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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 4,160,453 $ 2,993,075 $ 10,568,581 $ 6,236,548
Cruise operating expenses:        
Total cruise operating expenses 2,136,860 1,966,449 5,884,641 4,831,310
Marketing, selling and administrative expenses 393,016 373,116 1,288,719 1,138,571
Depreciation and amortization expenses 365,473 355,085 1,086,923 1,046,094
Operating Income (Loss) 1,265,104 298,425 2,308,298 (779,427)
Other income (expense):        
Interest income 7,472 11,953 31,863 21,765
Interest expense, net of interest capitalized (340,620) (352,187) (1,055,519) (932,552)
Equity investment income 86,627 73,997 149,112 29,759
Other (expense) income (7,905) 780 (8,676) 4,699
Total other income (expense) (254,426) (265,457) (883,220) (876,329)
Net Income (Loss) 1,010,678 32,968 1,425,078 (1,655,756)
Less: Net Income attributable to noncontrolling interest 1,602 0 5,151 0
Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. $ 1,009,076 $ 32,968 $ 1,419,927 $ (1,655,756)
Earnings (Loss) per Share:        
Basic (in dollars per share) $ 3.94 $ 0.13 $ 5.55 $ (6.49)
Diluted (in dollars per share) $ 3.65 $ 0.13 $ 5.24 $ (6.49)
Weighted-Average Shares Outstanding:        
Basic (in shares) 256,188 255,071 255,822 254,953
Diluted (in shares) 281,876 255,378 283,847 254,953
Comprehensive Income (Loss)        
Net Income (Loss) $ 1,010,678 $ 32,968 $ 1,425,078 $ (1,655,756)
Other comprehensive income (loss):        
Foreign currency translation adjustments 11,495 11,498 1,686 31,958
Change in defined benefit plans 3,972 7,226 3,700 34,991
Gain (loss) on cash flow derivative hedges 19,561 (259,949) (7,148) (148,541)
Total other comprehensive income (loss) 35,028 (241,225) (1,762) (81,592)
Comprehensive Income (Loss) 1,045,706 (208,257) 1,423,316 (1,737,348)
Less: Comprehensive Income attributable to noncontrolling interest 1,602 0 5,151 0
Comprehensive Income (Loss) attributable to Royal Caribbean Cruises Ltd. 1,044,104 (208,257) 1,418,165 (1,737,348)
Passenger ticket revenues        
Total revenues 2,941,481 2,020,974 7,281,503 4,091,035
Onboard and other        
Total revenues 1,218,972 972,101 3,287,078 2,145,513
Cruise operating expenses:        
Total cruise operating expenses 261,225 220,216 640,175 450,225
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 632,075 484,054 1,551,012 964,256
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 293,629 304,369 887,999 981,128
Food        
Cruise operating expenses:        
Total cruise operating expenses 211,709 194,966 613,795 450,376
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 272,408 316,214 849,839 779,873
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 465,814 $ 446,630 $ 1,341,821 $ 1,205,452