Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2024

Note 4. Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share is as follows (in millions, except per share data):


	Quarter Ended March 31,
	2024		2023
Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. for basic earnings (loss) per share	$	360	$	(48)
Add convertible notes interest	19		—
Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. for diluted earnings (loss) per share	379		(48)
Weighted-average common shares outstanding	257		255
Dilutive effect of stock-based awards	1		—
Dilutive effect of convertible notes	23		—
Diluted weighted-average shares outstanding	281		255
Basic earnings (loss) per share	$	1.40	$	(0.19)
Diluted earnings (loss) per share	$	1.35	$	(0.19)

There were no antidilutive shares for the quarter ended March 31, 2024, compared to 30,994,718 antidilutive shares from our stock-based awards and convertible notes for the quarter ended March 31, 2023