Royal Caribbean Cruise Lines 2008 Annual Report Download - page 59

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CONSOLIDATED BALANCE SHEETS
Royal Caribbean Cruises Ltd. F-4
(in thousands, except share data)
As of December 31, 2008 2007
Assets
Current assets
Cash and cash equivalents $ 402,878 $ 230,784
Trade and other receivables, net 271,287 313,640
Inventories 96,077 96,813
Prepaid expenses and other assets 125,160 137,662
Derivative financial instruments 81,935 213,892
Total current assets 977,337 992,791
Property and equipment, net 13,878,998 12,253,784
Goodwill 779,246 797,791
Other assets 827,729 937,915
$16,463,310 $14,982,281
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt $ 471,893 $ 351,725
Accounts payable 245,225 222,895
Accrued interest 128,879 132,450
Accrued expenses and other liabilities 687,369 401,224
Customer deposits 968,520 1,084,359
Hedged firm commitments 172,339 146,642
Total current liabilities 2,674,225 2,339,295
Long-term debt 6,539,510 5,346,547
Other long-term liabilities 446,563 539,096
Commitments and contingencies (Note 16)
Shareholders’ equity
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding) – –
Common stock ($0.01 par value; 500,000,000 shares authorized; 223,899,076 and
223,509,136 shares issued, December 31, 2008 and December 31, 2007, respectively) 2,239 2,235
Paid-in capital 2,952,540 2,942,935
Retained earnings 4,592,529 4,114,877
Accumulated other comprehensive (loss) income (319,936) 120,955
Treasury stock (11,076,701 and 11,026,271 common shares at cost, December 31, 2008 and
December 31, 2007, respectively) (424,360) (423,659)
Total shareholders’ equity 6,803,012 6,757,343
$16,463,310 $14,982,281
The accompanying notes are an integral part of these consolidated financial statements.