Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of effects of the change on consolidated statements of cash flows |
| |
|
Year Ended December 31, |
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| |
|
2017 |
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|
2016 |
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| |
|
As
Reported |
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|
Previously
Reported |
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|
Effect of
Change |
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|
As
Reported
|
|
|
Previously
Reported |
|
|
Effect of
Change |
|
| Cash flows from operating activities |
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| Adjustments to reconcile net income to net cash provided by operating activities: |
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| Loss on extinguishment of debt (previously write-off of financing fees) |
|
$ |
22,211 |
|
|
$ |
6,705 |
|
|
$ |
15,506 |
|
|
$ |
38,180 |
|
|
$ |
18,930 |
|
|
$ |
19,250 |
|
| Changes in operating assets and liabilities: |
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| Prepaid expenses and other assets |
|
$ |
(22,714 |
) |
|
$ |
(22,714 |
) |
|
$ |
— |
|
|
$ |
(13,363 |
) |
|
$ |
(18,534 |
) |
|
$ |
5,171 |
|
| Net cash provided by operating activities |
|
$ |
1,601,247 |
|
|
$ |
1,585,741 |
|
|
$ |
15,506 |
|
|
$ |
1,264,087 |
|
|
$ |
1,239,666 |
|
|
$ |
24,421 |
|
| |
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| Cash flows from financing activities |
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| Early redemption premium |
|
$ |
(15,506 |
) |
|
$ |
— |
|
|
$ |
(15,506 |
) |
|
$ |
(19,250 |
) |
|
$ |
— |
|
|
$ |
(19,250 |
) |
| Deferred financing fees and other |
|
$ |
(56,195 |
) |
|
$ |
(56,195 |
) |
|
$ |
— |
|
|
$ |
(54,060 |
) |
|
$ |
(48,889 |
) |
|
$ |
(5,171 |
) |
| Net cash used in financing activities |
|
$ |
(148,506 |
) |
|
$ |
(133,000 |
) |
|
$ |
(15,506 |
) |
|
$ |
(122,763 |
) |
|
$ |
(98,342 |
) |
|
$ |
(24,421 |
) |
|
| Schedule of reconciliation between basic and diluted EPS |
| |
|
Year Ended December 31, |
|
| |
|
2018 |
|
|
2017 |
|
|
2016 |
|
| Net income |
|
$ |
954,843 |
|
|
$ |
759,872 |
|
|
$ |
633,085 |
|
| Basic weighted-average shares outstanding |
|
|
223,001,739 |
|
|
|
228,040,825 |
|
|
|
227,121,875 |
|
| Dilutive effect of share awards |
|
|
1,417,466 |
|
|
|
1,377,501 |
|
|
|
728,411 |
|
| Diluted weighted-average shares outstanding |
|
|
224,419,205 |
|
|
|
229,418,326 |
|
|
|
227,850,286 |
|
| Basic earnings per share |
|
$ |
4.28 |
|
|
$ |
3.33 |
|
|
$ |
2.79 |
|
| Diluted earnings per share |
|
$ |
4.25 |
|
|
$ |
3.31 |
|
|
$ |
2.78 |
|
|
| Schedule of estimated residual values of ships |
| |
Useful Life |
| Ships |
30 years |
| Computer hardware and software |
3-10 years |
| Other property and equipment |
3-40 years |
| Leasehold improvements |
Shorter of lease term or asset life |
| Ship improvements |
Shorter of asset life or life of the ship |
|
| Schedule of revenues by destination |
| |
|
Year Ended December 31, |
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| |
|
2018 |
|
|
2017 |
|
|
2016 |
|
| North America |
|
$ |
3,543,282 |
|
|
$ |
3,285,903 |
|
|
$ |
3,132,208 |
|
| Europe |
|
|
1,462,698 |
|
|
|
1,347,381 |
|
|
|
1,148,403 |
|
| Asia-Pacific |
|
|
721,404 |
|
|
|
394,631 |
|
|
|
196,978 |
|
| Other |
|
|
327,742 |
|
|
|
368,260 |
|
|
|
396,751 |
|
| Total Revenues |
|
$ |
6,055,126 |
|
|
$ |
5,396,175 |
|
|
$ |
4,874,340 |
|
|