<SEC-DOCUMENT>0000884887-23-000016.txt : 20230504
<SEC-HEADER>0000884887-23-000016.hdr.sgml : 20230504
<ACCEPTANCE-DATETIME>20230504080319
ACCESSION NUMBER:		0000884887-23-000016
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20230504
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230504
DATE AS OF CHANGE:		20230504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYAL CARIBBEAN CRUISES LTD
		CENTRAL INDEX KEY:			0000884887
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				980081645
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11884
		FILM NUMBER:		23886603

	BUSINESS ADDRESS:	
		STREET 1:		1050 CARIBBEAN WAY
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33132
		BUSINESS PHONE:		3055396000

	MAIL ADDRESS:	
		STREET 1:		1050 CARIBBEAN WAY
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33132

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RA HOLDINGS INC
		DATE OF NAME CHANGE:	19920424
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rcl-20230504.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2023 Workiva--><!--r:788c3342-7b51-4308-9eb5-65fa33c8db39,g:a9f73ccc-6a21-453a-b22a-561d059d62fe,d:4ea2575463b147c6bde03625bdf104a5--><html xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns="http://www.w3.org/1999/xhtml" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:rcl="http://www.royalcaribbean.com/20230504" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:link="http://www.xbrl.org/2003/linkbase" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>rcl-20230504</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV80L2ZyYWc6Yjc4ODk3YmFjODE2NGNkYjkxNWRjZWU5NWQyYmIyMzgvdGFibGU6N2YyZmVkZmFlZTUyNGY4ZjgzODRjMTEzMTdkMzcxNTcvdGFibGVyYW5nZTo3ZjJmZWRmYWVlNTI0ZjhmODM4NGMxMTMxN2QzNzE1N18yLTEtMS0xLTMwODEzMw_fc66e730-2ec2-4de1-8bcc-2b702ab49eb2">0000884887</ix:nonNumeric><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV80L2ZyYWc6Yjc4ODk3YmFjODE2NGNkYjkxNWRjZWU5NWQyYmIyMzgvdGFibGU6N2YyZmVkZmFlZTUyNGY4ZjgzODRjMTEzMTdkMzcxNTcvdGFibGVyYW5nZTo3ZjJmZWRmYWVlNTI0ZjhmODM4NGMxMTMxN2QzNzE1N181LTEtMS0xLTMwODEzMw_29d77ffb-fc39-4448-8fba-9ae856e78585">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="rcl-20230504.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000884887</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2023-05-04</xbrli:startDate><xbrli:endDate>2023-05-04</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i4ea2575463b147c6bde03625bdf104a5_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">WASHINGTON, D.C. 20549</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:19.444%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:9pt"><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr></table></div><div style="margin-bottom:12pt;margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV84OQ_c4e8aaa7-7ee7-4d7c-a6a4-737cc2648d54">8-K</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Pursuant To Section 13 or 15(d) of The Securities Exchange Act of 1934</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Date of Report (Date of Earliest Event Reported): <ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8yMzE_57ea6b96-0278-4f5d-81e2-cfc901b3f0cf">May 4, 2023</ix:nonNumeric> </span></div><div style="margin-bottom:6pt;margin-top:12pt;text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8yMzY_b08395e2-4f46-4862-997c-57274b9b5a9a">ROYAL CARIBBEAN CRUISES LTD.</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)&#160;</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Republic of <ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:edgarprovcountryen" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zMTE_f2e3be6e-eb35-4f21-bf6c-78a29c6ec406">Liberia</ix:nonNumeric></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:120%">(State or Other Jurisdiction of Incorporation)</span></div><div><span><br/></span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.842%"><tr><td style="width:1.0%"></td><td style="width:43.849%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.001%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.850%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6YWY5NGIwNmUxMWQ4NDBlYzk3ZTkyODljZTAyZWY1NjQvdGFibGVyYW5nZTphZjk0YjA2ZTExZDg0MGVjOTdlOTI4OWNlMDJlZjU2NF8wLTAtMS0xLTMwODEzMw_bb4b772a-2b76-4723-a430-2c0ab59d4f34">1-11884</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6YWY5NGIwNmUxMWQ4NDBlYzk3ZTkyODljZTAyZWY1NjQvdGFibGVyYW5nZTphZjk0YjA2ZTExZDg0MGVjOTdlOTI4OWNlMDJlZjU2NF8wLTItMS0xLTMwODEzMw_518c26b0-a33d-4838-ab5b-1af6bb157f9b">98-0081645</ix:nonNumeric></span></td></tr><tr style="height:6pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(Commission File Number)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(IRS Employer Identification No.)</span></td></tr></table></div><div style="margin-top:6pt;padding-left:18pt;padding-right:18pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNjg_c7545ef3-c088-4441-a0fd-9f775a9606e3">1050 Caribbean Way</ix:nonNumeric>, <ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzI_d3ebb744-ab99-4844-afa1-bf8a38757018">Miami</ix:nonNumeric>, <ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzY_ba2b8124-6bbd-4b6b-8492-dc86ea26f73d">Florida</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzk_7f2c13f1-1d54-4f8f-b1a2-f813b0b2543e">33132</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.988%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(Address of Principal Executive Offices) (Zip Code)</span></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Registrant&#8217;s telephone number, including area code: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV80Mzc_aa31b6ce-2c2c-4a2a-b78c-506644111f80">305</ix:nonNumeric>-<ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV80NDA_3561770b-9e51-4d49-83ca-aa5e8d5d50c2">539-6000</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:86.842%"><tr><td style="width:1.0%"></td><td style="width:43.849%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.001%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:43.850%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Not Applicable</span></td></tr><tr style="height:5pt"><td colspan="9" style="border-bottom:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">(Former Name or Former Address, if Changed Since Last Report)</span></td></tr><tr style="height:8pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:WrittenCommunications" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV82MjM_f1820147-512e-4160-b2d1-4d18b517f11a">&#9744;</ix:nonNumeric> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:SolicitingMaterial" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV83MTI_d2059fec-e008-42e5-9dd9-885009edee78">&#9744;</ix:nonNumeric> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:PreCommencementTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV84MDI_d3731aa1-5aa0-4883-8581-0285a343647a">&#9744;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:PreCommencementIssuerTenderOffer" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV85MDk_984eb2c3-7dd1-4bdc-ac4e-848543aa6ee2">&#9744;</ix:nonNumeric> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act: </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:32.917%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.254%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.063%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Trading Symbol(s)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTAtMS0xLTMwODEzMw_ff5805ff-455c-421a-bc86-3bfe91313edb">Common stock, par value $0.01 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTItMS0xLTMwODEzMw_5b56db95-1791-4303-a170-7b7270922444">RCL</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:SecurityExchangeName" format="ixt-sec:exchnameen" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTQtMS0xLTMwODEzMw_20eca701-9713-44a9-abef-fa81dbcdbca9">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="margin-top:6pt;text-align:justify"><span><br/></span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934&#160;(&#167;240.12b-2&#160;of this chapter). </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:right"><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504" name="dei:EntityEmergingGrowthCompany" format="ixt-sec:boolballotbox" id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8xMzQy_f09dcf45-4dd5-4c04-8f97-0f67fb0a7681">&#9744;</ix:nonNumeric></span><span style="color:#231f20;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;</span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">o</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i4ea2575463b147c6bde03625bdf104a5_7"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="-sec-extract:summary"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 2.02&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:54pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On May 4, 2023, Royal Caribbean Cruises Ltd. (the &#8220;Company&#8221;) issued a press release regarding its financial results for the quarter ended March 31, 2023. A copy of this press release is furnished as Exhibit 99.1 to this report. This information shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing by the Company, whether made before or after the filing of this report, regardless of any general incorporation language in the filing, except as expressly set forth by specific reference in such a filing. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">  </span></div><div style="text-align:justify;text-indent:54pt"><span><br/></span></div><div style="text-align:justify;text-indent:54pt"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits. </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">(d)&#160;&#160;&#160;&#160;Exhibits</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Exhibit 99.1 - </span><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="a2023q1earningsrelease8-k.htm">Press release dated </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline" href="a2023q1earningsrelease8-k.htm">May 4, 2023</a></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Exhibit 104 -  Cover Page Interactive Data File (embedded within the Inline XBRL document)</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><div id="i4ea2575463b147c6bde03625bdf104a5_10"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.245%"><tr><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:36.846%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:39.972%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">May 4, 2022</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">/s/ NAFTALI HOLTZ</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Name:</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Naftali Holtz</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Title:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</span></td></tr></table></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2023q1earningsrelease8-k.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i097207c33a434861b5146fc1a62e8010_1"></div><div style="min-height:72pt;width:100%"><div style="padding-left:36pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Exhibit 99.1</font></div><div><img alt="imagea.jpg" src="imagea.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:374px"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">   </font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:174%">FOR IMMEDIATE RELEASE </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:150%">ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER EARNINGS AND INCREASES FULL YEAR GUIDANCE ON STRONG REVENUE OUTLOOK</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">MIAMI &#8211; May 4, 2023 &#8211;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%"> Royal Caribbean Group (NYSE&#58; RCL) today reported first quarter Loss per Share of $(0.19) and Adjusted Loss per Share of $(0.23). These results were significantly better than the company's guidance primarily due to strong close-in bookings at higher prices, continued strength of onboard spend, and favorable timing of operating costs. As a result of a record-breaking WAVE season and accelerating demand for its cruise experiences, the company is increasing its 2023 Adjusted Earnings per Share guidance to $4.40 &#8211; $4.80.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#34;We knew that demand for our business was strong and strengthening, but we have been pleasantly surprised with how swiftly demand further accelerated well above historical trends and at higher rates,&#34; said Jason T. Liberty, president and chief executive officer of Royal Caribbean Group. &#34;Leisure travel continues to strengthen as consumer spend further shifts towards experiences. Demand for our brands is outpacing broader travel due to a strong rebound and an attractive value proposition,&#34; added Liberty. &#34;We are increasing full year guidance, given the significant momentum in our business, and we are well on our way to achieve our </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:174%">Trifecta</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%"> goals.&#8221;   </font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">Key Highlights</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">Stronger than anticipated demand has led to a record-breaking and extended WAVE season, which has and continues to translate into a robust booking environment &#8211; driving higher load factors and higher prices. These factors, combined with the continued strength in onboard spending, have led to the significant improvement (versus guidance) in the first quarter and the significant increase in the company&#8217;s full-year expectations for ticket and onboard revenue, as well as earnings</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:400;line-height:174%">.</font></div><div><font><br></font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">First Quarter 2023&#58;</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">Load factors in the first quarter were 102%.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:14.5pt">Gross Margin Yields were down 12.4% as-reported and 10.5% in Constant-Currency. Net Yields were up 5.1% as-reported and 5.8% in Constant-Currency, compared to the first quarter of 2019.</font></div><div style="margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">Gross Cruise Costs per Available Passenger Cruise Days (&#34;APCD&#34;) increased 8.2% as-reported and 8.8% in Constant-Currency, compared to the first quarter of 2019. Net Cruise Costs (&#34;NCC&#34;), excluding Fuel, per APCD increased 5.2% as-reported and 5.8% in Constant-Currency, compared to the first quarter of 2019. Part of the improvement, compared to expectations, was due to favorable timing of operating costs.</font></div><div style="margin-top:5pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">Total revenues were $2.9 billion, Net Loss was $(47.9) million or $(0.19) per share, Adjusted Net Loss was $(58.9) million or $(0.23) per share, Adjusted EBITDA was $641.7 million, and Operating Cash Flow was $1.3 billion.</font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">Full Year 2023 Outlook&#58;</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:14.5pt">Net Yields are expected to increase 6.25% to 7.25% as-reported and 6.75% to 7.75% in Constant-Currency, compared to 2019.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">NCC, excluding Fuel, per APCD is expected to increase 5.2% to 6.2% as-reported and 5.5% to 6.5% in Constant-Currency, compared to 2019.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">The company expects to significantly exceed prior record Adjusted EBITDA, achieved in 2019. </font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">Adjusted Earnings per Share for the full year are expected to be in the range of $4.40 to $4.80 per share.</font></div><div><font><br></font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%">Second Quarter 2023 Outlook&#58;</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:14.5pt">Net Yields are expected to increase 9.6% to 10.1% as-reported and 10.1% to 10.6% in Constant-Currency, compared to the second quarter of 2019.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">NCC, excluding Fuel, per APCD is expected to increase approximately 8.6% as-reported and approximately 8.9% in Constant-Currency, compared to second quarter 2019.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%;padding-left:13.8pt">Adjusted Earnings per Share for the second quarter are expected to be in the range of $1.50 to $1.60 per share.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div id="i097207c33a434861b5146fc1a62e8010_4"></div><div style="margin-bottom:9pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">First Quarter 2023</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">The company reported Net Loss for the first quarter of $(47.9) million or $(0.19) per share compared to Net Loss of $(1.2) billion or $(4.58) per share for the same period in the prior year. The company also reported Adjusted Net Loss of $(58.9) million or $(0.23) per share for the first quarter compared to Adjusted Net Loss of $(1.2) billion or $(4.57) per share for the same period in the prior year. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">First quarter revenue significantly exceeded the company's guidance primarily due to very strong close-in demand, higher load factors at higher prices, and continued strength in onboard revenue. The company experienced particularly strong close-in demand for Caribbean itineraries, which accounted for close to 80% of first quarter capacity. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">Gross Cruise Costs per APCD increased 8.2% as-reported and 8.8% in Constant-Currency, compared to 2019. NCC excluding Fuel per APCD increased 5.2% as-reported and 5.8% in Constant-Currency, compared to 2019. Part of the improvement, compared to expectations, was due to favorable timing of operating costs. Gross Cruise Costs per APCD and NCC, excluding Fuel, per APCD for the first quarter included $2.87 per APCD of lingering transitional costs and structural costs (e.g. full-year operations of Perfect Day at CocoCay and the new Galveston terminal). In the first quarter, the company continued to benefit from multiple actions taken over the past several years to reshape its cost structure which is helping to offset persistent inflation. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">&#34;First quarter results reflect continued strong demand for cruising and our teams' focus on delivering the best vacation experiences that exceed guest expectations,&#34; said Naftali Holtz, chief financial officer, Royal Caribbean Group. &#8220;We also benefited from favorable timing of operating expenses, as well as our continued focus on improving margins consistent with our Trifecta goals.&#8221;</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">Update on Bookings</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">Booking volumes in the first quarter were significantly higher than the corresponding period in 2019 and were considerably better than expected. This year, WAVE started earlier and extended further, generating a record level of bookings. These strong booking trends resulted in an acceleration of our booked position in relation to prior years. In addition, the company is generating significantly more bookings at meaningfully higher prices than in prior years, particularly from the North American consumer.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">The remarkable WAVE booking period resulted in strong close-in demand at higher prices for the first quarter, and enabled a significant improvement in revenue expectations for all three remaining quarters. The increase in yield expectations for the year is  predominantly related to higher load factors in the first quarter and higher prices for all four quarters, especially for Caribbean sailings. Consumer spending onboard, as well as pre-cruise purchases, continue to exceed 2019 levels driven by greater participation at higher prices. The company expects load factors to reach historical levels by late spring.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">As of March 31, 2023, the Group&#8217;s customer deposit balance was at a record $5.3 billion.   </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">Fuel Expense</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">Bunker pricing net of hedging for the first quarter was $733 per metric ton and consumption was 411,000 metric tons.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">The company does not forecast fuel prices and its fuel cost calculations are based on current at-the-pump prices, net of hedging impacts.&#8239;Based on today's fuel prices, the company has included&#8239;$276 million&#8239;of fuel expense in its second quarter guidance at a forecasted consumption of 409,000 which is 55% hedged via swaps. Forecasted consumption is 54% hedged via swaps for the remainder of 2023, 25% and 5% hedged for 2024 and 2025, respectively. The annual average cost per metric ton of the hedge portfolio is approximately $577, $664, and $753 for 2023, 2024, and 2025, respectively. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">The higher average cost in 2024 is driven primarily by the hedged fuel mix with Marine Gas Oil (&#8220;MGO&#8221;) consumption hedged higher than Intermediate Fuel Oil (&#8220;IFO&#8221;) consumption. The higher average cost in 2025 is driven by only MGO consumption hedged that year. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">The company provided the following guidance for the second quarter and full year 2023&#58;   </font></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.826%"><tr><td style="width:1.0%"></td><td style="width:45.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.508%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.510%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">FUEL STATISTICS</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Second Quarter 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Full Year 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fuel Consumption (metric tons)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">409,000</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,653,000</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Fuel Expenses</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Approx. $276 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Approx. $1,128 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Percent Hedged (fwd. consumption)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">55.0%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">54.0%</font></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.826%"><tr><td style="width:1.0%"></td><td style="width:45.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.508%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.510%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GUIDANCE</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:180%">As-Reported</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:180%">Constant Currency</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Second Quarter 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Yields vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9.6% to 10.1%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;10.1% to 10.6%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs per APCD vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11.8% to 12.8%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12.2% to 13.2%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs per APCD ex. Fuel vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">approximately 8.6%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">approximately 8.9%</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Full Year 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Yields vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.25% to 7.25%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.75% to 7.75%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs per APCD vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10.0% to 11.0%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10.25% to 11.25%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs per APCD ex. Fuel vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5.2% to 6.2%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5.5% to 6.5% </font></td></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GUIDANCE</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Second Quarter 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Full Year 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">APCDs</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11.7 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">47 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Capacity change  vs. 2019</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12.0%</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13.5%</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Depreciation and amortization</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$360 to $370 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1,465 to $1,475 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Interest, excluding loss on extinguishment of debt</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$305 to $315 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1,290 to $1,300 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted EPS</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.50 to $1.60</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$4.40 to $4.80</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.826%"><tr><td style="width:1.0%"></td><td style="width:45.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.508%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.510%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">SENSITIVITY</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Second Quarter 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Full Year 2023</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">1% Change in Currency</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$3 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$15 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">1% Change in Net Yields</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$27 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$105 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">1% Change in NCC excluding Fuel</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$14 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$55 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">100 basis pt. Change in LIBOR&#47;SOFR</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$2 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$15 million</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">10% Change in Fuel prices</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$28 million</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$113 million</font></td></tr><tr style="height:17pt"><td colspan="6" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%;text-decoration:underline">Exchange rates used in guidance calculations</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">GBP</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.25</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">AUD</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$0.66</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CAD</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$0.73</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">EUR</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$1.10</font></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div id="i097207c33a434861b5146fc1a62e8010_10"></div><div style="margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">Liquidity and Financing Arrangements </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">As of March 31, 2023, the Group&#8217;s liquidity position was $3.9 billion, which includes cash and cash equivalents and undrawn revolving credit facility capacity.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">During the first quarter, the company repaid $0.3 billion of debt maturities and generated $1.3 billion in operating cash flow. In the first quarter, the company issued $0.7 billion of 7.25% senior guaranteed notes due 2030 to refinance 2023 and 2024 debt maturities, and extended $2.3 billion of its existing revolving credit facility commitment to April 2025.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">As of March 31, 2023, the scheduled debt maturities for the remainder of 2023, 2024, 2025, and 2026 were $1.8 billion, $2.3 billion, $3.7 billion, and $2.8 billion, respectively.</font></div><div id="i097207c33a434861b5146fc1a62e8010_13"></div><div style="margin-top:12pt;text-align:justify"><font><br></font></div><div id="i097207c33a434861b5146fc1a62e8010_16"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline">Capital Expenditures and Capacity Guidance </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">Capital expenditures for full year 2023 are expected to be $4.2 billion. The company expects to take delivery of three new ships in 2023 including</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:174%"> Icon of the Seas, Celebrity Ascent,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%"> and </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:174%">Silver Nova</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">. All ship orders have committed financing in place. Non-new ship related capital expenditures are expected to be $0.5 billion. Capacity changes for 2023, 2024, 2025, and 2026 are expected to be 14%, 8%, 6%, and 7%, respectively. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:174%">These figures do not include potential ship sales or additions that the company may elect in the future.  </font></div><div style="text-align:justify"><font><br></font></div><div id="i097207c33a434861b5146fc1a62e8010_19"></div><div style="margin-bottom:9pt;margin-top:5pt;text-align:justify"><font><br></font></div><div id="i097207c33a434861b5146fc1a62e8010_22"></div><div style="margin-bottom:5pt;margin-top:12pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:174%;text-decoration:underline"> CONFERENCE CALL SCHEDULED </font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The company has scheduled a conference call at 10&#58;00 a.m. Eastern Time today. This call can be heard, either live or on a delayed basis, on the company's Investor Relations website at </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">www.rclinvestor.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">About Royal Caribbean Group</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Royal Caribbean Group (NYSE&#58; RCL) is one of the leading cruise companies in the world with a global fleet o</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">f 64 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ships traveling to approximately 1,000 destinations around the world. Royal Caribbean Group is the owner and operator of three award winning cruise brands&#58; Royal Caribbean International, Celebrity Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruise</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">s. Together, the brands have an additional 10 ships on order as of March, 31, 2023. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">Cautionary Statement Concerning Forward-Looking Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Certain statements in this press release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to&#58; statements regarding revenues, costs and financial results for 2023 and beyond. Words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;driving,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;goal,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;seek,&#8221; &#8220;should,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; &#8220;considering,&#8221; and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management&#8217;s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following&#58; the impact of contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as&#58; governmental and self-imposed travel restrictions and guest cancellations&#59; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs&#59; the effectiveness of the actions we have taken to improve and address our liquidity needs&#59; the impact of the economic and geopolitical environment on key aspects of our business, such as the demand for cruises, passenger spending, and operating costs&#59; incidents or adverse publicity concerning our ships, port facilities, land </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">destinations and&#47;or passengers or the cruise vacation industry in general&#59; concerns over safety, health and security of guests and crew&#59; further impairments of our goodwill, long-lived assets, equity investments and notes receivable&#59; an inability to source our crew or our provisions and supplies from certain places&#59; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand&#59; unavailability of ports of call&#59; growing anti-tourism sentiments and environmental concerns&#59; changes in U.S. foreign travel policy&#59; the uncertainties of conducting business internationally and expanding into new markets and new ventures&#59; our ability to recruit, develop and retain high quality personnel&#59; changes in operating and financing costs&#59; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business&#59; the impact of foreign currency exchange rates, the impact of higher interest rate and food and fuel prices&#59; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders&#59; our expectation that we will not declare or pay dividends on our common stock for the near future&#59; vacation industry competition and changes in industry capacity and overcapacity&#59; the risks and costs related to cyber security attacks, data breaches, protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others&#59; the impact of new or changing legislation and regulations (including environmental regulations) or governmental orders on our business&#59; pending or threatened litigation, investigations and enforcement actions&#59; the effects of weather, natural disasters and seasonality on our business&#59; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases&#59; shipyard unavailability&#59; the unavailability or cost of air service&#59; and uncertainties of a foreign legal system as we are not incorporated in the United States.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">More information about factors that could affect our operating results is included under the caption &#8220;Risk Factors&#8221; in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">www.rclinvestor.com</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> or the SEC&#8217;s website at </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">www.sec.gov</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-top:5pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">Definitions</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Selected Operational and Financial Metrics</font></div><div style="text-align:justify"><font><br></font></div><div><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Adjusted EBITDA is a non-GAAP measure that represents EBITDA (as defined below) excluding certain items that we believe adjusting for is meaningful when assessing our profitability on a comparative basis. For the 2023 and 2022 periods, these items included (i) other income (expense)&#59; (ii) gain on sale of controlling interest&#59; (iii) impairment and credit losses (recoveries)&#59; and (iv) restructuring charges and other initiative expenses. </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Adjusted Loss per Share (&#34;Adjusted EPS&#34;) is a non-GAAP measure that represents Adjusted Net Loss (as defined below) divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable. We believe that this non-GAAP measure is meaningful when assessing our performance on a comparative basis. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Adjusted Net Loss is a non-GAAP measure that represents Net Loss excluding certain items that we believe adjusting for is meaningful when assessing our performance on a comparative basis. For the periods presented, these items included (i) loss on the extinguishment of debt&#59; (ii) gain on sale of controlling interest&#59; (iii) tax on the sale of PortMiami noncontrolling interest&#59; (iv) </font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:120%">Silver Whisper</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> deferred tax liability release&#59; (v) impairment and credit losses (recoveries)&#894; (vi) the amortization of the Silversea Cruises intangible assets resulting from the Silversea Cruises acquisition in 2018&#59; and (vii) restructuring charges and other initiative expenses.</font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Available Passenger Cruise Days (&#8220;APCD&#8221;) is our measurement of capacity and represents double occupancy per cabin multiplied by the number of cruise days for the period, which excludes canceled cruise days and cabins not available for sale.&#160;We use this measure to perform capacity and rate analysis to identify our main non-capacity drivers that cause our cruise revenue and expenses to vary.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Constant Currency is a significant measure for our revenues and expenses, which are denominated in currencies other than the U.S. Dollar. Because our reporting currency is the U.S. Dollar, the value of these revenues and expenses in U.S. Dollar will be affected by changes in currency exchange rates. Although such changes in local currency prices are just one of many elements impacting our revenues and expenses, it can be an important element. For this reason, we also monitor our revenues and expenses in &#34;Constant Currency&#34; - i.e., as if the current period's currency exchange rates had remained constant with the comparable prior perio</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">d's rates. For the 2023 periods presented, w</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">e calculate &#34;Constant Currency&#34; by applying the average 2019 period exchange rates for each of the corresponding months of the reported and&#47;or forecasted period, so as to calculate what the results would have been had exchange rates been the same throughout both periods. We do not make predictions about future exchange rates and use current exchange rates for calculations of future periods. It should be emphasized that the use of Constant Currency is primarily used by us for comparing short-term changes and&#47;or projections. Over the longer term, changes in guest sourcing and shifting the amount of purchases between currencies can significantly change the impact of the purely currency-based fluctuations.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">EBITDA is a non-GAAP measure that represents Net Loss excluding (i) interest income&#59; (ii) interest expense, net of interest capitalized&#59; (iii) depreciation and amortization expenses&#59; and (iv) income tax benefit or expense. We believe that this non-GAAP measure is meaningful when assessing our operating performance on a comparative basis. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Invested Capital represents the most recent five-quarter average of total debt (i.e., Current portion of long-term debt plus Long-term debt) plus Total shareholders' equity. We use this measure to calculate ROIC (as defined below).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Occupancy (&#34;Load Factor&#34;), in accordance with cruise vacation industry practice, is calculated by dividing Passenger Cruise Days (as defined below) by APCD.&#160;A percentage in excess of 100% indicates that three or more passengers occupied some cabins.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Passenger Cruise Days represent the number of passengers carried for the period multiplied by the number of days of their respective cruises.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Gross Cruise Costs represent the sum of total cruise operating expenses plus marketing, selling and administrative expenses.</font></div><div style="text-align:justify;text-indent:22.5pt"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Net Cruise Costs (&#8220;NCC&#8221;) and NCC excluding Fuel are non-GAAP measures that represent Gross Cruise Costs excluding commissions, transportation and other expenses and onboard and other expenses and, in the case of Net Cruise Costs excluding Fuel, fuel expenses. For the 2023 and 2019 periods presented, Net Cruise Costs and Net Cruise Costs excluding Fuel exclude (i) the gain on sale of controlling interest&#59; (ii) impairment and credit losses (recoveries)&#59; and (iii) the transaction and integration costs related to the Silversea Cruises acquisition. In measuring our ability to control costs in a manner that positively impacts net income, we believe changes in Net Cruise Costs and Net Cruise Costs excluding Fuel to be the most relevant indicators of our performance. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Gross Margin Yield represent Gross Margin per APCD</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Adjusted Gross Margin represent Gross Margin, adjusted for payroll and related, fuel, food, other operating expenses, and depreciation and amortization. Gross Margin is calculated pursuant to GAAP as total revenues less total cruise operating expenses, and depreciation and amortization.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Net Yields represent Adjusted Gross Margin per APCD. We utilize Adjusted Gross Margin and Net Yields to manage our business on a day-to-day basis as we believe that they are the most relevant measures of our pricing performance because they reflect the cruise revenues earned by us net of our most significant variable costs, which are commissions, transportation and other expenses, and onboard and other expenses.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Return on Inv</font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ested Capital (&#34;ROIC&#34;) represents Adjusted Operating Income (Loss) divided by Invested Capital. We believe ROIC is a meaningful measure because it quantifies how efficiently we generated operating income relative to the capital we have invested in the business. ROIC is also used as a key metric in our long-term incentive compensation program for our executive officers.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Trifecta refers to the multi-year Adjusted EBITDA per APCD, Adjusted EPS and ROIC goals we publicly announced in November 2022 and are seeking to achieve by the end of 2025. We designed this program to help us better execute and achieve our business goals by clearly articulating longer-term financial objectives. Under the Trifecta Program, we are targeting Adjusted EBITDA per APCD of at least $100, Adjusted EPS of at least $10, and ROIC of 13% or higher by the end of 2025.