Royal Caribbean Cruise Lines 2009 Annual Report Download - page 79
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ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Comprehensive income is as follows (in thousands):
The following tables summarize activity in accumulated other comprehensive income (loss) related to derivatives designated as cash
flow hedges, change in defined benefit plans and the foreign currency translation adjustments (in thousands):
The accompanying notes are an integral part of these consolidated financial statements.
F-6
Common
Stock
Paid-in
Ca
p
ital
Retained
Earnin
g
s
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Shareholders’
E
q
uit
y
(in thousands)
Balances at Januar
y
1, 2007
$2,225
$2,904,041
$3,639,211
$(30,802)
$(423,100)
$6,091,575
Issuance under employee related plans
10
38,894
—
—
(559)
38,345
Common stock dividends
—
—
(127,739)
—
—
(127,739)
Changes related to cash flow derivative hedges
—
—
—
152,523
—
152,523
Change in defined benefit plans
—
—
—
3,500
—
3,500
Foreign currency translation adjustments
—
—
—
(4,266)
—
(4,266)
Net income
—
—
603,405
—
—
603,405
Balances at December 31, 2007
2,235
2,942,935
4,114,877 120,955
(423,659)
6,757,343
Issuance under employee related plans
4
9,605
—
—
(701)
8,908
Common stock dividends
—
—
(96,070)
—
—
(96,070)
Changes related to cash flow derivative hedges
—
—
—
(430,051)
—
(430,051)
Change in defined benefit plans
—
—
—
(2,835)
—
(2,835)
Foreign currency translation adjustments
—
—
—
(8,005)
—
(8,005)
Net income
—
—
573,722
—
—
573,722
Balances at December 31, 2008
2,239
2,952,540
4,592,529
(319,936)
(424,360)
6,803,012
Issuance under employee related plans
4
20,955
—
—
—
20,959
Distribution of Rabbi Trust shares
—
—
—
—
10,656
10,656
Changes related to cash flow derivative hedges
—
—
—
458,220
—
458,220
Change in defined benefit plans
—
—
—
(2,562)
—
(2,562)
Foreign currency translation adjustments
—
—
—
47,011
—
47,011
Net income
—
—
162,421
—
—
162,421
Balances at December 31, 2009
$2,243
$2,973,495
$4,754,950
$ 182,733
$(413,704)
$7,499,717
Year Ended December 31,
2009 2008 2007
Net income
$162,421
$573,722
$603,405
Changes related to cash flow derivative hedges
458,220
(430,051)
152,523
Change in defined benefit plans
(2,562)
(2,835)
3,500
Foreign currency translation adjustments
47,011
(8,005)
(4,266)
Total comprehensive income
$665,090
$132,831
$755,162
Year Ended December 31
,
2009 2008 2007
Accumulated net (loss) gain on cash flow derivative hedges at beginning of year
$(292,192)
$137,859
$(14,664)
Net gain (loss) on cash flow derivative hedges
376,128
(374,810)
163,444
Net loss (gain) reclassified into earnings
82,092
(55,241)
(10,921)
Accumulated net gain (loss) on cash flow derivative hedges at end of year
$ 166,028
$(292,192)
$137,859
Changes related
to cash flow
derivative hed
g
es
Change in
defined
benefit
p
lans
Foreign currency
translation
ad
j
ustments
Accumulated
other comprehensive
income
(
loss
)
Accumulated other comprehensive loss at beginning of the year
$(292,192)
$(15,574)
$(12,170)
$(319,936)
Current-period change
458,220
(2,562)
47,011
502,669
Accumulated other comprehensive gain at end of year
$166,028
$(18,136)
$34,841
$182,733