2012 Q1 Form 10-Q Financial Statement

#000119312512179001 Filed on April 24, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q4 2011 Q1
Revenue $1.834B $1.775B $1.672B
YoY Change 9.72% 10.65% 12.54%
Cost Of Revenue $1.255B $1.251B $1.101B
YoY Change 13.99% 13.0% 7.39%
Gross Profit $579.4M $524.5M $570.9M
YoY Change 1.48% 5.43% 24.01%
Gross Profit Margin 31.58% 29.54% 34.15%
Selling, General & Admin $264.6M $238.4M $248.1M
YoY Change 6.63% 12.51% 17.6%
% of Gross Profit 45.67% 45.45% 43.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $179.4M $179.9M $173.3M
YoY Change 3.52% 9.76% 9.96%
% of Gross Profit 30.96% 34.3% 30.35%
Operating Expenses $264.6M $418.3M $248.1M
YoY Change 6.63% 11.31% -32.68%
Operating Profit $135.4M $106.2M $149.5M
YoY Change -9.47% -12.77% 62.89%
Interest Expense $92.67M -$82.60M $100.6M
YoY Change -7.91% -13.24% -211.56%
% of Operating Profit 68.45% -77.81% 67.29%
Other Income/Expense, Net -$88.41M $13.00M -$71.12M
YoY Change 24.31% 140.74% -190.84%
Pretax Income $47.00M $36.60M $78.40M
YoY Change -40.05% 14.73% -1.75%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $46.96M $36.56M $78.41M
YoY Change -40.1% 14.61% -1.79%
Net Earnings / Revenue 2.56% 2.06% 4.69%
Basic Earnings Per Share $0.22 $0.17 $0.36
Diluted Earnings Per Share $0.21 $0.17 $0.36
COMMON SHARES
Basic Shares Outstanding 217.6M shares 216.5M shares
Diluted Shares Outstanding 219.2M shares 219.6M shares

Balance Sheet

Concept 2012 Q1 2011 Q4 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $278.0M $262.0M $470.0M
YoY Change -40.85% -37.62% 69.06%
Cash & Equivalents $277.5M $262.2M $470.3M
Short-Term Investments
Other Short-Term Assets $385.0M $270.0M $327.0M
YoY Change 17.74% 34.33% 21.11%
Inventory $147.9M $144.6M $141.0M
Prepaid Expenses
Receivables $313.0M $292.0M $277.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.123B $969.3M $1.215B
YoY Change -7.53% -4.5% 32.5%
LONG-TERM ASSETS
Property, Plant & Equipment $16.95B $16.93B $16.40B
YoY Change 3.34% 0.97% 7.7%
Goodwill $758.4M $746.5M
YoY Change -1.68%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.197B $1.154B $1.373B
YoY Change -12.8% 4.13% 21.83%
Total Long-Term Assets $18.91B $18.84B $18.56B
YoY Change 1.86% 1.05% 8.41%
TOTAL ASSETS
Total Short-Term Assets $1.123B $969.3M $1.215B
Total Long-Term Assets $18.91B $18.84B $18.56B
Total Assets $20.03B $19.80B $19.78B
YoY Change 1.28% 0.77% 9.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $291.0M $304.6M $335.0M
YoY Change -13.12% 22.34% 38.43%
Accrued Expenses $520.4M $564.3M $569.0M
YoY Change -8.55% -20.97% -11.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $639.4M $638.9M $702.0M
YoY Change -8.92% -46.71% -44.11%
Total Short-Term Liabilities $3.100B $3.068B $3.011B
YoY Change 2.95% -10.95% -10.71%
LONG-TERM LIABILITIES
Long-Term Debt $7.899B $7.857B $8.077B
YoY Change -2.21% -1.18% 17.95%
Other Long-Term Liabilities $437.7M $472.0M $410.0M
YoY Change 6.75% 32.21% 16.48%
Total Long-Term Liabilities $8.337B $8.329B $8.487B
YoY Change -1.77% 0.25% 17.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.100B $3.068B $3.011B
Total Long-Term Liabilities $8.337B $8.329B $8.487B
Total Liabilities $11.44B $11.40B $11.50B
YoY Change -0.54% -3.03% 8.76%
SHAREHOLDERS EQUITY
Retained Earnings $5.849B $5.823B
YoY Change
Common Stock $3.083B $3.074B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $413.7M $413.7M
YoY Change
Treasury Stock Shares 10.31M shares 10.31M shares
Shareholders Equity $8.593B $8.408B $8.278B
YoY Change
Total Liabilities & Shareholders Equity $20.03B $19.80B $19.78B
YoY Change 1.28% 0.77% 9.64%

