Royal Caribbean Cruise Lines 2002 Annual Report Download - page 27

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25
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED BALANCE SHEETS
As of December 31,
(in thousands, except share data)
2002 2001
ASSETS
Current Assets
Cash and cash equivalents $ 242,584 $ 727,178
Trade and other receivables, net 79,535 72,196
Inventories 37,299 33,493
Prepaid expenses and other assets 88,325 53,247
Total current assets 447,743 886,114
Property and Equipment –at cost less accumulated depreciation and amortization 9,276,484 8,605,448
Goodwill – less accumulated amortization of $138,606 278,561 278,561
Other Assets 535,743 598,659
$10,538,531 $10,368,782
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current portion of long-term debt $ 122,544 $ 238,581
Accounts payable 171,153 144,070
Accrued expenses and other liabilities 308,281 283,913
Customer deposits 567,955 446,085
Total current liabilities 1,169,933 1,112,649
Long-Term Debt 5,322,294 5,407,531
Other Long-Term Liabilities 11,610 92,018
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Common stock ($.01 par value; 500,000,000 shares authorized;
192,982,513 and 192,310,198 shares issued) 1,930 1,923
Paid-in capital 2,053,649 2,045,904
Retained earnings 1,982,580 1,731,423
Accumulated other comprehensive income (loss) 3,693 (16,068)
Treasury stock (515,868 and 475,524 common shares at cost) (7,158) (6,598)
Total shareholders’ equity 4,034,694 3,756,584
$10,538,531 $10,368,782
The accompanying notes are an integral part of these financial statements.