← ROYAL CARIBBEAN CRUISES LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $1.3b | $1.6b | $1.8b | $1.9b | ($5.8b) | ($5.3b) | ($2.2b) | $1.7b | $2.9b | $4.3b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.3b | $1.6b | $1.8b | $1.9b | ($5.8b) | ($5.3b) | ($2.2b) | $1.7b | $2.9b | $4.3b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $1.8b | $1.9b | ($5.8b) | ($5.3b) | ($2.2b) | $1.7b | $2.9b | $4.3b | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $4.8m | $28.7m | $22.3m | $0 | $0 | $7.0m | $18.0m | $23.0m | |
| Depreciation and amortization | $894.9m | $951.2m | $1.0b | $1.2b | $1.3b | $1.3b | $1.4b | $1.5b | $1.6b | $1.7b | |
| Depreciation, Depletion and Amortization, Nonproduction | $894.9m | $951.2m | $1.0b | $1.2b | $1.3b | $1.3b | $1.4b | $1.5b | $1.6b | $1.7b | |
| Amortization of Debt Issuance Costs | $52.8m | $45.9m | $42.0m | $32.0m | $89.4m | $125.1m | $148.8m | $109.0m | $98.0m | $97.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $249.0m | $163.0m | $109.0m | $98.0m | $97.0m | |
| Deferred Income Tax Expense (Benefit) | $2.6m | $1.7m | ($2.7m) | $7.7m | ($8.8m) | ($43.0m) | ($21.6m) | ($8.0m) | $0 | $18.0m | |
| Deferred Other Tax Expense (Benefit) | $2.6m | $1.7m | ($2.7m) | $7.7m | ($8.8m) | ($43.0m) | ($21.6m) | ($8.0m) | $0 | $18.0m | |
| Share-based Payment Arrangement, Noncash Expense | $32.7m | $69.5m | $46.1m | $75.9m | $39.8m | $63.6m | $36.1m | $126.0m | $267.0m | $175.0m | |
| Share-based Payment Arrangement, Expense | $32.7m | $69.5m | $46.1m | $75.9m | $39.8m | $63.6m | $36.1m | $126.0m | $267.0m | $175.0m | |
| Goodwill, Impairment Loss | — | — | $0 | — | $576.2m | — | — | $576.0m | $576.0m | — | |
| Restructuring Costs and Asset Impairment Charges | $8.5m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($6.3m) | ($41.1m) | ($138.8m) | ($93.8m) | ($121.0m) | $463.0m | $16.0m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | $21.8m | $0 | ($69.0m) | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | $13.7m | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $0 | $30.9m | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $128.3m | $156.2m | $210.8m | $231.0m | ($213.3m) | ($135.5m) | $56.7m | $200.0m | $260.0m | $414.0m | |
| Income Tax Expense (Benefit) | $2.6m | $1.7m | ($2.7m) | $7.7m | ($8.8m) | ($43.0m) | ($21.6m) | $6.0m | $46.0m | $82.0m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $1.6b | $992.0m | |
| Other Nonoperating Income (Expense) | ($35.7m) | ($5.3m) | $11.1m | ($24.5m) | ($137.1m) | $20.3m | ($120.4m) | ($8.0m) | $103.0m | $17.0m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $1.7m | ($2.4m) | $23.8m | $8.5m | ($27.1m) | $34.5m | $73.8m | $24.0m | $17.0m | $0 | |
| Increase (Decrease) in Accounts Payable | $29.6m | $36.8m | $91.7m | $75.3m | ($133.8m) | $188.5m | $74.7m | $124.0m | $120.0m | $27.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $39.8m | ($75.6m) | $57.6m | $400k | ($1.5m) | $24.3m | $93.0m | ($43.0m) | $65.0m | ($63.0m) | |
| Goodwill | $288.4m | $288.5m | $1.4b | $1.4b | $809.5m | $809.4m | $809.3m | $809.0m | $808.0m | $808.0m | |
| Nonoperating Income (Expense) | ($193.8m) | ($118.9m) | ($79.0m) | ($175.1m) | ($1.2b) | ($1.4b) | ($1.4b) | ($1.2b) | ($1.2b) | — | |
| Proceeds from Stock Options Exercised | $2.3m | $2.5m | $4.3m | $1.7m | $1.4b | $1.6b | $0 | $0 | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $187.1m | $43.8m | ($9.7m) | ($12.0m) | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $2.5b | $2.9b | $3.5b | $3.7b | ($3.7b) | ($1.9b) | $481.9m | $4.5b | $5.3b | $6.5b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.5b | $564.1m | $3.7b | $3.0b | $2.0b | $2.2b | $2.7b | $3.9b | $3.3b | $5.2b | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $916.1m | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | $46.4m | ($5.4m) | $1.7m | $12.8m | $16.2m | $22.4m | ($6.6m) | ($3.0m) | $13.0m | ($21.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.7b) | ($213.6m) | ($4.5b) | ($3.1b) | ($2.2b) | ($2.1b) | ($3.0b) | ($3.9b) | ($3.4b) | ($5.0b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $7.3b | $5.9b | $8.6b | $3.5b | $13.5b | $4.5b | $9.8b | $7.6b | $10.3b | $4.7b | |
| Repayments of Long-term Debt | $6.4b | $7.8b | $7.0b | $4.1b | $3.8b | $2.3b | $7.7b | $9.6b | $11.7b | $3.5b | |
| Payments for Repurchase of Common Stock | $300.0m | $225.0m | $575.0m | $99.6m | $0 | $0 | — | $0 | $0 | $1.2b | |
| Dividends paid | $346.5m | $437.5m | $527.5m | $602.7m | $326.4m | $0 | $0 | $0 | $107.0m | $824.0m | |
| Proceeds from (Payments for) Other Financing Activities | $3.2m | $3.8m | ($13.8m) | ($12.3m) | ($10.7m) | ($442k) | ($16.4m) | ($3.0m) | ($57.0m) | ($52.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $243.8m | ($2.7b) | $1.2b | ($670.4m) | $9.3b | $3.0b | $1.7b | ($2.0b) | ($1.9b) | ($1.0b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $2.3m | ($20.3m) | $1.3m | $1.2m | ($727k) | ($1.8m) | $1.0m | ($6.0m) | $2.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $2.3m | ($20.3m) | ($44.1m) | $3.4b | ($982.7m) | ($766.8m) | ($1.4b) | ($109.0m) | $437.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $243.7m | $3.7b | $2.7b | $1.9b | $497.0m | $388.0m | $825.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $256.8m | $249.6m | $252.5m | $246.3m | $418.2m | $834.2m | $959.9m | $1.4b | $1.2b | $864.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.