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Royal Caribbean Cruises Ltd. (RCL)
NYSE: RCL · Real-Time Price · USD
245.81
-3.93 (-1.57%)
At close: Sep 18, 2026, 4:00 PM EDT
246.75
+0.94 (0.38%)
After-hours: Sep 18, 2026, 7:57 PM EDT

Royal Caribbean Cruises Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,3984,2682,8771,697-2,156-5,260
Depreciation & Amortization
1,8141,7181,6001,4551,4071,293
Other Amortization
659798109163249
Loss (Gain) on Equity Investments
-146-150-231-189-57135
Stock-Based Compensation
1511752671263664
Other Operating Activities
210-26450108115161
Change in Accounts Receivable
-90-35299-234-182
Change in Inventory
-20--17-24-74-35
Change in Accounts Payable
92712012475189
Change in Other Net Operating Assets
395359499721,2061,508
Operating Cash Flow
6,7866,4655,2654,477481-1,878
Operating Cash Flow Growth
18.29%22.79%17.60%830.77%--

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-7,202-5,229-3,268-3,897-2,710-2,230
Sale of Property, Plant & Equipment
-----176
Investment in Securities
-72-106-67-31--70
Other Investing Activities
206323-1115-277-21
Investing Cash Flow
-7,068-5,012-3,446-3,923-2,987-2,145

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-4,67110,3187,6419,7874,468
Total Debt Issued
9,6574,67110,3187,6419,7874,468
Short-Term Debt Repaid
------415
Long-Term Debt Repaid
--3,534-11,651-9,566-7,729-2,297
Total Debt Repaid
-5,782-3,534-11,651-9,566-7,729-2,712
Net Debt Issued (Repaid)
3,8751,137-1,333-1,9252,0581,756
Issuance of Common Stock
-----1,622
Repurchase of Common Stock
-2,082-1,159----
Common Dividends Paid
-1,150-824-107---
Other Financing Activities
-215-172-482-68-317-337
Financing Cash Flow
428-1,018-1,922-1,9931,7413,041

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-62-61-2-
Net Cash Flow
140437-109-1,438-767-982

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-4161,2361,997580-2,229-4,108
Free Cash Flow Growth
--38.11%244.31%---
Free Cash Flow Margin
-2.23%6.89%12.12%4.17%-25.21%-268.15%
Free Cash Flow Per Share
-1.534.517.162.05-8.74-16.30
Levered Free Cash Flow
-1,516-197.631,072-11.88-1,316-2,204
Unlevered Free Cash Flow
-960315.381,679679.75-684.86-1,645

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
8528641,2101,442960834
Change in Working Capital
2943832041,1719731,480
SEC Filings: 10-K · 10-Q