Valuation for RCL - findataslice
 ROYAL CARIBBEAN CRUISES LTD
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-312013-Dec-31
Fiscal PeriodQ2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013
Close Price of Common Stock314.65$323.47$313.14$205.39$230.60$177.32$159.37$138.98$129.49$92.12$103.78$65.34$49.43$37.91$34.91$83.79$76.90$88.99$85.28$85.65$74.76$64.75$50.31$32.17$133.46$108.39$121.19$114.59$97.65$129.95$103.57$117.77$119.23$118.56$
Market Cap of Common Stock85,466,285,081$87,863,399,180$85,036,414,888$55,276,354,784$62,001,285,968$45,644,487,764$41,013,741,367$35,669,237,430$33,179,883,617$23,598,689,831$26,540,351,094$16,684,614,542$12,613,647,001$9,668,018,862$8,899,249,756$21,366,682,182$19,593,339,234$22,665,237,570$21,709,785,629$20,344,884,570$16,771,519,197$13,899,748,921$10,534,178,317$6,722,485,515$27,977,375,681$22,714,324,486$25,407,225,850$23,970,692,265$20,408,498,069$27,155,654,879$21,930,614,730$25,173,220,790$25,525,825,509$25,503,558,737$
Market Cap of Common Stock QoQ%(2.73%)3.32%53.84%(10.85%)35.84%11.29%14.98%7.50%40.60%(11.08%)59.07%32.27%30.47%8.64%(58.35%)9.05%(13.55%)4.40%6.71%21.31%20.66%31.95%56.70%(75.97%)23.17%(10.60%)5.99%17.45%(24.85%)23.83%(12.88%)(1.38%).09%
Market Cap of Common Stock YoY%37.85%92.50%107.34%54.97%86.86%93.42%54.53%113.79%163.05%144.09%198.23%(21.91%)(35.62%)(57.34%)(59.01%)5.02%16.83%63.06%106.09%202.64%(40.05%)(38.81%)(58.54%)(71.96%)37.09%(16.36%)15.85%(4.78%)(20.05%)6.48%
Common Shares Outstanding271,627,660271,560,372269,128,754268,875,240257,420,341257,349,196256,650,147256,235,104256,173,359255,736,665255,350,697255,182,015255,059,197254,956,303255,002,771254,789,847254,694,208254,570,657237,535,138224,338,138214,667,937209,385,377209,000,016209,631,168209,561,071209,647,874209,186,598208,996,396208,970,026211,746,787213,749,009214,088,950215,110,988215,074,998214,803,837214,582,024215,264,909215,241,400217,408,741219,995,391219,943,662219,909,660219,620,652222,673,323222,309,015222,124,896221,215,079219,938,511
Common Shares Outstanding QoQ%.03%.90%.09%4.45%.03%.27%.16%.02%.17%.15%.07%.05%.04%(.02%).08%.04%.05%7.17%5.88%4.51%2.52%.18%(.30%).03%(.04%).22%.09%.01%(1.31%)(.94%)(.16%)(.48%).02%.13%.10%(.32%).01%(1.00%)(1.18%).02%.02%.13%(1.37%).16%.08%.41%.58%.14%
Common Shares Outstanding YoY%5.52%5.52%4.86%4.93%.49%.63%.51%.41%.44%.31%.14%.15%.14%.15%7.35%13.57%18.65%21.58%13.65%7.02%2.44%(.13%)(.09%).30%.28%(.99%)(2.13%)(2.38%)(2.86%)(1.55%)(.49%)(.23%)(.07%)(.08%)(1.20%)(2.46%)(2.13%)(2.12%)(1.01%)(1.20%)(1.06%)(1.00%)(.72%)1.24%1.22%1.24%.93%.84%
Total Revenue TTM17,183,000,000$16,755,000,000$16,484,000,000$16,055,000,000$15,329,000,000$14,742,000,000$13,900,000,000$13,172,452,000$12,005,527,000$10,666,769,000$8,840,000,000$7,218,662,000$4,682,545,000$2,549,217,000$1,532,000,000$584,024,000$93,378,000$218,069,000$2,208,805,000$4,692,080,000$7,912,618,000$10,543,644,000$10,950,661,000$10,765,549,000$10,374,886,000$9,905,860,000$9,493,849,000$9,166,015,000$8,939,372,000$8,797,041,000$8,777,845,000$8,682,981,000$8,677,178,000$8,587,166,000$8,496,401,000$8,488,851,000$8,448,210,000$8,401,270,000$8,299,074,000$8,214,847,000$8,080,509,000$8,002,230,000$8,073,855,000$8,110,187,000$8,033,174,000$7,935,898,000$7,959,894,000$
