Royal Caribbean Cruise Lines 2014 Annual Report Download - page 101

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100 Royal Caribbean Cruises Ltd.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 17. QUARTERLY SELECTED FINANCIAL DATA (UNAUDITED)
(In thousands, except FirstQuarter SecondQuarter ThirdQuarter FourthQuarter
per share data)        
Total revenues()                
Operating
income()()()                
Net income()()()                
Earnings per share:
Basic                
Diluted                
Dividends
declared per
share                
() Our revenues are seasonal based on the demand for cruises. Demand is strongest for cruises during the Northern Hemisphere’s summer months
and holidays.
() Amounts for the fourth quarter of 2013 include an impairment charge of $33.5 million to write down the assets held for sale related to the busi-
nesses to be sold and certain long-lived assets, consisting of aircraft owned and operated by Pullmantur Air, to their fair value.
() Amounts for the third and fourth quarters of 2014 include an aggregate increase to operating income and net income of $16.3 million and $36.8
million, respectively, due to the change in our voyage proration methodology as of September 30, 2014. Amounts for the third quarter of 2014 also
include a loss of $17.4 million due to the sale of Celebrity Century.
() Amounts for the fourth quarter of 2014 include a $33.5 million tax benefit related to the reversal of a deferred tax asset valuation allowance due to
Spanish tax reform. See Note 12. Income Taxes for further information.