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">For additional information see &#8220;Adjusted Measures of Financial Performance&#8221; below.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">Adjusted Measures of Financial Performance</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This press release includes certain adjusted financial measures defined as non-GAAP financial measures under Securities and Exchange Commission rules, which we believe provide useful information to investors as a supplement to our consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles, or U.S. GAAP.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The presentation of adjusted financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. These measures may be different from adjusted measures used by other companies. In addition, these adjusted measures are not based on any comprehensive set of accounting rules or principles. Adjusted measures have limitations in that they do not reflect all of the amounts associated with our results of operations as do the corresponding U.S. GAAP measures.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">A reconciliation to the most comparable U.S. GAAP measure of all adjusted financial measures included in this press release can be found in the tables included at the end of this press release. We have not provided a quantitative reconciliation of the projected non-GAAP financial measures to the most comparable GAAP financial measures because preparation of meaningful U.S. GAAP projections would require unreasonable effort. Due to significant uncertainty, we are unable to predict, without unreasonable effort, the future movement of foreign exchange rates, fuel prices and interest rates inclusive of our related hedging programs. In addition, we are unable to determine the future impact of non-core business related gains and losses which may result from strategic initiatives. These items are uncertain and could be material to our results of operations in accordance with U.S. GAAP. Due to this uncertainty, we do not believe that reconciling information for such projected figures would be meaningful.</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_25"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:73.205%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.400%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.668%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.227%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited&#59; in thousands, except per share data)</font></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Passenger ticket revenues</font></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,896,516&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">651,858&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Onboard and other revenues</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">988,630&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">407,373&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total revenues</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,885,146&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,059,231&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cruise operating expenses&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Commissions, transportation and other</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">402,930&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">150,343&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Onboard and other</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">158,635&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">74,439&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payroll and related</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">309,998&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">349,618&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Food</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199,391&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">100,184&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fuel</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">301,513&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">188,480&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other operating</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">420,438&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">321,878&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 6.25pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total cruise operating expenses</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,792,905&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,184,942&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Marketing, selling and administrative expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">460,855&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">394,030&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,773&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">339,467&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Income (Loss)</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">271,613&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(859,208)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other (expense) income&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,808&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,322&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest expense, net of interest capitalized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(359,387)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(277,659)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Equity investment income (loss)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">20,471&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(31,059)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other income (expense)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,585&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,538)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(319,523)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(307,934)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Loss</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(47,910)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,167,142)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Loss per Share&#58;</font></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Basic</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(0.19)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4.58)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Diluted</font></td><td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(0.19)</font></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4.58)</font></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average Shares Outstanding&#58;</font></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Basic</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">255,465&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">254,821&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Diluted</font></td><td colspan="2" style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">255,465&#160;</font></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">254,821&#160;</font></td><td style="border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Comprehensive Loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Loss</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(47,910)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,167,142)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other comprehensive (loss) income&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign currency translation adjustments</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6,546)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,778&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Change in defined benefit plans</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,513&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12,597&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Loss) gain on cash flow derivative hedges</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(31,697)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">195,901&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total other comprehensive (loss) income</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(34,730)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">216,276&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Comprehensive Loss</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(82,640)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(950,866)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:8pt;margin-top:8pt;padding-left:9pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_28"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font><br></font></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.652%"><tr><td style="width:1.0%"></td><td style="width:58.307%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.314%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.140%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.496%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.272%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">STATISTICS</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;text-indent:-22.5pt;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Passengers Carried</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,806,270&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">734,809&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,533,226&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Passenger Cruise Days</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,474,742&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,418,899&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,561,817&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">APCD</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,692,906&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,860,600&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Occupancy</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">102.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">57.4&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">107.1&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div style="margin-top:8pt;padding-left:9pt;text-indent:-9pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_31"></div><hr style="page-break-after:always"><div style="min-height:42.75pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.029%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.949%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.571%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.951%"></td><td style="width:0.1%"></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CONSOLIDATED BALANCE SHEETS</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in thousands, except share data)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">As&#160;of</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">March 31,</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31,</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(unaudited)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash and cash equivalents</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,226,871&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,935,005&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Trade and other receivables, net of allowances of $10,483 and $11,612 at March&#160;31, 2023 and December&#160;31, 2022, respectively</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">379,177&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">531,066&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Inventories</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">221,299&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">224,016&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Prepaid expenses and other assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">543,599&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">455,836&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative financial instruments</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">42,651&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">59,083&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total current assets</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,413,597&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,205,006&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Property and equipment, net</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27,466,333&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">27,546,445&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease right-of-use assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">521,209&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">537,559&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Goodwill</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">809,258&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">809,277&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other assets, net of allowances of $63,102  and $71,614 at March&#160;31, 2023 and December&#160;31, 2022, respectively</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,660,090&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,678,074&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total assets</font></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32,870,487&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33,776,361&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Liabilities and Shareholders&#8217; Equity</font></td><td colspan="3" style="border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current portion of long-term debt</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,055,307&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,087,711&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current portion of operating lease liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">78,385&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">79,760&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accounts payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">714,837&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">646,727&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accrued expenses and other liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,200,590&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,459,957&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Derivative financial instruments</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">121,836&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">131,312&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Customer deposits</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,270,589&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,167,997&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total current liabilities</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,441,544&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8,573,464&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Long-term debt</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19,404,804&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">21,303,480&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Long-term operating lease liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">509,530&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">523,006&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other long-term liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">489,188&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">507,599&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total liabilities</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">29,845,066&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">30,907,549&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Shareholders&#8217; equity</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Preferred stock ($0.01 par value&#59; 20,000,000 shares authorized&#59; none outstanding)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Common stock ($0.01 par value&#59; 500,000,000 shares authorized&#59; 283,979,907 and 283,257,102 shares issued, March&#160;31, 2023 and December&#160;31, 2022, respectively)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,840&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,832&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Paid-in capital</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,351,493&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,284,852&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accumulated deficit</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,755,339)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,707,429)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Accumulated other comprehensive loss</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(677,944)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(643,214)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Treasury stock (28,248,125 and 28,018,385 common shares at cost, March&#160;31, 2023 and December&#160;31, 2022, respectively)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,069,432)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,068,229)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total shareholders&#8217; equity attributable to Royal Caribbean Cruises Ltd.</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,851,618&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,868,812&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Noncontrolling Interests</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">173,803&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total shareholders&#8217; equity</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,025,421&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,868,812&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total liabilities and shareholders&#8217; equity</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32,870,487&#160;</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33,776,361&#160;</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_34"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.826%"><tr><td style="width:1.0%"></td><td style="width:61.