Total Revenue4,538,000,000$3,999,000,000$3,760,000,000$4,886,000,000$4,110,000,000$3,728,000,000$3,331,000,000$4,160,000,000$3,523,000,000$2,886,000,000$2,603,452,000$2,993,075,000$2,184,242,000$1,059,231,000$982,114,000$456,958,000$50,914,000$42,014,000$34,138,000$(33,688,000$)175,605,000$2,032,750,000$2,517,413,000$3,186,850,000$2,806,631,000$2,439,767,000$2,332,301,000$2,796,187,000$2,337,605,000$2,027,756,000$2,004,467,000$2,569,544,000$2,195,274,000$2,008,560,000$1,909,603,000$2,563,741,000$2,105,262,000$1,917,795,000$1,902,053,000$2,523,100,000$2,058,322,000$1,815,599,000$1,817,826,000$2,388,762,000$1,980,043,000$1,887,224,000$1,854,158,000$
Total Revenue QoQ%13.48%6.36%(23.05%)18.88%10.25%11.92%(19.93%)18.08%22.07%10.85%(13.02%)37.03%106.21%7.85%114.92%797.51%21.18%23.07%201.34%(119.18%)(91.36%)(19.25%)(21.01%)13.55%15.04%4.61%(16.59%)19.62%15.28%1.16%(21.99%)17.05%9.30%5.18%(25.52%)21.78%9.78%.83%(24.61%)22.58%13.37%(.12%)(23.90%)20.64%4.92%1.78%(19.79%)
Total Revenue YoY%10.41%7.27%12.88%17.45%16.66%29.18%27.95%38.99%61.29%172.46%165.09%555.00%4,190.06%2,421.14%2,776.89%1,456.44%(71.01%)(97.93%)(98.64%)(101.06%)(93.74%)(16.68%)7.94%13.97%20.06%20.32%16.36%8.82%6.48%.96%4.97%.23%4.28%4.73%.40%1.61%2.28%5.63%4.63%5.62%3.95%(3.80%)(1.96%)3.33%5.17%(1.26%)2.66%
Gross Margin49.69%48.01%45.43%51.06%47.64%44.85%43.26%48.63%44.51%37.87%31.45%34.30%23.09%(11.87%)(23.92%)(78.07%)(734.41%)(574.74%)(677.02%)1,016.08%(287.47%)25.68%41.15%49.07%44.97%42.06%41.67%49.53%43.77%42.00%42.84%48.70%42.75%41.46%41.18%47.73%37.75%35.26%38.31%45.03%36.05%32.66%31.53%40.27%32.80%30.91%30.82%
Earnings to Common Shareholders TTM3,603,000,000$3,247,000,000$2,877,000,000$2,602,000,000$2,500,000,000$2,105,000,000$1,697,000,000$919,756,000$(56,276,000$)(1,036,858,000$)(2,156,000,000$)(3,012,225,000$)(4,469,747,000$)(5,295,420,000$)(5,260,000,000$)(5,270,466,000$)(5,192,668,000$)(5,484,705,000$)(5,797,462,000$)(4,157,391,000$)(1,927,395,000$)184,727,000$1,878,887,000$1,921,454,000$1,848,605,000$1,842,070,000$1,811,042,000$1,783,378,000$1,725,829,000$1,629,060,000$1,625,133,000$1,598,180,000$1,538,595,000$1,398,974,000$1,283,388,000$1,229,101,000$764,631,000$719,693,000$665,783,000$568,752,000$830,213,000$782,919,000$764,146,000$661,396,000$536,849,000$423,923,000$473,692,000$
Earnings to Common Shareholders1,210,000,000$730,000,000$552,000,000$1,111,000,000$854,000,000$360,000,000$277,000,000$1,009,000,000$459,000,000$(48,000,000$)(500,244,000$)32,968,000$(521,582,000$)(1,167,142,000$)(1,356,469,000$)(1,424,554,000$)(1,347,255,000$)(1,131,722,000$)(1,366,935,000$)(1,346,756,000$)(1,639,292,000$)(1,444,479,000$)273,136,000$883,240,000$472,830,000$249,681,000$315,703,000$810,391,000$466,295,000$218,653,000$288,039,000$752,842,000$369,526,000$214,726,000$261,086,000$693,257,000$229,905,000$99,140,000$206,799,000$228,787,000$184,967,000$45,230,000$109,768,000$490,248,000$137,673,000$26,457,000$7,018,000$
