Royal Caribbean Cruise Lines 2004 Annual Report Download - page 22

As of December 31,
(in thousands, except share data) 2004 2003
Assets
Current assets
Cash and cash equivalents $ 628,578 $ 330,086
Trade and other receivables, net 84,899 89,489
Inventories 60,260 53,277
Prepaid expenses and other assets 86,869 101,698
Total current assets 860,606 574,550
Property and equipment – at cost less accumulated depreciation and amortization 10,193,443 9,943,495
Goodwill – less accumulated amortization of $138,606 278,561 278,561
Other assets 631,474 526,136
$11,964,084 $11,322,742
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt $ 905,374 $ 315,232
Accounts payable 162,973 187,756
Accrued expenses and other liabilities 330,073 271,944
Customer deposits 875,082 729,595
Total current liabilities 2,273,502 1,504,527
Long-termdebt 4,826,570 5,520,572
Other long-term liabilities 59,492 34,746
Commitments and contingencies (Note 12)
Shareholders’ equity
Common stock ($.01 par value; 500,000,000 shares authorized;
201,253,140 and 196,106,658 shares issued) 2,012 1,961
Paid-in capital 2,206,157 2,100,612
Retained earnings 2,533,265 2,162,195
Accumulated other comprehensive income 71,363 5,846
Treasury stock (596,556 and 556,212 common shares at cost) ( 8,277) (7,717)
Total shareholders’ equity 4,804,520 4,262,897
$11,964,084 $11,322,742
The accompanying notes arean integral partof these financial statements.
ROYAL CARIBBEAN CRUISES LTD.
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CONSOLIDATED BALANCE SHEETS