Royal Caribbean Cruise Lines 2002 Annual Report Download - page 26

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24
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended December 31,
(in thousands, except per share data)
2002 2001 2000
INCOME STATEMENT
Revenues $3,434,347 $3,145,250 $2,865,846
Expenses
Operating 2,113,217 1,934,391 1,652,459
Marketing, selling and administrative 431,055 454,080 412,799
Depreciation and amortization 339,100 301,174 231,048
2,883,372 2,689,645 2,296,306
Operating Income 550,975 455,605 569,540
Other Income (Expense)
Interest income 12,413 24,544 7,922
Interest expense, net of capitalized interest (266,842) (253,207) (154,328)
Other income (expense) 54,738 27,515 22,229
(199,691) (201,148) (124,177)
Net Income $ 351,284 $ 254,457 $ 445,363
EARNINGS PER SHARE:
Basic $ 1.82 $ 1.32 $ 2.34
Diluted $ 1.79 $ 1.32 $ 2.31
The accompanying notes are an integral part of these financial statements.