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Royal Caribbean Cruises Ltd (RCL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Royal Caribbean Cruises Ltd

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CIK: 884887 Ticker: RCL

Exhibit 99.1
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FOR IMMEDIATE RELEASE


Royal Caribbean Group reports on 2020 results and provides business update


MIAMI – February 22, 2021 – Royal Caribbean Group (NYSE: RCL) today reported financial results for the fiscal year of 2020 and commented on the business considering the global COVID-19 pandemic.

“The COVID-19 pandemic is having a painful and profound impact on our world and our business; unquestionably, this crisis is the most difficult in the Company’s history. But we have been impressed and grateful for the resourcefulness and agility of our team in responding to these unprecedented challenges. More importantly, we remain confident about the ability of our Company to recover and return to the positive trajectory we were on previously,” said Richard D. Fain, Chairman and CEO. “We are encouraged to see the sharp decline in cases and the growing availability of vaccines. We can’t wait to get back to the business of showing people the world and making great memories.”

The following information was filed by Royal Caribbean Cruises Ltd (RCL) on Monday, February 22, 2021 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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Royal Caribbean Cruises Ltd's Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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Inside Royal Caribbean Cruises Ltd's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual 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 (Antidilutive Shares) (Details)
(Loss) Earnings Per Share (Reconciliation Of Earnings Per Share) (Details)
(Loss) Earnings Per Share (Tables)
Business Combination
Business Combination (Narrative) (Details)
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) (Narrative) (Details)
Changes In Accumulated Other Comprehensive Income (Loss) (Reclassifications) (Details)
Changes In Accumulated Other Comprehensive Income (Loss) (Tables)
Commitment And Contingencies (Future Commitments) (Details)
Commitment And Contingencies (Future Non-Cancelable Purchase Commitments) (Details)
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Tables)
Debt
Debt (Debt Maturities) (Details)
Debt (Narrative) (Details)
Debt (Schedule Of Convertible Notes) (Details)
Debt (Schedule Of Long-Term Debt) (Details)
Debt (Tables)
Fair Value Measurements And Derivative Instruments
Fair Value Measurements And Derivative Instruments (Balance Sheet) (Details)
Fair Value Measurements And Derivative Instruments (Concentrations Of Credit Risk) (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 (Fuel Price Risk) (Details)
Fair Value Measurements And Derivative Instruments (Income Statement Hedging Instruments) (Details)
Fair Value Measurements And Derivative Instruments (Income Statement) (Details)
Fair Value Measurements And Derivative Instruments (Interest Rate Risk) (Details)
Fair Value Measurements And Derivative Instruments (Long-Term Debt) (Details)
Fair Value Measurements And Derivative Instruments (Net Investment Excluded) (Details)
Fair Value Measurements And Derivative Instruments (Non-Derivative Balance Sheet) (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 (Nonfinancial Instruments) (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)
Fair Value Measurements And Derivative Instruments (Tables)
General
General (Details)
Goodwill
Goodwill (Narrative) (Details)
Goodwill (Schedule Of Goodwill) (Details)
Goodwill (Tables)
Income Taxes
Income Taxes (Details)
Intangible Assets
Intangible Assets (Future Amortization Expense) (Details)
Intangible Assets (Narrative) (Details)
Intangible Assets (Schedule Of Intangible Assets) (Details)
Intangible Assets (Tables)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Lease Maturities (Details)
Leases - Lease Terms And Discount Rates (Details)
Leases - Narrative (Details)
Leases - Supplemental Balance Sheet Information (Details)
Leases - Supplemental Cash Flow Information (Details)
Other Assets
Other Assets (Equity Method Investee) (Details)
Other Assets (Narrative) (Details)
Other Assets (Notes Receivable Due From Equity Investments) (Details)
Other Assets (Related Party Transactions) (Details)
Other Assets (Share Of Equity Income From Investments) (Details)
Other Assets (Summary Of Credit Loss Allowance) (Details)
Other Assets (Tables)
Property And Equipment
Property And Equipment (Narrative) (Details)
Property And Equipment (Schedule Of Property And Equipment) (Details)
Property And Equipment (Tables)
Quarterly Selected Financial Data (Unaudited)
Quarterly Selected Financial Data (Unaudited) (Details)
Quarterly Selected Financial Data (Unaudited) (Tables)
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interest (Narrative) (Details)
Redeemable Noncontrolling Interest (Schedule Of Redeemable Noncontrolling Interest) (Details)
Redeemable Noncontrolling Interest (Tables)
Restructuring Charges
Restructuring Charges (Narrative) (Details)
Restructuring Charges (Summary Of Restructuring Costs) (Details)
Restructuring Charges (Tables)
Retirement Plan
Retirement Plan (Details)
Revenues
Revenues (Disaggregation Of Revenue) (Details)
Revenues (Narrative) (Details)
Revenues (Tables)
Shareholders' Equity
Shareholders' Equity (Details)
Stock-Based Employee Compensation
Stock-Based Employee Compensation (Expense Recognized) (Details)
Stock-Based Employee Compensation (Narrative) (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 (Narrative) (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: 0000884887-21-000006
Submitted to the SEC: Fri Feb 26 2021 4:26:58 PM EST
Accepted by the SEC: Fri Feb 26 2021
Period: Thursday, December 31, 2020
Industry: Water Transportation

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