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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total revenues $ (33,688) $ 3,186,850 $ 2,174,667 $ 8,433,248
Cruise operating expenses:        
Total cruise operating expenses 308,609 1,623,038 2,499,848 4,581,246
Marketing, selling and administrative expenses 246,779 352,725 944,087 1,144,546
Depreciation and amortization expenses 317,139 320,295 961,226 924,180
Impairment and credit losses 89,899 0 1,354,514 0
Operating (Loss) Income (996,114) 890,792 (3,585,008) 1,783,276
Other expense:        
Interest income 5,017 5,625 15,757 21,751
Interest expense, net of interest capitalized (259,349) (102,038) (571,149) (313,757)
Equity investment (loss) income (78,013) 103,654 (140,258) 170,393
Other expense (10,853) (7,668) (127,537) (34,537)
Total other income (expense) (343,198) (427) (823,187) (156,150)
Net (Loss) Income (1,339,312) 890,365 (4,408,195) 1,627,126
Less: Net Income attributable to noncontrolling interest 7,444 7,125 22,332 21,375
Net (Loss) Income attributable to Royal Caribbean Cruises Ltd. $ (1,346,756) $ 883,240 $ (4,430,527) $ 1,605,751
(Loss) Earnings per Share:        
Basic (in dollars per share) $ (6.29) $ 4.21 $ (21.01) $ 7.67
Diluted (in dollars per share) $ (6.29) $ 4.20 $ (21.01) $ 7.65
Weighted-Average Shares Outstanding:        
Basic (in shares) 214,163 209,575 210,894 209,477
Diluted (in shares) 214,163 210,121 210,894 210,032
Other comprehensive income (loss):        
Foreign currency translation adjustments $ 19,071 $ (15,510) $ 55,698 $ (7,683)
Change in defined benefit plans (3,086) (12,456) (16,953) (22,831)
Gain (loss) on cash flow derivative hedges 66,135 (265,224) (110,139) (288,115)
Total other comprehensive income (loss) 82,120 (293,190) (71,394) (318,629)
Comprehensive (Loss) Income (1,257,192) 597,175 (4,479,589) 1,308,497
Less: Comprehensive Income attributable to noncontrolling interest 7,444 7,125 22,332 21,375
Comprehensive (Loss) Income attributable to Royal Caribbean Cruises Ltd. (1,264,636) 590,050 (4,501,921) 1,287,122
Passenger ticket revenues        
Total revenues 3,204 2,344,779 1,487,077 6,072,599
Onboard and other revenues        
Total revenues (36,892) 842,071 687,590 2,360,649
Cruise operating expenses:        
Total cruise operating expenses 6,036 200,656 151,333 510,255
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses (3,321) 488,921 342,632 1,279,010
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 119,213 263,993 693,480 799,094
Food        
Cruise operating expenses:        
Total cruise operating expenses 5,640 149,621 154,439 436,002
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 53,815 177,677 327,275 519,772
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 127,226 $ 342,170 $ 830,689 $ 1,037,113