Earnings to Common Shareholders QoQ%65.75%32.25%(50.32%)30.09%137.22%29.96%(72.55%)119.83%1,056.25%90.41%(1,617.36%)106.32%55.31%13.96%4.78%(5.74%)(19.05%)17.21%(1.50%)17.85%(13.49%)(628.85%)(69.08%)86.80%89.37%(20.91%)(61.04%)73.79%113.26%(24.09%)(61.74%)103.73%72.09%(17.76%)(62.34%)201.54%131.90%(52.06%)(9.61%)23.69%308.95%(58.80%)(77.61%)256.10%420.37%276.99%(98.08%)
Earnings to Common Shareholders YoY%41.69%102.78%99.28%10.11%86.06%850.00%155.37%2,960.54%188.00%95.89%63.12%102.31%61.29%(3.13%).77%(5.78%)17.82%21.65%(600.46%)(252.48%)(446.70%)(678.53%)(13.48%)8.99%1.40%14.19%9.60%7.64%26.19%1.83%10.32%8.60%60.73%116.59%26.25%203.01%24.30%119.19%88.40%(53.33%)34.35%70.96%1,464.09%34.06%456.32%(65.29%)101.79%
Profit Margin26.66%18.26%14.68%22.74%20.78%9.66%8.32%24.26%13.03%(1.66%)(19.22%)1.10%(23.88%)(110.19%)(138.12%)(311.75%)(2,646.14%)(2,693.68%)(4,004.15%)3,997.73%(933.51%)(71.06%)10.85%27.72%16.85%10.23%13.54%28.98%19.95%10.78%14.37%29.30%16.83%10.69%13.67%27.04%10.92%5.17%10.87%9.07%8.99%2.49%6.04%20.52%6.95%1.40%.38%
Equity to Common Shareholders9,169,000,000$7,960,000,000$7,563,000,000$7,045,000,000$6,008,000,000$5,151,000,000$4,724,000,000$4,422,976,000$3,363,648,000$2,851,618,000$2,869,000,000$3,205,424,000$3,398,098,000$3,988,928,000$5,085,556,000$6,467,498,000$7,884,015,000$9,172,382,000$8,760,669,000$8,328,594,000$8,963,905,000$10,231,775,000$12,163,846,000$11,976,907,000$11,538,403,000$11,269,070,000$11,105,461,000$11,338,135,000$10,773,698,000$10,646,796,000$10,702,303,000$10,435,488,000$9,683,408,000$9,266,830,000$9,121,412,000$8,790,149,000$8,145,665,000$7,887,769,000$8,063,039,000$8,255,786,000$8,320,240,000$7,973,910,000$8,284,359,000$9,021,028,000$8,849,240,000$8,776,932,000$8,808,265,000$
Equity to Common Shareholders QoQ1,209,000,000$397,000,000$518,000,000$1,037,000,000$857,000,000$427,000,000$301,024,000$1,059,328,000$512,030,000$(17,382,000$)(336,424,000$)(192,674,000$)(590,830,000$)(1,096,628,000$)(1,381,942,000$)(1,416,517,000$)(1,288,367,000$)411,713,000$432,075,000$(635,311,000$)(1,267,870,000$)(1,932,071,000$)186,939,000$438,504,000$269,333,000$163,609,000$(232,674,000$)564,437,000$126,902,000$(55,507,000$)266,815,000$752,080,000$416,578,000$145,418,000$331,263,000$644,484,000$257,896,000$(175,270,000$)(192,747,000$)(64,454,000$)346,330,000$(310,449,000$)(736,669,000$)171,788,000$72,308,000$(31,333,000$)46,181,000$
Equity to Common Shareholders QoQ%15.19%5.25%7.35%17.26%16.64%9.04%6.81%31.49%17.96%(.61%)(10.50%)(5.67%)(14.81%)(21.56%)(21.37%)(17.97%)(14.05%)4.70%5.19%(7.09%)(12.39%)(15.88%)1.56%3.80%2.39%1.47%(2.05%)5.24%1.19%(.52%)2.56%7.77%4.50%1.59%3.77%7.91%3.27%(2.17%)(2.34%)(.78%)4.34%(3.75%)(8.17%)1.94%.82%(.36%).53%
Equity to Common Shareholders YoY3,161,000,000$2,809,000,000$2,839,000,000$2,622,024,000$2,644,352,000$2,299,382,000$1,855,000,000$1,217,552,000$(34,450,000$)(1,137,310,000$)(2,216,556,000$)(3,262,074,000$)(4,485,917,000$)(5,183,454,000$)(3,675,113,000$)(1,861,096,000$)(1,079,890,000$)(1,059,393,000$)(3,403,177,000$)(3,648,313,000$)(2,574,498,000$)(1,037,295,000$)1,058,385,000$638,772,000$764,705,000$622,274,000$403,158,000$902,647,000$1,090,290,000$1,379,966,000$1,580,891,000$1,645,339,000$1,537,743,000$1,379,061,000$1,058,373,000$534,363,000$(174,575,000$)(86,141,000$)(221,320,000$)(765,242,000$)(529,000,000$)(803,022,000$)(523,906,000$)258,944,000$482,981,000$438,397,000$499,516,000$
