ROYAL CARIBBEAN CRUISES LTD
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
RCL$339.85+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Comprehensive Income (Loss F-
(in millions, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Passenger ticket revenues | $9,568 | $5,793 | $941 |
| Onboard and other revenues | 4,332 | 3,047 | 591 |
| Total revenues | 13,900 | 8,840 | 1,532 |
| Cruise operating expenses: | |||
| Commissions, transportation and other | 2,001 | 1,357 | 208 |
| Onboard and other | 809 | 597 | 117 |
| Payroll and related | 1,197 | 1,288 | 838 |
| Food | 819 | 653 | 164 |
| Fuel | 1,150 | 1,073 | 385 |
| Other operating | 1,799 | 1,648 | 1,027 |
| Total cruise operating expenses | 7,775 | 6,616 | 2,739 |
| Marketing, selling and administrative expenses | 1,792 | 1,583 | 1,370 |
| Depreciation and amortization expenses | 1,455 | 1,407 | 1,293 |
| Operating Income (Loss) | 2,878 | (766) | (3,870) |
| Other income (expense): | |||
| Interest income | 36 | 36 | 17 |
| Interest expense, net of interest capitalized | (1,402) | (1,364) | (1,292) |
| Equity investment income (loss) | 200 | 57 | (135) |
| Other (expense) income (1) | (8) | (119) | 20 |
| (1,174) | (1,390) | (1,390) | |
| Net Income (Loss) | 1,704 | (2,156) | (5,260) |
| Less: Net Income attributable to noncontrolling interest | 7 | — | — |
| Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. | $1,697 | $(2,156) | $(5,260) |
| Earnings (Loss) per Share: | |||
| Basic | $6.63 | $(8.45) | $(20.89) |
| Diluted | $6.31 | $(8.45) | $(20.89) |
| Comprehensive Income (Loss) | |||
| Net Income (Loss) | $1,704 | $(2,156) | $(5,260) |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (9) | 10 | 16 |
| Change in defined benefit plans | 6 | 49 | 9 |
| (Loss) Gain on cash flow derivative hedges | (27) | 8 | 4 |
| Total other comprehensive (loss) income | (30) | 67 | 29 |
| Comprehensive Income (Loss) | $1,674 | $(2,089) | $(5,231) |
| Less: Comprehensive Income attributable to noncontrolling interest | 7 | — | — |
| Comprehensive Income (Loss) attributable to Royal Caribbean Cruises Ltd. | $1,667 | $(2,089) | $(5,231) |
(1)Including a $62.6 million net loss related to the 2021 elimination of the Silversea Cruises reporting lag for the year ended December 31, 2021.
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