2018 Q4 Form 8-K Financial Statement

#000088488720000014 Filed on May 13, 2020

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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7745000 USD
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1431000 USD
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CY2017 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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61704000 USD
CY2019 us-gaap Share Based Compensation
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75930000 USD
CY2018 us-gaap Share Based Compensation
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46061000 USD
CY2017 us-gaap Share Based Compensation
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69459000 USD
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230980000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
210756000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
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156247000 USD
CY2019 us-gaap Amortization Of Financing Costs
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31991000 USD
CY2018 us-gaap Amortization Of Financing Costs
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41978000 USD
CY2017 us-gaap Amortization Of Financing Costs
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45943000 USD
CY2019 us-gaap Amortization Of Debt Discount Premium
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31263000 USD
CY2018 us-gaap Amortization Of Debt Discount Premium
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10652000 USD
CY2017 us-gaap Amortization Of Debt Discount Premium
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0 USD
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
18400000 USD
CY2018 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2017 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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30902000 USD
CY2019 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
CY2018 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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13680000 USD
CY2017 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
CY2019 rcl Recognition Of Deferred Gain On Disposition Of Property Plant And Equipment
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0 USD
CY2018 rcl Recognition Of Deferred Gain On Disposition Of Property Plant And Equipment
RecognitionOfDeferredGainOnDispositionOfPropertyPlantAndEquipment
21794000 USD
CY2017 rcl Recognition Of Deferred Gain On Disposition Of Property Plant And Equipment
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0 USD
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9898000 USD
CY2018 us-gaap Increase Decrease In Receivables
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9573000 USD
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32043000 USD
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8533000 USD
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1297000 USD
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23849000 USD
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-2424000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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71770000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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75281000 USD
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91737000 USD
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36780000 USD
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18773000 USD
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1303000 USD
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96490000 USD
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42937000 USD
CY2017 us-gaap Increase Decrease In Other Operating Liabilities
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34215000 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
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280139000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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385990000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
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274705000 USD
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1731000 USD
CY2019 us-gaap Cash Dividends Paid To Parent Company By Unconsolidated Subsidiaries
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150177000 USD
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243101000 USD
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109677000 USD
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17960000 USD
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3479139000 USD
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3024663000 USD
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98074000 USD
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0 USD
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25569000 USD
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27172000 USD
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10396000 USD
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32870000 USD
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124238000 USD
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62303000 USD
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0 USD
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0 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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230000000 USD
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0 USD
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13215000 USD
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0 USD
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0 USD
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916135000 USD
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0 USD
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26240540000 USD
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4730286000 USD
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0 USD
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25613111000 USD
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3965450000 USD
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0 USD
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1742000 USD
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4264000 USD
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2525000 USD
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2331000 USD
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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167740000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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287852000 USD
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120112000 USD
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CY2018 us-gaap Interest Paid Net
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252466000 USD
CY2017 us-gaap Interest Paid Net
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0 USD
CY2018 rcl Noncash Or Part Noncash Acquisition Contingent Consideration
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44000000 USD
CY2017 rcl Noncash Or Part Noncash Acquisition Contingent Consideration
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0 USD
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86155000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
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0 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
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0 USD
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0 USD
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570495000 USD
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5583000 USD
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17307000 USD
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224998000 USD
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2.60
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575039000 USD
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11105461000 USD
CY2019 rcl Stock Issued During Period Value Under Employee Related Plans
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2.96
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19535000 USD
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869000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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1878887000 USD
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12163846000 USD
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4 brand
CY2019Q4 rcl Number Of Cruise Ships
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61 ship
CY2019Q4 rcl Number Of Destinations
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1000 destination
CY2019Q4 rcl Liquidity
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1500000000 USD
