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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total revenues $ 3,186,850 $ 2,796,187 $ 8,433,248 $ 7,161,548
Cruise operating expenses:        
Total cruise operating expenses 1,623,038 1,411,364 4,581,246 3,901,794
Marketing, selling and administrative expenses 352,725 325,167 1,144,546 975,451
Depreciation and amortization expenses 320,295 259,923 924,180 753,529
Operating Income 890,792 799,733 1,783,276 1,530,774
Other income (expense):        
Interest income 5,625 5,831 21,751 26,662
Interest expense, net of interest capitalized (102,038) (86,510) (313,757) (236,252)
Equity investment income 103,654 95,169 170,393 168,232
Other expense (7,668) (3,832) (34,537) 5,923
Total other income (expense) (427) 10,658 (156,150) (35,435)
Net Income 890,365 810,391 1,627,126 1,495,339
Less: Net Income attributable to noncontrolling interest 7,125 0 21,375 0
Net Income attributable to Royal Caribbean Cruises Ltd. $ 883,240 $ 810,391 $ 1,605,751 $ 1,495,339
Earnings per Share:        
Basic (in dollars per share) $ 4.21 $ 3.88 $ 7.67 $ 7.08
Diluted (in dollars per share) $ 4.20 $ 3.86 $ 7.65 $ 7.05
Weighted-Average Shares Outstanding:        
Basic (in shares) 209,575 209,054 209,477 211,099
Diluted (in shares) 210,121 209,928 210,032 211,973
Other comprehensive income (loss):        
Foreign currency translation adjustments $ (15,510) $ (3,479) $ (7,683) $ (13,840)
Change in defined benefit plans (12,456) 1,153 (22,831) 6,949
(Loss) gain on cash flow derivative hedges (265,224) 36,946 (288,115) 110,576
Total other comprehensive (loss) income (293,190) 34,620 (318,629) 103,685
Comprehensive Income 597,175 845,011 1,308,497 1,599,024
Less: Comprehensive Income attributable to noncontrolling interest 7,125 0 21,375 0
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 590,050 845,011 1,287,122 1,599,024
Passenger ticket revenues        
Total revenues 2,344,779 2,042,911 6,072,599 5,141,125
Onboard and other revenues        
Total revenues 842,071 753,276 2,360,649 2,020,423
Cruise operating expenses:        
Total cruise operating expenses 200,656 171,028 510,255 412,805
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 488,921 430,039 1,279,010 1,078,953
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 263,993 221,205 799,094 674,676
Food        
Cruise operating expenses:        
Total cruise operating expenses 149,621 133,324 436,002 381,349
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 177,677 182,415 519,772 515,065
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 342,170 $ 273,353 $ 1,037,113 $ 838,946