Royal Caribbean Cruise Lines 2004 Annual Report Download - page 24

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Accumulated
Other Total
Common Paid-in Retained Comprehensive Treasury Shareholders’
(in thousands)
Stock Capital Earnings Income (Loss) Stock Equity
Balances at January 1, 2002 $1,923 $ 2,045,904 $ 1,731,423 $(16,068) $(6,598) $3,756,584
Issuance under employee related plans 7 7,745 – – (560) 7,192
Common stock dividends – – (100,127) – – (100,127)
Changes related to cash flow derivative hedges – – – 19,761 – 19,761
Net income – – 351,284 – – 351,284
Balances at December 31, 2002 1,930 2,053,649 1,982,580 3,693 (7,158) 4,034,694
Issuance under employee related plans 31 46,963 – – (559) 46,435
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
Issuance under employee related plans 51 105,545 – – (560) 105,036
Common stock dividends – – (103,621) – – (103,621)
Changes related to cash flow derivative hedges – – – 67,082 –67,082
Minimum pension liability adjustment – – –(1,565) – (1,565)
Net income – – 474,691 – – 474,691
Balances at December 31, 2004 $2,012 $2,206,157 $2,533,265 $71,363 $(8,277) $4,804,520
Comprehensive income is as follows:
Year Ended December 31,
(in thousands)
2004 2003 2002
Net income $474,691 $ 280,664 $351,284
Changes related to cash flow derivative hedges 67,082 11,526 19,761
Minimum pension liability adjustment (1,565) (9,373) –
Total comprehensive income $540,208 $ 282,817 $371,045
The accompanying notes arean integral partof these financial statements.
ROYAL CARIBBEAN CRUISES LTD.
22
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY