Royal Caribbean Cruise Lines 2009 Annual Report Download - page 77

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ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED BALANCE SHEETS
The accompanying notes are an integral part of these consolidated financial statements.
F-4
As of December 31,
2009 2008
(in thousands, exce
p
t share data)
Assets
Current assets
Cash and cash equivalents
$284,619
$402,878
Trade and other receivables, net
338,804
271,287
Inventories
107,877
96,077
Prepaid expenses and other assets
180,997
125,160
Derivative financial instruments
114,094
81,935
Total current assets
1,026,391
977,337
Property and equipment, net
15,268,053
13,878,998
Goodwill
792,373
779,246
Other assets
1,146,677
827,729
$18,233,494
$16,463,310
Liabilities and Shareholders’ E
q
uit
y
Current liabilities
Current portion of long-term debt
$756,215
$471,893
Accounts payable
264,554
245,225
Accrued interest
147,547
128,879
Accrued expenses and other liabilities
487,764
687,369
Customer deposits
1,059,524
968,520
Hedged firm commitments
33,426
172,339
Total current liabilities
2,749,030
2,674,225
Long-term debt
7,663,555
6,539,510
Other long-term liabilities
321,192
446,563
Commitments and contingencies (Note 14)
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; 224,258,247 and
223,899,076 shares issued, December 31, 2009 and December 31, 2008, respectively)
2,243
2,239
Paid-in capital
2,973,495
2,952,540
Retained earnings
4,754,950
4,592,529
Accumulated other comprehensive income (loss)
182,733
(319,936)
Treasury stock (10,308,683 and 11,076,701 common shares at cost, December 31, 2009 and
December 31, 2008, respectively)
(413,704)
(424,360)
Total shareholders’ equity
7,499,717
6,803,012
$18,233,494
$16,463,310