Equity to Common Shareholders YoY%52.61%54.53%60.10%59.28%78.62%80.63%64.66%37.98%(1.01%)(28.51%)(43.59%)(50.44%)(56.90%)(56.51%)(41.95%)(22.35%)(12.05%)(10.35%)(27.98%)(30.46%)(22.31%)(9.21%)9.53%5.63%7.10%5.85%3.77%8.65%11.26%14.89%17.33%18.72%18.88%17.48%13.13%6.47%(2.10%)(1.08%)(2.67%)(8.48%)(5.98%)(9.15%)(5.95%)2.96%5.77%5.26%6.01%
Dividends Paid200,000,000$148,000,000$0$0$162,858,000$163,563,000$163,131,000$146,346,000$146,380,000$146,817,000$146,029,000$126,820,000$126,805,000$127,840,000$128,293,000$103,123,000$103,097,000$102,942,000$102,930,000$0$80,667,000$162,890,000$82,494,000$0$65,973,000$131,745,000$67,095,000$0$55,593,000$76,264,000$89,470,000$
Additional Paid-In Capital QoQ
Treasury Stock2,068,229,000$2,065,959,000$2,065,959,000$2,065,959,000$2,065,959,000$2,063,991,000$2,063,991,000$2,063,991,000$2,063,991,000$2,058,091,000$1,958,509,000$1,958,509,000$1,953,345,000$1,953,345,000$1,953,345,000$1,790,805,000$1,653,345,000$1,378,306,000$1,278,307,000$1,153,308,000$1,153,308,000$1,153,308,000$1,153,308,000$1,103,400,000$1,053,389,000$853,348,000$649,778,000$649,778,000$649,778,000$649,778,000$413,704,000$413,704,000$413,704,000$413,704,000$
Treasury Stock QoQ2,270,000$0$0$0$1,968,000$0$0$0$5,900,000$99,582,000$0$5,164,000$0$0$162,540,000$137,460,000$275,039,000$99,999,000$124,999,000$0$0$0$49,908,000$50,011,000$200,041,000$203,570,000$0$0$0$236,074,000$0$0$0$0$
Price to Sales4.97x5.11x4.95x3.30x3.76x2.84x2.68x2.42x2.39x1.79x2.21x1.56x1.43x1.34x1.90x8.38x12.79x38.81x232.49x93.30x7.59x2.96x1.33x.64x2.55x2.11x2.45x2.42x2.15x2.96x2.45x2.86x2.91x2.94x
Price to Earnings23.72x24.39x23.60x17.02x21.55x17.54x16.41x16.95x19.55x25.66x-------------36.39x14.89x11.82x13.74x13.01x11.27x15.23x12.71x15.45x15.71x15.96x
Price to Book9.32x9.58x9.27x6.94x8.20x6.48x6.83x6.92x7.02x5.34x7.89x5.85x4.40x3.02x2.62x5.36x3.85x3.50x2.75x2.22x1.91x1.67x1.18x.66x2.30x1.90x2.20x2.13x1.84x2.40x2.04x2.36x2.39x2.44x
Goodwill808,000,000$808,000,000$808,000,000$809,000,000$809,000,000$809,000,000$809,000,000$809,206,000$809,250,000$809,258,000$809,000,000$809,201,000$809,298,000$809,435,000$809,383,000$809,373,000$809,435,000$809,459,000$809,480,000$809,471,000$809,384,000$809,216,000$1,385,644,000$1,373,065,000$1,373,124,000$1,378,362,000$1,378,353,000$1,374,923,000$288,418,000$288,479,000$288,512,000$288,517,000$288,479,000$288,470,000$288,386,000$288,461,000$288,399,000$286,852,000$286,764,000$286,707,000$409,836,000$405,422,000$286,958,000$426,538,000$438,367,000$439,345,000$439,231,000$
Goodwill QoQ%.00%.00%(.12%).00%.00%.00%(.03%)(.01%).00%.03%(.03%)(.01%)(.02%).01%.00%(.01%).00%.00%.00%.01%.02%(41.60%).92%.00%(.38%).00%.25%376.71%(.02%)(.01%).00%.01%.00%.03%(.03%).02%.54%.03%.02%(30.04%)1.09%(3.60%)(32.72%)(2.70%)(.22%).03%.59%
Goodwill YoY%(.12%)(.12%)(.12%)(.03%)(.03%)(.03%).00%.00%(.01%)(.02%)(.05%)(.02%)(.02%).00%(.01%)(.01%).01%.03%(41.58%)(41.05%)(41.06%)(41.29%).53%(.14%)376.09%377.80%377.75%376.55%(.02%).00%.04%.02%.03%.56%.57%.61%(29.63%)(29.25%)(31.81%)(32.78%)(6.51%)(7.72%)(34.67%)(2.32%)1.79%2.36%1.45%
