Royal Caribbean Cruises Cash Flow Statement
NYSE: RCLConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Royal Caribbean Cruises free cash flow
In fiscal 2025, Royal Caribbean Cruises generated $6.46 billion of operating cash flow and spent $5.23 billion on capital expenditures. That left free cash flow of $1.24 billion, a free-cash-flow margin of 6.9% of revenue. Free cash flow was down 38.1% from the prior year's $2.00 billion.
Royal Caribbean Cruises returned $1.98 billion to shareholders: $824.0 million in dividends and $1.16 billion in share repurchases, equal to 160% of free cash flow. Free cash flow covered dividend payments 1.5 times.
Summary generated from market data by MetaCap's automated system. Methodology
Royal Caribbean Cruises cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 4.29B | 2.90B | 1.70B | -2.16B | -5.26B | -5.78B | 1.91B | 1.82B | 1.63B | 1.28B |
| Net Income growth (YoY) | +48.17% | +69.95% | — | — | — | -402.74% | +5.06% | +11.73% | +26.63% | +92.76% |
| Depreciation & Amortization | 1.72B | 1.60B | 1.46B | 1.41B | 1.29B | 1.28B | 1.25B | 1.03B | 951.19M | 894.91M |
| Stock-Based Compensation | 175.00M | 267.00M | 126.00M | 36.00M | 64.00M | 39.78M | 75.93M | 46.06M | 69.46M | 32.66M |
| Change in Working Capital | 167.00M | 204.00M | 1.16B | 836.98M | 1.48B | -1.51B | 449.15M | 415.47M | 336.94M | 253.51M |
| Operating Cash Flow | 6.46B | 5.26B | 4.48B | 481.00M | -1.88B | -3.73B | 3.72B | 3.48B | 2.87B | 2.52B |
| Capital Expenditures | -5.23B | -3.27B | -3.90B | -2.71B | -2.23B | -1.97B | -3.02B | -3.66B | -564.14M | -2.49B |
| Investing Cash Flow | -5.01B | -3.45B | -3.92B | -2.99B | -2.15B | -2.18B | -3.09B | -4.49B | -213.59M | -2.72B |
| Dividends Paid | -824.00M | -107.00M | 0 | 0 | 0 | -326.42M | -602.67M | -527.49M | -437.45M | -346.49M |
| Share Repurchases | -1.16B | 0 | 0 | — | 0 | 0 | -99.58M | -575.04M | -225.00M | -299.96M |
| Debt Issued | 4.67B | 10.32B | 7.64B | 9.79B | 4.47B | 13.55B | 3.53B | 8.59B | 5.87B | 7.34B |
| Debt Repaid | -3.53B | -11.65B | -9.57B | -7.73B | -2.30B | -3.85B | -4.06B | -6.96B | -7.84B | -6.37B |
| Financing Cash Flow | -1.02B | -1.92B | -1.99B | 1.74B | 3.04B | 9.35B | -670.37M | 1.20B | -2.68B | 243.81M |
| Net Change in Cash | 437.00M | -109.00M | -1.44B | -767.00M | -982.00M | 3.44B | -44.11M | 167.74M | -12.49M | 11.04M |
| Free Cash Flow | 1.24B | 2.00B | 580.00M | -2.23B | -4.11B | -5.70B | 691.70M | -180.89M | 2.31B | 22.33M |
This table shows 10 annual periods of Royal Caribbean Cruises's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow RCL's reporting calendar. What is a cash flow statement?