Cashflow Statement

Concept 2012 Q1 2011 Q4 2011 Q1
OPERATING ACTIVITIES
Net Income $46.96M $36.56M $78.41M
YoY Change -40.1% 14.61% -1.79%
Depreciation, Depletion And Amortization $179.4M $179.9M $173.3M
YoY Change 3.52% 9.76% 9.96%
Cash From Operating Activities $215.2M $183.0M $285.4M
YoY Change -24.6% -19.42% -30.87%
INVESTING ACTIVITIES
Capital Expenditures $177.2M -$143.5M $66.30M
YoY Change 167.31% -88.62% -139.85%
Acquisitions
YoY Change
Other Investing Activities $1.048M -$5.800M $4.413M
YoY Change -76.25% -93.34% -291.87%
Cash From Investing Activities -$158.4M -$149.4M $217.8M
YoY Change -172.76% -88.92% -229.08%
FINANCING ACTIVITIES
Cash Dividend Paid $43.51M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $131.8M $944.3M
YoY Change -86.04%
Cash From Financing Activities -$44.60M -225.5M -452.7M
YoY Change -90.15% -120.53% 80.63%
NET CHANGE
Cash From Operating Activities $215.2M 183.0M 285.4M
Cash From Investing Activities -$158.4M -149.4M 217.8M
Cash From Financing Activities -$44.60M -225.5M -452.7M
Net Change In Cash $12.18M -191.9M 50.50M
YoY Change -75.89% 730.74% -889.09%
FREE CASH FLOW
Cash From Operating Activities $215.2M $183.0M $285.4M
Capital Expenditures $177.2M -$143.5M $66.30M
Free Cash Flow $37.98M $326.5M $219.1M
YoY Change -82.67% -78.07% -62.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
147470000
CY2012Q1 rcl Share Based Compensation Arrangements Performance Shares Maximum Target
ShareBasedCompensationArrangementsPerformanceSharesMaximumTarget
2.00 pure
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
217849051 shares
CY2011Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
470258000
CY2012Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1197253000
CY2012Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.10
CY2012Q1 us-gaap Inventory Net
InventoryNet
147898000
CY2012Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2012Q1 us-gaap Assets Current
AssetsCurrent
1123497000
CY2012Q1 us-gaap Goodwill
Goodwill
758445000
CY2012Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
437693000
CY2012Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
54848000
CY2012Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
74872000
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
413704000
CY2012Q1 us-gaap Liabilities Current
LiabilitiesCurrent
3099874000
CY2012Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
935000000
CY2012Q1 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
155410000
CY2012Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7898822000
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5848616000
CY2012Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
520361000
CY2012Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
229655000
CY2012Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
318876000
CY2012Q1 us-gaap Interest Payable Current
InterestPayableCurrent
101559000
CY2012Q1 us-gaap Assets
Assets
20028959000
CY2012Q1 us-gaap Common Stock Value
CommonStockValue
2282000
CY2012Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
1547555000
CY2012Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
313001000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
277533000
CY2012Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q1 us-gaap Fair Value Concentration Of Risk Derivative Financial Instruments Assets
FairValueConcentrationOfRiskDerivativeFinancialInstrumentsAssets
274800000
CY2012Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20028959000
CY2012Q1 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
875000000
CY2012Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3080504000
CY2012Q1 us-gaap Notional Amount Of Foreign Currency Derivatives
NotionalAmountOfForeignCurrencyDerivatives
1200000000
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
8592570000
CY2012Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
228148620 shares
CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16949764000
CY2012Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
639365000
CY2012Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2012Q1 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
1300000000
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
10308683 shares
CY2012Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
291034000
CY2012Q1 rcl Purchase Contract Deposit
PurchaseContractDeposit
227900000
CY2012Q1 rcl Percentage Of Long Term Debt Bearing Fixed Interest Rate
PercentageOfLongTermDebtBearingFixedInterestRate
0.40 pure
CY2012Q1 rcl Percentage Of Long Term Debt Bearing Variable Interest Rate
PercentageOfLongTermDebtBearingVariableInterestRate
0.60 pure
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
419929000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1153763000
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
84344000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-75938000
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
413704000
CY2012Q1 rcl Ship Passenger Capacity Berths
ShipPassengerCapacityBerths
11200 Passenger
CY2012Q1 rcl Number Of Cruise Brands Owned
NumberOfCruiseBrandsOwned
5 Brand
CY2012Q1 rcl Percentage Of Aggregate Cost Exposed To Fluctuations In Euro Exchange Rate
PercentageOfAggregateCostExposedToFluctuationsInEuroExchangeRate
0.463 pure
CY2012Q1 rcl Debt Instrument Maturity Month And Year
DebtInstrumentMaturityMonthAndYear
2016-07
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3067642000
CY2011Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
84642000
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7856962000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5823430000
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
564272000
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
185460000
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
201130000
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
123853000
CY2011Q4 us-gaap Assets
Assets
19804405000
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
2276000
CY2011Q4 us-gaap Inventory Net
InventoryNet
144553000
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2011Q4 us-gaap Assets Current
AssetsCurrent
969288000
CY2011Q4 us-gaap Goodwill
Goodwill
746537000
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
471978000
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
1436003000
CY2011Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
292447000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262186000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19804405000
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3071759000
CY2011Q4 us-gaap Notional Amount Of Foreign Currency Derivatives
NotionalAmountOfForeignCurrencyDerivatives
900000000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
8407823000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
227366165 shares
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16934817000
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
638891000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2011Q4 rcl Percentage Of Aggregate Cost Exposed To Fluctuations In Euro Exchange Rate
PercentageOfAggregateCostExposedToFluctuationsInEuroExchangeRate
0.433 pure
CY2011Q4 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
1300000000
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
304623000
CY2002Q3 rcl Initial Lease Expiration Period
InitialLeaseExpirationPeriod
P25Y
CY2011Q4 rcl Percentage Of Long Term Debt Bearing Fixed Interest Rate
PercentageOfLongTermDebtBearingFixedInterestRate
0.40 pure
CY2011Q4 rcl Percentage Of Long Term Debt Bearing Variable Interest Rate
PercentageOfLongTermDebtBearingVariableInterestRate
0.60 pure
CY2002Q3 rcl Lease Expiration Period
LeaseExpirationPeriod
P10Y
CY2002Q3 rcl Payment Of Cash Up On Contract Termination
PaymentOfCashUpOnContractTermination
66800000
CY2002Q3 rcl Payment Of Cash Up On Contract Termination
PaymentOfCashUpOnContractTermination
106700000
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
10308683 shares
CY2011Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
11498000
CY2011Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
29901000
CY2011Q1 us-gaap Revenues
Revenues
1671995000
CY2011Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
192254000
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
285419000
CY2011Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
300565000
CY2011Q3 us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
3 LegalMatter
CY2011Q3 rcl Loss Contingency Filing Date Of Lawsuit
LossContingencyFilingDateOfLawsuit
2012-02-17
CY2011Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17259000
CY2011Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
339000
CY2011Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-50387000
CY2011Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
345000000
CY2011Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
217751000
CY2011Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
3781000
CY2011Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
25720000
CY2011Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
80524000
CY2011Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
204487000
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2011Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
248402000
CY2011Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
24153000
CY2011Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
222155000
CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4413000
CY2011Q1 us-gaap Interest Expense
InterestExpense
100625000
CY2011Q1 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
100082000
CY2011Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
944269000
CY2011Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
56532000
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
78410000
CY2011Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-71124000
CY2011Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-35648000
CY2011Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000 shares
CY2011Q1 us-gaap Cost Of Revenue
CostOfRevenue
1101071000
CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
66304000
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2011Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
173252000
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
149534000
CY2011Q1 us-gaap Interest Paid Net
InterestPaidNet
122775000
CY2011Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
85050000
CY2011Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
485501000
CY2011Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-4013000
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3115000 shares
CY2011Q1 rcl Onboard And Other
OnboardAndOther
445478000
CY2011Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
248138000
CY2011Q1 us-gaap Passenger Revenue
PassengerRevenue
1226517000
CY2011Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
50329000
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
216511000 shares
CY2011Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
38014000
CY2011Q1 rcl Cost Of Onboard And Other
CostOfOnboardAndOther
102490000
CY2011Q1 rcl Cruise Commissions Transportation And Other
CruiseCommissionsTransportationAndOther
279549000
CY2011Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-173000
CY2011Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12658000
CY2011Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-46249000
CY2011Q1 us-gaap Fuel Costs
FuelCosts
166061000
CY2011Q1 us-gaap Unrealized Gain Loss On Energy Contracts
