RCLRoyal Caribbean Cruises Ltd.

$77B

Q4 2018 Earnings

Consumer Cyclical Travel Services

Income Statement

Revenue

$2.3B+16.4% YoY

Gross Profit

$972M41.7% margin

Operating Income

$364M15.6% margin

Net Income

$316M13.5% margin

EPS (Diluted)

$1.50

QoQ Revenue Growth

-16.6%

Cash Flow

Operating Cash Flow

$732M

Free Cash Flow

-$419M

Stock-Based Comp.

-$17M

Balance Sheet

Total Assets

$27.7B

Total Liabilities

$16.1B

Stockholders' Equity

$11.1B

Cash & Equivalents

$288M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.3B	$2.0B	+16.4%
Gross Profit	$972M	$859M	+13.2%
Operating Income	$364M	$307M	+18.4%
Net Income	$316M	$288M	+9.6%

Revenue Segments

Cruise Itinerary

$2.2B96%

Other Products And Services

$94M4%

Geographic Segments

North America

$1.3B60%

Asia Pacific

$412M18%

Europe

$348M16%

Other Region

$140M6%

RCL Q4 2018 Earnings — Royal Caribbean Cruises Ltd. Revenue & Financial Results | Market Cap Arena