Royal Caribbean Cruise Lines 2001 Annual Report Download - page 41

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Consolidated Balance Sheets
Royal Caribbean Cruises Ltd. 39
As of December 31,
(in thousands, except share data) 2001 2000
ASSETS
Current Assets
Cash and cash equivalents $ 727,178 $ 177,810
Trade and other receivables, net 72,196 53,609
Inventories 33,493 30,115
Prepaid expenses and other assets 53,247 49,185
Total current assets 886,114 310,719
Property and Equipment – at cost less accumulated depreciation and amortization 8,605,448 6,831,809
Goodwill – less accumulated amortization of $138,606 and $128,192, respectively 278,561 288,974
Other Assets 598,659 396,963
$10,368,782 $7,828,465
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current portion of long-term debt $ 238,581 $ 109,926
Accounts payable 144,070 158,143
Accrued expenses and other liabilities 283,913 200,900
Customer deposits 446,085 443,411
Total current liabilities 1,112,649 912,380
Long-Term Debt 5,407,531 3,300,170
Other Long-Term Liabilities 92,018 –
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Common stock ($.01 par value; 500,000,000 shares authorized;
192,310,198 and 192,122,088 shares issued) 1,923 1,921
Paid-in capital 2,045,904 2,043,111
Retained earnings 1,731,423 1,576,921
Accumulated other comprehensive loss (16,068) –
Treasury stock (475,524 and 435,180 common shares at cost) (6,598) (6,038)
Total shareholders’ equity 3,756,584 3,615,915
$10,368,782 $7,828,465
The accompanying notes are an integral part of these financial statements.