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Royal Caribbean Cruises Ltd. (RCL)
NYSE: RCL · Real-Time Price · USD
318.30
-3.64 (-1.13%)
At close: Jul 31, 2026, 4:00 PM EDT
315.50
-2.80 (-0.88%)
After-hours: Jul 31, 2026, 7:59 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
4,4274,2912,8961,704-2,156-5,260
Depreciation & Amortization
1,8141,7181,6001,4551,4071,293
Stock-Based Compensation
1511752671263664
Other Adjustments
-253-33237011278479
Change in Receivables
-90-35299-234-182
Changes in Inventories
-20--17-24-74-35
Changes in Accounts Payable
92712012475189
Changes in Accrued Expenses
130216-13352233
Changes in Unearned Revenue
3562431861,1431,0071,427
Changes in Other Operating Activities
-3130-217-166-210-86
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
Purchases of Investments
-72-106-67-31--70
Proceeds from Sale of Investments
56---1931
Other Investing Activities
165323-1115-296-52
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
Short-Term Debt Repaid
------415
Net Short-Term Debt Issued (Repaid)
------415
Long-Term Debt Issued
9,6574,67110,3187,6419,7874,468
Long-Term Debt Repaid
-5,782-3,536-11,943-9,646-7,778-2,432
Net Long-Term Debt Issued (Repaid)
3,8751,135-1,625-2,0052,0092,036
Issuance of Common Stock
-----1,622
Repurchase of Common Stock
-1,953-1,159----
Net Common Stock Issued (Repurchased)
-1,953-1,159---1,622
Common Dividends Paid
-1,150-824-107---
Other Financing Activities
-344-170-19012-268-202
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%---
FCF Margin
-2.23%6.89%12.11%4.17%-25.21%-268.15%
Free Cash Flow Per Share
-1.534.517.162.05-8.74-16.30
Levered Free Cash Flow
3,3572,508-344-1,660-300-2,848
Unlevered Free Cash Flow
1881,9232,4461,516-919-3,079
SEC Filings: 10-K · 10-Q