ROYAL CARIBBEAN CRUISES LTD
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
RCL$336.98+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets F-
(in millions, except share data)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $825 | $388 |
| Trade and other receivables, net | 317 | 371 |
| Inventories | 264 | 265 |
| Prepaid expenses and other assets | 690 | 670 |
| Derivative financial instruments | 115 | 11 |
| Total current assets | 2,211 | 1,705 |
| Property and equipment, net | 35,696 | 31,831 |
| Operating lease right-of-use assets | 620 | 677 |
| Goodwill | 808 | 808 |
| Other assets | 2,284 | 2,049 |
| Total assets | $41,619 | $37,070 |
| Liabilities and shareholders' equity | ||
| Current liabilities | ||
| Current portion of long-term debt | $3,180 | $1,603 |
| Current portion of operating lease liabilities | 90 | 74 |
| Accounts payable | 953 | 919 |
| Accrued expenses and other liabilities | 2,026 | 1,635 |
| Derivative financial instruments | 67 | 90 |
| Customer deposits | 5,739 | 5,496 |
| Total current liabilities | 12,055 | 9,817 |
| Long-term debt | 18,165 | 18,473 |
| Long-term operating lease liabilities | 600 | 670 |
| Other long-term liabilities | 554 | 375 |
| Total liabilities | 31,374 | 29,335 |
| Commitments and Contingencies (Note 17) | ||
| Shareholders' equity | ||
| Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding) | — | — |
| Common stock ($0.01 par value; 500,000,000 shares authorized; 303,054,848 and 297,368,235 shares issued, December 31, 2025 and December 31, 2024, respectively) | 3 | 3 |
| Paid-in capital | 7,964 | 7,831 |
| Retained earnings | 5,925 | 2,612 |
| Accumulated other comprehensive loss | (604) | (802) |
| Treasury stock (32,631,826 and 28,468,430 common shares at cost, December 31, 2025 and December 31, 2024, respectively) | (3,251) | (2,081) |
| Total shareholders’ equity attributable to Royal Caribbean Cruises Ltd. | 10,037 | 7,563 |
| Noncontrolling Interest | 208 | 172 |
| Total shareholders' equity | 10,245 | 7,735 |
| Total liabilities and shareholders’ equity | $41,619 | $37,070 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.