2018 Q4 Form 10-K Financial Statement

#000088488719000017 Filed on February 22, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $2.332B $2.796B $2.338B
YoY Change 16.36% 8.82% 6.48%
Cost Of Revenue $1.360B $1.411B $1.314B
YoY Change 18.74% 7.06% 4.59%
Gross Profit $971.9M $1.385B $1.023B
YoY Change 13.17% 10.67% 9.03%
Gross Profit Margin 41.67% 49.53% 43.77%
Selling, General & Admin $327.7M $325.2M $312.9M
YoY Change 5.34% 18.83% 10.24%
% of Gross Profit 33.72% 23.48% 30.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $280.2M $259.9M $253.4M
YoY Change 16.56% 8.25% 7.83%
% of Gross Profit 28.83% 18.77% 24.77%
Operating Expenses $607.9M $325.2M $312.9M
YoY Change 10.25% 18.83% 10.24%
Operating Profit $364.0M $799.7M $456.9M
YoY Change 18.44% 8.44% 8.86%
Interest Expense -$68.50M $86.51M $81.86M
YoY Change 362.84% 18.13% 6.83%
% of Operating Profit -18.82% 10.82% 17.92%
Other Income/Expense, Net $24.90M $10.66M $9.400M
YoY Change -641.3% -30.58% -118.74%
Pretax Income $320.5M $810.4M $466.3M
YoY Change 11.28% 7.65% 26.2%
Income Tax
% Of Pretax Income
Net Earnings $315.7M $810.4M $466.3M
YoY Change 9.6% 7.64% 26.19%
Net Earnings / Revenue 13.54% 28.98% 19.95%
Basic Earnings Per Share $1.51 $3.88 $2.20
Diluted Earnings Per Share $1.50 $3.86 $2.19
COMMON SHARES
Basic Shares Outstanding 209.0M shares 209.1M shares 211.7M shares
Diluted Shares Outstanding 209.9M shares 212.5M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.0M $255.0M $109.0M
YoY Change 140.0% 82.14% -16.15%
Cash & Equivalents $287.9M $254.8M $109.0M
Short-Term Investments
Other Short-Term Assets $477.0M $567.0M $513.0M
YoY Change 33.61% 124.11% 94.32%
Inventory $153.6M $152.2M $121.9M
Prepaid Expenses
Receivables $325.0M $385.0M $356.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.242B $1.359B $1.100B
YoY Change 36.84% 70.27% 43.28%
LONG-TERM ASSETS
Property, Plant & Equipment $23.47B $22.60B $21.43B
YoY Change 18.91% 14.78% 8.24%
Goodwill $1.378B $1.375B $288.4M
YoY Change 377.75% 376.55% -0.02%
Intangibles $502.1M
YoY Change
Long-Term Investments $578.0M $551.0M $537.0M
YoY Change -7.52% -5.49% 0.19%
Other Assets $1.612B $1.760B $1.239B
YoY Change 12.74% 32.96% 5.94%
Total Long-Term Assets $26.46B $25.73B $22.96B
YoY Change 23.32% 20.81% 8.0%
TOTAL ASSETS
Total Short-Term Assets $1.242B $1.359B $1.100B
Total Long-Term Assets $26.46B $25.73B $22.96B
Total Assets $27.70B $27.09B $24.06B
YoY Change 23.87% 22.6% 9.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $488.2M $432.1M $418.6M
YoY Change 35.57% 12.37% 11.18%
Accrued Expenses $899.8M $859.9M $751.6M
YoY Change -0.36% 14.9% 14.66%
Deferred Revenue $3.149B $3.112B $3.049B
YoY Change 36.41%
Short-Term Debt $775.0M $999.0M $0.00
YoY Change
Long-Term Debt Due $1.609B $1.450B $1.098B
YoY Change 43.92% 0.21% -25.56%
Total Short-Term Liabilities $7.112B $7.073B $5.502B
YoY Change 46.5% 39.86% 4.09%
LONG-TERM LIABILITIES
Long-Term Debt $8.073B $7.396B $7.122B
YoY Change 31.78% 26.19% 15.02%
Other Long-Term Liabilities $583.3M $497.7M $439.5M
YoY Change 28.81% -6.13% -23.69%
Total Long-Term Liabilities $583.3M $497.7M $439.5M
YoY Change 28.81% -6.13% -23.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.112B $7.073B $5.502B
Total Long-Term Liabilities $583.3M $497.7M $439.5M
Total Liabilities $16.05B $15.22B $5.942B
YoY Change 37.67% 172.36% 1.36%
SHAREHOLDERS EQUITY
Retained Earnings $10.26B $10.09B $9.430B
YoY Change 13.75% 13.9% 14.47%
Common Stock $3.423B $3.428B $3.400B
YoY Change 0.91% 1.48% 1.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.953B $1.953B $1.791B
YoY Change 41.72% 52.81% 55.28%
Treasury Stock Shares 26.83M shares 26.83M shares 25.29M shares
Shareholders Equity $11.11B $11.34B $10.77B
YoY Change
Total Liabilities & Shareholders Equity $27.70B $27.09B $24.06B
YoY Change 23.87% 22.6% 9.23%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $315.7M $810.4M $466.3M
YoY Change 9.6% 7.64% 26.19%
Depreciation, Depletion And Amortization $280.2M $259.9M $253.4M
YoY Change 16.56% 8.25% 7.83%
Cash From Operating Activities $732.1M $815.4M $1.007B
YoY Change 74.31% 2.53% 16.77%
INVESTING ACTIVITIES
Capital Expenditures -$1.151B -$296.2M -$492.7M
YoY Change 550.96% 155.79% 231.34%
Acquisitions
YoY Change
Other Investing Activities $20.40M -$921.4M -$3.200M
YoY Change -50.49% -3161.13% -109.76%
Cash From Investing Activities -$1.131B -$1.218B -$495.9M
YoY Change 733.78% 1320.77% 327.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 432.3M 551.8M -497.9M
YoY Change -241.23% -178.81% -31.33%
NET CHANGE
Cash From Operating Activities 732.1M 815.4M 1.007B
Cash From Investing Activities -1.131B -1.218B -495.9M
Cash From Financing Activities 432.3M 551.8M -497.9M
Net Change In Cash 33.80M 149.6M 13.70M
YoY Change -255.76% 1491.49% -37.16%
FREE CASH FLOW
Cash From Operating Activities $732.1M $815.4M $1.007B
Capital Expenditures -$1.151B -$296.2M -$492.7M
Free Cash Flow $1.883B $1.112B $1.500B
YoY Change 215.52% 22.01% 48.31%

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16700000 USD
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17400000 USD
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18900000 USD
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894915000 USD
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0 USD
CY2018Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
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0 USD
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0 USD
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1.00
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1.03
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2.20
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1.51
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8.60
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5.93
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0.99
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1.71
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3.49
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1.34
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7.53
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1.02
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2.19
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3.86
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1.50
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8.56
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0 USD
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0 USD
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2217909000 USD
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212800000 USD
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5600000 USD
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6251000 USD
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13959000 USD
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8179000 USD
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12995000 USD
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39800000 USD
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57600000 USD
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0 USD
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30902000 USD
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0 USD
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0 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
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Goodwill
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Goodwill
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126000 USD
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0 USD
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0 USD
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GoodwillImpairmentLoss
0 USD
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128350000 USD
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156247000 USD
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210756000 USD
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29564000 USD
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36780000 USD
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91737000 USD
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188632000 USD
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274705000 USD
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7841000 USD
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1303000 USD
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18773000 USD
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1679000 USD
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23849000 USD
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4291000 USD
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34215000 USD
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32043000 USD
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923000 shares
