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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenues $ 456,958 $ (33,688) [1] $ 549,886 $ 2,174,667 [1]
Cruise operating expenses:        
Total cruise operating expenses 813,691 308,609 1,522,008 2,499,848
Marketing, selling and administrative expenses 323,422 246,779 867,021 944,087
Depreciation and amortization expenses 325,907 317,139 959,512 961,226
Impairment and credit losses (238) 89,899 39,934 1,354,514
Operating Loss (1,005,824) (996,114) (2,838,589) (3,585,008)
Other income (expense):        
Interest income 3,786 5,017 13,317 15,757
Interest expense, net of interest capitalized (430,661) (259,349) (1,007,986) (571,149)
Equity investment loss (29,085) (78,013) (137,044) (140,258)
Other income (expense) 37,230 (10,853) 66,771 (127,537)
Total other income (expense) (418,730) (343,198) (1,064,942) (823,187)
Net Loss (1,424,554) (1,339,312) (3,903,531) (4,408,195)
Less: Net Income attributable to noncontrolling interest 0 7,444 0 22,332
Net Loss attributable to Royal Caribbean Cruises Ltd. $ (1,424,554) $ (1,346,756) $ (3,903,531) $ (4,430,527)
Loss per Share:        
Basic (in dollars per share) $ (5.59) $ (6.29) $ (15.56) $ (21.01)
Diluted (in dollars per share) $ (5.59) $ (6.29) $ (15.56) $ (21.01)
Weighted-Average Shares Outstanding:        
Basic (in shares) 254,713 214,163 250,808 210,894
Diluted (in shares) 254,713 214,163 250,808 210,894
Comprehensive Loss        
Net Loss $ (1,424,554) $ (1,339,312) $ (3,903,531) $ (4,408,195)
Other comprehensive income (loss):        
Foreign currency translation adjustments 5,022 19,071 11,255 55,698
Change in defined benefit plans (3,627) (3,086) 3,748 (16,953)
(Loss) gain on cash flow derivative hedges (13,264) 66,135 48,514 (110,139)
Total other comprehensive (loss) income (11,869) 82,120 63,517 (71,394)
Comprehensive Loss (1,436,423) (1,257,192) (3,840,014) (4,479,589)
Less: Comprehensive Income attributable to noncontrolling interest 0 7,444 0 22,332
Comprehensive Loss attributable to Royal Caribbean Cruises Ltd. (1,436,423) (1,264,636) (3,840,014) (4,501,921)
Passenger ticket revenues        
Total revenues 280,153 3,204 323,782 1,487,077
Onboard and other revenues        
Total revenues 176,805 (36,892) 226,104 687,590
Cruise operating expenses:        
Total cruise operating expenses 42,703 6,036 55,782 151,333
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 64,780 (3,321) 72,917 342,632
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 265,974 119,213 530,250 693,480
Food        
Cruise operating expenses:        
Total cruise operating expenses 48,950 5,640 74,618 154,439
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 118,127 53,815 219,058 327,275
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 273,157 $ 127,226 $ 569,383 $ 830,689
[1] Onboard and other revenues for the quarter and nine months ended September 30, 2020 includes a charge of $67.9 million to correct cancellation revenue, for certain immaterial bookings, which was incorrectly recognized during the six months ended June 30, 2020. The charge is considered immaterial to our financial statements.