Royal Caribbean Cruise Lines 2006 Annual Report Download - page 27

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Supplemental Disclosures
Cash paid during the year for: Interest, net of amount capitalized $ 376,817 $ 236,477 $ 266,037
Supplemental Schedule of Noncash Investing Activity
The Company purchased all of the capital stock of Pullmantur for approximately $558.9 million on November 14, 2006.
In conjunction with the acquisition, liabilities were assumed as follows:
Fair value of assets acquired $1,111,117
Cash paid for capital stock (558,948)
Liabilities assumed $ 552,169
Consolidated Statements of Shareholders’ Equity
Accumulated
Other Total
Common Paid-in Retained Comprehensive Treasury Shareholders’
(in thousands) Stock Capital Earnings Income (Loss) Stock Equity
Balances at January 1, 2004 $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
Issuance under employee related plans 12 28,059 – – (560) 27,511
Purchases of treasury stock – – – – (249,122) (249,122)
Common stock dividends – – (116,935) – – (116,935)
Changes related to cash flow derivative hedges – – – (100,472) – (100,472)
Minimum pension liability adjustment – – – 846 – 846
Debt converted to common stock 141 472,020–––472,161
Net income – – 715,956 – – 715,956
Balances at December 31, 2005 2,165 2,706,236 3,132,286 (28,263) (257,959) 5,554,465
Issuance under employee related plans 12 42,031 – – (559) 41,484
Purchases of treasury stock – – – – (164,582) (164,582)
Common stock dividends – – (126,997) – – (126,997)
Changes related to cash flow derivative hedges – – – 3,507 – 3,507
Adoption of SFAS Statement No. 158 – – – (6,981) – (6,981)
Minimum pension liability adjustment – – – 834 – 834
Equity adjustment from foreign currency translation – – – 101 – 101
Debt converted to common stock 48 155,774–––155,822
Net income – – 633,922 – – 633,922
Balances at December 31, 2006 $2,225 $2,904,041 $3,639,211 $(30,802) $(423,100) $6,091,575
The accompanying notes are an integral part of these financial statements.
ROYAL CARIBBEAN CRUISES LTD. 25
Consolidated Statements of Cash Flows (Continued)