UnrealizedGainLossOnEnergyContracts
24170000
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219626000 shares
CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-452668000
CY2011Q1 rcl Port Costs Included In Revenues
PortCostsIncludedInRevenues
95700000
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Trading Symbol
TradingSymbol
RCL
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
ROYAL CARIBBEAN CRUISES LTD
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000884887
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1557000
CY2012Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
424000
CY2012Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-21938000
CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-158443000
CY2012Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
6346000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2091000
CY2012Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16260000
CY2012Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
3340000
CY2012Q1 us-gaap Revenues
Revenues
1834480000
CY2012Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
274046000
CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
215215000
CY2012Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
197774000
CY2012Q1 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
77360000
CY2012Q1 us-gaap Cost Of Services Direct Labor
CostOfServicesDirectLabor
210114000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2012Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
11055000
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
150810000
CY2012Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-10765000
CY2012Q1 us-gaap Interest Expense
InterestExpense
92666000
CY2012Q1 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
113625000
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
131810000
CY2012Q1 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
3000000000
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
46964000
CY2012Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-88411000
CY2012Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-21069000
CY2012Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3800000 shares
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
1255112000
CY2012Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
If (i) any person other than A. Wilhelmsen AS. and Cruise Associates and their respective affiliates (the “Applicable Group”) acquires ownership of more than 30% of our common stock and the Applicable Group owns less of our common stock than such person, or (ii) subject to certain exceptions, during any 24-month period, a majority of the Board is no longer comprised of individuals who were members of the Board on the first day of such period, we may be obligated to prepay indebtedness outstanding under the majority of our credit facilities, which we may be unable to replace on similar terms.
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
177235000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2012Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
179392000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
135375000
CY2012Q1 us-gaap Interest Paid Net
InterestPaidNet
101065000
CY2012Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14263000
CY2012Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
14641000
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
264601000
CY2012Q1 us-gaap Passenger Revenue
PassengerRevenue
1352238000
CY2012Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
15347000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217584000 shares
CY2012Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
30612000
CY2012Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3170000
CY2012Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3141000
CY2012Q1 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-22294000
CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
43506000
CY2012Q1 us-gaap Fuel Costs
FuelCosts
228994000
CY2012Q1 us-gaap Unrealized Gain Loss On Energy Contracts
UnrealizedGainLossOnEnergyContracts
2681000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
219230000 shares
CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-44595000
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
145000000
CY2012Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1646000 shares
CY2012Q1 us-gaap Debt Instrument Increase Additional Borrowings
DebtInstrumentIncreaseAdditionalBorrowings
300000000
CY2012Q1 rcl Onboard And Other
OnboardAndOther
482242000
CY2012Q1 rcl Cost Of Onboard And Other
CostOfOnboardAndOther
107595000
CY2012Q1 rcl Cruise Commissions Transportation And Other
CruiseCommissionsTransportationAndOther
320738000
CY2012Q1 rcl Cash Paid Received On Settlement Of Derivative Financial Instruments
CashPaidReceivedOnSettlementOfDerivativeFinancialInstruments
-8027000
CY2012Q1 rcl Port Costs Included In Revenues
PortCostsIncludedInRevenues
113100000

Files In Submission

Name View Source Status
0001193125-12-179001-index-headers.html Edgar Link pending
0001193125-12-179001-index.html Edgar Link pending
0001193125-12-179001.txt Edgar Link pending
0001193125-12-179001-xbrl.zip Edgar Link pending
d322907d10q.htm Edgar Link pending
d322907d10q1.pdf Edgar Link pending
d322907dex101.htm Edgar Link pending
d322907dex102.htm Edgar Link pending
d322907dex311.htm Edgar Link pending
d322907dex312.htm Edgar Link pending
d322907dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rcl-20120331.xml Edgar Link completed
rcl-20120331.xsd Edgar Link pending
rcl-20120331_cal.xml Edgar Link unprocessable
rcl-20120331_def.xml Edgar Link unprocessable
rcl-20120331_lab.xml Edgar Link unprocessable
rcl-20120331_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending