Royal Caribbean Cruise Lines 2003 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2003 Royal Caribbean Cruise Lines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 36

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36

22
Accumulated
Other Total
Common Paid-in Retained Comprehensive Treasury Shareholders’
(in thousands)
Stock Capital Earnings Income (Loss) Stock Equity
Balances at January 1, 2001 ,0 $1,921 $2,043,111 $1,576,921 $ ,0n– $(6,038) $ 3,615,915
Issuance under employee related plans ,00 ,nn2,002,793 ,000,nn–,0n– (560) ,002,235
Common stock dividends ,00 ,00–,0,000,,– (99,955) ,nn– – (99,955)
Transition adjustment SFAS No. 133 ,00 ,00–,0,000,,–,0,000,,– 7,775 – ,007,775
Changes related to cash flow derivative hedges ,00 ,00–,0,000,,– – (23,843),0,000,,, – (23,843)
Net income ,00 ,00–,0 ,nn– 254,457 ,00–,00– 254,457
Balances at December 31, 2001 ,0 1,923 2,045,904 1,731,423 (16,068) (6,598) 3,756,584
Issuance under employee related plans ,00 ,007 7,745 ,0,00 ,,–,00– (560) ,007,192
Common stock dividends ,00 ,00–,0,nn– (100,127) ,00–,00– (100,127)
Changes related to cash flow derivative hedges ,00 ,00–,0,nn–0,000,,– 19,761 – ,019,761
Net income ,0 ,00–,0,nn– 351,284 ,00––,351,284
Balances at December 31, 2002 ,01,930 2,053,649 1,982,580 3,693 (7,158) 4,034,694
Issuance under employee related plans 31 46,963 – – (559) ,046,435
Common stock dividends – – (101,049) – – (101,049)
Changes related to cash flow derivative hedges – – – 11,526 – 11,526
Minimum pension liability adjustment – – – (9,373) – (9,373)
Net income – – 280,664 – – 280,664
Balances at December 31, 2003 $1,961 $2,100,612 $2,162,195 $ 5,846 $(7,717) $4,262,897
Comprehensive income is as follows:
Year Ended December 31,
(in thousands)
2003 2002 2001
Net income $280,664 $ 351,284 $254,457
Transition adjustment SFAS No. 133 –– 7,775
Changes related to cash flow derivative hedges 11,526 19,761 (23,843)
Minimum pension liability adjustment (9,373) ––
Total comprehensive income $282,817 $ 371,045 $ 238,389
The accompanying notes are an integral part of these financial statements.
ROYAL CARIBBEAN CRUISES LTD.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY