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Royal Caribbean Cruises Ltd. (RCL)
NYSE: RCL · Real-Time Price · USD
333.15
+19.98 (6.38%)
At close: Nov 4, 2026, 4:00 PM EST
331.94
-1.21 (-0.36%)
Pre-market: Nov 5, 2026, 4:04 AM EST

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
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,5524,2682,8771,697-2,156-5,260
Depreciation & Amortization
1,8681,7181,6001,4551,4071,293
Other Amortization
419798109163249
Loss (Gain) on Equity Investments
-119-150-231-189-57135
Stock-Based Compensation
1331752671263664
Other Operating Activities
232-26450108115161
Change in Accounts Receivable
-78-35299-234-182
Change in Inventory
-36--17-24-74-35
Change in Accounts Payable
672712012475189
Change in Other Net Operating Assets
237359499721,2061,508
Operating Cash Flow
6,8976,4655,2654,477481-1,878
Operating Cash Flow Growth
9.32%22.79%17.60%830.77%--

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-5,387-5,229-3,268-3,897-2,710-2,230
Sale of Property, Plant & Equipment
-----176
Investment in Securities
-61-106-67-31--70
Other Investing Activities
137323-1115-277-21
Investing Cash Flow
-5,311-5,012-3,446-3,923-2,987-2,145

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-4,67110,3187,6419,7874,468
Total Debt Issued
8,7364,67110,3187,6419,7874,468
Short-Term Debt Repaid
------415
Long-Term Debt Repaid
--3,534-11,651-9,566-7,729-2,297
Total Debt Repaid
-6,695-3,534-11,651-9,566-7,729-2,712
Net Debt Issued (Repaid)
2,0411,137-1,333-1,9252,0581,756
Issuance of Common Stock
-----1,622
Repurchase of Common Stock
-1,667-1,159----
Common Dividends Paid
-1,347-824-107---
Other Financing Activities
-188-172-482-68-317-337
Financing Cash Flow
-1,161-1,018-1,922-1,9931,7413,041

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-62-61-2-
Net Cash Flow
419437-109-1,438-767-982

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,5101,2361,997580-2,229-4,108
Free Cash Flow Growth
-25.80%-38.11%244.31%---
Free Cash Flow Margin
7.89%6.89%12.12%4.17%-25.21%-268.15%
Free Cash Flow Per Share
5.604.517.162.05-8.74-16.30
Levered Free Cash Flow
-50-197.631,072-11.88-1,316-2,204
Unlevered Free Cash Flow
544315.381,679679.75-684.86-1,645

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
8948641,2101,442960834
Change in Working Capital
1903832041,1719731,480
SEC Filings: 10-K · 10-Q