Royal Caribbean Cruise Lines 2013 Annual Report Download - page 41
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PART II
ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data presented below for the years 2009 through 2013 and as of the end of each
such year are derived from our audited consolidated financial statements and should be read in conjunction with
those financial statements and the related notes as well as in conjunction with Item 7. Management’s Discussion
and Analysis of Financial Condition and Results of Operations.
Year Ended December 31,
(in thousands, except per share data)
Operating Data:
Total revenues
Operating income(1)
Net income(1)(2)
Per Share Data—Basic:
Net income
Weighted-average shares
Per Share Data—Diluted:
Net income
Weighted-average shares and potentially dilutive shares
Dividends declared per common share — —
Balance Sheet Data:
Total assets
Total debt, including capital leases
Common stock
Total shareholders’ equity
() Amounts for 2013 include restructuring charges of $23.4 million and an impairment charge of $33.5 million to write down the assets held for sale
related to the businesses to be sold and certain long-lived assets, consisting of aircraft owned and operated by Pullmantur Air, to their fair value.
(See Note 16. Restructuring and Related Impairment Charges to our consolidated financial statements under Item 8. Financial Statements and
Supplementary Data for further information). Amounts for 2012 include an impairment charge of $385.4 million to write down Pullmantur’s goodwill
to its implied fair value and to write down trademarks and trade names and certain long-lived assets, consisting of aircraft owned and operated by
Pullmantur Air, to their fair value. (See Valuation of Goodwill, Indefinite-Lived Intangible Assets and Long-Lived Assets under Item 7. Management’s
Discussion and Analysis of Financial Condition and Results of Operations for more information regarding the impairment of these assets).
() Amounts for 2012 include a $33.7 million charge to record a 100% valuation allowance related to our deferred tax assets for Pullmantur. In addi-
tion, we reduced the deferred tax liability related to Pullmantur’s trademarks and trade names and recorded a deferred tax benefit of $5.2 million.
These adjustments resulted in an increase of $28.5 million to Other (expense) income. (See Valuation of Goodwill, Indefinite-Lived Intangible Assets
and Long-Lived Assets under Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations for more information
regarding these transactions).