Royal Caribbean Cruise Lines 2001 Annual Report Download - page 40

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38 Royal Caribbean Cruises Ltd.
Consolidated Statements of Operations
Year Ended December 31,
(in thousands, except per share data) 2001 2000 1999
INCOME STATEMENT
Revenues $3,145,250 $2,865,846 $2,546,152
Expenses
Operating 1,934,391 1,652,459 1,496,252
Marketing, selling and administrative 454,080 412,799 371,817
Depreciation and amortization 301,174 231,048 197,909
2,689,645 2,296,306 2,065,978
Operating Income 455,605 569,540 480,174
Other Income (Expense)
Interest income 24,544 7,922 8,182
Interest expense, net of capitalized interest (253,207) (154,328) (130,625)
Other income (expense) 27,515 22,229 26,122
(201,148) (124,177) (96,321)
Net Income $ 254,457 $ 445,363 $ 383,853
EARNINGS PER SHARE:
Basic $ 1.32 $ 2.34 $ 2.15
Diluted $ 1.32 $ 2.31 $ 2.06
The accompanying notes are an integral part of these financial statements.