XML 14 R3.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 437 $ 497
Trade and other receivables, net of allowances of $9 and $7 at March 31, 2024 and December 31, 2023, respectively 455 405
Inventories 236 248
Prepaid expenses and other assets 690 617
Derivative financial instruments 52 25
Total current assets 1,870 1,792
Property and equipment, net 30,025 30,114
Operating lease right-of-use assets 599 611
Goodwill 809 809
Other assets, net of allowances of $43 at March 31, 2024 and December 31, 2023. 1,887 1,805
Total assets 35,190 35,131
Current liabilities    
Current portion of long-term debt 1,643 1,720
Current portion of operating lease liabilities 63 65
Accounts payable 876 792
Accrued expenses and other liabilities 1,236 1,478
Derivative financial instruments 47 35
Customer deposits 6,040 5,311
Total current liabilities 9,905 9,401
Long-term debt 18,876 19,732
Long-term operating lease liabilities 603 613
Other long-term liabilities 481 486
Total liabilities 29,865 30,232
Shareholders’ equity    
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding) 0 0
Common stock ($0.01 par value; 500,000,000 shares authorized; 285,814,489 and 284,672,386 shares issued, March 31, 2024 and December 31, 2023, respectively) 3 3
Paid-in capital 7,496 7,474
Retained earnings (accumulated deficit) 350 (10)
Accumulated other comprehensive loss (617) (674)
Treasury stock (28,468,430 and 28,248,125 common shares at cost, March 31, 2024 and December 31, 2023, respectively) (2,081) (2,069)
Total shareholders’ equity attributable to Royal Caribbean Cruises Ltd. 5,151 4,724
Noncontrolling Interests 174 175
Total shareholders’ equity 5,325 4,899
Total liabilities and shareholders’ equity $ 35,190 $ 35,131