Royal Caribbean Cruise Lines 2004 Annual Report Download - page 3

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ROYAL CARIBBEAN CRUISES LTD. 1
(dollars in thousands, except per-share data) 2004 2003 2002
Total Revenues
Operating Income
Net Income
Earnings Per Share (diluted)
Shareholders’ Equity
$4,555,375
753,589
474,691
$2.26
$4,804,520
$3,784,249
526,185
280,664
$1.42
$4,262,897
$3,434,347
550,975
351,284
$1.76
$4,034,694
Total Revenues ($ millions) Net Income ($ millions) Shareholders’ Equity ($ millions)
523
567
698
760
1,013
1,113
1,171
1,184
1,357
1,939
2,636
2,546
2,866
3,145
3,434
3,784
4,555
Financial Highlights
295
348
400
404
464
733
846
965
1,085
2,019
2,455
3,261
3,616
3,757
4,035
4,263
4,805
88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04
Royal Caribbean Cruises Ltd. is the world’s second
largest cruise company with 29 cruise ships and
60,590 berths. We operate two brands, Royal
Caribbean International and Celebrity Cruises, in the
cruise vacation industry.Royal Caribbean International
is an established brand serving the contemporary and
premium segments of the cruise vacation industry with
19 cruise ships. Hallmarks of the brand include friend-
ly and engaging service, state-of-the-artcruise ships,
family programs, entertainment, health and fitness, and
energizing onboard and shoreside activities designed
for passengers of all ages. Celebrity Cruises serves
primarily the premium segment of the cruise vacation
industry with 10 cruise ships. Celebrity Cruises pro-
vides a unique vacation by offering award-winning cui-
sine, luxurious spa facilities, unique entertainment,
stateroom amenities and personal service with a high
staff-to-passenger ratio. Our cruise ships operate on a
selection of worldwide itineraries that call on approxi-
mately 160 destinations. In conjunction with our cruise
vacations, we offer pre- and post- cruisetours, includ-
ing fully escorted premium land packages. Combined,
our brands carried over 3 million passengers in 2004.
We have three Freedom-class ships on order for an
additional capacity of approximately 10,800 berths
with scheduled deliveries in 2006, 2007 and 2008.
Our common stock is listed on the New York Stock
Exchange and the Oslo Stock Exchange under the symbol
RCL. Our headquarters are located in Miami, Florida, U.S.A.,
and we have morethan 38,000 employees worldwide.
Our Business