RCL · XBRL financial data

Royal Caribbean Cruises financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (RCL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	2,209	1,532	8,841	13,900	16,484	17,935
Cost of goods and services sold	2,765	2,658	6,614	7,775	8,652	9,083
Selling, general and administrative	1,200	1,370	1,583	1,792	2,125	2,223
Operating income (loss)	(4,602)	(3,870)	(764)	2,878	4,106	4,910
Interest expense	844	1,292	1,364	1,402	1,590	992
Other income (expense)	(137)	20	(120)	(8)	103	17
Income tax expense (benefit)	—	(45)	4	6	46	82
Net income (loss)	(5,797)	(5,260)	(2,156)	1,697	2,877	4,268
Earnings per share, basic USD per share	(27.05)	(20.89)	(8.45)	6.63	11.00	15.75
Earnings per share, diluted USD per share	(27.05)	(20.89)	(8.45)	6.31	10.94	15.61
Weighted average shares, basic millions of shares	214	252	255	256	261	271
Weighted average shares, diluted millions of shares	214	252	255	283	279	274

Fiscal years (RCL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3,684	2,702	1,935	497	388	825
Inventory	119	150	224	248	265	264
Prepaid and other current assets	154	286	456	617	670	690
Total current assets	4,312	3,600	3,205	1,792	1,705	2,211
Property and equipment, net	25,247	25,908	27,546	30,114	31,831	35,696
Right-of-use asset	600	542	538	611	677	620
Goodwill	809	809	809	809	808	808
Total assets	32,465	32,258	33,776	35,131	37,070	41,619
Accounts payable	353	546	647	792	919	953
Accrued liabilities	616	888	1,071	1,478	1,635	2,026
Commercial paper	409	0	—	—	—	—
Total current liabilities	4,537	7,286	8,573	9,401	9,817	12,055
Lease liability, non-current	564	535	523	613	670	600
Total liabilities	23,705	27,173	30,908	30,232	29,335	31,374
Retained earnings (accumulated deficit)	5,563	302	(1,707)	(10)	2,612	5,925
Total stockholders' equity	8,761	5,086	2,869	4,724	7,563	10,037
Total liabilities and equity	32,465	32,258	33,776	35,131	37,070	41,619
Common shares outstanding (cover page) millions of shares	238	255	255	257	269	271

Fiscal years (RCL's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(5,797)	(5,260)	(2,156)	1,697	2,877	4,268
Stock-based compensation	40	64	36	126	267	175
Net cash from operating activities	(3,732)	(1,878)	482	4,477	5,265	6,465
Purchases of property and equipment	1,965	2,230	2,710	3,897	3,268	5,229
Net cash from investing activities	(2,179)	(2,145)	(2,988)	(3,923)	(3,446)	(5,012)
Share repurchases	0	0	—	0	0	1,159
Dividends paid	326	0	0	0	107	824
Proceeds from long-term debt	13,547	4,468	9,787	7,641	10,318	4,671
Repayments of long-term debt	3,845	2,297	7,729	9,566	11,651	3,534
Net cash from financing activities	9,350	3,041	1,741	(1,993)	(1,922)	(1,018)
Net change in cash	3,441	(983)	(767)	(1,438)	(109)	437

SIC 4400 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.

How peers are chosen

SIC 4400 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Fewer than three companies fall in that range, so the list adds same-SIC (4400) companies nearest in public float, each marked “added: same SIC”.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Royal Caribbean Cruises	851	5,591	1,580*	267.5M	—	Q3 FY26 10-QSep 30, 2026
Carnival	1,424	6,165	1,263	1.2B	—	Q1 FY26 10-QFeb 28, 2026
Carnival	1,220	8,435	1,410*	1.3B	—	Q3 FY26 10-QAug 31, 2026
Norwegian Cruise Line Holdingsadded: same SIC	257	2,947	292*	459.3M	—	Q3 FY26 10-QSep 30, 2026
Kirbyadded: same SIC	39	922	72*	52.8M	—	Q2 FY26 10-QJun 30, 2026
Matsonadded: same SIC	119	969	138*	29.9M	—	Q2 FY26 10-QJun 30, 2026
Tidewateradded: same SIC	614	342	67*	49.8M	—	Q2 FY26 10-QJun 30, 2026
International Seawaysadded: same SIC	159	467	268*	49.5M	—	Q2 FY26 10-QJun 30, 2026
Odyssey Marine Explorationadded: same SIC	1.1	0.1	(6)*	2.3M	0.2 quarters	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.