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.986%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.669%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CONSOLIDATED STATEMENTS OF CASH FLOWS</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited, in thousands)</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended March 31,</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Operating Activities</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net Loss</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(47,910)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,167,142)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Adjustments&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,773&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">339,467&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net deferred income tax benefit</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(11,366)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,067)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(Gain) loss on derivative instruments not designated as hedges</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,397)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,873&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Share-based compensation expense</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26,270&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22,839&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Equity investment (income) loss</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(20,471)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">31,059&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Amortization of debt issuance costs, discounts and premiums</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">30,070&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">43,190&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Loss on extinguishment of debt</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,289&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Changes in operating assets and liabilities&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Decrease (increase) in trade and other receivables, net</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">122,940&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(32,236)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Decrease (increase) in inventories</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,716&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(29,242)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Increase in prepaid expenses and other assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(78,489)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(124,394)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Increase in accounts payable trade</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">56,682&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">112,426&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Decrease in accrued expenses and other liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(258,713)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(119,068)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Increase in customer deposits</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,102,592&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">406,534&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other, net</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15,932&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(20,086)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net cash provided by (used in) operating activities</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,309,918&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(528,847)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Investing Activities</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Purchases of property and equipment</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(251,933)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,363,086)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash received on settlement of derivative financial instruments</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,405&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,650&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash paid on settlement of derivative financial instruments</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(5,658)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(77,853)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash received on loans to unconsolidated affiliates</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5,392&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,444&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other, net</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12,694&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(12,296)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net cash used in investing activities</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(234,100)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,443,141)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Financing Activities</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Debt proceeds</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">705,000&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,349,969&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Debt issuance costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(27,213)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(93,763)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Repayments of debt</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(2,663,665)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,007,632)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Proceeds from sale of noncontrolling interest</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">209,320&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other, net</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(7,617)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(10,843)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net cash (used in) provided by financing activities</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,784,175)</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,237,731&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Effect of exchange rate changes on cash and cash equivalents</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">223&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">991&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net decrease in cash and cash equivalents </font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(708,134)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(733,266)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash and cash equivalents at beginning of period </font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,935,005&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,701,770&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash and cash equivalents at end of period </font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,226,871&#160;</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,968,504&#160;</font></td><td style="border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.826%"><tr><td style="width:1.0%"></td><td style="width:61.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.986%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.669%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.163%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">CONSOLIDATED STATEMENTS OF CASH FLOWS</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited, in thousands)</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Three Months Ended March 31,</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Supplemental Disclosure</font></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cash paid during the period for&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 13.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest, net of amount capitalized</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">389,294&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">225,771&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Non-cash Investing Activities</font></td><td colspan="3" style="border-top:3pt double #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities</font></td><td style="border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19,321&#160;</font></td><td style="border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-bottom:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-bottom:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">31,899&#160;</font></td><td style="border-bottom:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_549755814401"></div><hr style="page-break-after:always"><div style="min-height:49.5pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%"> </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.156%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.722%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NON-GAAP RECONCILING INFORMATION</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gross Margin Yields and Net Yields were calculated by dividing Gross Margin and Adjusted Gross Margins by APCD as follows (in thousands, except APCD and Yields)&#58;</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023 On&#160;a Constant Currency Basis</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total revenue</font></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,885,146&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,439,767&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Less&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Cruise operating expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,792,905&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,413,704&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,773&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">292,285&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Margin</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">732,468&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">748,541&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">733,778&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Add&#58;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Payroll and related</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">309,998&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">269,532&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Food</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">199,391&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">139,534&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fuel</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">301,513&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">160,171&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other operating</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">420,438&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">346,142&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,773&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">292,285&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted Gross Margin</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,323,581&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,340,700&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,941,442&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 1.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">APCD</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,860,600&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Margin Yields</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">65.20&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">66.63&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">74.42&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Yields</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">206.84&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">208.37&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">196.89&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_549755814370"></div><hr style="page-break-after:always"><div style="min-height:49.5pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:180%"> </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.519%"><tr><td style="width:1.0%"></td><td style="width:58.964%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.782%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.782%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.784%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NON-GAAP RECONCILING INFORMATION</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td></tr><tr><td colspan="18" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gross Cruise Costs, Net Cruise Costs and Net Cruise Costs excluding Fuel were calculated as follows (in thousands, except APCD and costs per APCD)&#58;</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023 On&#160;a Constant Currency Basis</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total cruise operating expenses</font></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,792,905&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,413,704&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Marketing, selling and administrative expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">460,855&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">414,947&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Cruise Costs</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,253,760&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,265,705&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,828,651&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Less&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Commissions, transportation and other</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">402,930&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">363,155&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Onboard and other</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">158,635&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">135,170&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net Cruise Costs Including Other Costs</font></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,692,195&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,330,326&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Less&#58;</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gain on sale of controlling interest (1)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,130)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Impairment and credit losses (recoveries) (2)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6,990)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transaction costs related to Silversea Cruises acquisition (3)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,186&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,702,315&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,710,168&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,329,140&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Less&#58;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Fuel</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">301,513&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">160,171&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs Excluding Fuel</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,400,802&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,408,655&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,168,969&#160;</font></td><td style="border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">APCD</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9,860,600&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Gross Cruise Costs per APCD</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">200.63&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">201.69&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">185.45&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs per APCD</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">151.54&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">152.24&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">134.79&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Cruise Costs Excluding Fuel per APCD</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">124.70&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">125.40&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">118.55&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Represents gain on sale of controlling interest in cruise terminal facilities in Italy. Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive loss. </font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents recoveries of credit losses for notes receivables for which credit losses were previously recorded. Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive loss.</font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Marketing, selling and administrative expenses </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive loss. </font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-indent:-9pt"><font><br></font></div><div style="padding-left:4.5pt;text-indent:-9pt"><font><br></font></div><div><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_40"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:91.826%"><tr><td style="width:1.0%"></td><td style="width:69.231%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.036%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.498%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.037%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.<br></font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NON-GAAP RECONCILING INFORMATION</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">EBITDA and Adjusted EBITDA were calculated as follows (in thousands, except APCD and per APCD data)&#58;</font></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Loss</font></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(47,910)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,167,142)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(14,808)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,322)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest expense, net of interest capitalized</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,387&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">277,659&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">359,773&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">339,467&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Income tax (benefit) expense (1)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(8,343)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6,578&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">EBITDA</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">648,099&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(546,760)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other expense (income) (2)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,758&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4,040)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gain on sale of controlling interest (3)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,130)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Impairment and credit losses (recoveries) (4)</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6,990)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">173&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Restructuring charges and other initiative expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">973&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted EBITDA</font></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">641,737&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(549,654)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">APCD</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11,233,489&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7,692,906&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Loss per APCD</font></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4.26)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(151.72)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted EBITDA per APCD</font></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">57.13&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(71.45)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;padding-right:36pt;text-align:center"><font><br></font></div><div style="margin-top:6pt;padding-left:18pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:180%;position:relative;top:-3.15pt;vertical-align:baseline">(1) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:180%">Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:180%">Other income (expense) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:180%">in our consolidated statements of comprehensive loss. </font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Excludes income tax (benefit) expense, included in the EBITDA calculation above. </font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:22.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:112%;position:relative;top:-2.8pt;vertical-align:baseline"> </font><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Represents gain on sale of controlling interest in cruise terminal facilities in Italy. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:112%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">in our consolidated statements of comprehensive loss.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:22.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%"> Represents asset impairments and credit loss recoveries for notes receivables for which credit losses were previously recorded. Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:112%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">in our consolidated statements of comprehensive loss.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.358%"><tr><td style="width:1.0%"></td><td style="width:78.254%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NON-GAAP RECONCILING INFORMATION</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">EBITDA and Adjusted EBITDA were calculated as follows (in thousands, except APCD and per APCD data)&#58;</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended December 31,</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Income attributable to Royal Caribbean Cruises Ltd.</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,878,887&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest income</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(26,945)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Interest expense, net of interest capitalized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">408,513&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Depreciation and amortization expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,245,942&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Income tax expense (1)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">32,602&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">EBITDA</font></td><td colspan="2" style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,538,999&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Other income (2)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(8,089)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Restructuring charges and other initiatives expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,707&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Oasis of the Seas incident, Grand Bahama's Drydock write-off and other incidental expense (3)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">35,239&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Transaction and integration cost related to the 2018 Silversea acquisition</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,048&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non-controlling interest adjustment (4)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">35,965&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted EBITDA</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,617,869&#160;</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">APCD</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41,432,451&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Income attributable to Royal Caribbean Cruises Ltd. per APCD</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">45.35&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted EBITDA per APCD</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">87.32&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="margin-bottom:3pt;margin-top:6pt;text-align:justify;text-indent:-4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)  </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other income (expense) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive income (loss). </font></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Excludes income tax expense, included in the EBITDA calculation above. </font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:112%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:112%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">Amount includes incidental costs, net of insurance recoveries of $14.5 million related to the collapse of the drydock structure at the Grand Bahama Shipyard involving </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:112%">Oasis of the Seas</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:112%">, which were reported primarily within Other operating expenses in our consolidated statements of comprehensive income (loss) for the year ended December 31, 2019&#894; and $20.7 million regarding the Grand Bahama incident involving one of its drydocks, included in our equity investment income within our consolidated statements of comprehensive income (loss) for the year ended December 31, 2019.