Royal Caribbean Cruise Lines 2002 Annual Report Download - page 29

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27
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Accumulated
Other Total
Preferred Common Paid-in Retained Comprehensive Treasury Shareholders’
(in thousands)
Stock Stock Capital Earnings Income (Loss) Stock Equity
Balances at January 1, 2000 $ 172,200 $1,812 $1,866,647 $1,225,976 $ – $(5,479) $3,261,156
Issuance under preferred
stock conversion (172,200) ,106 172,094 ,0–,00–,00––
Issuance under employee
related plans ,00–,003 4,370 ,0–,00 – (559) ,003,814
Preferred stock dividends ,00–,00–,00– (3,121) ,00–,00– (3,121)
Common stock dividends ,00–,00–,00– (91,297) – ,00– (91,297)
Net income ,00–,00–,00– 445,363 ,0 0–,00–,445,363
Balances at December 31, 2000 ,0 – 1,921 2,043,111 1,576,921 ,0 ,nn– (6,038) 3,615,915
Issuance under employee
related plans ,00–,nn2 2,793 ,000,nn–,0 ,nn– (560) ,002,235
Common stock dividends ,00–,00–,0 ,nn– (99,955) ,0 ,nn–,00– (99,955)
Transition adjustment
SFAS No. 133 ,00–,00–,0 ,nn–,0 ,nn– 7,775 ,00– 7,775
Changes related to cash flow
derivative hedges ,00–,00–,0 ,nn–,0 ,nn– (23,843) ,00– (23,843)
Net income ,00–,00–,0 ,nn– 254,457 ,00–,00– 254,457
Balances at December 31,2001 ,0 – 1,923 2,045,904 1,731,423 (16,068) (6,598) 3,756,584
Issuance under employee
related plans ,00–,007 7,745 ,0 ,nn–,00– (560) 7,192
Common stock dividends ,00–,00–,0 ,nn– (100,127) ,00–,00– (100,127)
Changes related to cash flow
derivative hedges ,00–,00–,0 ,nn–,0 ,nn– 19,761 ,00– 19,761
Net income ,00–,00–,0 ,nn– 351,284 ,00–,00– 351,284
Balances at December 31,2002 $ ,0– $1,930 $2,053,649 $1,982,580 $ 3,693 $(7,158) $4,034,694
Comprehensive income is as follows:
Year Ended December 31,
(in thousands)
2002 2001 2000
Net income $351,284 $254,457 $445,363
Transition adjustment SFAS No. 133 –7,775 –
Changes related to cash flow derivative hedges 19,761 (23,843) –
Total comprehensive income $371,045 $238,389 $445,363
The accompanying notes are an integral part of these financial statements.