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Royal Caribbean Cruises Ltd (RCL) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Royal Caribbean Cruises Ltd

CIK: 829224 Ticker: RCL
Exhibit 99.1
News From
Royal Caribbean Cruises Ltd.
Corporate Communications Office
1050 Caribbean Way, Miami, Florida 33132-2096
Contact: Laura Hodges
(305) 982-2625
For Immediate Release

ROYAL CARIBBEAN REPORTS 2014 RESULTS AND
PROVIDES 2015 GUIDANCE

MIAMI January 29, 2015 – Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today reported 2014 results and provided increased guidance for 2015. Following its
Double-Double trajectory, the company’s earnings for 2014 were up more than 40% over 2013 and are expected to be up a further 40% in 2015.
 
KEY HIGHLIGHTS
 
Full Year 2014:
 
>  
Net Yields were up 2.4% on a Constant-Currency basis (up 1.4% As-Reported).
>  
Net Cruise Costs (“NCC”) excluding fuel were down 0.6% on a Constant-Currency basis (down 0.8% As-Reported).
>  
Adjusted Net Income was $755.7 million, or $3.39 per share, versus Adjusted Net Income of $539.2 million, or $2.44 per share, in 2013.
>  
In the fourth quarter, the US Dollar strengthened significantly and the price of crude oil fell dramatically in world markets, but the price at-the-pump fell more slowly.  The net effect of both factors on the company was a reduction in EPS of $0.07 per share since October.
>  
Operationally, results were on target, but close-in bookings were at the low end of the scale whereas 2013’s very robust pattern was unusually strong. These weaker bookings were offset by improved expenses and equity investments.
>  
US GAAP Net Income was $764.1 million or $3.43 per share, versus $473.7 million, or $2.14 per share in 2013.
 
Full Year 2015 Outlook:
 
>  
Net Yields are expected to increase 2.5% to 4.5% on a Constant-Currency basis (in the range of down 0.5% to up 1.5% As-Reported).
>  
NCC excluding fuel are expected to be up 1% or better on a Constant-Currency basis (down 1.5% to 0.5% As-Reported).
>  
Adjusted EPS for 2015 is expected to be in the range of $4.65 to $4.85 per share –

 
 

The following information was filed by Royal Caribbean Cruises Ltd (RCL) on Thursday, January 29, 2015 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 (offsetting Of Derivative Instruments) (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 (long-term Debt Phantom) (details)
Long-term Debt (narrative) (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: 0000884887-15-000025
Submitted to the SEC: Mon Feb 23 2015 4:37:43 PM EST
Accepted by the SEC: Mon Feb 23 2015
Period: Wednesday, December 31, 2014
Industry: Water Transportation

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