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243700000 USD
CY2019Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
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1300000000 USD
rcl Increase Decrease In Liquidity
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800000000 USD
CY2019Q4 rcl Contract Agreements Maximum Reserve Requirement
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300000000 USD
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57600000 USD
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CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
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4600000 USD
CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Net Income
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4600000 USD
CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Basic Earnings Per Share
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0.02
CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Diluted Earnings Per Share
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0.02
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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400000 USD
CY2019Q4 us-gaap Fair Value Concentration Of Risk Derivative Financial Instruments Assets
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0 USD
CY2018Q4 us-gaap Fair Value Concentration Of Risk Derivative Financial Instruments Assets
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5600000 USD
CY2019Q4 rcl Number Of Cruise Brands
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4 brand
CY2019 us-gaap Number Of Operating Segments
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1 segment
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32000000.0 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
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494560000 USD
CY2018 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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130100000 USD
CY2018 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
3300000 USD
CY2018 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
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31800000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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10950661000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9493849000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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8777845000 USD
CY2019Q4 us-gaap Contract With Customer Liability
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1700000000 USD
CY2018Q4 us-gaap Contract With Customer Liability
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1900000000 USD
CY2017Q4 us-gaap Contract With Customer Liability
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1400000000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
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55500000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
57800000 USD
CY2017Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
60100000 USD
CY2017Q4 us-gaap Goodwill
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288512000 USD
CY2018 us-gaap Goodwill Acquired During Period
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1090010000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-169000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1378353000 USD
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-5224000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
12518000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1385644000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
156629000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20329000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
136300000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
352275000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
352275000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
508904000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
20329000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
488575000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
156629000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6251000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
150378000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
351725000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
351725000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
508354000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6251000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
502103000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1110962000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
12995000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8179000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
8179000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
8179000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8179000 USD
CY2019Q4 rcl Ships Gross
ShipsGross
28348088000 USD
CY2018Q4 rcl Ships Gross
ShipsGross
27209553000 USD
CY2019Q4 rcl Ships Improvements Gross
ShipsImprovementsGross
3920800000 USD
CY2018Q4 rcl Ships Improvements Gross
ShipsImprovementsGross
2965634000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
817800000 USD
CY2019Q4 rcl Buildings Land And Improvements Gross
BuildingsLandAndImprovementsGross
472067000 USD
CY2018Q4 rcl Buildings Land And Improvements Gross
BuildingsLandAndImprovementsGross
321136000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1698007000 USD
CY2018Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
1120988000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35549924000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32435111000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10083116000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8968948000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25466808000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23466163000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
56500000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
49600000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24200000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
230980000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
210756000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
156247000 USD
CY2019 us-gaap Cash Dividends Paid To Parent Company By Unconsolidated Subsidiaries
CashDividendsPaidToParentCompanyByUnconsolidatedSubsidiaries
150177000 USD
CY2018 us-gaap Cash Dividends Paid To Parent Company By Unconsolidated Subsidiaries
CashDividendsPaidToParentCompanyByUnconsolidatedSubsidiaries
243101000 USD
CY2017 us-gaap Cash Dividends Paid To Parent Company By Unconsolidated Subsidiaries
CashDividendsPaidToParentCompanyByUnconsolidatedSubsidiaries
109677000 USD
CY2019 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
47242000 USD
CY2018 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
54705000 USD
CY2017 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
53532000 USD
CY2019 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4304000 USD
CY2018 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
11531000 USD
CY2017 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
15176000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
1784000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
435152000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
471428000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
4019394000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
3826018000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
4454546000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
4297446000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
1094552000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
1064741000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
2267936000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Liabilities
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentLiabilities
2217909000 USD
CY2019Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
3362488000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
3282650000 USD
CY2018Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
1672000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2354744000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
2255352000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1994014000 USD
CY2019 rcl Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
1875952000 USD
CY2018 rcl Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
1779160000 USD
CY2017 rcl Equity Method Investment Summarized Financial Information Expenses
EquityMethodInvestmentSummarizedFinancialInformationExpenses
1684276000 USD
CY2019 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
478792000 USD
CY2018 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
