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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenues $ 4,110 $ 3,523 $ 7,838 $ 6,408
Cruise operating expenses:        
Total cruise operating expenses 2,152 1,955 4,209 3,747
Marketing, selling and administrative expenses 466 435 1,001 896
Depreciation and amortization expenses 393 362 780 721
Operating Income 1,099 771 1,848 1,044
Other income (expense):        
Interest income 4 10 9 24
Interest expense, net of interest capitalized (298) (355) (721) (714)
Equity investment income 56 42 97 62
Other expense (3) (5) (11) (1)
Total other income (expense) (241) (308) (626) (629)
Net Income 858 463 1,222 415
Less: Net Income attributable to noncontrolling interest 4 4 8 4
Net Income attributable to Royal Caribbean Cruises Ltd. $ 854 $ 459 $ 1,214 $ 411
Earnings per Share:        
Basic (in dollars per share) $ 3.32 $ 1.79 $ 4.72 $ 1.61
Diluted (in dollars per share) $ 3.11 $ 1.70 $ 4.46 $ 1.60
Weighted-Average Shares Outstanding:        
Basic (in shares) 257 256 257 256
Diluted (in shares) 281 282 281 259
Comprehensive Income (Loss)        
Net Income $ 858 $ 463 $ 1,222 $ 415
Other comprehensive income (loss):        
Foreign currency translation adjustments 6 (3) 10 (10)
Change in defined benefit plans (12) (3) (3) 0
(Loss) gain on cash flow derivative hedges (31) 5 13 (27)
Total other comprehensive income (loss) (37) (1) 20 (37)
Comprehensive Income 821 462 1,242 378
Less: Comprehensive Income attributable to noncontrolling interest 4 4 8 4
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 817 458 1,234 374
Passenger ticket revenues        
Total revenues 2,887 2,444 5,429 4,340
Onboard and other revenues        
Total revenues 1,223 1,079 2,409 2,068
Cruise operating expenses:        
Total cruise operating expenses 244 220 437 379
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 572 516 1,070 919
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 313 284 631 594
Food        
Cruise operating expenses:        
Total cruise operating expenses 225 203 446 402
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 282 276 586 577
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 516 $ 456 $ 1,039 $ 876