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1077000 shares
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20856000 USD
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30101000 USD
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32800000 USD
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24200000 USD
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22360926000 USD
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1188514000 USD
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1646841000 USD
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3557416000 USD
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2422329000 USD
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1681978000 USD
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0.574
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2516690000 USD
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218653000 USD
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315703000 USD
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456895000 USD
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4750000 USD
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0.04
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0.04
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9200000 USD
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213042000 USD
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20409000 USD
CY2018Q4 us-gaap Notes Receivable Gross
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0 USD
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1477205000 USD
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OperatingIncomeLoss
279522000 USD
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OperatingIncomeLoss
419697000 USD
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OperatingIncomeLoss
737488000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
307349000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
1744056000 USD
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
274146000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
364027000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
1894801000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
677316000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
67682000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
52522000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
52759000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
56142000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
64237000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
383974000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29000000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29300000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32200000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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1429597000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
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1611710000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
73558000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
392417000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-306089000 USD
CY2016 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
411223000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
570495000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-286861000 USD
CY2016 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
411223000 USD
CY2017 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
570495000 USD
CY2018 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
-286861000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1636000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
5583000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-35653000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5289000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11107000 USD
CY2016 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
323839000 USD
CY2017 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
0 USD
CY2018 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
98074000 USD
CY2016 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
46385000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5415000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1731000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2362000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
17307000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14251000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
411949000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
582219000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-293469000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-7643000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
452813000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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583254000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
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-35653000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
299960000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
224998000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
575039000 USD
CY2016 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
88241000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
51590000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
81959000 USD
CY2016 us-gaap Payments Of Dividends
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346487000 USD
CY2017 us-gaap Payments Of Dividends
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437455000 USD
CY2018 us-gaap Payments Of Dividends
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527494000 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
916135000 USD
CY2016 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
9155000 USD
CY2017 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
10396000 USD
CY2018 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
27172000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2494363000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
564138000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3660028000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017 us-gaap Proceeds From Derivative Instrument Investing Activities
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63224000 USD
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
258171000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
456547000 USD
CY2016 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
38213000 USD
CY2017 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
62303000 USD
CY2018 us-gaap Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
124238000 USD
CY2016 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
110637000 USD
CY2018 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
76529000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
26000000 USD
CY2016 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
13215000 USD
CY2016 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
0 USD
CY2017 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
0 USD
CY2018 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
4730286000 USD
CY2016 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
7338560000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5866966000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
8590740000 USD
CY2016 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3249000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3843000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-13764000 USD
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
230000000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2258000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2525000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4264000 USD
CY2016 us-gaap Profit Loss
ProfitLoss
1283388000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
1625133000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
1815792000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
27780096000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32435111000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19735180000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23466163000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
762512000 USD
CY2018Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1120988000 USD
CY2017Q4 us-gaap Receivables Net Current
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318641000 USD
CY2018Q4 us-gaap Receivables Net Current
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324507000 USD
CY2016 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-338391000 USD
