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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenues $ 3,522,982 $ 2,184,242 $ 6,408,128 $ 3,243,473
Cruise operating expenses:        
Total cruise operating expenses 1,954,876 1,679,919 3,747,781 2,864,861
Marketing, selling and administrative expenses 434,848 371,425 895,703 765,455
Depreciation and amortization expenses 361,677 351,542 721,450 691,009
Operating Income (Loss) 771,581 (218,644) 1,043,194 (1,077,852)
Other income (expense):        
Interest income 9,583 6,490 24,391 9,812
Interest expense, net of interest capitalized (355,512) (302,706) (714,899) (580,365)
Equity investment income (loss) 42,014 (13,179) 62,485 (44,238)
Other (expense) income (5,386) 6,457 (771) 3,919
Total other income (expense) (309,301) (302,938) (628,794) (610,872)
Net Income (Loss) 462,280 (521,582) 414,400 (1,688,724)
Less: Net Income attributable to noncontrolling interest 3,519 0 3,549 0
Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. $ 458,761 $ (521,582) $ 410,851 $ (1,688,724)
Earnings (Loss) per Share:        
Basic (in dollars per share) $ 1.79 $ (2.05) $ 1.61 $ (6.63)
Diluted (in dollars per share) $ 1.70 $ (2.05) $ 1.60 $ (6.63)
Weighted-Average Shares Outstanding:        
Basic (in shares) 255,805 254,964 255,636 254,893
Diluted (in shares) 281,913 254,964 258,741 254,893
Comprehensive Income (Loss)        
Net Income (Loss) $ 462,280 $ (521,582) $ 414,400 $ (1,688,724)
Other comprehensive income (loss):        
Foreign currency translation adjustments (3,263) 12,682 (9,809) 20,460
Change in defined benefit plans (3,785) 15,168 (272) 27,765
(Loss) Gain on cash flow derivative hedges 4,988 (84,493) (26,709) 111,408
Total other comprehensive loss (2,060) (56,643) (36,790) 159,633
Comprehensive Income (Loss) 460,220 (578,225) 377,610 (1,529,091)
Passenger ticket revenues        
Total revenues 2,443,506 1,418,203 4,340,022 2,070,061
Onboard and other        
Total revenues 1,079,476 766,039 2,068,106 1,173,412
Cruise operating expenses:        
Total cruise operating expenses 220,315 155,570 378,950 230,009
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 516,007 329,859 918,937 480,202
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 284,372 327,141 594,370 676,759
Food        
Cruise operating expenses:        
Total cruise operating expenses 202,695 155,226 402,086 255,410
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 275,918 275,179 577,431 463,659
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 455,569 $ 436,944 $ 876,007 $ 758,822