Royal Caribbean Cruises Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	825	388	497	1,935	2,702
Cash & Short-Term Investments	825	388	497	1,935	2,702
Cash Growth	112.63%	-21.93%	-74.31%	-28.38%	-26.67%
Accounts Receivable	317	371	405	531	408.07
Inventory	264	265	248	224	150.22
Other Current Assets	6,544	6,177	5,953	4,683	3,501
Total Current Assets	7,950	7,201	7,103	7,373	6,761
Net Property, Plant & Equipment	36,316	32,508	30,725	28,084	26,450
Goodwill	808	808	809	809	809.38
Other Long-Term Assets	2,284	2,049	1,805	1,678	1,399
Total Assets	47,358	42,566	40,442	37,944	35,419
Accounts Payable	953	919	792	647	545.98
Accrued Expenses	2,026	1,635	1,478	1,459	1,140
Current Portion of Long-Term Debt	3,180	1,603	1,720	2,088	2,243
Current Portion of Leases	90	74	65	80	68.92
Unearned Revenue	5,739	5,496	5,311	4,168	3,161
Other Current Liabilities	67	90	35	131	127.24
Total Current Liabilities	12,055	9,817	9,401	8,573	7,286
Long-Term Debt	18,165	18,473	19,732	21,303	18,847
Long-Term Leases	600	670	613	523	534.73
Other Long-Term Liabilities	554	375	486	508	505.18
Total Long-Term Liabilities	19,319	19,518	20,831	22,334	19,887
Total Liabilities	31,374	29,335	30,232	30,907	27,173
Common Stock	3	3	3	3	2.83
Treasury Stock	-3,251	-2,081	-2,069	-2,068	-2,066
Additional Paid-in Capital	7,964	7,831	7,474	7,285	7,557
Accumulated Other Comprehensive Income	-604	-802	-674	-644	-710.89
Retained Earnings	5,925	2,612	-10	-1,707	302.28
Total Common Shareholders' Equity	10,037	7,563	4,724	2,869	5,086
Minority Interest	208	172	175	-	-
Shareholders' Equity	10,245	7,735	4,899	2,869	5,086
Total Liabilities & Equity	41,619	37,070	35,131	33,776	32,258
Total Debt	22,035	20,820	22,130	23,994	21,694
Net Cash (Debt)	-21,210	-20,432	-21,633	-22,059	-18,992
Net Cash Per Share	-77.41	-73.23	-76.44	-86.51	-75.37
Book Value	10,037	7,563	4,724	2,869	5,086
Book Value Per Share	36.63	27.11	16.69	11.25	20.18
Tangible Book Value	9,229	6,755	3,915	2,060	4,276
Tangible Book Value Per Share	33.68	24.21	13.83	8.08	16.97

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.