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Royal Caribbean Cruises Ltd (RCL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

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: Carol Cabezas
(305) 982-2625
For Immediate Release
 
ROYAL CARIBBEAN REPORTS SECOND YEAR OF 40%+ INCREASE IN
ADJUSTED EARNINGS AND ANTICIPATES $6 EPS IN 2016
 
MIAMI February 2, 2016 – Royal Caribbean Cruises Ltd. (NYSE, OSE: RCL) today reported 2015 results and provided guidance for 2016.  Continuing on its
Double-Double trajectory, the company’s adjusted earnings for 2015 were $4.83 per share - up 42% over 2014, and are expected to further increase to  $5.90 - $6.10 in 2016.
 
KEY HIGHLIGHTS
 
Full Year 2015:
 
>  
Net Yields were up 3.5% on a Constant-Currency basis (down 1.0% As-Reported).
>  
Net Cruise Costs (“NCC”) excluding fuel were down 0.6% on a Constant-Currency basis (down 3.2% As-Reported).
>  
Adjusted Net Income was better than guidance at $1.07 billion, or $4.83 per share, versus Adjusted Net Income of $755.7 million, or $3.39 per share, in 2014. US GAAP Net Income was $665.8 million or $3.02 per share, versus $764.1 million, or $3.43 per share in 2014.
 
Full Year 2016 Outlook:
 
>  
Net Yields are expected to increase 2.0% to 4.0% on a Constant-Currency basis (in the range of flat to up 2% As-Reported).
>  
NCC excluding fuel are expected to be up 1% or less on a Constant-Currency basis (up 0.5% or less As-Reported).
>  
Adjusted EPS for 2016 is expected to be in the range of $5.90 - $6.10 per share.
>  
In the second quarter of 2016, Royal Caribbean International will take delivery of Ovation of the Seas, third in the highly successful Quantum class of vessels.  Also debuting during the second quarter is Harmony of the Seas, third in the groundbreaking Oasis class. Splendour of the Seas will leave the Royal Caribbean fleet in April.  During the summer, TUI Cruises, the company’s German joint venture, will take delivery of its third new build, Mein Schiff 5.

 
 

The following information was filed by Royal Caribbean Cruises Ltd (RCL) on Tuesday, February 2, 2016 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)
Indefinite-lived Intangible Assets (details)
Intangible Assets
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)
Other Assets Equity Method Investee (details)
Other Assets Other Assets (table)
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 (tables)
Retirement Plan
Retirement Plan (details)
Shareholders' Equity
Shareholders' Equity (details)
Stock-based Employee Compensation
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: 0000884887-16-000126
Submitted to the SEC: Mon Feb 22 2016 9:04:35 AM EST
Accepted by the SEC: Mon Feb 22 2016
Period: Thursday, December 31, 2015
Industry: Water Transportation

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