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Adjustment made to exclude the impact of the contractual accretion requirements associated with the put option held by Heritage Cruise Holding Ltd.'s (previously known as Silversea Cruises Group Ltd.) noncontrolling interest, which noncontrolling interest we acquired on July 9, 2020.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i097207c33a434861b5146fc1a62e8010_43"></div><hr style="page-break-after:always"><div style="min-height:49.5pt;width:100%"><div><font><br></font></div></div><div style="padding-left:36pt;padding-right:36pt;text-align:center;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.192%"><tr><td style="width:1.0%"></td><td style="width:71.122%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.368%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.473%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.537%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">ROYAL CARIBBEAN CRUISES LTD.<br></font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">NON-GAAP RECONCILING INFORMATION</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(unaudited)</font></td></tr><tr><td colspan="12" style="padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Adjusted Net Loss and Adjusted Loss per Share were calculated as follows (in thousands, except shares and per share data)&#58;</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Quarter Ended March 31,</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#160;</font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</font></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Net Loss</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(47,910)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,167,142)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Loss on extinguishment of debt </font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13,289&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Gain on sale of controlling interest (1)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(3,130)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">PortMiami tax on sale of noncontrolling interest (2)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,020&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Silver Whisper deferred tax liability release (3)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(25,784)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Impairment and credit losses (recoveries) (4)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(6,990)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">173&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Amortization of Silversea Cruises intangible assets related to Silversea Cruises acquisition (5)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,623&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,623&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Restructuring charges and other initiative expenses</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">973&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted Net Loss</font></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(58,882)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1,164,373)</font></td><td style="border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Loss per Share - Diluted</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(0.19)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4.58)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Adjusted Loss per Share - Diluted</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(0.23)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(4.57)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average Shares Outstanding - Diluted</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">255,465&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">254,821&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:3pt;margin-top:3pt;text-indent:-9pt"><font><br></font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:13.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents gain on sale of controlling interest in cruise terminal facilities in Italy. Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive loss.</font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:13.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents tax on the PortMiami sale of noncontrolling interest. These amounts are included in </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other income (expense) </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">within our consolidated statements of comprehensive loss</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">.</font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:13.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(3)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents the release of the deferred tax liability subsequent to the execution of the bargain purchase option for the Silver Whisper. These amounts are included within Other income (expense) in our consolidated statements of comprehensive loss. </font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:13.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(4)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents asset impairments and recoveries of credit losses for notes receivables in which credit losses were previously recorded. Included within </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:120%">Other operating </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">in our consolidated statements of comprehensive loss.</font></div><div style="margin-bottom:3pt;margin-top:6pt;padding-left:13.5pt;text-align:justify;text-indent:-9pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(5)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> Represents the amortization of the Silversea Cruises intangible assets resulting from the 2018 Silversea Cruises acquisition.</font></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:4.5pt;text-align:justify;text-indent:-9pt"><font><br></font></div><div style="height:49.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>rcl-20230504.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2023 Workiva-->
<!--r:788c3342-7b51-4308-9eb5-65fa33c8db39,g:a9f73ccc-6a21-453a-b22a-561d059d62fe-->
<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:rcl="http://www.royalcaribbean.com/20230504" xmlns:xbrli="http://www.xbrl.org/2003/instance" attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.royalcaribbean.com/20230504">
  <xs:import namespace="http://www.w3.org/1999/xlink" schemaLocation="http://www.xbrl.org/2003/xlink-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/dei/2022" schemaLocation="https://xbrl.sec.gov/dei/2022/dei-2022.xsd"/>
  <xs:annotation>
    <xs:appinfo>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rcl-20230504_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rcl-20230504_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple"/>
      <link:linkbaseRef xmlns:xlink="http://www.w3.org/1999/xlink" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="rcl-20230504_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple"/>
      <link:roleType id="DocumentandEntityInformationDocument" roleURI="http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument">
        <link:definition>0000001 - Document - Document and Entity Information Document</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xs:appinfo>
  </xs:annotation>
  <xs:element id="rcl_Coverpage.Abstract" abstract="true" name="Coverpage.Abstract" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
</xs:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>4
<FILENAME>rcl-20230504_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2023 Workiva-->
<!--r:788c3342-7b51-4308-9eb5-65fa33c8db39,g:a9f73ccc-6a21-453a-b22a-561d059d62fe-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain"/>
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:type="simple" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member"/>
  <link:roleRef roleURI="http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument" xlink:type="simple" xlink:href="rcl-20230504.xsd#DocumentandEntityInformationDocument"/>
  <link:definitionLink xlink:role="http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument" xlink:type="extended" id="i918bba32007d4c9996a798a5f6318a63_DocumentandEntityInformationDocument">
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationLineItems"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_d22281a0-b4a7-43b4-aa98-d7c1d02b5189" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_Security12bTitle_d22281a0-b4a7-43b4-aa98-d7c1d02b5189" xlink:type="arc" order="0"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_e915c295-4a9f-4587-a488-839b0ebbe372" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_LocalPhoneNumber_e915c295-4a9f-4587-a488-839b0ebbe372" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_c31a36d2-60f6-4cef-834b-fa3d9bbd6a32" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityRegistrantName_c31a36d2-60f6-4cef-834b-fa3d9bbd6a32" xlink:type="arc" order="2"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_8289e13c-16ec-4a26-b81a-090d17c2db8f" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_DocumentType_8289e13c-16ec-4a26-b81a-090d17c2db8f" xlink:type="arc" order="3"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_dbdd25ef-1cae-4cdd-bff6-dcb12957ba42" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_DocumentPeriodEndDate_dbdd25ef-1cae-4cdd-bff6-dcb12957ba42" xlink:type="arc" order="4"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_774c4f79-055c-4434-b193-c2c2f7582b24" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityFileNumber_774c4f79-055c-4434-b193-c2c2f7582b24" xlink:type="arc" order="5"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_06f47cf8-ba73-4298-af93-2c9d9e99ab97" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityTaxIdentificationNumber_06f47cf8-ba73-4298-af93-2c9d9e99ab97" xlink:type="arc" order="6"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_d3f1b847-7525-42a2-aa8b-866e8fedb646" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressPostalZipCode_d3f1b847-7525-42a2-aa8b-866e8fedb646" xlink:type="arc" order="7"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_e98ea227-7034-46b2-be7d-10e4142a29c4" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_CityAreaCode_e98ea227-7034-46b2-be7d-10e4142a29c4" xlink:type="arc" order="8"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_72e0bd5d-9f49-4fe6-9efb-8371402c145e" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityIncorporationStateCountryCode_72e0bd5d-9f49-4fe6-9efb-8371402c145e" xlink:type="arc" order="9"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_ac30e0d9-6151-40e5-ade0-dc3d8a571cac" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressAddressLine1_ac30e0d9-6151-40e5-ade0-dc3d8a571cac" xlink:type="arc" order="10"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_47ca26c0-08d3-46a6-b753-344e163e6196" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressCityOrTown_47ca26c0-08d3-46a6-b753-344e163e6196" xlink:type="arc" order="11"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_0f07aaee-c965-468b-9597-b9068ecee3fb" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressStateOrProvince_0f07aaee-c965-468b-9597-b9068ecee3fb" xlink:type="arc" order="12"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_0f6fd95f-d77d-4cb7-89c2-5d7ba9b674db" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_TradingSymbol_0f6fd95f-d77d-4cb7-89c2-5d7ba9b674db" xlink:type="arc" order="13"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_3f107d03-5776-44ff-8c7c-9195a3cb2857" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_WrittenCommunications_3f107d03-5776-44ff-8c7c-9195a3cb2857" xlink:type="arc" order="14"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_74980acb-ff79-41bd-93ca-d04cefb3e46f" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_SolicitingMaterial_74980acb-ff79-41bd-93ca-d04cefb3e46f" xlink:type="arc" order="15"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_3208a154-8a11-46da-95da-b5da42cfc2cc" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_PreCommencementTenderOffer_3208a154-8a11-46da-95da-b5da42cfc2cc" xlink:type="arc" order="16"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_5fc3b5e4-8e7f-42ac-8e41-3c6bf0e0a862" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_5fc3b5e4-8e7f-42ac-8e41-3c6bf0e0a862" xlink:type="arc" order="17"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_e4776b56-b626-4c2f-8038-e53702933e8b" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityEmergingGrowthCompany_e4776b56-b626-4c2f-8038-e53702933e8b" xlink:type="arc" order="18"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_700fc4d1-e02e-4067-a508-b02705def2f2" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_SecurityExchangeName_700fc4d1-e02e-4067-a508-b02705def2f2" xlink:type="arc" order="19"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_9d98c5ee-127b-426e-8b49-9c13fa601c05" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityCentralIndexKey_9d98c5ee-127b-426e-8b49-9c13fa601c05" xlink:type="arc" order="20"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_06ae133f-4c42-47c8-9a66-e5d68b34f8b8" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/domain-member" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_AmendmentFlag_06ae133f-4c42-47c8-9a66-e5d68b34f8b8" xlink:type="arc" order="21"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationTable"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/all" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:type="arc" order="1" xbrldt:closed="true" xbrldt:contextElement="segment"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationDocumentAxis"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:from="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:to="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentDomain_1afb36fa-40e3-41f1-a056-3b809a16c7cb_default" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:from="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:to="loc_dei_DocumentDomain_1afb36fa-40e3-41f1-a056-3b809a16c7cb_default" xlink:type="arc" order="1"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentDomain_f96fba91-c580-4388-8d26-690232be1ff9" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentDomain"/>
    <link:definitionArc xlink:arcrole="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:from="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:to="loc_dei_DocumentDomain_f96fba91-c580-4388-8d26-690232be1ff9" xlink:type="arc" order="1"/>
  </link:definitionLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>rcl-20230504_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2023 Workiva-->
<!--r:788c3342-7b51-4308-9eb5-65fa33c8db39,g:a9f73ccc-6a21-453a-b22a-561d059d62fe-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_EntityCentralIndexKey_1f3fc636-54e2-4324-b3ef-dc5fe29f8b58_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_1480fce7-6218-4b50-b256-ec3e5828640c_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_1c22cee9-1436-4bf4-8bfd-f24884f64f8f_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFileNumber_05065844-6bb0-4633-8ee2-f7acf28b41eb_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_label_en-US" xlink:label="lab_dei_EntityFileNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber" xlink:to="lab_dei_EntityFileNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SolicitingMaterial_9756ead2-d35e-4688-8107-7387654ae0ca_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_label_en-US" xlink:label="lab_dei_SolicitingMaterial" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial" xlink:to="lab_dei_SolicitingMaterial" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_a38ca5d8-86b1-43c5-b95f-c83de732baa2_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_fe251ac5-6dbe-4ca3-b37e-2c423f830a70_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_4084acc9-4088-4b2d-8011-336812facc5a_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationLineItems_298a68b6-9592-4136-adf6-e6e19c30671f_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:label id="lab_dei_DocumentInformationLineItems_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationLineItems" xlink:to="lab_dei_DocumentInformationLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_27e5526a-1e9c-486e-bb5c-d622fb785c97_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationDocumentAxis_a830d21d-5e1c-49b9-8ba7-b4e91b2fc965_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationDocumentAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information, Document [Axis]</link:label>
    <link:label id="lab_dei_DocumentInformationDocumentAxis_label_en-US" xlink:label="lab_dei_DocumentInformationDocumentAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information, Document [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationDocumentAxis" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationDocumentAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationDocumentAxis" xlink:to="lab_dei_DocumentInformationDocumentAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_010ff9ea-7874-4ccc-979e-44311d9fa2e0_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_da873120-87ca-49f3-a630-fcc3ed31c24d_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_9b2ac6ea-b9f6-4013-a027-5b875650bd34_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_cbdaf10d-70d3-42e5-8249-6d2010610b5c_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_ff93f055-4efd-42bc-aed4-0f53e4728121_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber" xlink:to="lab_dei_EntityTaxIdentificationNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_aa1fa909-214a-4e1f-b61b-e169bc00eeee_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer" xlink:to="lab_dei_PreCommencementIssuerTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_8c5a7c4a-9f8a-44af-8b0b-5b39a9db6334_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_b183396f-a390-47b9-866f-51daeba777c7_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentDomain_ca7a71d9-a8ae-4e8f-a5fc-4000bb4913fa_terseLabel_en-US" xlink:label="lab_dei_DocumentDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document [Domain]</link:label>
    <link:label id="lab_dei_DocumentDomain_label_en-US" xlink:label="lab_dei_DocumentDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentDomain" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentDomain" xlink:to="lab_dei_DocumentDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_WrittenCommunications_6245ab81-b039-459b-a4cf-fa48992170c6_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_label_en-US" xlink:label="lab_dei_WrittenCommunications" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications" xlink:to="lab_dei_WrittenCommunications" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_669413d3-3c51-42f1-a28c-e08e75ea3b5e_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationTable_af52c8d0-c6b4-43a4-9fc4-74e26d517ed3_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_c7e3f429-fa00-40e6-af85-164db52073a6_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressStateOrProvince_d3f08612-21a8-4362-b0c6-f76825f7635f_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince" xlink:to="lab_dei_EntityAddressStateOrProvince" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_PreCommencementTenderOffer_59415a67-fc49-4ff8-876c-798153af07c1_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer" xlink:to="lab_dei_PreCommencementTenderOffer" xlink:type="arc" order="1"/>
    <link:label id="lab_rcl_Coverpage.Abstract_ea78b697-b6a3-4bf6-b5ba-683b1686e923_terseLabel_en-US" xlink:label="lab_rcl_Coverpage.Abstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover page. [Abstract]</link:label>
    <link:label id="lab_rcl_Coverpage.Abstract_label_en-US" xlink:label="lab_rcl_Coverpage.Abstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover page. [Abstract]</link:label>
    <link:label id="lab_rcl_Coverpage.Abstract_documentation_en-US" xlink:label="lab_rcl_Coverpage.Abstract" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en-US">Cover page. [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_rcl_Coverpage.Abstract" xlink:href="rcl-20230504.xsd#rcl_Coverpage.Abstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_rcl_Coverpage.Abstract" xlink:to="lab_rcl_Coverpage.Abstract" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>rcl-20230504_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2023 Workiva-->
