皇家加勒比邮轮 2024年度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission file number: 1-11884 ROYAL CARIBBEAN CRUISES LTD. (Exact name of registrant as specified in its charter) (305) 539-6000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesNo☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of theNo☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report. Yes☐No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☐ The aggregate market value of the registrant's common stock at June 28, 2024 (based upon the closing sale price of thecommon stock on the New York Stock Exchange on June 28, 2024) held by those persons deemed by the registrant to be non-affiliates was approximately $37.8 billion. There were 269,128,754 shares of common stock outstanding as of February 11, 2025. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's Definitive Proxy Statement relating to its 2025 Annual Meeting of Shareholders are incorporated byreference in Part III, Items 10-14 of this Annual Report on Form 10-K as indicated herein. Table of Contents ROYAL CARIBBEAN CRUISES LTD.TABLE OF CONTENTS Page PART I Item 1.Business2Item 1A.Risk Factors22Item 1B.Unresolved Staff Comments23Item 1C.Cybersecurity23Item 2.Properties24Item 3.Legal Proceedings24Item 4.Mine Safety Disclosures24PART IIItem 5.Market for Registrant's Common Equity, Related Stockholder Matters25 and Issuer Purchases of Equity SecuritiesItem 6.Reserved27Item 7.Management's Discussion and Analysis of Financial Condition andResults of Operations28Item 7A.Quantitative and Qualitative Disclosures About Market Risk49Item 8.Financial Statements and Supplementary Data51Item 9.Changes In and Disagreements With Accountants on Accounting andFinancial Disclosure51Item 9A.Controls and Procedures52Item 9B.Other Information52Item 9C.Disclosure Regarding Foreign Jurisdictions that PreventInspections52PART IIIItem 10.Directors, Executive Officers and Corporate Governance53Item 11.Executive Compensation53Item 12.Security Ownership of Certain Beneficial Owners and Managementand Related Stockholder Matters53Item 13.Certain Relationships and Related Transactions, and DirectorIndependence53Item 14.P