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Royal Caribbean Cruises Ltd (RCL) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Royal Caribbean Cruises Ltd

CIK: 884887 Ticker: RCL
Exhibit 99.1
News From
Royal Caribbean Cruises Ltd.
Corporate Communications Office
1050 Caribbean Way, Miami, Florida 33132-2096
Contact:   Elizabeth Oates
(305) 982-2625
For Immediate Release

ROYAL CARIBBEAN REPORTS 2013 RESULTS AND PROVIDES 2014
GUIDANCE
 
MIAMI January 27, 2014 – Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today reported 2013 results and provided guidance for 2014.
 
 
KEY HIGHLIGHTS
Full Year 2013:
 
>  
Adjusted EPS was $2.40, $0.05 above the top end of the company’s previous guidance.  Strong close-in demand for Europe and Asia sailings coupled with continued strong performance in onboard revenue drove the improvement.  Adjusted Net Income was $530.6 million versus $432.2 million in 2012.
>  
Net yields increased 3.2% on a Constant-Currency basis (2.7% As Reported).
>  
Net Cruise Costs (“NCC”) excluding fuel increased 1.8% on a Constant-Currency basis (2.1% As Reported).
>  
The company recorded restructuring and related charges of $56.9 million for the full year, including $43.0 million in the fourth quarter.  These charges relate to the previously announced global restructuring actions and the pending sale of Pullmantur’s non-core businesses.
>  
US GAAP EPS and net income were $2.14 per share and $473.7 million, respectively, which include the $56.9 million of restructuring and related charges described in this release.
 
During the last earnings call, we stated that the company was seeking to divest Pullmantur’s non-core businesses to facilitate Pullmantur’s ability to focus on its cruise business and Latin America.  In December, the company reached an agreement to sell these non-core businesses, the closing of which is subject to customary conditions.  This disposition, combined with the previously announced global restructuring actions, resulted in a charge of $43.0 million in the fourth quarter ($56.9 million for the full year).  
 
 

The following information was filed by Royal Caribbean Cruises Ltd (RCL) on Monday, January 27, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Changes In Accumulated Other Comprehensive Income (loss)
Changes In Accumulated Other Comprehensive Income (loss) (changes By Component)(details)
Changes In Accumulated Other Comprehensive Income (loss) (reclassifications) (details)
Changes In Accumulated Other Comprehensive Income (loss) (tables)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (future Payments) (details)
Commitments And Contingencies (leases) (details)
Commitments And Contingencies (tables)
Earnings Per Share
Earnings Per Share (antidilutive Shares) (details)
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Measurements And Derivative Instruments
Fair Value Measurements And Derivative Instruments (balance Sheet) (details)
Fair Value Measurements And Derivative Instruments (credit Features) (details)
Fair Value Measurements And Derivative Instruments (derivative Instruments) (details)
Fair Value Measurements And Derivative Instruments (derivatives Not Designated As Hedging Instruments) (details)
Fair Value Measurements And Derivative Instruments (designated Cash Flow Hedges) (details)
Fair Value Measurements And Derivative Instruments (details)
Fair Value Measurements And Derivative Instruments (fuel Price Risk) (details)
Fair Value Measurements And Derivative Instruments (income Statement Hedging Instruments) (details)
Fair Value Measurements And Derivative Instruments (intangible And Long-lived Assets) (details)
Fair Value Measurements And Derivative Instruments (interest Rate Risk) (details)
Fair Value Measurements And Derivative Instruments (non-derivative Instruments) (details)
Fair Value Measurements And Derivative Instruments (non-derivative Net Investment) (details)
Fair Value Measurements And Derivative Instruments (recurring) (details)
Fair Value Measurements And Derivative Instruments (tables)
General
General (details)
Goodwill
Goodwill (details)
Goodwill (tables)
Income Taxes
Income Taxes (details)
Intangible Assets
Intangible Assets (details)
Intangible Assets (tables)
Long-term Debt
Long-term Debt (debt Maturities) (details)
Long-term Debt (details)
Long-term Debt (narrative) (details)
Long-term Debt (parenthetical) (details)
Long-term Debt (tables)
Other Assets
Other Assets (details)
Property And Equipment
Property And Equipment (details)
Property And Equipment (narrative) (details)
Property And Equipment (tables)
Quarterly Selected Financial Data (unaudited)
Quarterly Selected Financial Data (unaudited) (details)
Quarterly Selected Financial Data (unaudited) (tables)
Restructuring And Related Charges
Restructuring And Related Charges (details)
Restructuring And Related Charges (rollforwards) (details)
Restructuring And Related Charges (tables)
Retirement Plan
Retirement Plan (details)
Shareholders' Equity
Shareholders' Equity (details)
Stock-based Employee Compensation
Stock-based Employee Compensation (assumptions) (details)
Stock-based Employee Compensation (details)
Stock-based Employee Compensation (expense Recognized) (details)
Stock-based Employee Compensation (options Activity) (details)
Stock-based Employee Compensation (other Equity) (details)
Stock-based Employee Compensation (tables)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (passenger Ticket Revenues) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies (useful Lives Of Property And Equipment) (details)
Ticker: RCL
CIK: 884887
Form Type: 10-K Annual Report
Accession Number: 0000884887-14-000023
Submitted to the SEC: Thu Feb 20 2014 5:08:04 PM EST
Accepted by the SEC: Thu Feb 20 2014
Period: Tuesday, December 31, 2013
Industry: Water Transportation

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