Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 184,359 $ 190,765
Accounts receivable, net 270,520 221,412
Inventories 155,712 149,718
Prepaid expenses and other assets 534,905 448,209
Total current assets 1,145,496 1,010,104
Property and equipment, net 18,112,831 16,810,650
Goodwill 135,764 135,764
Trade names 500,525 500,525
Other long-term assets 1,459,727 1,512,768
Total assets 21,354,343 19,969,811
Current liabilities:    
Current portion of long-term debt 1,121,941 1,323,769
Accounts payable 161,778 171,106
Accrued expenses and other liabilities 1,048,513 1,180,026
Advance ticket sales 3,762,256 3,105,964
Total current liabilities 6,094,488 5,780,865
Long-term debt 12,871,840 11,776,721
Other long-term liabilities 971,481 986,786
Total liabilities 19,937,809 18,544,372
Commitments and contingencies (Note 10)
Shareholders' equity:    
Ordinary shares, $0.001 par value; 980,000,000 shares authorized; 443,439,387 shares issued and outstanding at March 31, 2025 and 439,861,281 shares issued and outstanding at December 31, 2024 443 440
Additional paid-in capital 7,918,391 7,921,918
Accumulated other comprehensive income (loss) (472,125) (507,039)
Accumulated deficit (6,030,175) (5,989,880)
Total shareholders' equity 1,416,534 1,425,439
Total liabilities and shareholders' equity $ 21,354,343 $ 19,969,811