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10-Q Filing

ROYAL CARIBBEAN CRUISES LTD CIK: 884887 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000884887-16-000143
Period End Date 20160331
Filing Date 20160429
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance rcl-20160331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 line items
Line Item Tag Value Unit Period
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $189.24M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $121.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $229.71M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $117.36M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Trade and other receivables, net ReceivablesNetCurrent $253.30M USD Point-in-time
Trade and other receivables, net ReceivablesNetCurrent $238.97M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Inventories InventoryNet $121.39M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Inventories InventoryNet $121.33M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 234.54M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $279.71M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 233.91M shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $220.58M USD Point-in-time
Derivative financial instruments DerivativeAssetsCurrent $120.52M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 15.91M shares Point-in-time
Derivative financial instruments DerivativeAssetsCurrent $134.57M USD Point-in-time
Treasury stock, common shares TreasuryStockShares 18.70M shares Point-in-time
Total current assets AssetsCurrent $892.29M USD Point-in-time
Total current assets AssetsCurrent $837.02M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $18.78B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $18.83B USD Point-in-time
Goodwill Goodwill $286.76M USD Point-in-time
Goodwill Goodwill $286.85M USD Point-in-time
Other assets OtherAssetsNoncurrent $955.53M USD Point-in-time
Other assets OtherAssetsNoncurrent $880.48M USD Point-in-time
Total assets Assets $20.78B USD Point-in-time
Total assets Assets $20.96B USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $895.49M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $899.54M USD Point-in-time
Accounts payable AccountsPayableCurrent $302.07M USD Point-in-time
Accounts payable AccountsPayableCurrent $371.85M USD Point-in-time
Accrued interest InterestPayableCurrent $80.89M USD Point-in-time
Accrued interest InterestPayableCurrent $38.33M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $525.55M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $658.60M USD Point-in-time
Derivative financial instruments DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement $577.49M USD Point-in-time
Derivative financial instruments DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement $651.87M USD Point-in-time
Customer deposits CustomerDepositsCurrent $1.74B USD Point-in-time
Customer deposits CustomerDepositsCurrent $1.95B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.29B USD Point-in-time
Total current liabilities LiabilitiesCurrent $4.40B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $7.81B USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $7.63B USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $798.61M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $871.01M USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 6) CommitmentsAndContingencies - USD Point-in-time
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding) PreferredStockValue - USD Point-in-time
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding) PreferredStockValue - USD Point-in-time
Common stock ($0.01 par value; 500,000,000 shares authorized; 234,544,116 and 233,905,166 shares issued, March 31, 2016 and December 31, 2015, respectively) CommonStockValue $2.34M USD Point-in-time
Common stock ($0.01 par value; 500,000,000 shares authorized; 234,544,116 and 233,905,166 shares issued, March 31, 2016 and December 31, 2015, respectively) CommonStockValue $2.35M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $3.30B USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $3.30B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.94B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.96B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.33B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.32B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.19B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-896.99M USD Point-in-time
Treasury stock (18,697,703 and 15,911,971 common shares at cost, March 31, 2016 and December 31, 2015, respectively) TreasuryStockValue $853.35M USD Point-in-time
Treasury stock (18,697,703 and 15,911,971 common shares at cost, March 31, 2016 and December 31, 2015, respectively) TreasuryStockValue $1.05B USD Point-in-time
Total shareholders equity StockholdersEquity $8.06B USD Point-in-time
Total shareholders equity StockholdersEquity $7.89B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $20.78B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $20.96B USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Passenger ticket revenues PassengerRevenue $1.31B USD 1 Quarter
Passenger ticket revenues PassengerRevenue $1.38B USD 1 Quarter
Onboard and other revenues OnboardAndOther $508.82M USD 1 Quarter
Onboard and other revenues OnboardAndOther $539.63M USD 1 Quarter
Total revenues Revenues $1.82B USD 1 Quarter
Total revenues Revenues $1.92B USD 1 Quarter
Commissions, transportation and other CruiseCommissionsTransportationAndOther $324.42M USD 1 Quarter
Commissions, transportation and other CruiseCommissionsTransportationAndOther $324.89M USD 1 Quarter
Onboard and other CostOfOnboardAndOther $103.65M USD 1 Quarter
Onboard and other CostOfOnboardAndOther $116.24M USD 1 Quarter
Payroll and related CostOfServicesDirectLabor $227.44M USD 1 Quarter
Payroll and related CostOfServicesDirectLabor $211.59M USD 1 Quarter
Food FoodAndBeverageCostOfSales $119.79M USD 1 Quarter
Food FoodAndBeverageCostOfSales $121.51M USD 1 Quarter
Fuel FuelCosts $175.86M USD 1 Quarter
Fuel FuelCosts $205.28M USD 1 Quarter
Other operating OtherCostAndExpenseOperating $288.22M USD 1 Quarter
Other operating OtherCostAndExpenseOperating $245.31M USD 1 Quarter
Total cruise operating expenses CostOfRevenue $1.22B USD 1 Quarter
Total cruise operating expenses CostOfRevenue $1.24B USD 1 Quarter
Marketing, selling and administrative expenses SellingGeneralAndAdministrativeExpense $286.83M USD 1 Quarter
Marketing, selling and administrative expenses SellingGeneralAndAdministrativeExpense $302.02M USD 1 Quarter
Depreciation and amortization expenses DepreciationAndAmortization $200.47M USD 1 Quarter
Depreciation and amortization expenses DepreciationAndAmortization $210.76M USD 1 Quarter
Restructuring charges RestructuringCharges $305.00K USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Operating Income OperatingIncomeLoss $163.13M USD 1 Quarter
Operating Income OperatingIncomeLoss $105.68M USD 1 Quarter
Interest income InterestAndOtherIncome $2.72M USD 1 Quarter
Interest income InterestAndOtherIncome $3.74M USD 1 Quarter
Interest expense, net of interest capitalized InterestExpense $65.45M USD 1 Quarter
