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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
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Adjusted Earnings per Share ("Adjusted EPS") represents Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. divided by weighted average shares outstanding or by diluted weighted average shares outstanding, as applicable.
. The increase was primarily due to transaction costs incurred by us related to the Silversea Cruises acquisition, marketing, selling and administrative expenses due to the addition of Silversea Cruises, the impairment and other costs related to the exit of our tour operations business, which occurred in 2018, and an increase in payroll and benefits expense primarily driven by an increase in headcount, partially offset by lower stock prices year over year related to our performance share awards, as well as higher spending on advertisemen
Gross Yields and Net Yields were calculated as follows (in thousands, except APCD and Yields: Gross Cruise Costs, Net Cruise Costs and Net Cruise Costs Excluding Fuel were calculated as follows (in thousands, except APCD and costs per APCD): ___________________________________________________________________ (1) For the year ended December 31, 2019, the amount does not include integration costs related to the Silversea Cruises acquisition of $0.9 million, transaction costs related to the Silversea Cruises acquisition of $1.2 million and restructuring and other initiative costs of $13.7 million.
Consistent with our earnings growth, we also announced a 11% increase to our common stock dividend, our seventh consecutive year with a dividend increase.
. The increase was primarily attributable to an increase in capital expenditures of $3.1 billion primarily due to the delivery of Symphony of the Seas and Celebrity Edge and to a lesser extent the purchase of Azamara Pursuit in 2018 compared to no ship deliveries or purchases in 2017 and $916.1 million of cash paid for the acquisition of Silversea Cruises, net of cash acquired, in 2018 as well as $230.0 million of proceeds received from the sale of property and equipment in 2017, which did not recur in 201
. The increase in Passenger...Read more
Improvement costs that we believe...Read more
. The increase was primarily...Read more
Onboard revenue and Net onboard...Read more
The estimated negative impact resulting...Read more
. The increase in cash...Read more
We have not provided a...Read more
Excluding the impact of the...Read more
If the fair value of...Read more
. RankingQ1Q2Q3Q4YTD 20201AUDGBPGBPAUDGBP2CADCADCNHGBPAUD3GBPAUDEURCADCAD4BRLCNHCADEURCNH5MXNEURAUDCNHEUR Ranking Q1...Read more
The estimated negative impact resulting...Read more
Total cruise operating expenses, excluding...Read more
We believe Net Yields, Net...Read more
. Depreciation and Amortization Expenses...Read more
. Depreciation and Amortization Expenses...Read more
. Net cash provided by...Read more
. Net cash provided by...Read more
. Net cash used in...Read more
We utilize Net Revenues and...Read more
A reconciliation of historical Gross...Read more
The program includes five goals...Read more
. Additionally, dividends received from...Read more
Effective June 5th, 2019, we...Read more
. These contingencies generally relate...Read more
The addition of new vessels...Read more
In addition to the items...Read more
. Our cost of fuel...Read more
Adjusted EPS for 2019, on...Read more
Adjusted Net Income represents net...Read more
These non-GAAP financial measures are...Read more
Effective fourth quarter of 2019,...Read more
We believe our most critical...Read more
Changes in guest sourcing and...Read more
These goals have been put...Read more
. Cruise Operating Expenses Total...Read more
Total revenues increased $1.5 billion...Read more
However, should certain factors or...Read more
The effect of changes in...Read more
. The increase in expense...Read more
We have implemented several measures...Read more
. The increase in cash...Read more
We were able to achieve...Read more
. The increase was partially...Read more
To that base, we add...Read more
Cruise operating expenses increased $801.0...Read more
. The increase in Onboard...Read more
Goodwill is recognized as the...Read more
Other intangible assets assigned finite...Read more
. Cruise Operating Expenses Total...Read more
. Additionally, 2017 includes the...Read more
. The decrease was primarily...Read more
Onboard and other revenues also...Read more
. Debt denominated in other...Read more
. (6) Debt denominated in...Read more
. Passenger ticket revenues increased...Read more
. Passenger ticket revenues increased...Read more
. As of December 31,...Read more
. The increase was partially...Read more
While it is typically very...Read more
. The remaining 28.3% of...Read more
. The remaining 28.5% of...Read more
. Based on our highest...Read more
. The change was primarily...Read more
. Gross and Net Cruise...Read more
. Gross and Net Cruise...Read more
Liability-classified contingent consideration is remeasured...Read more
. Revenues Total revenues for...Read more
. Revenues Total revenues for...Read more
. As of December 31,...Read more
In measuring our ability to...Read more
. Equity investment income increased...Read more
. As of December 31,...Read more
. The change of $875.7...Read more
. The change of $16.4...Read more
The Company remains focused on...Read more
In addition, we recently announced...Read more
Due to significant uncertainty, we...Read more
The impairment review for indefinite-life...Read more
Quoted market prices are often...Read more
As of December 31, 2019...Read more
. The increase was primarily...Read more
. Gross and Net Yields...Read more
. Gross and Net Yields...Read more
If we had reduced our...Read more
. The cash received as...Read more
The estimated negative impact resulting...Read more
. The specific covenants and...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Royal Caribbean Cruises Ltd provided additional information to their SEC Filing as exhibits
Ticker: RCL
CIK: 884887
Form Type: 10-K Annual Report
Accession Number: 0000884887-20-000009
Submitted to the SEC: Tue Feb 25 2020 5:13:38 PM EST
Accepted by the SEC: Tue Feb 25 2020
Period: Tuesday, December 31, 2019
Industry: Water Transportation