<!--r:788c3342-7b51-4308-9eb5-65fa33c8db39,g:a9f73ccc-6a21-453a-b22a-561d059d62fe-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument" xlink:type="simple" xlink:href="rcl-20230504.xsd#DocumentandEntityInformationDocument"/>
  <link:presentationLink xlink:role="http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_rcl_Coverpage.Abstract_923b529d-458f-4103-a058-e947b6f6cedc" xlink:href="rcl-20230504.xsd#rcl_Coverpage.Abstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_rcl_Coverpage.Abstract_923b529d-458f-4103-a058-e947b6f6cedc" xlink:to="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationDocumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:to="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentDomain_f96fba91-c580-4388-8d26-690232be1ff9" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationDocumentAxis_1afb36fa-40e3-41f1-a056-3b809a16c7cb" xlink:to="loc_dei_DocumentDomain_f96fba91-c580-4388-8d26-690232be1ff9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationTable_2138d706-4b42-472b-8a17-d8f1f61ffe2e" xlink:to="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_d22281a0-b4a7-43b4-aa98-d7c1d02b5189" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_Security12bTitle_d22281a0-b4a7-43b4-aa98-d7c1d02b5189" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_e915c295-4a9f-4587-a488-839b0ebbe372" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_LocalPhoneNumber_e915c295-4a9f-4587-a488-839b0ebbe372" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_c31a36d2-60f6-4cef-834b-fa3d9bbd6a32" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityRegistrantName_c31a36d2-60f6-4cef-834b-fa3d9bbd6a32" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_8289e13c-16ec-4a26-b81a-090d17c2db8f" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_DocumentType_8289e13c-16ec-4a26-b81a-090d17c2db8f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_dbdd25ef-1cae-4cdd-bff6-dcb12957ba42" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_DocumentPeriodEndDate_dbdd25ef-1cae-4cdd-bff6-dcb12957ba42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_774c4f79-055c-4434-b193-c2c2f7582b24" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityFileNumber_774c4f79-055c-4434-b193-c2c2f7582b24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_06f47cf8-ba73-4298-af93-2c9d9e99ab97" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityTaxIdentificationNumber_06f47cf8-ba73-4298-af93-2c9d9e99ab97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_d3f1b847-7525-42a2-aa8b-866e8fedb646" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressPostalZipCode_d3f1b847-7525-42a2-aa8b-866e8fedb646" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_e98ea227-7034-46b2-be7d-10e4142a29c4" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_CityAreaCode_e98ea227-7034-46b2-be7d-10e4142a29c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_72e0bd5d-9f49-4fe6-9efb-8371402c145e" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityIncorporationStateCountryCode_72e0bd5d-9f49-4fe6-9efb-8371402c145e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_ac30e0d9-6151-40e5-ade0-dc3d8a571cac" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressAddressLine1_ac30e0d9-6151-40e5-ade0-dc3d8a571cac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_47ca26c0-08d3-46a6-b753-344e163e6196" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressCityOrTown_47ca26c0-08d3-46a6-b753-344e163e6196" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_0f07aaee-c965-468b-9597-b9068ecee3fb" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityAddressStateOrProvince_0f07aaee-c965-468b-9597-b9068ecee3fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_0f6fd95f-d77d-4cb7-89c2-5d7ba9b674db" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_TradingSymbol_0f6fd95f-d77d-4cb7-89c2-5d7ba9b674db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_WrittenCommunications_3f107d03-5776-44ff-8c7c-9195a3cb2857" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_WrittenCommunications_3f107d03-5776-44ff-8c7c-9195a3cb2857" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SolicitingMaterial_74980acb-ff79-41bd-93ca-d04cefb3e46f" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_SolicitingMaterial_74980acb-ff79-41bd-93ca-d04cefb3e46f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementTenderOffer_3208a154-8a11-46da-95da-b5da42cfc2cc" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_PreCommencementTenderOffer_3208a154-8a11-46da-95da-b5da42cfc2cc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_5fc3b5e4-8e7f-42ac-8e41-3c6bf0e0a862" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_5fc3b5e4-8e7f-42ac-8e41-3c6bf0e0a862" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_e4776b56-b626-4c2f-8038-e53702933e8b" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityEmergingGrowthCompany_e4776b56-b626-4c2f-8038-e53702933e8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_700fc4d1-e02e-4067-a508-b02705def2f2" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_SecurityExchangeName_700fc4d1-e02e-4067-a508-b02705def2f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_9d98c5ee-127b-426e-8b49-9c13fa601c05" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_EntityCentralIndexKey_9d98c5ee-127b-426e-8b49-9c13fa601c05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_06ae133f-4c42-47c8-9a66-e5d68b34f8b8" xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_DocumentInformationLineItems_67027ac9-1a1a-4e28-ac4f-3d6923151bb8" xlink:to="loc_dei_AmendmentFlag_06ae133f-4c42-47c8-9a66-e5d68b34f8b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>imagea.jpg
<TEXT>
begin 644 imagea.jpg
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M8%/ ID!R5<SU&_>EVM<CU+TQ-6X=@$1?CC=,YP[=D@$[( ]'OFAB<VG<J)?
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MQF*,NGB$H5(Q9<'B@ZD">P__Q2Z!'=4J^%2IQM!$-8^IVWKT#UT:KU9M.4W
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MR/$  !19241!5-XD<S-U(RD ZH5+1ZGGF#GO>(2;9IQ91$BGP;A0,/H6+3=
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MK6FH^Y8.CVHKK5OTD (EPB13GKYJ3'4G0(DZ63  ]OKU_53EPHY*2 *H8EA
M2";6L5UWCS>QILU8FDFNOV/WS\FI\R<[@^Z-=*MX6*!6<G>GG3]9-^WFVA3(
ML!3 @0*G!PS^;SYWU*,MS:H8J(6"'VLR&08]]8X!@*O7#I"MBYNH =7HP,G]
M<GR#M^K')P]K+9TZ=%//EG*5@UVF%"#RU,O+3[+DC90F/_02/&#6S/(1ZF*/
M4U/WD;B&<G!-(VG3JD>:-K$F-PHY47"ELHM- 9L"-@4R @62<>QT"@\*=NM
MSXZ_IKM<.SIV=E'JW;VSQ,WQ46\5.';EK&-)P^NM +]MR0\R:6AK&131099/
M3YX$#(/K^OD_RK"H=C*R?[Q+(RH=4O@:%0\Z=KQNR XY(+R#L(,2>Z^ZVU;#
MK1.H$;?NA,<>)QEA\.T^V!2P*9 Q*> 4V.DJ(<^H*3SEVE&9%"@>)K6^#E"
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M2=2@.+U^Q:IC<NGR7>6JTR-Y%^#^[-E+_;!7J%UL"M@4L"F042CP3H#=D5@
MZM.G+U3/??_^$_5&N7GS@=Q(^-RY^T@X__#A4[V.Z\5FIAW):/]O4\"F@$T!
MIQ3X'P%VIRVQ3]H4L"E@4\"F0+I0P ;V="&C78E- 9L"-@7^.!3X_Q-^7\'?
/&E!V     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm140263402876496">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information Document<br></strong></div></th>
<th class="th"><div>May 04, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentInformationLineItems', window );"><strong>Document Information [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common stock, par value $0.01 per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">539-6000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">ROYAL CARIBBEAN CRUISES LTD.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May  04,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-11884<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">98-0081645<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">33132<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">305<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">N0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">1050 Caribbean Way<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Miami<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">FL<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">RCL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000884887<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentInformationLineItems">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentInformationLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>rcl-20230504_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xml:lang="en-US"
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="rcl-20230504.xsd" xlink:type="simple"/>
    <context id="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000884887</identifier>
        </entity>
        <period>
            <startDate>2023-05-04</startDate>
            <endDate>2023-05-04</endDate>
        </period>
    </context>
    <dei:EntityCentralIndexKey
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV80L2ZyYWc6Yjc4ODk3YmFjODE2NGNkYjkxNWRjZWU5NWQyYmIyMzgvdGFibGU6N2YyZmVkZmFlZTUyNGY4ZjgzODRjMTEzMTdkMzcxNTcvdGFibGVyYW5nZTo3ZjJmZWRmYWVlNTI0ZjhmODM4NGMxMTMxN2QzNzE1N18yLTEtMS0xLTMwODEzMw_fc66e730-2ec2-4de1-8bcc-2b702ab49eb2">0000884887</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV80L2ZyYWc6Yjc4ODk3YmFjODE2NGNkYjkxNWRjZWU5NWQyYmIyMzgvdGFibGU6N2YyZmVkZmFlZTUyNGY4ZjgzODRjMTEzMTdkMzcxNTcvdGFibGVyYW5nZTo3ZjJmZWRmYWVlNTI0ZjhmODM4NGMxMTMxN2QzNzE1N181LTEtMS0xLTMwODEzMw_29d77ffb-fc39-4448-8fba-9ae856e78585">false</dei:AmendmentFlag>
    <dei:DocumentType
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV84OQ_c4e8aaa7-7ee7-4d7c-a6a4-737cc2648d54">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8yMzE_57ea6b96-0278-4f5d-81e2-cfc901b3f0cf">2023-05-04</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8yMzY_b08395e2-4f46-4862-997c-57274b9b5a9a">ROYAL CARIBBEAN CRUISES LTD.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zMTE_f2e3be6e-eb35-4f21-bf6c-78a29c6ec406">N0</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6YWY5NGIwNmUxMWQ4NDBlYzk3ZTkyODljZTAyZWY1NjQvdGFibGVyYW5nZTphZjk0YjA2ZTExZDg0MGVjOTdlOTI4OWNlMDJlZjU2NF8wLTAtMS0xLTMwODEzMw_bb4b772a-2b76-4723-a430-2c0ab59d4f34">1-11884</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6YWY5NGIwNmUxMWQ4NDBlYzk3ZTkyODljZTAyZWY1NjQvdGFibGVyYW5nZTphZjk0YjA2ZTExZDg0MGVjOTdlOTI4OWNlMDJlZjU2NF8wLTItMS0xLTMwODEzMw_518c26b0-a33d-4838-ab5b-1af6bb157f9b">98-0081645</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNjg_c7545ef3-c088-4441-a0fd-9f775a9606e3">1050 Caribbean Way</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzI_d3ebb744-ab99-4844-afa1-bf8a38757018">Miami</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzY_ba2b8124-6bbd-4b6b-8492-dc86ea26f73d">FL</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8zNzk_7f2c13f1-1d54-4f8f-b1a2-f813b0b2543e">33132</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV80Mzc_aa31b6ce-2c2c-4a2a-b78c-506644111f80">305</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV80NDA_3561770b-9e51-4d49-83ca-aa5e8d5d50c2">539-6000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV82MjM_f1820147-512e-4160-b2d1-4d18b517f11a">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV83MTI_d2059fec-e008-42e5-9dd9-885009edee78">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV84MDI_d3731aa1-5aa0-4883-8581-0285a343647a">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV85MDk_984eb2c3-7dd1-4bdc-ac4e-848543aa6ee2">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTAtMS0xLTMwODEzMw_ff5805ff-455c-421a-bc86-3bfe91313edb">Common stock, par value $0.01 per share</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTItMS0xLTMwODEzMw_5b56db95-1791-4303-a170-7b7270922444">RCL</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGFibGU6NDkwNDk4OTNiNmQ3NDUxZmJkYTZhM2JjMGI5ODcwYzUvdGFibGVyYW5nZTo0OTA0OTg5M2I2ZDc0NTFmYmRhNmEzYmMwYjk4NzBjNV8xLTQtMS0xLTMwODEzMw_20eca701-9713-44a9-abef-fa81dbcdbca9">NYSE</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany
      contextRef="i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504"
      id="id3VybDovL2RvY3MudjEvZG9jOjRlYTI1NzU0NjNiMTQ3YzZiZGUwMzYyNWJkZjEwNGE1L3NlYzo0ZWEyNTc1NDYzYjE0N2M2YmRlMDM2MjViZGYxMDRhNV8xL2ZyYWc6MDJkMjQ2OTcyOThkNGE0NDk2NGU2OThlNDJhMTg5NmEvdGV4dHJlZ2lvbjowMmQyNDY5NzI5OGQ0YTQ0OTY0ZTY5OGU0MmExODk2YV8xMzQy_f09dcf45-4dd5-4c04-8f97-0f67fb0a7681">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>10
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
M" !H0*16<#BCUEH$  "M$   &    'AL+W=O<FMS:&5E=',O<VAE970Q+GAM
M;(V8:W/J-A"&_XK&[73:F218YA*2 C.$D)8YN3# :>:TTP_"%J")+;F2',*_
M[\H0FYZ:-5^";_OZ\>[JE93>5NDWL^'<DH\DEJ;O;:Q-;QL-$VYXPLR52KF$
M.RNE$V;A5*\;)M6<17E0$C<"W^\T$B:D-^CEUZ9ZT%.9C87D4TU,EB1,[^YX
MK+9]CWJ?%V9BO;'N0F/02]F:S[G]FDXUG#4*E4@D7!JA)-%\U?>&]/8N:+F
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MU62X)/7;/ADQ+99+SB1Y93N,M/1]BIOV]Z1YG2&/"[65E92XW)-@B<# RAF
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MWGA_8E6:[T>7RL+N-C_<< ;=[AZ ^RNE[.>)V^(6_Z$8_ M02P,$%     @
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M-^2!8ECFS_A[QA?_&\[Q$<+NOS^QO-9.&G_FB^$_7G\!4$L! A0#%     @
M:$"D5@=!36*!    L0   !               ( !     &1O8U!R;W!S+V%P
M<"YX;6Q02P$"% ,4    " !H0*16(Q"$%N\    K @  $0
M@ &O    9&]C4')O<',O8V]R92YX;6Q02P$"% ,4    " !H0*16F5R<(Q &
M  "<)P  $P              @ '- 0  >&PO=&AE;64O=&AE;64Q+GAM;%!+
M 0(4 Q0    ( &A I%9P.*/66@0  *T0   8              " @0X(  !X
M;"]W;W)K<VAE971S+W-H965T,2YX;6Q02P$"% ,4    " !H0*16GZ ;\+$"
M  #B#   #0              @ &>#   >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0
M   ( &A I%:7BKL<P    !,"   +              "  7H/  !?<F5L<R\N
M<F5L<U!+ 0(4 Q0    ( &A I%8<.&7J/P$  #P"   /              "
M 6,0  !X;"]W;W)K8F]O:RYX;6Q02P$"% ,4    " !H0*16)!Z;HJT   #X
M 0  &@              @ '/$0  >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E
M;'-02P$"% ,4    " !H0*1699!YDAD!  #/ P  $P              @ &T
L$@  6T-O;G1E;G1?5'EP97-=+GAM;%!+!08     "0 ) #X"  #^$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.23.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="rcl-20230504.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0000001 - Document - Document and Entity Information Document</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument</Role>
      <ShortName>Document and Entity Information Document</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="rcl-20230504.htm">rcl-20230504.htm</File>
    <File>a2023q1earningsrelease8-k.htm</File>
    <File>rcl-20230504.xsd</File>
    <File>rcl-20230504_def.xml</File>
    <File>rcl-20230504_lab.xml</File>
    <File>rcl-20230504_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2022</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>15
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "rcl-20230504.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2022": 22
   },
   "contextCount": 1,
   "dts": {
    "definitionLink": {
     "local": [
      "rcl-20230504_def.xml"
     ]
    },
    "inline": {
     "local": [
      "rcl-20230504.htm"
     ]
    },
    "labelLink": {
     "local": [
      "rcl-20230504_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "rcl-20230504_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "rcl-20230504.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.sec.gov/dei/2022/dei-2022.xsd"
     ]
    }
   },
   "elementCount": 27,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2022": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 22,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "rcl",
   "nsuri": "http://www.royalcaribbean.com/20230504",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rcl-20230504.htm",
      "contextRef": "i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:Security12bTitle",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0000001 - Document - Document and Entity Information Document",
     "menuCat": "Cover",
     "order": "1",
     "role": "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument",
     "shortName": "Document and Entity Information Document",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "td",
       "tr",
       "table",
       "div",
       "body",
       "html"
      ],
      "baseRef": "rcl-20230504.htm",
      "contextRef": "i7d5b20cc8ff74d0aaa4e854d97c09678_D20230504-20230504",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:Security12bTitle",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_DocumentDomain": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Type of the document as assigned by the filer, corresponding to SEC document naming convention standards.",
        "label": "Document [Domain]",
        "terseLabel": "Document [Domain]"
       }
      }
     },
     "localname": "DocumentDomain",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "domainItemType"
    },
    "dei_DocumentInformationDocumentAxis": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table.",
        "label": "Document Information, Document [Axis]",
        "terseLabel": "Document Information, Document [Axis]"
       }
      }
     },
     "localname": "DocumentInformationDocumentAxis",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentInformationLineItems": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.",
        "label": "Document Information [Line Items]",
        "terseLabel": "Document Information [Line Items]"
       }
      }
     },
     "localname": "DocumentInformationLineItems",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentInformationTable": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package.",
        "label": "Document Information [Table]",
        "terseLabel": "Document Information [Table]"
       }
      }
     },
     "localname": "DocumentInformationTable",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer",
        "terseLabel": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer",
        "terseLabel": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.royalcaribbean.com/role/DocumentandEntityInformationDocument"
     ],
     "xbrltype": "booleanItemType"
    },
    "rcl_Coverpage.Abstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page. [Abstract]",
        "label": "Cover page. [Abstract]",
        "terseLabel": "Cover page. [Abstract]"
       }
      }
     },
     "localname": "Coverpage.Abstract",
     "nsuri": "http://www.royalcaribbean.com/20230504",
     "xbrltype": "stringItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  }
 },
 "version": "2.2"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>16
<FILENAME>0000884887-23-000016-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000884887-23-000016-xbrl.zip
M4$L#!!0    ( &A I%9]M9'*P%H  %]&!0 =    83(P,C-Q,65A<FYI;F=S
M<F5L96%S93@M:RYH=&WMO6ESVT;6*/S]_16XCI.1JUHT=@)VQE4R)3NZ5Y8\
MDO*D\NDI$&B*&(, !XMDS:]_S^EN@. J:J$(@CU5$]O$UGWZ[.OO_^?XHG?]
M]_<399B/(N7[GY_/3GO*F\/W[_\R>N_?'U\?*W]<?SM3S(ZJ*=>I%V=A'B:Q
M%[U_?W+^1GDSS//QA_?O[^[N.G=&)TEOWE]?OL=7F>^C),EH)\B#-Y]^QU_@
MO]0+/OU_O_^?PT/E./&+$8USQ4^IE]- *;(POE'^"FCV0SD\%'?UDO%]&MX,
M<T57=4/Y*TE_A+<>OYZ'>40_E>_Y_3W_]^_OV4=^[R?!_:??@_!6"8-_O@E5
MMZNK7=\P/-,P'5OK6YII#WS-LW7JJ)KZOQHL\CW<SI_)\ON(_O/-*(P/AQ2_
M_Z&KC_./=V&0#S]HJOKKFZG[QEX0P.H/(SK(/Q@VW)G3G_FA%X4W\0>V?KA_
MD,!NQ0-^$B7IAU]4]K^/>.5PX(W"Z/[#/Z[#$<V4<WJG7"8C+_X'R0#FAQE-
MPP&_,0O_2V$-\!'VSSN^/A/>$X4Q+=?+%WGR<QCVPUQQW8[V^WN\O[;+3[^'
MHQO%BW* S\B[H5[GW^.;-TJ6^C,_\#67@-#&/S^.O/0&8--/\CP9?;!@+;<T
MS4/?B\2FV?[Y90$UHVN.?VX)#(JB+-@]_Z&??IJ^-H<%M;/\=Y'EX>#^Q;>A
ME]M@;_P0YO Y?VICW=F-=4W8V)>+2^7TV[>3X].CZQ/E\N3LY.CJ9'ZOS=Z)
MSHYHG47[0.@TW=R:EZW0PA5>7OQ]=*;TCBY//W\^.3I7OEY>_/D=8/[]XO+Z
M2OER>GEUK?SKSZ/+ZY-+Y>3H\OST_.N5<G1^K)R>]R[Q7."F/\_.E+_AHO+U
MS]/CH_/>B7)QKEQ=7UZ<?X4W_<_)^9_PRY_79Q<7_^_QA[@ ES?XV"N"GZ'Z
MM].C;Z?*;[\XNJ9]5+YY]XI)N%00OY5;V.SBYA@,6QR\X]Z+E)Z7AOT^]6+E
M:YH48^7@_.^KD]]^L9R/RF7O[)V2)P&L.Z7C)$61-PC3+%?^4WCPKU0Y2[),
M&<-?KH9>2I5DH+P]4#N:^T[QXD Y"A#\\-#BVW3C74>Y'M*,PNNS(LHSY8["
MY0P.+AP 8X[SZ%[ITQR_E ]AA?F0*GXR&GOQ_3\RY:8( R_VJ3).@?6G "$E
M*"@L&""9)B"8_0B$^6$8*_TD^0&R+E.\7!D"".!]\(Q/,P*OB_,P+F"1\!"-
M;_(A+B^)^XF7PF]C&@>$;6;@W2:IUX_@ ^$(Q3[>!GOR<OR'GV1YUE&.X!-B
M,W@=_^XG:7#8!X7A!],5CO[G1,FHER4Q>ZOG^S0J7Q+0$?M2DBHA ,-/BQ!@
M0W_"5T(:L^76(*"$F1+&J(HP+02?8*A50?W$2V.VZPGD*Y !D-Z:'5.MD!/^
MY:B=%E#B8F3_[1?#_/@757[$\#[ I;P.[*1(E3[J<A30],[+2OS!ZR564 0E
M@=MR0%)EZ-U2P$P:*^,(X,\Q-2M2P*H,('\7 AH-DSLENPL'>*G\6)'FB'S5
MJ>.]-(H4KY_ "X=AEB<I:B0*?C7(.(I4.(L/9(1M1<F\,%#^+\.CZXYR%O9!
ME[DG@-8T"P/44?%1?QC2 2 0]8L\O$7" [*"%P%J+B3^CL)>?D9#V L@20K;
MC"H2R01I"7@H "BXE($JFW)"J?:7#6';>/L=$%%6Q^".<CP#=U#/X1; Y:3(
MQYZ/J-Q/$R] FN??%T3ME<>2TGY2(&#8_P$^<)_/]G?K106R@V2<<)5?  M4
M7>1"'$ABDX ,2!$U"AH4<!+WU$LK,B'*#;R6\YT:5U)&":KOQ0B>GD(>SBGN
M^)O9P2;\ACM@H;@%/! \!_AIPZS_D4K9-;R'^KFW58%TDWA1UD&.I -'6J#_
M5C8.5^7S9,ST^(;(>[Z. #F^A\CW 9"4IGC7FT__C]XK?\"=$=Z=-9]?7C%2
M*^4NX'SHAV/&KP0K&P+U1_!/1IBS4@YO@)T 2X [:B*/*'?#T!^RAQE_JG.6
M' WU"+X!5,7?F@!=Y:7P5FA\&\*BF %>2JT@#6_QFF"0$? -$-0^<%'^@2EA
M7RH;X@:4_:,^[%SP:RY:Y[0!)/&Z-L#$ ./_8ONSS"$< 0.ZI6R=!V!B9L5$
M57F'K\,'IM4H7.K<:SACHN430NJSG7<_9HQ;'3)NA>P52!=1+F-\%0[K!^42
MH%QZ"FP']D60:7.) VQ9Z >/I/D>X&<_#9?AE[86?LUK&NNH$\VD>S!IV6G^
M2YPF:F%,@5ZZCRG?B^8LW K_*8Q1F'\XQ)NVICH!/[:W:*I\G :7T6&P.*O3
M^D*J8L:$INJ_+E=KZXZR4F?XD%+@0B#WE[K.A M)G3SB];,D*O+ECVS>(?"@
M5XFY++1%?B/^WV$Z0<\;RIGYH3> M7[P(E!@LC>/\C.N[ZO:-#4<I:$7/1EL
MC:0!LV,A!$!I!XOE&^.*RM\AC0)A0@?)7:QH>L?\%1C]866\HT30U([U*Q),
M#\1%#I+FL%>D(.M\4(S/06K47U.,%:NCS;_#ZCB+7T&XF$HGDG&:),'PT%7-
M74Z0,QQ^JZBQ'N]O&FH(]LA1H\=="#WT3C WP-&M%T;,B_'=RS+*5#QQTS&0
MN'+ ;*.C[[UC]I=WE1H2*$Y'G\<$Y[F8P'!N:IE\">>]'E\! ?W&CPK<H?*E
MH!'A^X 5UM9F+5K;L[$48)0R/P[>4E/KII^OJU^$N0^$P;J.QZ@IA+ /&L-U
M M9PJ0D+#O=6[[A*/XPB=!8P7&2^2CS%MP=FM^.^4T;\J@**=>G<'#,?!R
MF7C;9IZUG 7/ZL;B9T\^GUX?'_$G;5/K=,L'N4/AHD*:GI<-E2]1<L?OU3I&
MN?BU,:DY2C.Z6_Y& X:Y+2^*/ )+;[N*<WM5A9IH1^<49UJ<@566IMW1036
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MY957^B *X&.S/_M)$06S/^+ /%C=[,\E_.=^9^Z1V5]O$N#E,[\!.Z;QW.?
