XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenues $ 4,886 $ 4,160 $ 12,724 $ 10,569
Cruise operating expenses:        
Total cruise operating expenses 2,391 2,137 6,600 5,885
Marketing, selling and administrative expenses 451 393 1,452 1,289
Depreciation and amortization expenses 410 365 1,190 1,087
Operating Income 1,634 1,265 3,482 2,308
Other income (expense):        
Interest income 4 7 13 32
Interest expense, net of interest capitalized (603) (340) (1,324) (1,055)
Equity investment income 106 87 203 149
Other expense (26) (8) (37) (9)
Total other income (expense) (519) (254) (1,145) (883)
Net Income 1,115 1,011 2,337 1,425
Less: Net Income attributable to noncontrolling interest 4 2 12 5
Net Income attributable to Royal Caribbean Cruises Ltd. $ 1,111 $ 1,009 $ 2,325 $ 1,420
Earnings per Share:        
Basic (in dollars per share) $ 4.22 $ 3.94 $ 8.98 $ 5.55
Diluted (in dollars per share) $ 4.21 $ 3.65 $ 8.91 $ 5.24
Weighted-Average Shares Outstanding:        
Basic (in shares) 263 256 259 256
Diluted (in shares) 264 282 280 284
Comprehensive Income (Loss)        
Net Income $ 1,115 $ 1,011 $ 2,337 $ 1,425
Other comprehensive income (loss):        
Foreign currency translation adjustments (10) 11 0 2
Change in defined benefit plans 6 5 3 4
(Loss) gain on cash flow derivative hedges (95) 20 (82) (7)
Total other comprehensive (loss) income (99) 36 (79) (1)
Comprehensive Income 1,016 1,047 2,258 1,424
Less: Comprehensive Income attributable to noncontrolling interest 4 2 12 5
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 1,012 1,045 2,246 1,419
Passenger ticket revenues        
Total revenues 3,471 2,941 8,900 7,282
Onboard and other        
Total revenues 1,415 1,219 3,824 3,287
Cruise operating expenses:        
Total cruise operating expenses 289 261 726 640
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 688 632 1,758 1,551
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 328 294 959 888
Food        
Cruise operating expenses:        
Total cruise operating expenses 251 212 697 614
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 290 272 876 850
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 545 $ 466 $ 1,584 $ 1,342