RCL: Royal Caribbean Cruises Ltd Financial Statements
Balance sheet, income statement, and cash flow statements for Royal Caribbean Cruises Ltd (RCL).
$62.03B Market Cap.
RCL Market Cap. (MRY)
RCL Shares Outstanding (MRY)
RCL Assets (MRY)
Total Assets
$37.07B
Total Liabilities
$29.34B
Total Investments
$0
RCL Income (MRY)
Revenue
$16.48B
Net Income
$2.88B
Operating Expense
$3.73B
RCL Cash Flow (MRY)
CF Operations
$5.26B
CF Investing
-$3.45B
CF Financing
-$1.92B
RCL Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $37,070,000,000 (5.52%) | $35,131,000,000 (4.01%) | $33,776,000,000 (4.70%) | $32,258,355,000 (-0.64%) |
Assets Current | $1,705,000,000 (-4.85%) | $1,792,000,000 (-44.09%) | $3,205,000,000 (-10.98%) | $3,600,271,000 (-16.50%) |
Assets Non-Current | $35,365,000,000 (6.08%) | $33,339,000,000 (9.05%) | $30,571,000,000 (6.67%) | $28,658,084,000 (1.79%) |
Goodwill & Intangible Assets | $808,000,000 (-0.12%) | $809,000,000 (0.00%) | $809,000,000 (-0.05%) | $809,383,000 (-0.01%) |
Shareholders Equity | $7,563,000,000 (60.10%) | $4,724,000,000 (64.66%) | $2,869,000,000 (-43.59%) | $5,085,556,000 (-41.95%) |
Property Plant & Equipment Net | $32,508,000,000 (5.80%) | $30,725,000,000 (9.40%) | $28,084,000,000 (6.18%) | $26,450,077,000 (2.33%) |
Cash & Equivalents | $388,000,000 (-21.93%) | $497,000,000 (-74.32%) | $1,935,000,000 (-28.38%) | $2,701,770,000 (-26.67%) |
Accumulated Other Comprehensive Income | -$802,000,000 (-18.99%) | -$674,000,000 (-4.66%) | -$644,000,000 (9.41%) | -$710,885,000 (3.85%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $265,000,000 (6.85%) | $248,000,000 (10.71%) | $224,000,000 (49.11%) | $150,224,000 (26.55%) |
Trade & Non-Trade Receivables | $371,000,000 (-8.40%) | $405,000,000 (-23.73%) | $531,000,000 (30.13%) | $408,067,000 (43.61%) |
Trade & Non-Trade Payables | $919,000,000 (16.04%) | $792,000,000 (22.41%) | $647,000,000 (18.50%) | $545,978,000 (54.48%) |
Accumulated Retained Earnings (Deficit) | $2,612,000,000 (26220.00%) | -$10,000,000 (99.41%) | -$1,707,000,000 (-664.72%) | $302,276,000 (-94.57%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $20,820,000,000 (-5.92%) | $22,130,000,000 (-7.77%) | $23,994,000,000 (10.60%) | $21,693,988,000 (8.49%) |
Debt Current | $1,677,000,000 (-6.05%) | $1,785,000,000 (-17.67%) | $2,168,000,000 (-6.23%) | $2,312,053,000 (56.88%) |
Debt Non-Current | $19,143,000,000 (-5.91%) | $20,345,000,000 (-6.79%) | $21,826,000,000 (12.61%) | $19,381,935,000 (4.64%) |
Total Liabilities | $29,335,000,000 (-2.97%) | $30,232,000,000 (-2.18%) | $30,907,000,000 (13.74%) | $27,172,799,000 (14.63%) |
Liabilities Current | $9,817,000,000 (4.43%) | $9,401,000,000 (9.66%) | $8,573,000,000 (17.67%) | $7,285,683,000 (60.58%) |
Liabilities Non-Current | $19,518,000,000 (-6.30%) | $20,831,000,000 (-6.73%) | $22,334,000,000 (12.30%) | $19,887,116,000 (3.75%) |
RCL Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $16,484,000,000 (18.59%) | $13,900,000,000 (57.24%) | $8,840,000,000 (477.02%) | $1,532,000,000 (-30.64%) |
Cost of Revenue | $8,652,000,000 (11.28%) | $7,775,000,000 (17.52%) | $6,616,000,000 (141.55%) | $2,739,000,000 (-0.94%) |
Selling General & Administrative Expense | $2,125,000,000 (18.58%) | $1,792,000,000 (13.20%) | $1,583,000,000 (15.55%) | $1,370,000,000 (14.20%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $3,725,000,000 (14.72%) | $3,247,000,000 (8.60%) | $2,990,000,000 (12.28%) | $2,663,000,000 (-34.17%) |
