Royal Caribbean Cruises (RCL) 10-K Summary — Year Ended Dec 31, 2023
Royal Caribbean Cruises Ltd. operates a cruise vacation business. Revenue increased compared to the prior year, and the company reported positive operating income and net income, with operating cash flow also positive.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Royal Caribbean Cruises Ltd. operates a cruise vacation business. Revenue increased compared to the prior year, and the company reported positive operating income and net income, with operating cash flow also positive.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$13.9B
Revenue reported for the fiscal year.
Operating income
$2.9B
Income from operations reported for the year.
Net income
$1.7B
Net income reported for the year.
Operating cash flow
$4.5B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $1.5B | n/a |
| Dec 31, 2022 | $8.8B | +477.0% |
| Dec 31, 2023 | $13.9B | +57.2% |
Business overview
The company is a cruise line operator, as indicated by its name. No further business description is provided in the supplied filing context.
Financial performance
Revenue increased compared to the prior year, and the company reported positive operating income and net income. Operating cash flow was also positive for the reported period.
Material risks
The supplied filing context does not contain specific risk factors. The filing references a risk factors section but no details are provided.
Liquidity and capital
The company generated positive operating cash flow, supporting its liquidity. No capital allocation themes are discussed in the supplied context.
What to watch
Monitor the company's revenue growth trend in the next filing.