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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 4.92B | 19.8% |
| Gross Profit | 1.67B | 52.4% |
| Cost of Revenue | 3.25B | 8% |
| Operating expense | 861M | 0.2% |
| Net Income | 1.11B | 30.1% |
| EBITDA | 2.04B | 37% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 37.1B | 0.3% |
| Total Liabilities | 29.8B | 3.1% |
| Total Equity | 7.05B | 17.3% |
| Shares Outstanding | 263M | 2.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 897M | 43% |
| Cash from investing | -311M | 85.9% |
| Cash from financing | -559M | 196.4% |
EPS
Financial Highlights for Royal Caribbean Cruises in Q3 '24
Royal Caribbean Cruises reported a revenue of 4.92B, which is a 19.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.67B, marking a 52.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.25B, a 8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 861M, showing a 0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.11B, showing a 30.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 2.04B, showing a 37% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Royal Caribbean Cruises with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