Interest Expense | $1,590,000,000 (13.41%) | $1,402,000,000 (2.79%) | $1,364,000,000 (5.57%) | $1,292,000,000 (53.04%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $2,896,000,000 (69.95%) | $1,704,000,000 (179.04%) | -$2,156,000,000 (59.01%) | -$5,260,000,000 (8.92%) |
Net Income to Non-Controlling Interests | $18,000,000 (157.14%) | $7,000,000 (0%) | $0 (0%) | $0 (0%) |
Net Income | $2,877,000,000 (69.53%) | $1,697,000,000 (178.71%) | -$2,156,000,000 (59.01%) | -$5,260,000,000 (9.27%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $2,877,000,000 (69.53%) | $1,697,000,000 (178.71%) | -$2,156,000,000 (59.01%) | -$5,260,000,000 (9.27%) |
Weighted Average Shares | $268,875,240 (4.93%) | $256,235,104 (0.41%) | $255,182,015 (0.15%) | $254,789,847 (13.57%) |
Weighted Average Shares Diluted | - | - | - | - |
Earning Before Interest & Taxes (EBIT) | $4,467,000,000 (44.14%) | $3,099,000,000 (491.29%) | -$792,000,000 (80.04%) | -$3,968,000,000 (19.89%) |
Gross Profit | $7,832,000,000 (27.87%) | $6,125,000,000 (175.40%) | $2,224,000,000 (284.26%) | -$1,207,000,000 (-116.97%) |
Operating Income | $4,107,000,000 (42.70%) | $2,878,000,000 (475.72%) | -$766,000,000 (80.21%) | -$3,870,000,000 (15.90%) |
RCL Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$3,446,000,000 (12.16%) | -$3,923,000,000 (-31.34%) | -$2,987,000,000 (-39.25%) | -$2,145,000,000 (1.54%) |
Net Cash Flow from Financing | -$1,922,000,000 (3.56%) | -$1,993,000,000 (-214.47%) | $1,741,000,000 (-42.75%) | $3,041,000,000 (-67.48%) |
Net Cash Flow from Operations | $5,265,000,000 (17.60%) | $4,477,000,000 (830.77%) | $481,000,000 (125.61%) | -$1,878,000,000 (49.67%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$109,000,000 (92.42%) | -$1,438,000,000 (-87.48%) | -$767,000,000 (21.89%) | -$982,000,000 (-128.54%) |
Net Cash Flow - Business Acquisitions and Disposals | -$49,000,000 (-644.44%) | $9,000,000 (-52.63%) | $19,000,000 (148.72%) | -$39,000,000 (50.96%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$116,000,000 (-127.45%) | -$51,000,000 (83.17%) | -$303,000,000 (-910.00%) | -$30,000,000 (79.38%) |
Capital Expenditure | -$3,268,000,000 (16.14%) | -$3,897,000,000 (-43.80%) | -$2,710,000,000 (-31.94%) | -$2,054,000,000 (-6.02%) |
Issuance (Repayment) of Debt Securities | -$1,758,000,000 (20.05%) | -$2,199,000,000 (-225.16%) | $1,757,000,000 (23.82%) | $1,419,000,000 (-82.81%) |
Issuance (Purchase) of Equity Shares | $0 (0%) | $0 (0%) | $0 (0%) | $1,622,000,000 (13.32%) |
Payment of Dividends & Other Cash Distributions | -$107,000,000 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$6,000,000 (-700.00%) | $1,000,000 (150.00%) | -$2,000,000 (0%) | $0 (0%) |
Share Based Compensation | $267,000,000 (111.90%) | $126,000,000 (250.00%) | $36,000,000 (-43.75%) | $64,000,000 (60.89%) |
Depreciation Amortization & Accretion | $1,600,000,000 (9.97%) | $1,455,000,000 (3.41%) | $1,407,000,000 (8.82%) | $1,293,000,000 (1.07%) |
RCL Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 47.50% (7.71%) | 44.10% (75.00%) | 25.20% (131.98%) | -78.80% (-212.70%) |
Profit Margin | 17.50% (43.44%) | 12.20% (150.00%) | -24.40% (92.89%) | -343.30% (-30.78%) |
EBITDA Margin | 36.80% (12.20%) | 32.80% (368.57%) | 7.00% (104.01%) | -174.60% (-4.99%) |
