Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 256,508 $ 209,893
Accounts receivable, net 241,186 291,659
Inventories 187,700 138,181
Prepaid expenses and other assets 608,366 498,808
Total current assets 1,293,760 1,138,541
Property and equipment, net 20,364,242 19,068,807
Goodwill 135,764 135,764
Trade names 500,525 500,525
Other long-term assets 1,718,818 1,697,764
Total assets 24,013,109 22,541,401
Current liabilities:    
Current portion of long-term debt 1,134,959 875,899
Accounts payable 177,965 169,655
Accrued expenses and other liabilities 1,295,194 1,206,430
Advance ticket sales 3,141,976 3,200,593
Total current liabilities 5,750,094 5,452,577
Long-term debt 13,951,544 13,730,277
Other long-term liabilities 1,162,523 1,148,659
Total liabilities 20,864,161 20,331,513
Commitments and contingencies (Note 10)
Shareholders' equity:    
Ordinary shares, $0.001 par value; 980,000,000 shares authorized; 459,272,300 shares issued and outstanding at September 30, 2026 and 455,257,489 shares issued and outstanding at December 31, 2025 459 455
Additional paid-in capital 8,263,732 8,227,432
Accumulated other comprehensive income (loss) (367,293) (451,365)
Accumulated deficit (4,747,950) (5,566,634)
Total shareholders' equity 3,148,948 2,209,888
Total liabilities and shareholders' equity $ 24,013,109 $ 22,541,401