Other Intangible Assets404,000,000$418,000,000$426,000,000$434,556,000$444,854,000$447,306,000$450,722,000$454,211,000$488,575,000$491,634,000$495,123,000$498,687,000$502,103,000$0$0$
Other Intangible Assets QoQ(2,452,000$)(3,416,000$)(3,489,000$)(34,364,000$)(3,059,000$)(3,489,000$)(3,564,000$)(3,416,000$)
Amortization of Intangible Assets
Forward Price to Sales MRQ4.71x4.84x4.68x3.46x4.12x2.34x2.49x2.39x2.49x1.42x1.88x1.45x1.21x.81x1.02x5.04x4.99x12.40x106.60x121.06x122.82x-15.00x.83x2.78x1.78x2.26x2.46x2.19x2.43x2.35x3.10x3.18x2.48x
Forward Price to Earnings MRQ17.66x18.15x17.57x18.93x28.08x10.27x12.01x24.77x29.95x5.85x14.46x--73.31x----------25.61x6.43x13.43x24.00x16.16x8.38x11.76x28.78x22.15x8.47x
Total Assets38,542,000,000$37,452,000,000$37,070,000,000$37,067,000,000$36,974,000,000$35,190,000,000$35,131,000,000$32,768,672,000$32,923,348,000$32,870,487,000$33,776,000,000$33,464,190,000$33,943,245,000$32,939,998,000$32,258,355,000$32,665,566,000$33,691,962,000$34,347,073,000$32,465,187,000$31,828,810,000$33,306,543,000$33,445,053,000$30,320,284,000$29,825,461,000$29,808,962,000$28,720,049,000$27,698,270,000$27,093,540,000$24,057,036,000$23,970,972,000$22,360,926,000$22,099,314,000$22,024,168,000$22,017,257,000$22,310,324,000$22,450,262,000$22,471,493,000$20,963,413,000$20,782,043,000$20,958,848,000$21,395,194,000$20,869,593,000$20,713,190,000$19,599,910,000$20,012,211,000$20,126,140,000$20,072,947,000$
Total Assets QoQ1,090,000,000$382,000,000$3,000,000$93,000,000$1,784,000,000$59,000,000$2,362,328,000$(154,676,000$)52,861,000$(905,513,000$)311,810,000$(479,055,000$)1,003,247,000$681,643,000$(407,211,000$)(1,026,396,000$)(655,111,000$)1,881,886,000$636,377,000$(1,477,733,000$)(138,510,000$)3,124,769,000$494,823,000$16,499,000$1,088,913,000$1,021,779,000$604,730,000$3,036,504,000$86,064,000$1,610,046,000$261,612,000$75,146,000$6,911,000$(293,067,000$)(139,938,000$)(21,231,000$)1,508,080,000$181,370,000$(176,805,000$)(436,346,000$)525,601,000$156,403,000$1,113,280,000$(412,301,000$)(113,929,000$)53,193,000$(13,298,000$)
Total Assets YoY1,568,000,000$2,262,000,000$1,939,000,000$4,298,328,000$4,050,652,000$2,319,513,000$1,355,000,000$(695,518,000$)(1,019,897,000$)(69,511,000$)1,517,645,000$798,624,000$251,283,000$(1,407,075,000$)(206,832,000$)836,756,000$385,419,000$902,020,000$2,144,903,000$2,003,349,000$3,497,581,000$4,725,004,000$2,622,014,000$2,731,921,000$5,751,926,000$4,749,077,000$5,337,344,000$4,994,226,000$2,032,868,000$1,953,715,000$50,602,000$(350,948,000$)(447,325,000$)1,053,844,000$1,528,281,000$1,491,414,000$1,076,299,000$93,820,000$68,853,000$1,358,938,000$1,382,983,000$743,453,000$640,243,000$(486,335,000$)61,417,000$260,039,000$245,017,000$
