We accomplished what we committed to do three years ago and successfully completed the Double-Double — a long-term strategic plan to attain double-digit ROIC and double 2014 Adjusted EPS by year-end 2017. The goals were aggressive, but our aspirations were much higher.
Focusing on the key drivers of progress and leveraging the culture instilled by Double-Double, the company has a new set of goals that will take RCL to new heights as a global travel leader.
|Dollars in millions, except per share data||2014||2015||2016||2017|
|Adjusted Net Income 1||$756||$1,065||$1,315||$1,625|
|Adjusted Earnings Per Share (diluted) 1||$3.39||$4.83||$6.08||$7.53|
|Total Shareholders’ Equity||$8,284||$8,063||$9,121||$10,702|
|1 For a reconciliation to U.S. GAAP please click here.|
Royal Caribbean Cruises Ltd. (NYSE: RCL) is a global cruise vacation company that owns and operates three global brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. We are a 50% joint venture owner of the German brand TUI Cruises, a 49% shareholder in the Spanish brand Pullmantur and a 36% shareholder in the Chinese brand SkySea Cruises. Together, these brands operate a combined total of 49 ships with an additional thirteen on order as of December 31, 2017. They operate diverse itineraries around the world that call on approximately 540 destinations on all seven continents.
We’re experience-makers at our core. We believe the power of our brands along with our innovative technology helps us create enriched vacations and the ultimate memory-making moments.
We’ve redefined the experiences that drive choice, guest satisfaction, and revenue. We’re rolling out an unprecedented wave of ‘Digital Innovations’, showcasing remarkable advances in technology to create powerful multi-sensory experiences.
We continually explore innovations to create a lighter footprint, make our ships more energy efficient, and ensure the long-term sustainability of our oceans and the environment.
Additional information can be found on our current sustainability report.
These achievements would not be possible without the passion, commitment, and support of our people and our shareholders. Thank you all again, as we position the company for a 9th consecutive year of yield growth.
Forward looking statements do not guarantee future performance.
Cautionary Note Concerning Forward-Looking Statements The discussion under this caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this document, including, for example, under the “Risk Factors” and “Business” captions, includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding guidance (including our expectations for the first quarter and full year of 2018 and our earnings and yield estimates for 2018 set forth under the heading “Outlook” below), business and industry prospects or future results of operations or financial position, made in this Annual Report on Form 10-K are forward-looking. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “driving” and similar expressions are intended to further identify any of these forward-looking statements. Forward-looking statements reflect management's current expectations but they are based on judgments and are inherently uncertain. Furthermore, they are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, those discussed in this Annual Report on Form 10-K and, in particular, the risks discussed under the caption “Risk Factors” in Part I, Item 1A of this report.
All forward-looking statements made in this Annual Report on Form 10-K speak only as of the date of this document. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.