Royal Caribbean Cruise Lines 2005 Annual Report Download - page 33

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As of December 31,
2005 2004
(in thousands, except per share data)
Assets
Current assets
Cash and cash equivalents $ 125,385 $ 628,578
Trade and other receivables, net 95,254 84,899
Inventories 57,803 60,260
Prepaid expenses and other assets 98,568 86,869
Total current assets 377,010 860,606
Property and equipment — at cost less
accumulated depreciation and amortization 10,276,948 10,193,443
Goodwill — less accumulated amortization of $138,606 283,133 278,561
Other assets 318,680 631,474
$ 11,255,771 $ 11,964,084
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt $ 600,883 $ 905,374
Accounts payable 159,910 162,973
Accrued expenses and other liabilities 342,995 330,073
Customer deposits 884,994 875,082
Total current liabilities 1,988,782 2,273,502
Long-term debt 3,553,892 4,826,570
Other long-term liabilities 158,632 59,492
Commitments and contingencies (Note 11)
Shareholders’ equity
Common stock ($.01 par value; 500,000,000 shares authorized;
216,504,849 and 201,253,140 shares issued) 2,165 2,012
Paid-in capital 2,706,236 2,206,157
Retained earnings 3,132,286 2,533,265
Accumulated other comprehensive (loss) income (28,263) 71,363
Treasury stock (6,143,392 and 596,556 common shares at cost) (257,959) (8,277)
Total shareholders’ equity 5,554,465 4,804,520
$ 11,255,771 $ 11,964,084
The accompanying notes are an integral part of these financial statements.
Royal Caribbean Cruises Ltd. 31
Consolidated Balance Sheets