Total Liabilities29,182,000,000$29,310,000,000$29,335,000,000$29,843,000,000$30,792,000,000$29,865,000,000$30,232,000,000$28,172,483,000$29,382,266,000$29,845,066,000$30,907,000,000$30,258,766,000$30,545,147,000$28,951,070,000$27,172,799,000$26,198,068,000$25,807,947,000$25,174,691,000$23,704,518,000$23,500,216,000$23,757,769,000$22,635,853,000$17,586,457,000$17,285,160,000$17,713,789,000$16,901,334,000$16,050,789,000$15,217,635,000$13,283,338,000$13,324,176,000$11,658,623,000$11,663,826,000$12,340,760,000$12,750,427,000$13,188,912,000$13,660,113,000$14,325,828,000$13,075,644,000$12,719,004,000$12,703,062,000$13,074,954,000$12,895,683,000$12,428,831,000$10,578,882,000$11,162,971,000$11,349,208,000$11,264,682,000$
Total Liabilities QoQ(128,000,000$)(25,000,000$)(508,000,000$)(949,000,000$)927,000,000$(367,000,000$)2,059,517,000$(1,209,783,000$)(462,800,000$)(1,061,934,000$)648,234,000$(286,381,000$)1,594,077,000$1,778,271,000$974,731,000$390,121,000$633,256,000$1,470,173,000$204,302,000$(257,553,000$)1,121,916,000$5,049,396,000$301,297,000$(428,629,000$)812,455,000$850,545,000$833,154,000$1,934,297,000$(40,838,000$)1,665,553,000$(5,203,000$)(676,934,000$)(409,667,000$)(438,485,000$)(471,201,000$)(665,715,000$)1,250,184,000$356,640,000$15,942,000$(371,892,000$)179,271,000$466,852,000$1,849,949,000$(584,089,000$)(186,237,000$)84,526,000$(59,479,000$)
Total Liabilities YoY(1,610,000,000$)(555,000,000$)(897,000,000$)1,670,517,000$1,409,734,000$19,934,000$(675,000,000$)(2,086,283,000$)(1,162,881,000$)893,996,000$3,734,201,000$4,060,698,000$4,737,200,000$3,776,379,000$3,468,281,000$2,697,852,000$2,050,178,000$2,538,838,000$6,118,061,000$6,215,056,000$6,043,980,000$5,734,519,000$1,535,668,000$2,067,525,000$4,430,451,000$3,577,158,000$4,392,166,000$3,553,809,000$942,578,000$573,749,000$(1,530,289,000$)(1,996,287,000$)(1,985,068,000$)(325,217,000$)469,908,000$957,051,000$1,250,874,000$179,961,000$290,173,000$2,124,180,000$1,911,983,000$1,546,475,000$1,164,149,000$(745,279,000$)(421,564,000$)(178,358,000$)(254,499,000$)
Current Ratio.23x.18x.17x.19x.19x.19x.19x.19x.20x.26x.37x.29x.30x.40x.49x.79x1.07x1.70x.95x.76x.99x.51x.15x.17x.17x.16x.17x.19x.20x.20x.19x.16x.15x.14x.17x.18x.20x.20x.19x.21x.19x.22x.21x.23x.28x.30x.22x
Total Current Assets2,450,000,000$1,828,000,000$1,705,000,000$1,831,000,000$1,886,000,000$1,870,000,000$1,792,000,000$1,780,709,000$1,968,835,000$2,413,597,000$3,205,000,000$2,837,046,000$3,560,888,000$3,176,939,000$3,600,271,000$4,167,381,000$5,009,230,000$5,649,969,000$4,311,747,000$3,531,795,000$4,684,440,000$4,594,201,000$1,162,628,000$1,203,957,000$1,282,967,000$1,333,122,000$1,242,044,000$1,359,000,000$1,099,896,000$1,034,526,000$907,637,000$798,152,000$767,641,000$756,689,000$748,305,000$803,069,000$857,938,000$892,286,000$837,022,000$900,826,000$913,391,000$951,203,000$801,083,000$860,226,000$978,340,000$1,010,933,000$956,374,000$
Total Current Assets QoQ622,000,000$123,000,000$(126,000,000$)(55,000,000$)16,000,000$78,000,000$11,291,000$(188,126,000$)(444,762,000$)(791,403,000$)367,954,000$(723,842,000$)383,949,000$(423,332,000$)(567,110,000$)(841,849,000$)(640,739,000$)1,338,222,000$779,952,000$(1,152,645,000$)90,239,000$3,431,573,000$(41,329,000$)(79,010,000$)(50,155,000$)91,078,000$(116,956,000$)259,104,000$65,370,000$126,889,000$109,485,000$30,511,000$10,952,000$8,384,000$(54,764,000$)(54,869,000$)(34,348,000$)55,264,000$(63,804,000$)(12,565,000$)(37,812,000$)150,120,000$(59,143,000$)(118,114,000$)(32,593,000$)54,559,000$(62,301,000$)