CY2017 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-189802000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-12620000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
542020000 USD
CY2016 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
12795000 USD
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
65.48
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
93.15
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
97.50
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
36.14
CY2017 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
15176000 USD
CY2018 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
11531000 USD
CY2016 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
30517000 USD
CY2017 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
53532000 USD
CY2018 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
54705000 USD
CY2016 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
0 USD
CY2017 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
0 USD
CY2018 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
3965450000 USD
CY2016 us-gaap Repayments Of Long Term Debt
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6365570000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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7835087000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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6963511000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9022405000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10263282000 USD
CY2016 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8496401000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8777845000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9493849000 USD
CY2017Q1 us-gaap Revenues
Revenues
2008560000 USD
CY2017Q2 us-gaap Revenues
Revenues
2195274000 USD
CY2017Q3 us-gaap Revenues
Revenues
2569544000 USD
CY2017Q4 us-gaap Revenues
Revenues
2004467000 USD
CY2018Q1 us-gaap Revenues
Revenues
2027756000 USD
CY2018Q2 us-gaap Revenues
Revenues
2337605000 USD
CY2018Q3 us-gaap Revenues
Revenues
2796187000 USD
CY2018Q4 us-gaap Revenues
Revenues
2332301000 USD
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1108742000 USD
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1186016000 USD
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1303144000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
32659000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
69459000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
46061000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
153093 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
29.06
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2300000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4500000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
11100000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1654 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
24053000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10399000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
272724 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153093 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.15
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.06
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
10399000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
153093 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
29.06
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
32.49
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10399000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y2M23D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y4M28D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y2M23D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y2M23D
CY2016 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
42347 shares
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
51989 shares
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
74100 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
117977 shares
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000 USD
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P12M
CY2018Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
8063039000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
9121412000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
10702303000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
11105461000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
21861308 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
26830765 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1378306000 USD
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1953345000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
500000000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
299960000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
224998000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
575039000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
167153000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
206739000 USD
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
216316000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
215694000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
211554000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
215393000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
214617000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
210570000 shares
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Change in Accounting Principle - Stock-based Compensation</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">In January 2018, we elected to change our accounting policy for recognizing stock-based compensation expense from the graded attribution method to the straight-line attribution method for time-based stock awards. The adoption of the straight-line attribution method for time-based stock awards represents a change in accounting principle which we believe to be preferable because it is the predominant method used in our industry. A change in accounting principle requires retrospective application, if material. The impact of the adoption of the straight-line attribution method to our time-based awards was immaterial to prior periods and to our year ended December 31, 2018. As a result, we have accounted for this change in accounting principle in our consolidated results for the year ended December 31, 2018. The effect of this change was an increase to </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Net Income attributable to Royal Caribbean Cruises Ltd.</font><font style="font-family:inherit;font-size:11pt;"> of </font><font style="font-family:inherit;font-size:11pt;">$9.2 million</font><font style="font-family:inherit;font-size:11pt;">, or </font><font style="font-family:inherit;font-size:11pt;">$0.04</font><font style="font-family:inherit;font-size:11pt;"> per share for each of basic and diluted earnings per share, for year ended December 31, 2018, which is reported within </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Marketing, selling and administrative expenses</font><font style="font-family:inherit;font-size:11pt;"> in our consolidated statements of comprehensive income (loss).</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">For the year ended December 31, 2018, we separately presented</font><font style="font-family:inherit;font-size:11pt;font-style:italic;"> Cash received on settlement of derivative financial instruments</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Cash paid on settlement of derivative financial instruments</font><font style="font-family:inherit;font-size:11pt;"> in our consolidated statements of cash flows. As a result, prior years amounts were reclassified within </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Investing Activities</font><font style="font-family:inherit;font-size:11pt;"> to conform to current year presentation. Additionally, we have reclassified prepaid commissions of </font><font style="font-family:inherit;font-size:11pt;">$64.6 million</font><font style="font-family:inherit;font-size:11pt;"> from </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Customer deposits </font><font style="font-family:inherit;font-size:11pt;">to</font><font style="font-family:inherit;font-size:11pt;font-style:italic;"> Prepaid expenses and Other assets </font><font style="font-family:inherit;font-size:11pt;">in our consolidated balance sheet as of December 31, 2017 to conform with current year presentation. Refer to the </font><font style="font-family:inherit;font-size:11pt;font-style:italic;">Adoption of Accounting Pronouncements </font><font style="font-family:inherit;font-size:11pt;">presented above for further information on this reclassification</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">. </font></div></div>

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