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M*)1@7<F8/952=G@XPAKSF=B]P)6S)(YI-+>_"<.N60K3[!L_BADR?=!'N'1
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M\!3O23A]01)!9==.&>MS+V9 6OVUTL')]#[\RJ,"+D],+ C%MQAX><(M;W_
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M6GMX\5GH]<,HS$,1"[_"0N-A$@'\LM]^<72M^U$Y^4\1YLL[F2TL?ID9]KH
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M1YC2L.X,CZ<>[!:MML7[W_ 0F]8!9^?0?DF8D.;*V8*LO77C54T3A;L_P^'
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M8NH[.VAR^WHI)\2TH N%8MN'3Q[HE@.JJB%%XTLGS+G8'E2*QJ>)1K_(8*=
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M1\&_BPSOJE_)\)FC[[UCQ<N4 4C=Y"Y3#NII/@1K:"F8A_PN>!'_^+OYT*D
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M-+-Y(TB;)Q:DJ-EX"*W)HR1?^WO-0];M$\".^%2Q_64K+69#U8BE-6U*5"M
M*RWFS2DY-NB<W=6UEU*1V3]%9CV;63F9:FO\O'GQK>P5M5N-HE25..KJT79-
M,D E?NT:?F&A_^YXG!Y:TGZ@V*YAF68[Q+573_"2N<^;UW?*6ZJA42\S@:!V
M= 8<3I 4.+/HU3)^=^^;S4,0J62O4K)QKD<K/22:1G3#(.;6IBNVVY*7T-T@
M=%WBV"JQ55G#*YGXT_H@5C.;Y"#PINQ 5]6.W32/O42'[:&#UGG ;I3HL#_H
MH#E6QY2-F*2\?U)D1$K[QM&SI76LU5,P)'O?)W30.[I$!XD.98LNL]/=EO+7
M/,DLI?TS\B"D\&\>>>M WDWK!2S187OH +:=1 >)#F7LQ.G(GLN;%_[O<Z\?
M4?@S"&\__<[^PX'=QXL"[N6U\FTC+[T)XT,.R@\V'*CX!4/C^$]Q-(=(%Q_,
MSDP"_+^++ \']_RG, YHG'\X=!GAO2BF61W'>@C9=/77C^.$EXY_8#7FX2W]
MB/LX-#H:/CZ+/UY&\0UO/AUH[Y021*]+(3I2R"4=IS0#V&7*S3J]K^ 6,7 9
M?AB%L1<I \\/(]@ZK FNGN9>=-\1W4UIH-R%^1!^WNP6V0L_A/#IT%]CT[SA
MZF1B]!;ACR O4H0URU5BS0FR'/X8L3-AQS""(QK2.,/1B]BDIJ-(FEI-4Y.N
M/5LX4J5&4Y->0NPHIQH-#9)4B9.<LKMH>(LLE/]Z-PS]X<S==T!_"KSW-DR*
M++IG;TZ!P"2I;934UJ0T8YK2C+VA-&,SE.:N1VE;Q*9&4]WCQOCN'%&N*_\>
M097S)/@8Y76#'WKN>];YAC@1TV6OGV<%=V&0#X5)57].[%Z=/.+UX1B+?/Z1
MI<NH_Q=?'0;_?!.J;E=7N[YA>*9A.K;6MS33'OB:9^O4437U?TWU3?G0,)V
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MVL^5I?K++F?_:@;1Y8S#S5A%CJ[I'^6$P];RBZ_K-%%O:R^0 X-H1H/4HE8
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M!;?P1J+5ZT^R*RTW2DQOVFB:J3\=_ )02P,$%     @ :$"D5@>1!B;]!P
M"SD  !0   !R8VPM,C R,S U,#1?9&5F+GAM;-U;VW+;.!)]SU=HM:\+"S?B
MDHHSE762+==D)JG$4YG:%Q4N#9L5BG21=&S__39E*[Z(CC,&,UNE%THB(?3!
M.<U&HPF^^.5B5<V^0MN53;T_9WMT/H,Z-+&LC_?G?QR])6;^R\MGSU[\@Y _
M__WQW>QU$\Y64/>S@Q9<#W%V7O8GL\\1NB^SU#:KV>>F_5)^=82\7/_IH#F]
M;,OCDW[&*1?WK[;/M3%!",F)]@4C4E!#+/B"J"(Y(8*)7MA_'3]W-FD10B#*
M<6Q6"$<\YXX4BD5:V*AX@G6G55E_>3X<O.M@AH.KN_7/_?E)WY\^7RS.S\_W
M+GQ;[37M\8)3*A:;UO/KYA=;[<_%NC6SUB[65[\U[<JQAM@M6_SYV[M/X016
MCI1UU[LZW!A \['_]L?;:(K%U45LVI7/N_7_WS7!]6MY'AW"[,$6PR^R:4:&
M4X1Q(MC>11?G+Y_-9E?,N3:T304?(<VNO_[Q\7 ;:5GWBUBN%M=M%JZJ$/&Z
MA_[R%/;G7;DZK6!S[J2%]"#ZS9 '4,4 YY]#;XML3"<(I UG'@B>A7IP\ DQ
MCO6>C_E;7R1"<F=5/R'B[;XGQ=NL7#DEP5M=3X!VW1%9P<I#.R74._W>PKD!
M>1_AT&7;7+HJN+;T'ER]%YK58@UR$V!='=_4?=E?'M:I:5?K"+"Y]CCV-E1D
M"+BTH'*-\8>ZO04=?:2LR^'J._QYW?< \"<- BYZJ"/$^:R,^_/2,N.]$TBQ
MCC)@W%5.6^.*I 0S3HGE#UD8AK,94-6$.P:K(:HVW]R@<AZJ]=EEA/);][=Z
M11[@L(=5MU2:<NV")<PQ1R1P0UR0B8BH+!>L8-Z;;5?J-J[90=@[;KXNT [Z
M$^?#ET$L?N5,CUB_$NEIH_H$X:Q%KACW1V5?P3)RS@USE'CI-,Z^7A+GK"%1
M!YQ7.4[)QF:-Y+[%N^AOG.Q5NQG']<WZQ+MY2$%^@HI],Q&)5RKA$.:SIHW0
M[L]ICJ!#:E!].&EJ^/ULH&$)EA6!VX)(S)@P3S*:.&D,,<)Z"GB7"LVS!+UO
M<0<$S2)Q6U"6(^A5+/L(QV77MZ[N?W<K6 ;!G%"1$T63(C) 0BC2$\R0H_4^
M*@R46:*.6=T!8;/)W!:7YXB[&>01MET:;BPP$0A3$-#3N"(>HPBAED:F X_>
MI$DFD<':#HCY9/*V1113B/@!VK+!W".^QF7P,OH8>8&^Q((#]*H8B4_H7S%X
MAI%$>R?S;M%1LSLDZ]/IW-97YD?@MV6UF0VTEC@0;0DM"O0U*23QS H2>.!)
M%X9[+B>(OC<6=T#5+!*W!2WR!3UR%X<1AUFF\JJ:<@V,JB1U2(9XIP61'/,V
MEQ 8#S9:L-9YJR=0]P'S.R/U%/1NZZ[R=7\58PM=]Z'I>E?]MSP]:"*&%Y&8
M-U(377#,\KCCF+$;3XQ28!)$KZ2:0/0QVSNC>#:QVW+K'+D/!DPMN#4.L 8<
MYXB#8J21RG/B04?"*$@VP+(A+V;?MK8#DCZ9O&T13?X]>UB'ICUMVO7@/O68
M$!PT9W7?7J[A:0[4QR(2FZ0E,H$B%A+ZF-!,4AZ8+$8*>7_YYOTNB!V0?&JJ
MMSW!3A:]KS^&0;.E"X("C98H-CPQHE 0%X%B;BBB<87&E#%,%[QOF]X9U7-I
M'2EZ9)6Q[J :8M'[]J@YKY>8.N#2+E!"3<3L03E<YNE"$"$E,"5 ,3OA/'UC
M>->$?B*E(S)/4-RZQK0.-N_;#VWSM:P#+&FBVCD $JS"U$%AUF +JXFW5!D(
M "+YZ;2^9WW7!,\A=T3UK*K74>N&W02?+E>^J1")2M$6B42-*84,7A-C R=%
MQ$6]]4K+F"?S'7,[H.O3Z1L1,JOR];DM^Q[J@V:U.JNOEWG=$C-^JB,5I-!:
MX<H^)6*"#L0R6S@1/#=%W@)ZU.P.")M/YXC 6:6O3TU5!J2Q/OX-PT=;NFJI
MI374!4_24+R1S&,N*((CD0Z5<R] JKPJ];;-'9 VD\@17;,J8!]:&+P,<"98
M5]"'!^WM^Y2@70I.C6.%)'C$K$]%AQ,#'CP>) \I\)"73#]L>P=TGHC8$;VS
M*E_W8!UVW1FTM\$5*0A? ((#G88R3<!ODA$1E$^X"G!&Y3VM> S![FF?1_*(
M!V05PZZ2P3<K:(\Q"/VG;<[[$T1[ZNK+)4B<67R!>;_BPP-0CC,,%89 (9 *
M*P28*1+M4>,[H/M4U(Y(GE4ZVVQ+>7,13EQ]#.N'W9K2%&1D!"@'7-0K35Q!
M#?$X=EH@_SSEW>AC5G= Y&PR1]2=H!QV@.-L776(0>;B5[A<VFA-*'!9Q[CV
M&&(4$..E)38PD9RB+-!B@EOYGMD=T#>?SI&M(5DEL%<XQCB,\VWECI=4.6!"
MX+01)"=2!T.L4PH#2<2UNY#)9.XPO&-N!P1].GTC0F85N4:&=^1\!4O.A(F:
MXKS@UZ"X'W)#3:))+"F&.0//>V[QD.4)Y;VUS_]OW!N21>78!KW9U0[NYZ%J
M.HC[\[X]@YN33=W#1?^F6N=U^_,.CF\V1T_F$YM3KR[*;LD<K@!5<D/97>#B
M,#'B**81PAMJ'5-!A[R4[!$ $WK(=]ZZ>-1CGB#N][WER21/O*MS@^/U.CK^
M$)+EO1= LF1_?>L-BFG"_$/OJ3RJ\=,E&9$Z@\^?JW"R*GEG&0F%H42*8?-P
MQ"6!LI0+[@&].&]?_=^A[)TW>OXOPOX5&A\4],7B'BLX,7UY^>SZ]' 87HE[
M^>Q_4$L#!!0    ( &A I%:TJH$% @P  #=O   4    <F-L+3(P,C,P-3 T
M7VQA8BYX;6S575UOVS@6?>^OT&9?=H&R%C]%%6T'W4QG4&RG+=H,.MC!PB I
M,A'&M@)9:9)_OY1L)U8LV:1DJ]H^)(Y-79Y[K',O>7GMOOKI;CX+ONM\F6:+
MUV?P17@6Z(7*DG1Q^?KL]XM? #_[Z<VS9Z_^!L ?__KR(?@Y4S=SO2B"\UR+
M0B?!;5I<!=\2O?PK,'DV#[YE^5_I=P' F^JB\^SZ/D\OKXH A0@_?35_&7&N
M,"8(1))"0'#(0:PE!8P:@;'BB<3Q\\N7(C815DH!)I =1K$ $B$!*(-)2..$
M(:,KH[-T\=?+\H<42QU8YQ;+ZL_79U=%<?UR,KF]O7UQ)_/9BRR_G* PQ)/-
MZ+/U\+N=\;>X&@WC.)Y4KSX,7:9- ZU9./GCMP]?U96>"Y NEH58J'*"9?IR
M63WY(5.BJ#@_B"MH'5'^!3;#0/D4@ A@^.)NF9R]>18$*SKR;*:_:!.4OW__
M\KYURGA2CI@L]&7YSG[6>9HE7PN1%Q^$U#.+OK)6W%_KUV?+='X]TYOGKG)M
MFLW.\KQFM409ER@A*U'^O6VR20_X1\);[&(] KC*W8_'PKB/TX]'@WMAXX,^
M/>"M:7I#7MU0[Q;)4/?NPU2]H9\>\;%NBZP0LP%NB\=IMB#/RB<^V$?K:4I#
M>X)I-<\Z=&]!U7>%7B1Z%2UKIH,T>7UF'TT3G4[?+8JTN#^W>2\7L_?V@KM_
MZ_LI--@HAAF@1".;NQ !$FL#$D6-1K'ADO)I\7!33_4"_/YU,W\UR8$9SCQ\
M*UHTFNME=I.KQ^PVGS6E+)NMROS&)PLQU\MKL;[ PBP7 BOD;U8@@S7*H((9
M6)RO)H\N=2%R=GIZ9B-C)E,U++-R.9#E3[W/U&'O'_6UM, KUY=:O;C,OD_L
MM98"A,H'H'Q0R:K=XF3GS7N;;W"*7!W@>3UBHC*[UKDN0(WR<FWHZ%"1.;[O
M*^KLM&=!EB<ZM^O7!A<:[K^W26+?_.7ZEPTB&DXAX:%1.@(,00Z(I*%=85(&
MM,*:<L09"96?F!MF&:F@UQ"?;QX$)=C@TT+["KN)6%=Q]Z1K&('[,]5!Z'N8
MZ"'V)JL#"WZ/8[NBWS?87_@7N2CWM%_OYS*;3:%"2&EM%QO$IF\B#0%<F@08
M1#@GAA'#C:O8:Y;')O UN&"%SEW.=;H.2[@S"2>6K:/_7B)M]+63,.N6!A-C
MHP/; FP>T#7;_I+.],>;N=3Y-*0AHYP0P*0, 6$8 Z[MVME$0AG$)8%:^B79
M1^-CD]XZ8Y0 @Q5"WVRZ19QK$NU&QS"YTX6)#MERU^4>27++V,"Y<=>-W938
M,,9?E%^S6:K2PNK[-[N[SE,QF\8195HD""28:BM+S@&'800BS"-&B="A$JZR
MW#4_-F$^(@PV$-V5V<#>86WVX^3$ZO2APTN>[5YW$FB#N<$DVN[*MDCWC.J:
M.]\O5)9?9WEU5O"UL&;/LQN[&;X_SQ(]%9@K01.K5B;+PQ-%@8RI 8KC1$<8
M22&07SK=.]_8A+S.*S7,SX,*M:4Y6",/2NB^J7<_[Z[9^&AL#I.@>Q'9(7,[
MT=,CF>^W/W!^=W)V-^6[7=:S$/8Y6Q9B]I_TNKJ[C484"AM+6"+M:D )#"2.