Total Current Liabilities10,573,000,000$10,300,000,000$9,817,000,000$9,631,000,000$9,894,000,000$9,905,000,000$9,401,000,000$9,241,685,000$9,666,865,000$9,441,544,000$8,573,000,000$9,793,994,000$11,719,382,000$8,007,164,000$7,285,683,000$5,242,920,000$4,679,715,000$3,314,830,000$4,537,121,000$4,625,465,000$4,736,908,000$8,982,370,000$7,952,896,000$7,113,534,000$7,586,140,000$8,105,943,000$7,112,165,000$7,072,942,000$5,502,350,000$5,195,154,000$4,854,873,000$5,057,112,000$5,285,953,000$5,271,742,000$4,441,601,000$4,500,570,000$4,373,631,000$4,397,944,000$4,292,692,000$4,360,491,000$4,791,538,000$4,336,291,000$3,849,247,000$3,737,740,000$3,549,420,000$3,382,779,000$4,267,010,000$
Total Current Liabilities QoQ273,000,000$483,000,000$186,000,000$(263,000,000$)(11,000,000$)504,000,000$159,315,000$(425,180,000$)225,321,000$868,544,000$(1,220,994,000$)(1,925,388,000$)3,712,218,000$721,481,000$2,042,763,000$563,205,000$1,364,885,000$(1,222,291,000$)(88,344,000$)(111,443,000$)(4,245,462,000$)1,029,474,000$839,362,000$(472,606,000$)(519,803,000$)993,778,000$39,223,000$1,570,592,000$307,196,000$340,281,000$(202,239,000$)(228,841,000$)14,211,000$830,141,000$(58,969,000$)126,939,000$(24,313,000$)105,252,000$(67,799,000$)(431,047,000$)455,247,000$487,044,000$111,507,000$188,320,000$166,641,000$(884,231,000$)(577,555,000$)
Debt to Asset Ratio.76x.78x.79x.81x.83x.85x.86x.86x.89x.91x.92x.90x.90x.88x.84x.80x.77x.73x.73x.74x.71x.68x.58x.58x.59x.59x.58x.56x.55x.56x.52x.53x.56x.58x.59x.61x.64x.62x.61x.61x.61x.62x.60x.54x.56x.56x.56x
Long Term Debt17,612,000,000$17,993,000,000$18,363,000,000$18,972,000,000$19,785,000,000$18,876,000,000$19,389,000,000$17,924,927,000$18,685,633,000$19,404,804,000$20,986,000,000$19,384,226,000$17,746,721,000$19,943,513,000$18,426,404,000$19,882,760,000$20,078,789,000$20,714,376,000$17,796,447,000$17,633,737,000$17,753,424,000$12,273,322,000$8,217,413,000$8,615,537,000$8,703,905,000$7,432,203,000$8,355,370,000$7,646,988,000$7,341,463,000$7,664,722,000$6,350,937,000$6,076,499,000$6,478,806,000$6,841,403,000$8,101,701,000$8,419,850,000$9,153,499,000$7,806,690,000$7,627,701,000$7,584,808,000$7,592,330,000$7,470,260,000$7,644,318,000$6,213,829,000$7,099,269,000$7,461,530,000$6,511,426,000$
Long Term Debt QoQ(381,000,000$)(370,000,000$)(609,000,000$)(813,000,000$)909,000,000$(513,000,000$)1,464,073,000$(760,706,000$)(719,171,000$)(1,581,196,000$)1,601,774,000$1,637,505,000$(2,196,792,000$)1,517,109,000$(1,456,356,000$)(196,029,000$)(635,587,000$)2,917,929,000$162,710,000$(119,687,000$)5,480,102,000$4,055,909,000$(398,124,000$)(88,368,000$)1,271,702,000$(923,167,000$)708,382,000$305,525,000$(323,259,000$)1,313,785,000$274,438,000$(402,307,000$)(362,597,000$)(1,260,298,000$)(318,149,000$)(733,649,000$)1,346,809,000$178,989,000$42,893,000$(7,522,000$)122,070,000$(174,058,000$)1,430,489,000$(885,440,000$)(362,261,000$)950,104,000$530,514,000$