Return on Average Equity (ROAE) | 44.70% (1.13%) | 44.20% (168.95%) | -64.10% (12.79%) | -73.50% (-15.02%) |
Return on Average Assets (ROAA) | 7.90% (54.90%) | 5.10% (179.69%) | -6.40% (59.49%) | -15.80% (10.73%) |
Return on Sales (ROS) | 27.10% (21.52%) | 22.30% (347.78%) | -9.00% (96.53%) | -259.00% (-15.52%) |
Return on Invested Capital (ROIC) | 9.50% (33.80%) | 7.10% (494.44%) | -1.80% (79.55%) | -8.80% (26.05%) |
Dividend Yield | 0.40% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | 20.97 (7.38%) | 19.53 (433.86%) | -5.85 (-58.92%) | -3.68 (-33.32%) |
Price to Sales Ratio (P/S) | 3.76 (57.65%) | 2.39 (67.27%) | 1.43 (-88.84%) | 12.79 (68.59%) |
Price to Book Ratio (P/B) | 8.2 (16.76%) | 7.02 (59.75%) | 4.4 (14.12%) | 3.85 (101.41%) |
Debt to Equity Ratio (D/E) | 3.88 (-39.39%) | 6.4 (-40.59%) | 10.77 (101.63%) | 5.34 (97.45%) |
Earnings Per Share (EPS) | 11 (65.91%) | 6.63 (178.46%) | -8.45 (59.55%) | -20.89 (22.77%) |
Sales Per Share (SPS) | 61.31 (13.01%) | 54.25 (56.59%) | 34.64 (476.12%) | 6.01 (-38.93%) |
Free Cash Flow Per Share (FCFPS) | 7.43 (228.05%) | 2.26 (125.92%) | -8.73 (43.40%) | -15.43 (38.93%) |
Book Value Per Share (BVPS) | 28.13 (52.57%) | 18.44 (63.98%) | 11.24 (-43.67%) | 19.96 (-48.89%) |
Tangible Assets Book Value Per Share (TABVPS) | 134.87 (0.69%) | 133.95 (3.68%) | 129.19 (4.67%) | 123.43 (-12.53%) |
Enterprise Value Over EBIT (EV/EBIT) | 19 (11.76%) | 17 (138.64%) | -44 (-340.00%) | -10 (-42.86%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 13.71 (17.46%) | 11.67 (-79.49%) | 56.9 (503.07%) | -14.12 (-55.85%) |
Asset Turnover | 0.45 (8.41%) | 0.42 (57.58%) | 0.26 (473.91%) | 0.05 (-31.34%) |
Current Ratio | 0.17 (-8.90%) | 0.19 (-48.93%) | 0.37 (-24.29%) | 0.49 (-48.00%) |
Dividends | $0.95 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | $1,997,000,000 (244.31%) | $580,000,000 (126.02%) | -$2,229,000,000 (43.31%) | -$3,932,000,000 (30.64%) |
Enterprise Value (EV) | $83,164,829,116 (56.48%) | $53,146,978,617 (51.87%) | $34,994,560,001 (-7.33%) | $37,763,956,234 (13.48%) |
Earnings Before Tax (EBT) | $2,877,000,000 (69.53%) | $1,697,000,000 (178.71%) | -$2,156,000,000 (59.01%) | -$5,260,000,000 (9.27%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $6,067,000,000 (33.22%) | $4,554,000,000 (640.49%) | $615,000,000 (122.99%) | -$2,675,000,000 (27.19%) |
Invested Capital | $46,877,000,000 (0.69%) | $46,554,000,000 (0.22%) | $46,453,000,000 (7.64%) | $43,155,507,000 (-0.63%) |
Working Capital | -$8,112,000,000 (-6.61%) | -$7,609,000,000 (-41.75%) | -$5,368,000,000 (-45.66%) | -$3,685,412,000 (-1535.24%) |
Tangible Asset Value | $36,262,000,000 (5.65%) | $34,322,000,000 (4.11%) | $32,967,000,000 (4.83%) | $31,448,972,000 (-0.65%) |
Market Capitalization | $62,026,829,116 (86.94%) | $33,179,883,617 (163.05%) | $12,613,647,001 (-35.62%) | $19,593,339,234 (16.93%) |
Average Equity | $6,441,750,000 (67.73%) | $3,840,560,500 (14.12%) | $3,365,362,500 (-52.95%) | $7,152,362,750 (-21.15%) |
Average Assets | $36,575,250,000 (9.43%) | $33,423,376,750 (-0.32%) | $33,530,858,250 (0.87%) | $33,240,739,000 (1.46%) |
Invested Capital Average | $46,879,500,000 (6.90%) | $43,854,723,750 (-2.60%) | $45,027,078,750 (-0.09%) | $45,067,850,750 (8.64%) |
Shares | 268,875,240 (4.93%) | 256,235,104 (0.41%) | 255,182,015 (0.15%) | 254,789,847 (13.57%) |
