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
Trading Asset Securities	-	-	1	-	6.48
Cash & Short-Term Investments	825	388	498	1,935	2,708
Cash Growth	112.63%	-22.09%	-74.26%	-28.55%	-26.50%
Accounts Receivable	317	354	386	513	386.56
Receivables	317	371	405	531	408.07
Inventory	264	265	248	224	150.22
Prepaid Expenses	690	670	617	456	286.03
Other Current Assets	115	11	24	59	47.71
Total Current Assets	2,211	1,705	1,792	3,205	3,600
Property, Plant & Equipment	36,316	32,508	30,725	28,084	26,450
Long-Term Investments	-	58	75	115	-
Goodwill	808	808	809	809	809.38
Other Intangible Assets	-	404	418	426	434.56
Long-Term Accounts Receivable	-	161	167	168	52.9
Other Long-Term Assets	2,284	1,305	1,059	886	802.09
Total Assets	41,619	37,070	35,131	33,776	32,258
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	1,596	1,694	2,054	2,192
Current Portion of Leases	90	81	91	114	120.39
Current Unearned Revenue	-	222	-	-	-
Other Current Liabilities	5,806	5,364	5,346	4,299	3,288
Total Current Liabilities	12,055	9,817	9,401	8,573	7,286
Long-Term Debt	18,165	18,363	19,389	20,986	18,488
Long-Term Leases	600	780	956	840	955.53
Other Long-Term Liabilities	554	375	486	508	443.1
Total Liabilities	31,374	29,335	30,232	30,907	27,173
Common Stock	3	3	3	3	2.83
Additional Paid-In Capital	7,964	7,831	7,474	7,285	7,557
Retained Earnings	5,925	2,612	-10	-1,707	302.28
Treasury Stock	-3,251	-2,081	-2,069	-2,068	-2,066
Comprehensive Income & Other	-604	-802	-674	-644	-710.89
Total Common 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	21,756
Net Cash (Debt)	-21,210	-20,432	-21,632	-22,059	-19,048
Net Cash Per Share	-77.41	-73.23	-76.44	-86.51	-75.59
Filing Date Shares Outstanding	270.42	269.13	256.65	255.35	255
Total Common Shares Outstanding	270.42	268.9	256.42	255.24	254.82
Working Capital	-9,844	-8,112	-7,609	-5,368	-3,685
Book Value Per Share	37.12	28.13	18.42	11.24	19.96
Tangible Book Value	9,229	6,351	3,497	1,634	3,842
Tangible Book Value Per Share	34.13	23.62	13.64	6.40	15.08
Land	-	887	763	772	746.79
Machinery	-	45,205	40,109	38,242	35,160
Construction In Progress	-	1,048	3,052	1,061	1,180

Source: S&P Global Market Intelligence. Standard template. Financial Sources.