Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/884887/000088488720000037/rcl-20200630.htm
SEC Filings
RCL Annual Reports
10-K Annual Report February 2023
10-K Annual Report March 2022
10-K Annual Report February 2021
10-K Annual Report February 2020
10-K Annual Report February 2019
10-K Annual Report February 2018
10-K Annual Report February 2017
10-K Annual Report February 2016
10-K Annual Report February 2015
10-K Annual Report February 2014
10-K Annual Report February 2023
10-K Annual Report March 2022
10-K Annual Report February 2021
10-K Annual Report February 2020
10-K Annual Report February 2019
10-K Annual Report February 2018
10-K Annual Report February 2017
10-K Annual Report February 2016
10-K Annual Report February 2015
10-K Annual Report February 2014
RCL Quarterly Reports
10-Q Quarterly Report October 2023
10-Q Quarterly Report July 2023
10-Q Quarterly Report May 2023
10-Q Quarterly Report November 2022
10-Q Quarterly Report July 2022
10-Q Quarterly Report May 2022
10-Q Quarterly Report October 2021
10-Q Quarterly Report August 2021
10-Q Quarterly Report April 2021
10-Q Quarterly Report November 2020
10-Q Quarterly Report October 2023
10-Q Quarterly Report July 2023
10-Q Quarterly Report May 2023
10-Q Quarterly Report November 2022
10-Q Quarterly Report July 2022
10-Q Quarterly Report May 2022
10-Q Quarterly Report October 2021
10-Q Quarterly Report August 2021
10-Q Quarterly Report April 2021
10-Q Quarterly Report November 2020
RCL Corporate News
Earnings Release
Financial Exhibit October 2023
Financial Exhibit
New Agreement
New Financial Obligation
Other Events October 2023
Earnings Release
Financial Exhibit July 2023
Vote of Security Holders June 2023
Earnings Release
Financial Exhibit May 2023
Event for Officers
Financial Exhibit
Regulated Disclosure April 2023
Event for Officers
Financial Exhibit
Regulated Disclosure March 2023
Financial Exhibit
New Agreement
New Financial Obligation
Other Events February 2023
Financial Exhibit
Other Events February 2023
Financial Exhibit
Other Events February 2023
Earnings Release
Financial Exhibit
Financial Exhibit
October 2023
Financial Exhibit
New Agreement
New Financial Obligation
Other Events
New Agreement
New Financial Obligation
Other Events
October 2023
Earnings Release
Financial Exhibit
Financial Exhibit
July 2023
Vote of Security Holders
June 2023
Earnings Release
Financial Exhibit
Financial Exhibit
May 2023
Event for Officers
Financial Exhibit
Regulated Disclosure
Financial Exhibit
Regulated Disclosure
April 2023
Event for Officers
Financial Exhibit
Regulated Disclosure
Financial Exhibit
Regulated Disclosure
March 2023
Financial Exhibit
New Agreement
New Financial Obligation
Other Events
New Agreement
New Financial Obligation
Other Events
February 2023
Financial Exhibit
Other Events
Other Events
February 2023
Financial Exhibit
Other Events
Other Events
February 2023
Last10K.com | 10-Q Quarterly Report Mon Aug 10 2020
Exhibit 99.1
FOR IMMEDIATE RELEASE
Royal Caribbean Group provides business update and reports on second quarter 2020
MIAMI – August 10, 2020 – Royal Caribbean Group (NYSE: RCL) today reported financial results for the second quarter of 2020 and commented on the business in light of the global COVID-19 pandemic.
Second Quarter 2020
Starting on March 13, 2020 and due to the COVID-19 pandemic, the Company suspended its global cruise operation. This resulted in the cancellation of all of the Company’s second quarter sailings.
The Company reported US GAAP Net Loss for the second quarter of 2020 of $(1.6) billion or $(7.83) per share compared to US GAAP Net Income of $472.8 million or $2.25 per share in the prior year. The 2020 results include a non-cash asset impairment loss of $156.5 million. The Company reported Adjusted Net Loss of $(1.3) billion or $(6.13) per share for the second quarter of 2020 compared to Adjusted Net Income of $532.7 million or $2.54 per share in the prior year. The Net Loss for the quarter is a result of the impact of the COVID-19 pandemic on the business.
1
The following information was filed by Royal Caribbean Cruises Ltd (RCL) on Monday, August 10, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one quarter to another to evaluate Royal Caribbean Cruises Ltd's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Royal Caribbean Cruises Ltd.
Assess how Royal Caribbean Cruises Ltd's management team is paid from their Annual Proxy
Royal Caribbean Cruises Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:
- Voting Procedures
- Board Members
- Executive Team
- Salaries, Bonuses, Perks
- Peers / Competitors
SEC Filing Tools
Rating
Learn More
Filter Sentiment:
Filter Category:
Filter Subcategory:
-
Financial - Cash Flow Highlight
Events surrounding the COVID-19 pandemic negatively impacted the expected undiscounted cash flows of these assets.
-
Financial - Cash Flow Highlight
Impairment and Credit Losses For the six months ended June 30, 2020, as a result of the current and expected ongoing impact of the COVID-19 pandemic on our operations and cash flows, we recorded total impairment and credit losses of $1.3 billion, most of which was recorded during the three months ended March 31, 2020, related to the impairment of goodwill, intangibles, long-lived assets and credit losses related to the sale of our property and equipment.
-
Financial - Cash Flow Highlight
Impairment and Credit Losses During the quarter ended June 30, 2020, as a result of the current and expected ongoing impact of the COVID-19 pandemic on our operations and cash flows, we recorded total impairment and credit losses of $156.5 million related to the impaired value of certain of long-lived assets and due to credit losses on receivables mostly related to the sale of our property and equipment.
-
Financial - Cash Flow Highlight
Also affecting our operating cash flows, was a decrease of Onboard and other revenues of 794.1 million and a decrease of $78.6 million in dividends received from unconsolidated affiliates during the first six months in 2020 compared to the same period in 2019.
-
Financial - Shares Highlight
Equity investment (loss) income decreased $129.0 million, or (193.3)%, to a loss of $(62.2) million in 2020 from income of $66.7 million in 2019 mainly due to losses reported by our equity investments as a result of the adverse impact of COVID-19 on their operations and earnings and a $39.7 million impairment charge of equity investments, recorded during the three months ended March 31, 2020, primarily for our investment in Grand Bahama Shipyard.
-
Other - Other
Certain of our credit card...Read more
-
Financial - Earnings
Adjusted (Loss) Earnings per Share...Read more
-
Financial - Cash Flow
Decreased demand for cruising as...Read more
-
Financial - Cash Flow
Funding Needs and Sources Historically,...Read more
-
Financial - Income
Adjusted Net (Loss) Income represents...Read more
-
Financial - Expense
Marketing, Selling and Administrative Expenses...Read more
-
Financial - Expense
Marketing, Selling and Administrative Expenses...Read more
-
Revenue - Product
Significant items for the quarter...Read more
-
Financial - Expense
Depreciation and Amortization Expenses Depreciation...Read more
-
Financial - Expense
Depreciation and Amortization Expenses Depreciation...Read more
-
Financial - Expense
The increase was primarily due...Read more
-
Financial - Expense
The increase was primarily due...Read more
-
Financial - Expense
Significant assumptions used in these...Read more
-
Financial - Dividend
In connection therewith, we increased...Read more
-
Financial - Dividend
In connection therewith, we increased...Read more
-
Other - Other
Update on Bookings The extended...Read more
-
Financial - Cash Flow
The increase in cash flow...Read more
-
Financial - Expense
These expenses were partially offset...Read more
-
Other - Other
During the quarter ended March...Read more
-
Other - Other
These non-GAAP financial measures are...Read more
-
Financial - Expense
The decrease in Cruise operating...Read more
-
Revenue - Product
The decrease was due to...Read more
-
Financial - Income
The increase in income of...Read more
-
Other - Other
The impairment charges related to...Read more
-
Revenue - Product
The decrease in Onboard and...Read more
-
Revenue - Geography
The effect of changes in...Read more
-
Revenue - Product
Passenger ticket revenues were also...Read more
-
Financial - Cash Flow
To that base, we add...Read more
-
Other - Other
We are working with the...Read more
-
Financial - Shares
Operating results for the quarter...Read more
-
Financial - Expense
Cruise Operating Expenses Total Cruise...Read more
-
Financial - Expense
Cruise Operating Expenses Total cruise...Read more
-
Financial - Expense
The majority of the decrease...Read more
-
Other - Other
As amended by ASU No....Read more
-
Revenue - Product
Onboard and other revenues also...Read more
-
Financial - Debt
Debt denominated in other currencies...Read more
-
Financial - Debt
Debt denominated in other currencies...Read more
-
Financial - Expense
These expenses were partially offset...Read more
-
Financial - Shares
Results of Operations Summary Net...Read more
-
Financial - Cash Flow
During the quarter and six...Read more
-
Other - Other
In May 2020, we qualified...Read more
-
Other - Other
Containment efforts as a result...Read more
-
Financial - Shares
Net Loss and Adjusted Net...Read more
-
Other - Other
Over the past two months,...Read more
-
Financial - Cash Flow
The adverse impact COVID-19 will...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (Loss) Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
(Loss) Earnings Per Share
(Loss) Earnings Per Share (Details)
(Loss) Earnings Per Share (Tables)
(Loss) Earnings Per Share - Narrative (Details)
Changes In Accumulated Other Comprehensive (Loss) Income (Tables)
Changes In Accumulated Other Comprehensive (Loss) Income - Changes In Aoci By Component (Details)
Changes In Accumulated Other Comprehensive (Loss) Income - Reclassifications (Details)
Changes In Accumulated Other Comprehensive Income (Loss)
Changes In Accumulated Other Comprehensive Income (Loss) - Narrative (Details)
Commitment And Contingencies (Tables)
Commitment And Contingencies - Capital Commitments (Details)
Commitments And Contingencies
Commitments And Contingencies - Narrative (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Convertible Notes (Details)
Debt - Schedule Of Maturities (Details)
Debt - Summary Of Debt (Details)
Fair Value Measurements And Derivative Instruments
Fair Value Measurements And Derivative Instruments (Tables)
Fair Value Measurements And Derivative Instruments - Balance Sheet (Details)
Fair Value Measurements And Derivative Instruments - Balance Sheet Hedging Instruments (Details)
Fair Value Measurements And Derivative Instruments - Credit Related Contingent Features (Details)
Fair Value Measurements And Derivative Instruments - Derivative Instruments, Interest Rate Risk, Foreign Currency Exchange Rate Risk (Narrative) (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 - Estimated Fair Value (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 - Interest Rate Risk (Details)
Fair Value Measurements And Derivative Instruments - Non-Derivative Net Investment (Details)
Fair Value Measurements And Derivative Instruments - Nonrecurring (Details)
Fair Value Measurements And Derivative Instruments - Offsetting Of Derivative Instruments (Details)
Fair Value Measurements And Derivative Instruments - Recurring (Details)
General
General (Details)
Impairment And Credit Losses
Impairment And Credit Losses (Tables)
Impairment And Credit Losses - Intangible Assets (Details)
Impairment And Credit Losses - Narrative (Details)
Impairment And Credit Losses - Schedule Of Goodwill (Details)
Impairment And Credit Losses - Summary Of Credit Loss Allowance (Details)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Lease Expense (Details)
Leases - Schedule Of Lease Maturities (Details)
Leases - Schedule Of Lease Terms And Discount Rates (Details)
Leases - Supplemental Noncash Information (Details)
Other Assets
Other Assets (Tables)
Other Assets - Narrative (Details)
Other Assets - Notes Receivable Due From Equity Instruments (Details)
Other Assets - Related Party Transactions (Details)
Other Assets - Share Of Equity Income From Investments (Details)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (Tables)
Redeemable Noncontrolling Interest - Narrative (Details)
Redeemable Noncontrolling Interest - Schedule Of Redeemable Noncontrolling Interest (Details)
Restructuring Charges
Restructuring Charges (Tables)
Restructuring Charges - Narrative (Details)
Restructuring Charges - Summary Of Changes (Details)
Revenues
Revenues (Tables)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Narrative (Details)
Shareholders' Equity
Shareholders' Equity (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
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-Q Quarterly Report
Accession Number: 0000884887-20-000037
Submitted to the SEC: Mon Aug 10 2020 5:31:25 PM EST
Accepted by the SEC: Mon Aug 10 2020
Period: Tuesday, June 30, 2020
Industry: Water Transportation
External Resources:
Stock Quote
Social Media
SEC.gov
Bookmark the Permalink: https://last10k.com/sec-filings/rcl/0000884887-20-000037.htm
SEC Filing Exhibit
PDF Download
Loading SEC Filing Exhibit...
Excel DownloadLoading SEC Filing Financial Summary...