M-$"*(&PX#D44=JJ$U:89:3!Y*/"LP 86;:< TLBL9RFL,U\#U\)<J>I>"FMD
MHG\MK&[VQQ3#&EUKK88UC_:7_WEI,M>BNBU)R(E0*@;V05GZ1@G@(80 8\8A
M,O8EZKS\WS8\-HF?5W>M!>>IZ!I9AS7<E8(3J];1>R^1-KG:298U0X,)L0G^
MMO0:7_<7VZ9GZOW"9/F\RN1E.?M]H>?+*8JY8%PR$-,8 0(Q R(Q#&BF8:QP
MR"+H7(K>-]'8Q/C02+8%-OBSA!M4>/_KKL^]_![6Z[%8.[%^NQ/F)6D7-CI)
M?*_AP23OXMYV"' :WZ$(I]5-;J,+1/(B+69ZBB)-*6("0!TK0#C30$JJ0,(0
M,C+B5,61<PGNB?&Q2;\"%60F@.@?\I_!!JY'$>XI>PXEN!Z<G/J,RI,.OR)<
MB]_=2G!/C0U7@&MQHU9^:QMSE(R]>>KM7;J<"KL+3A!, -70JC66,>!21$ 2
M'4.)C(H9[9&TM^<:FWB;TM#SQ[;P/TO,_7)WC>E.Z;LK?S\@@[M3US>+-Y%R
MK$1>L_TC<WF3DP?2>>,E_B'CK;61E'9^F8G+:0A#8V(M0,0C DCYR84XBC4@
M!$.8Q$8@[5Q#JUD>6SAX !>4Z-QU7Z?KL,H[DW!B33OZ[R7>1E\[2;5N:3!A
M-CJP+</F =V7T>_NU)5]5_1'^TY-$\$C#%$(>*2$3<X& \%P"(Q26"<8*D02
MWZ7T]@1CD^ &8[ !&90H_5?3-1+=5]1=J3FQ,#U9Z;2H;G*]U\*Z9G#PQ763
M.TT+[,9Q78^@ONC+=%GD8E%4]UTLD5#,)DX9&P9("*UX0Q0!*GE$&0UE@HG?
MX5-]@K&)=WV6\@C24[R-)+J>,W6G9I@3)E=6.APL-;O>XTCIB<&!#Y.:W=D]
M1FH9UWV'_/#AMY]%H:=*)L+ , %1F&! D*: (Q(#EB"[(F8PE-3Y0Q2-,XQ-
MO@^;MQ7*P,(,2IS^&^ ZD>[;WL[T#+79=66FT_ZVT?M>N]JZQ<'WLHT.->U@
MFP=VS<(7XNY]8JVF)EU]+GW==VPWL=B$E *B36(%+140.B$@-!1K$B$.$?1+
MQRTSC4W8ZPQDT09UN!U[N=L(=DW51Z!MF)SMSUB'['V C1YIO,WRP/G\@(.[
MB?W0!?Z!X7.NS[.Y#35*5Q6SY?)&YQ?EIZ7S3\;86U<(:$0<Q@!!8O?9&AH@
M&91 0Q9+%8;:_G.-#8<F&UMXL'B!V@(<K! '*\A!A=D]1!RD^G"4.":!)PX4
MO;CS"A:NI'2*%P>-#Q8R7-W<CAK.U_1L+2U;:#[E%]GM8LH5%9&RH2(VW,8+
M(@S@,I1V:X]C$2>28=^M_<X<8PL33SLEJQZLS-[J%FO'CM(M0EW7#KUH&F;5
MX,=0]T;270[Z=Y%NV?PQ+:2[3K7VCS8,]1=X^=U5L\]7V6+SZ40).<8Q,T#@
M. 0D*H_#F?V3PD1H*:(H4L[-*T^-CTW2%;Z@ NB]%=@A[K""^]!Q8NEZ,.$E
MV#:7.REUQ]A@$FUS8UN;K6.Z%^1^SN8B74R5B$0$DQ@(+K1=G',K3FH4(&$8
M2DEBB(US3W?=]-@$^=@_L<+7H?EDS9E[T<V?B:&J;0=)Z%1FJ_O;J[ZV-C5X
M8:WN0E-%[<D(?PE^R].BT(MR77VS6&_#EU.&"!620R!#' -"8PD$408807@<
M(QB%BKDJL7&&L0ER#3*HHW1793.-A\79FYP3:]23%R^A[O6]DUZ;+0XFV[T.
M;:MW_\#N>?3"7CIE+"80)QA@57X[+3(0",05T"'7$=4"2^I<XMHV/#;)/J2/
M$IQ__JRX<L^>O@P,E3OW.M\I;VY[VBMK5H8&SYG;\)LR9NWUHW197P@YTU-A
M*%(\"8%BD@""!0&Q401$1".64!CI!/=HKZXF&:T$:Q_OJ:#V:Z=>4>JNSCY$
M#:54'X[Z]DW72#A6P_3*Z(_LE*ZY=:!%NCZV:T7XW5SGE^GB\M<\NRVN;,*^
M%HO[J8HT-@3%=CT<AG9[JAD0AE, &4DD16&$A?/R>,\\8Y/[NNZYP1JLP 9K
MM+ZUX69J7>O#O0D;ID;LRU6'*O%>)GI4BIOM#EPMWNO<;L5X__">QT+5-YE\
MRC_GV??4PI\FV(2<0000%-QF?(;L=EDQ8"+&$;4_,77^%/2^B48:!AZ./QZ^
M<V<#N.,IT5-^/8^*>K V\'F1.V'=#XU:V.A_<O34\(\Y/FIQK_4,J6U\[Q:3
M[8X':C?>5+ (V'5_#(@Q'/"(*1#%'%(L3!@IY\:S]FG&%@YV6B..TD_2JY/D
M_Z2'Y.3-(R=J&QE#PXA?JTC_)I%<S:;GV7>=7XM+_>*M+!O253'5(N*2Q1&0
M3.#R2[D9D%0*P#B6D'&F8^2TZV\V/S:I5PB#"F+PYP:DXTZ_A<#]VNY/RXDU
M?0)&DO5>MMK%GI"9VCRC8<@YW.TG8!7F[)@RD.&0AJ0*9BT7#1+$]@/>!*\#
MH]J"UC:?'^RC-\\VSZ2K_VGMS;/_ 5!+ P04    " !H0*16S4FG,XT'   &
M.P  %    ')C;"TR,#(S,#4P-%]P<F4N>&ULU9O;<MLX$H;O\Q1:[^W"PHDX
MI)),99W,EFLSDU3BJ4SMC0J'ALT*1;H@.K;??INT-;$3)^&:W))X(]L4Q$;_
M^-3H;L+/?KE:5XO/D#=E4S\_8(?T8 %U:&)9GSX_^./D5V(.?GGQY,FSOQ'R
MYS_?OUF\:L+%&NIV<93!M1 7EV5[MO@88?-ID7*S7GQL\J?RLR/D1?^AH^;\
M.I>G9^V"4RZ^?C<_U<8$(20GVA>,2$$-L> +HHKDA @F>F'_<?K4V:1%"($H
MQW%8(1SQG#M2*!9I8:/B"?J;5F7]Z6GWXMT&%NA<O>G_?'YPUK;G3Y?+R\O+
MPRN?J\,FGRXYI6*Y'7UP._SJF_&7HA_-K+7+_MV_AF[*AP;B;=GRS]_>? AG
ML':DK#>MJT-G8%,^W?07WS3!M;WF/YW7XKLCNK_(=ACI+A'&B6"'5YMX\.+)
M8G$C1VXJ> ]IT?W\X_WQ/9.YN795<+GT'EQ]&)KULANVW*ZSJ^/KNBW;Z^,Z
M-7G=SWG['OK3W[^]/H?G!YMR?5[!]MI9AO3\((>*=.M."RJ[2?U]T&V77Z9^
MGF'3#>_>?X,7;N_>3?'_Y 9<M5!'N-%O.XVJ"?<&5=WJ-7G[R<IYJ/JK*_1X
M==3@%^K<G<+A2[]ILPOMRG+A"VXCHFL2D0Q7RM'"$+!2>Y54@!A^(MW#=[X1
MZW^?9X1RM17@CB8GSE>PXDR8J*DBTN,W4VKNB7%,DV@22XJE!/RKA>Z68H-K
MT?.Y@7!XVGQ>H@WDE//NE\X7WOOQ(\OWO;F[^"]S6#0Y0L8@M37M<O@&A/M?
MD-L1RW.7\48DG)55W'ZZBU:3K5G;3"SKS?KA_ \6*$."G"&^N5F^[WK;N]IB
M+(=^Y,1H;"^]O"HW*^:2%RHY(BD(U":Q3AM%A#?4.J:"#GYJ0NY.8#>@3+>Z
M/\;ET5+O"36OFK4KZU6R*GEG&0F%H;BW&T-,Y(HHBW&->T!-["20W-C;*R8>
MOX0/H/$(/?>$A#N*X/8-QRVL-RNE*=<N6,(<0TV &^*"3$1$A3&7%<Q[,W7P
M^,OZ($KX7"/'XT3>,2P?(%QDS,T8]R=EBX)$SKEACA(OG4;0O23.64.B#ICN
M<ZP4S+C \;7%O0H=CUS#9B)!=PQ#5QA5[\Z:&GZ_6'O(*["L"-P61&(1V.5B
MFCC9A3YA/07,]X7FHV#XVN)>18CQ,(P2=,<PW-1L[^&T['+RNOW=K6$5!'-"
M14X431@S R2<NO0D.1&M]U$Y,0Z(AZP.@D+,!HK1PNY)?G&"8U>&&PM,!,(4
M!*0:4R*/T8Y02R/3@4=OTB3Y1&=M$ AR-B \6L@] > =Y+*)K^OXRK6XS_D8
M>8'<LN  "8Z1^(0LQ^ 91CSMG1P7&AXT.PB)8G9(/%[:O=@U?BVK[8ZGM43'
MM26T*)!K*23QS H2>.!)%X9[+B?8,;Y8'$2$F@T1HP3="QA.W-5Q1%G*5-[T
MW6\=H2I)'9(AWFFLS#GFQ"ZA(SS8:,%:YZV>@(SOF!^$B9X9)E-(O1?,O(P1
M5V3SKMFTKOI/>7[41 R#(C%OI":ZX)A!<\>QDC)8L"L%)D'T2JH)@'G(]B!:
MS,QH&2WRCE$YZGS(X/IY@S7@.,=Y4XR(4GE./.A(& 7).C=L&+?/W+4V" <[
M&QP>+>1>Q(KC.C3YO,F]&!]P&>"HN:C;?-V[HSE0'XM(;)*6R 2*6$C(L]!,
M4AZ8+,8]3QLPB6$M+CH;7J;6?2\PNHV&MS\ZD=C*!4&!1DL4ZTY(4"B(BT Q
M\1;1N$)C/AZFVW'NFAZ&S'S:HM-HO$^@=$'S;3YI+NL5YE98KP=*J(F87BF'
MM;LN!!%2 E,"%+,3)B9?# ^#9#[MTBGTW2=$^J#X-K_+S>>R#K"BB6KG $BP
M"G,KA6F5+:PFWE)E( "(-.[)_8^L#X-E;FW4"93>,3$GV74G_CY<KWU3X<15
MBK9()&K,N63PFA@;."FB]LYZI64<A\@]<\.8F$]']?%:[AB"C[EL6ZB/FO7Z
MHKZMW3<K+,6HCE200FM%I$R)F* #L<P63@3/33&N0_*@V6%0S*>G.E[;73^C
M;ZHRE"V"_1M&N5RZ:J6E-=0%3U+7"93,8YXM@B.1=H^.O "IQCUV^=;F,"SF
MTU@=J>J.F7B7H0,:<+/K'R%UYV;SVX3S6 E.C6.%[ ZR8$*MHL.]#U\\OD@>
M4N!A7-'R?=O#&)E/5W4BE?>+E>/-Y@+R75^*%(0O 'T!G;J>7\#?)",B*)^P
M.'-&C7MT][,9#.-F/OW5217?BXKF]1KR*<;*?^7FLCU#Y\Y=?;T"B9NG+[ <
M4[P[M<!Q$Z7"$"@$*F>% #-%0?.@\6',S*<).Y7.NTY6;L^_O;X*9ZX^A?YT
MBZ8T!1D9 <J!2*HT<04UQ*-4M(B0>!H78!ZR.NPLV7RZKJ.5W8M <H2R9%<=
M8RR\^C=<KVRT)A18J3.N/49"!<1X:8D-3"2G* NTF""$?&5V&!MS:Z^.T7;'
M<+Q$26(GRZ^5.UU1Y8 )@3MCZ$]E!T.L4PKC753&"YG,R%/J]\P-@V$^;=3'
M:SD9!,^6WVB)?GUZ\>3VC>ZE^\?)%T_^"U!+ 0(4 Q0    ( &A I%9]M9'*
MP%H  %]&!0 =              "  0    !A,C R,W$Q96%R;FEN9W-R96QE
M87-E."UK+FAT;5!+ 0(4 Q0    ( &A I%9D5ZH^9Q0  *",   0
M      "  ?M:  !R8VPM,C R,S U,#0N:'1M4$L! A0#%     @ :$"D5E?<
M5@#U @  R D  !               ( !D&\  ')C;"TR,#(S,#4P-"YX<V10
M2P$"% ,4    " !H0*16!Y$&)OT'   +.0  %               @ &S<@
M<F-L+3(P,C,P-3 T7V1E9BYX;6Q02P$"% ,4    " !H0*16M*J!!0(,   W
M;P  %               @ 'B>@  <F-L+3(P,C,P-3 T7VQA8BYX;6Q02P$"
M% ,4    " !H0*16S4FG,XT'   &.P  %               @ $6AP  <F-L
G+3(P,C,P-3 T7W!R92YX;6Q02P4&      8 !@"- 0  U8X

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