Interest expense, net of interest capitalized InterestExpense $70.16M USD 1 Quarter
Other (expense) income (including a $21.7 million loss related to the 2016 elimination of the Pullmantur reporting lag) OtherNonoperatingIncomeExpense $5.97M USD 1 Quarter
Other (expense) income (including a $21.7 million loss related to the 2016 elimination of the Pullmantur reporting lag) OtherNonoperatingIncomeExpense $-1.26M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-63.99M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-60.45M USD 1 Quarter
Net Income NetIncomeLoss $45.23M USD 1 Quarter
Net Income NetIncomeLoss $99.14M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.46 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.21 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.20 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.46 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 216.91M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 219.63M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 220.84M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 217.87M shares 1 Quarter
Net Income NetIncomeLoss $45.23M USD 1 Quarter
Net Income NetIncomeLoss $99.14M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-31.54M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.65M USD 1 Quarter
Change in defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $1.49M USD 1 Quarter
Change in defined benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $3.51M USD 1 Quarter
Gain (loss) on cash flow derivative hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-260.95M USD 1 Quarter
Gain (loss) on cash flow derivative hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $2.74M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-293.99M USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $5.87M USD 1 Quarter
Comprehensive Income (Loss) ComprehensiveIncomeNetOfTax $105.01M USD 1 Quarter
Comprehensive Income (Loss) ComprehensiveIncomeNetOfTax $-248.76M USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $45.23M USD 1 Quarter
Net income NetIncomeLoss $99.14M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $200.47M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $210.76M USD 1 Quarter
Net deferred income tax expense (benefit) DeferredOtherTaxExpenseBenefit $-520.00K USD 1 Quarter
Net deferred income tax expense (benefit) DeferredOtherTaxExpenseBenefit $827.00K USD 1 Quarter
(Gain) loss on derivative instruments not designated as hedges DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $-28.08M USD 1 Quarter
(Gain) loss on derivative instruments not designated as hedges DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet $14.46M USD 1 Quarter
Decrease in trade and other receivables, net IncreaseDecreaseInReceivables $-18.09M USD 1 Quarter
Decrease in trade and other receivables, net IncreaseDecreaseInReceivables $-10.09M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $-274.00K USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $2.62M USD 1 Quarter
Increase in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $67.77M USD 1 Quarter
Increase in prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $50.52M USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $68.52M USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $9.34M USD 1 Quarter
Increase in accrued interest IncreaseDecreaseInInterestPayableNet $28.77M USD 1 Quarter
Increase in accrued interest IncreaseDecreaseInInterestPayableNet $42.56M USD 1 Quarter
Decrease in accrued expenses and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-53.68M USD 1 Quarter
Decrease in accrued expenses and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-53.11M USD 1 Quarter
Increase in customer deposits IncreaseDecreaseInCustomerDeposits $208.42M USD 1 Quarter
Increase in customer deposits IncreaseDecreaseInCustomerDeposits $178.32M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $14.51M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-12.60M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $426.43M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $477.90M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $249.84M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $304.64M USD 1 Quarter
Cash received (paid) on settlement of derivative financial instruments CashPaidReceivedOnSettlementOfDerivativeFinancialInstruments $-13.10M USD 1 Quarter
Cash received (paid) on settlement of derivative financial instruments CashPaidReceivedOnSettlementOfDerivativeFinancialInstruments $45.18M USD 1 Quarter
Investments in and loans to unconsolidated affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates - USD 1 Quarter
Investments in and loans to unconsolidated affiliates PaymentsToAcquireInterestInSubsidiariesAndAffiliates $54.25M USD 1 Quarter
Cash received on loans to unconsolidated affiliates ProceedsFromCollectionOfAdvanceToAffiliate $8.28M USD 1 Quarter
Cash received on loans to unconsolidated affiliates ProceedsFromCollectionOfAdvanceToAffiliate $7.10M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $3.78M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $7.11M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-236.75M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-399.58M USD 1 Quarter
Debt proceeds ProceedsFromIssuanceOfLongTermDebt $1.52B USD 1 Quarter
Debt proceeds ProceedsFromIssuanceOfLongTermDebt $749.80M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $16.49M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $22.57M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $587.11M USD 1 Quarter
Repayments of debt RepaymentsOfLongTermDebt $1.38B USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $200.04M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Dividends paid PaymentsOfDividends $162.89M USD 1 Quarter
Dividends paid PaymentsOfDividends $131.75M USD 1 Quarter
Proceeds from exercise of common stock options ProceedsFromStockOptionsExercised $4.62M USD 1 Quarter
Proceeds from exercise of common stock options ProceedsFromStockOptionsExercised $1.34M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $587.00K USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $659.00K USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $19.65M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-246.76M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-6.04M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.41M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.21M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $40.46M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $189.24M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $121.56M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $229.71M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $117.36M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $189.24M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $121.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $229.71M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $117.36M USD Point-in-time
Interest, net of amount capitalized InterestPaidNet $33.66M USD 1 Quarter
Interest, net of amount capitalized InterestPaidNet $18.67M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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