Long Term Debt YoY(2,173,000,000$)(883,000,000$)(1,026,000,000$)1,047,073,000$1,099,367,000$(528,804,000$)(1,597,000,000$)(1,459,299,000$)938,912,000$(538,709,000$)2,559,596,000$(498,534,000$)(2,332,068,000$)(770,863,000$)629,957,000$2,249,023,000$2,325,365,000$8,441,054,000$9,579,034,000$9,018,200,000$9,049,519,000$4,841,119,000$(137,957,000$)968,549,000$1,362,442,000$(232,519,000$)2,004,433,000$1,570,489,000$862,657,000$823,319,000$(1,750,764,000$)(2,343,351,000$)(2,674,693,000$)(965,287,000$)474,000,000$835,042,000$1,561,169,000$336,430,000$(16,617,000$)1,370,979,000$493,061,000$8,730,000$1,132,892,000$232,917,000$751,629,000$1,485,640,000$(459,038,000$)
Capital Lease Obligations723,000,000$730,000,000$744,000,000$716,000,000$655,000,000$666,000,000$678,000,000$598,320,000$619,438,000$587,915,000$603,000,000$617,755,000$632,811,000$598,158,000$603,648,000$620,440,000$618,393,000$644,758,000$666,553,000$648,745,000$672,206,000$682,862,000$698,617,000$713,628,000$736,611,000$796,868,000$
Interest Expenses424,000,000$346,481,000$340,620,000$355,512,000$360,000,000$431,448,000$352,187,000$302,706,000$277,659,000$284,014,000$430,661,000$304,811,000$272,514,000$273,089,000$259,349,000$218,889,000$92,911,000$94,756,000$102,038,000$111,304,000$100,415,000$97,420,000$86,510,000$81,864,000$67,878,000$69,800,000$73,233,000$76,632,000$80,317,000$80,567,000$82,610,000$78,747,000$65,446,000$64,127,000$66,819,000$76,620,000$70,159,000$64,368,000$60,100,000$65,260,000$68,571,000$75,709,000$
Cash and Cash Equivalents735,000,000$386,000,000$388,000,000$418,000,000$391,000,000$437,000,000$497,000,000$600,117,000$726,424,000$1,226,871,000$1,935,000,000$1,566,213,000$2,102,205,000$1,968,504,000$2,701,770,000$3,289,326,000$4,250,369,000$5,091,463,000$3,684,474,000$3,016,788,000$4,146,691,000$3,890,811,000$243,738,000$276,730,000$235,001,000$248,197,000$287,852,000$254,821,000$108,998,000$111,245,000$120,112,000$139,950,000$130,477,000$109,309,000$132,603,000$117,360,000$121,565,000$147,419,000$159,360,000$229,705,000$189,241,000$183,181,000$185,262,000$216,508,000$204,687,000$
Cash and Cash Equivalents QoQ349,000,000$(2,000,000$)(30,000,000$)27,000,000$(46,000,000$)(60,000,000$)(103,117,000$)(126,307,000$)(500,447,000$)(708,129,000$)368,787,000$(535,992,000$)133,701,000$(733,266,000$)(587,556,000$)(961,043,000$)(841,094,000$)1,406,989,000$667,686,000$(1,129,903,000$)255,880,000$3,647,073,000$(32,992,000$)41,729,000$(13,196,000$)(39,655,000$)33,031,000$145,823,000$(2,247,000$)(8,867,000$)(19,838,000$)9,473,000$21,168,000$(23,294,000$)(4,205,000$)(25,854,000$)(11,941,000$)(70,345,000$)40,464,000$6,060,000$(2,081,000$)(31,246,000$)11,821,000$(4,880,000$)
Cash and Cash Equivalents YoY344,000,000$(51,000,000$)(109,000,000$)(182,117,000$)(335,424,000$)(789,871,000$)(1,438,000,000$)(966,096,000$)(1,375,781,000$)(741,633,000$)(766,770,000$)(1,723,113,000$)(2,148,164,000$)(3,122,959,000$)(982,704,000$)272,538,000$103,678,000$1,200,652,000$3,440,736,000$2,740,058,000$3,911,690,000$3,642,614,000$(44,114,000$)21,909,000$126,003,000$136,952,000$167,740,000$114,871,000$(21,479,000$)1,936,000$(12,491,000$)(8,051,000$)11,038,000$(112,345,000$)(67,676,000$)(35,762,000$)(25,902,000$)13,197,000$(15,446,000$)(26,386,000$)(19,912,000$)620,000$9,832,000$
Interest Income