Summary of Significant Accounting Policies (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of reconciliation between basic and diluted earnings per share |
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| Net income |
|
$ |
226,676 |
|
|
$ |
198,473 |
|
|
$ |
329,831 |
|
|
$ |
260,383 |
|
| Basic weighted-average shares outstanding |
|
|
223,308,350 |
|
|
|
227,931,135 |
|
|
|
225,314,816 |
|
|
|
227,701,109 |
|
| Dilutive effect of share awards |
|
|
1,082,529 |
|
|
|
1,158,950 |
|
|
|
1,463,290 |
|
|
|
1,123,187 |
|
| Diluted weighted-average shares outstanding |
|
|
224,390,879 |
|
|
|
229,090,085 |
|
|
|
226,778,106 |
|
|
|
228,824,296 |
|
| Basic earnings per share |
|
$ |
1.02 |
|
|
$ |
0.87 |
|
|
$ |
1.46 |
|
|
$ |
1.14 |
|
| Diluted earnings per share |
|
$ |
1.01 |
|
|
$ |
0.87 |
|
|
$ |
1.45 |
|
|
$ |
1.14 |
|
|
| Schedule of revenues by destination |
| |
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| North America |
|
$ |
851,569 |
|
|
$ |
769,368 |
|
|
$ |
1,726,748 |
|
|
$ |
1,620,039 |
|
| Europe |
|
|
432,296 |
|
|
|
419,944 |
|
|
|
463,366 |
|
|
|
446,106 |
|
| Asia-Pacific |
|
|
153,673 |
|
|
|
55,514 |
|
|
|
421,391 |
|
|
|
188,944 |
|
| Other |
|
|
84,636 |
|
|
|
99,277 |
|
|
|
204,072 |
|
|
|
239,795 |
|
| Total revenue |
|
$ |
1,522,174 |
|
|
$ |
1,344,103 |
|
|
$ |
2,815,577 |
|
|
$ |
2,494,884 |
|
|
| Schedule of impacts of Topic 606 adoption on consolidated balance sheet |
| |
|
As reported |
|
|
Adjustments |
|
|
Balances without
adoption of Topic
606 |
|
| Prepaid expenses and other assets |
|
$ |
329,135 |
|
|
$ |
(81,936 |
) |
|
$ |
247,199 |
|
| Total assets |
|
|
15,329,646 |
|
|
|
(81,936 |
) |
|
|
15,247,710 |
|
| Advance ticket sales |
|
|
1,951,701 |
|
|
|
(81,936 |
) |
|
|
1,869,765 |
|
| Total liabilities and shareholders’ equity |
|
$ |
15,329,646 |
|
|
$ |
(81,936 |
) |
|
$ |
15,247,710 |
|
|
| Schedule of impacts of adoption of Topic 606 on consolidated statement of cash flows |
| |
|
As reported |
|
|
Adjustments |
|
|
Balances without
adoption of Topic
606 |
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Prepaid expenses and other assets |
|
$ |
(74,980 |
) |
|
$ |
30,337 |
|
|
$ |
(44,643 |
) |
| Advance ticket sales |
|
|
612,332 |
|
|
|
(30,337 |
) |
|
|
581,995 |
|
| Net cash provided by operating activities |
|
$ |
1,253,801 |
|
|
$ |
— |
|
|
$ |
1,253,801 |
|
|