Royal Caribbean Cruises Ltd. (RCL)

Royal Caribbean Cruises Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	3,247	2,877	1,697	-2,156	-5,260	-5,797
Depreciation & Amortization	1,625	1,600	1,455	1,407	1,293	1,279
Other Amortization	95	98	109	163	249	156.22
Asset Writedown & Restructuring Costs	-	-	-	-	-	1,566
Loss (Gain) on Equity Investments	-267	-260	-200	-57	135	213.29
Stock-Based Compensation	275	267	126	36	64	39.78
Other Operating Activities	300	479	119	115	161	142.16
Change in Accounts Receivable	32	52	99	-234	-182	121.06
Change in Inventory	-20	-17	-24	-74	-35	27.08
Change in Accounts Payable	64	120	124	75	189	-133.82
Change in Other Net Operating Assets	213	49	972	1,206	1,508	-1,346
Operating Cash Flow	5,564	5,265	4,477	481	-1,878	-3,732
Operating Cash Flow Growth	23.78%	17.60%	830.77%	-	-	-
Capital Expenditures	-3,454	-3,268	-3,897	-2,710	-2,230	-1,965
Sale of Property, Plant & Equipment	-	-	-	-	176	27.8
Investment in Securities	-84	-67	-31	-	-70	-100.61
Other Investing Activities	-52	-111	5	-277	-21	-140.62
Investing Cash Flow	-3,590	-3,446	-3,923	-2,987	-2,145	-2,179
Short-Term Debt Issued	-	-	-	-	-	6,766
Long-Term Debt Issued	-	10,318	7,641	9,787	4,468	13,547
Total Debt Issued	8,619	10,318	7,641	9,787	4,468	20,313
Short-Term Debt Repaid	-	-	-	-	-415	-7,838
Long-Term Debt Repaid	-	-11,651	-9,566	-7,729	-2,297	-3,845
Total Debt Repaid	-9,765	-11,651	-9,566	-7,729	-2,712	-11,683
Net Debt Issued (Repaid)	-1,146	-1,333	-1,925	2,058	1,756	8,630
Issuance of Common Stock	-	-	-	-	1,622	1,431
Repurchase of Common Stock	-241	-	-	-	-	-
Common Dividends Paid	-255	-107	-	-	-	-326.42
Other Financing Activities	-380	-482	-68	-317	-337	-385.4
Financing Cash Flow	-2,022	-1,922	-1,993	1,741	3,041	9,350
Foreign Exchange Rate Adjustments	-3	-6	1	-2	-	1.17
Net Cash Flow	-51	-109	-1,438	-767	-982	3,441
Free Cash Flow	2,110	1,997	580	-2,229	-4,108	-5,697
Free Cash Flow Growth	247.04%	244.31%	-	-	-	-
Free Cash Flow Margin	12.59%	12.11%	4.17%	-25.21%	-268.15%	-257.91%
Free Cash Flow Per Share	7.60	7.16	2.05	-8.74	-16.30	-26.58
Cash Interest Paid	1,078	1,210	1,442	960	834	418.16
Levered Free Cash Flow	1,199	1,067	-11.88	-1,316	-2,204	-4,762
Unlevered Free Cash Flow	1,765	1,674	679.75	-684.86	-1,645	-4,391
Change in Net Working Capital	-621	-501	-1,187	-1,053	-1,645	1,880

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q