XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total revenues $ 175,605 $ 2,806,631 $ 2,208,355 $ 5,246,398
Cruise operating expenses:        
Total cruise operating expenses 680,420 1,544,504 2,191,239 2,958,208
Marketing, selling and administrative expenses 301,418 376,874 697,308 791,821
Depreciation and amortization expenses 319,757 311,600 644,087 603,885
Impairment and credit losses 156,497 0 1,264,615 0
Operating (Loss) Income (1,282,487) 573,653 (2,588,894) 892,484
Other expense:        
Interest income 5,206 6,342 10,740 16,126
Interest expense, net of interest capitalized (218,889) (111,304) (311,800) (211,719)
Equity investment (loss) income (51,853) 33,045 (62,245) 66,739
Other expense (83,825) (21,781) (116,684) (26,869)
Total other income (expense) (349,361) (93,698) (479,989) (155,723)
Net (Loss) Income (1,631,848) 479,955 (3,068,883) 736,761
Less: Net Income attributable to noncontrolling interest 7,444 7,125 14,888 14,250
Net (Loss) Income attributable to Royal Caribbean Cruises Ltd. $ (1,639,292) $ 472,830 $ (3,083,771) $ 722,511
(Loss) Earnings per Share:        
Basic (in dollars per share) $ (7.83) $ 2.26 $ (14.74) $ 3.45
Diluted (in dollars per share) $ (7.83) $ 2.25 $ (14.74) $ 3.44
Weighted-Average Shares Outstanding:        
Basic (in shares) 209,385 209,531 209,241 209,427
Diluted (in shares) 209,385 210,052 209,241 209,962
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 26,337 $ 7,263 $ 36,627 $ 7,827
Change in defined benefit plans (6,278) (9,722) (13,867) (10,375)
Gain (loss) on cash flow derivative hedges 124,331 (71,734) (176,274) (22,891)
Total other comprehensive income (loss) 144,390 (74,193) (153,514) (25,439)
Comprehensive (Loss) Income (1,487,458) 405,762 (3,222,397) 711,322
Less: Comprehensive Income attributable to noncontrolling interest 7,444 7,125 14,888 14,250
Comprehensive (Loss) Income attributable to Royal Caribbean Cruises Ltd. (1,494,902) 398,637 (3,237,285) 697,072
Passenger ticket revenues        
Total revenues 107,022 2,017,836 1,483,873 3,727,820
Onboard and other revenues        
Total revenues 68,583 788,795 724,482 1,518,578
Cruise operating expenses:        
Total cruise operating expenses 21,579 174,429 145,297 309,599
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 28,824 426,934 345,953 790,089
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 243,877 265,569 574,267 535,101
Food        
Cruise operating expenses:        
Total cruise operating expenses 27,483 146,847 148,799 286,381
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 79,192 181,924 273,460 342,095
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 279,465 $ 348,801 $ 703,463 $ 694,943