Royal Caribbean Cruise Lines 2007 Annual Report Download - page 27

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25
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
As of December 31, 2007 2006
Assets
Current assets
Cash and cash equivalents
$ 230,784
$ 104,520
Trade and other receivables, net
313,640
185,886
Inventories
96,813
76,969
Prepaid expenses and other assets
137,662
98,381
Derivative financial instruments
213,892
36,148
Total current assets
992,791
501,904
Property and equipment, net
12,253,784
11,429,106
Goodwill
797,791
721,514
Other assets
937,915
740,564
$14,982,281
$13,393,088
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt
$ 351,725
$ 373,422
Accounts payable
222,895
193,794
Accrued expenses and other liabilities
533,674
351,131
Customer deposits
1,084,359
896,943
Hedged firm commitments
146,642
57,078
Total current liabilities
2,339,295
1,872,368
Long-term debt
5,346,547
5,040,322
Other long-term liabilities
539,096
388,823
Commitments and contingencies (Note 14)
Shareholders’equity
Preferred stock ($0.01 par value; 20,000,000 shares authorized; none outstanding)
–
–
Common stock ($0.01 par value; 500,000,000 shares authorized; 223,509,136 and
222,489,872 shares issued, December 31, 2007 and December 31, 2006, respectively)
2,235
2,225
Paid-in capital
2,942,935
2,904,041
Retained earnings
4,114,877
3,639,211
Accumulated other comprehensive income (loss)
120,955
(30,802)
Treasury stock (11,026,271 and 10,985,927 common shares at cost, December 31, 2007
and December 31, 2006, respectively)
(423,659)
(423,100)
Total shareholders’ equity
6,757,343
6,091,575
$14,982,281
$13,393,088
The accompanying notes are an integral part of these consolidated financial statements.