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 | -45,716,227 | 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 | -2,161,260,714 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net deferred income tax (benefit) expense | -520,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other assets | -48,722,000 | -49,095,000 | -26,118,000 | 21,834,000 | 225,005,000 | 24,476,000 | -26,088,000 | 76,399,230 | 10,648,000 | 9,035,000 | -23,052,000 | -23,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 13,666,320 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of deferred gain | 21,772,206 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of property and equipment | 5,256,000 | 0 | 0 | 230,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of unconsolidated affiliate | -13,201,785 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of silversea cruises, net of cash acquired | 915,218,865 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration for the acquisition of silversea cruises | -43,956,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock options | 0 | 2,000 | 384,000 | 290,000 | 1,187,000 | 24,000 | 241,000 | -4,201,736 | 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 | 60,742,000 | 60,742,000 | ||||||||||||||||||||||||||||
impairment losses | -33,617,349 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss related to skysea holding | 23,343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of pullmantur related assets | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property and equipment through asset trade-in | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (paid) received on settlement of derivative financial instruments | -45,182,000 | -8,747,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 10,151,000 | -2,681,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (gain) on fuel call options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on fuel call options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on fuel call options | 13,102,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received (paid) on settlement of derivative financial instruments | -5,078,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 39,235,000 | 39,235,000 | 25,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | -80,205,000 | -80,205,000 | -54,321,000 | -28,460,000 | -25,004,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of notes from first choice holidays plc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of debt | 225,000,000 | 225,000,000 | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | -242,721,000 | -242,721,000 | -93,724,000 | -24,961,000 | -178,014,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 55,329,000 | 42,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accretion of original issue discount | 12,610,000 | 11,361,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of a ship through debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from ship transfer to joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of ship through debt |