Royal Caribbean Cruise Lines 2003 Annual Report Download - page 22

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As of December 31,
(in thousands, except share data) 2003 2002
ASSETS
Current Assets
Cash and cash equivalents $ 330,086 $ 242,584
Trade and other receivables, net 89,489 79,535
Inventories 53,277 37,299
Prepaid expenses and other assets 101,698 88,325
Total current assets 574,550 447,743
Property and Equipment – at cost less accumulated depreciation and amortization 9,943,495 9,276,484
Goodwill – less accumulated amortization of $138,606 278,561 278,561
Other Assets 526,136 535,743
$11,322,742 $10,538,531
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Current portion of long-term debt $ 315,232 $ 122,544
Accounts payable 187,756 171,153
Accrued expenses and other liabilities 271,944 308,281
Customer deposits 729,595 567,955
Total current liabilities 1,504,527 1,169,933
Long-Term Debt 5,520,572 5,322,294
Other Long-Term Liabilities 34,746 11,610
Commitments and Contingencies (Note 12)
Shareholders’ Equity
Common stock ($.01 par value; 500,000,000 shares authorized;
196,106,658 and 192,982,513 shares issued) 1,961 1,930
Paid-in capital 2,100,612 2,053,649
Retained earnings 2,162,195 1,982,580
Accumulated other comprehensive income 5,846 3,693
Treasury stock (556,212 and 515,868 common shares at cost) (7,717) (7,158)
Total shareholders’ equity 4,262,897 4,034,694
$11,322,742 $10,538,531
The accompanying notes are an integral part of these financial statements.
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED BALANCE SHEETS