476192000 USD
CY2017 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
309738000 USD
CY2019Q4 rcl Debt Longtermandshorttermexcludingfinancingcosts
DebtLongtermandshorttermexcludingfinancingcosts
11241483000 USD
CY2018Q4 rcl Debt Longtermandshorttermexcludingfinancingcosts
DebtLongtermandshorttermexcludingfinancingcosts
10984438000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
206607000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
206739000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
723697000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
11034876000 USD
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
10777699000 USD
CY2019Q4 us-gaap Debt Current
DebtCurrent
2620766000 USD
CY2018Q4 us-gaap Debt Current
DebtCurrent
2422329000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8414110000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8355370000 USD
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0399
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0414
CY2018Q2 rcl Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
1200000000 USD
CY2019Q3 rcl Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
2900000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2620766000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
843906000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2479303000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
763382000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3603822000 USD
CY2019Q4 rcl Debt Instrument And Capital Lease Obligations Carrying Amount
DebtInstrumentAndCapitalLeaseObligationsCarryingAmount
11034876000 USD
CY2019Q4 rcl Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
376159000 USD
CY2019Q4 rcl Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
57955000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
318204000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
687555000 USD
CY2019Q4 rcl Lease Right Of Use Asset
LeaseRightOfUseAsset
1005759000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
33561000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
196697000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
230258000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
22044000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8355000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
96976000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
601641000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
698617000 USD
CY2019Q4 rcl Lease Liability
LeaseLiability
928875000 USD
CY2019 us-gaap Lease Cost
LeaseCost
153330000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
103300000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P30Y2M19D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0465
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0447
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
125307000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8355000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
32090000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
126235000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
43793000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
113033000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
46726000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
104907000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
23801000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
101547000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
12539000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
75510000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
12528000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
417122000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
405756000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
938354000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
545143000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
239737000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
314885000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
698617000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
230258000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
67682000 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 In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
56142000 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 Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
52522000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
383974000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
677316000 USD
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32200000 USD
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
29300000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
0 USD
CY2018 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
537770000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4750000 USD
CY2018 rcl Noncontrolling Interest Other Increase Decrease
NoncontrollingInterestOtherIncreaseDecrease
-500000 USD
CY2018Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
542020000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28713000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
752000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
569981000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.78
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2018Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.70
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2017Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2017Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.60
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.60
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2017Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
CY2018Q2 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1000000000.0 USD
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.48
CY2019Q4 rcl Number Of Share Based Compensation Plans
NumberOfShareBasedCompensationPlans
1 plan
CY2019Q4 rcl Share Based Compensation Arrangementby Share Based Payment Award Maximum Numberof Sharesthatcanbe Grantedtosomeoneotherthananonemployeeboardmemberin Any Fiscal Year
ShareBasedCompensationArrangementbyShareBasedPaymentAwardMaximumNumberofSharesthatcanbeGrantedtosomeoneotherthananonemployeeboardmemberinAnyFiscalYear
500000 shares
CY2019Q4 rcl Share Based Compensation Arrangement By Employee Stock Purchase Program Number Of Shares Available For Purchase
ShareBasedCompensationArrangementByEmployeeStockPurchaseProgramNumberOfSharesAvailableForPurchase
1300000 shares
CY2019 rcl Employee Purchase Plan Purchase Price Percentage Of Fair Market Value
EmployeePurchasePlanPurchasePricePercentageOfFairMarketValue
0.85
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
91586 shares
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
74100 shares
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
51989 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
98.20
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
97.50
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
93.15
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
75930000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
46061000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
69459000 USD
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
153093 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
29.06
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y2M23D
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10399000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2019Q4 rcl Future Non Cancelable Purchase Commitments Due In Second Year
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CY2019Q4 rcl Future Non Cancelable Purchase Commitments Due In Third Year
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1.02
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2.25
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2.19
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4.20
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3.86
CY2019Q4 us-gaap Earnings Per Share Diluted
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1.30
CY2018Q4 us-gaap Earnings Per Share Diluted
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1.50
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
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0.60
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0.70
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CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
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rcl Deferred Debt Amortization
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800000000 USD
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P4Y
CY2019Q4 rcl Debt Covenant Monthly Cash And Cash Equivalents Minimum
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300000000 USD

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