RCG Q2 Earnings Released

[livingonthebeach]

https://www.rclinvestor.com/press-releases/release/?id=1488

[drsel]

Kindly give us the gist of it

 

 

[bouhunter]

3 minutes ago, drsel said:

Kindly give us the gist of it

 

 

Net loss of 1.6 billion for the second quarter.

[livingonthebeach]

Just now, drsel said:

Kindly give us the gist of it

 

 

 

Bottom line: Adjusted Net Loss of $(1.3) billion or $(6.13) per share. RCL stock is down slightly. There is an earnings call at 10am today to go over all the info.  Here's the link:

https://www.rclinvestor.com

 

[livingonthebeach]

Stock price going up now so loss looks like it was already factored in.  Not sure what the projection was.  Anyone know?

[HaveWeMetYet]

9 minutes ago, livingonthebeach said:

Stock price going up now so loss looks like it was already factored in.  Not sure what the projection was.  Anyone know?

Royal Caribbean posted a loss of $1.6 billion, or $7.83 a share, in the quarter, swinging from a profit of $472.8 million, or $2.25 a share, in the year-earlier quarter.

Consensus called for an adjusted loss of $4.82 a share in the latest quarter.

[livingonthebeach]

RCL stock price up 10% just now.  Earnings loss doesn't seem to have affected it for now.  Earnings call in session now -- explanations look positive. 

[jwc1027]

the company said it had $1.8 billion of customer deposits, and that 48% of those who had their trips cancelled requested their cash back.

[MakingUpForLostTime]

20 minutes ago, jwc1027 said:

the company said it had $1.8 billion of customer deposits, and that 48% of those who had their trips cancelled requested their cash back.

It also has 1.6B of debt to be repaid this year. As time goes on and more deposits are refunded plus this debt payback plus Monthly cash burn of over 250m, time is limited. Bankruptcy by June 2021.

[MakingUpForLostTime]

They have revenues of $175.6m. From what?

[drsel]

It also has 1.6B of debt to be repaid this year. As time goes on and more deposits are refunded plus this debt payback plus Monthly cash burn of over 250m, time is limited. Bankruptcy by June 2021.

So, for those who would like to cruise on Royal Caribbean, do we have to do it before June 2021?

[livingonthebeach]

Passenger ticket revenues	$	107,022,000
Onboard and other revenues	68,583,000
Total revenue	175,605,000

 

Not sure what the onboard or other revenue of 68.5K for Q2 could be?  Selling of some assets perhaps? 

[The_Big_M]

Guess people are happy to lose money.

[MakingUpForLostTime]

1 minute ago, livingonthebeach said:

Passenger ticket revenues	$	107,022,000
Onboard and other revenues	68,583,000
Total revenue	175,605,000

 

Not sure what the onboard or other revenue of 68.5K for Q2 could be?  Selling of some assets perhaps? 

Passenger ticket revenues of 107m is not the disposition of assets.

[livingonthebeach]

2 minutes ago, drsel said:

13 minutes ago, MakingUpForLostTime said:

It also has 1.6B of debt to be repaid this year. As time goes on and more deposits are refunded plus this debt payback plus Monthly cash burn of over 250m, time is limited. Bankruptcy by June 2021.

So, for those who would like to cruise on Royal Caribbean, do we have to do it before June 2021?

 

If Covid permits.  Up to the CDC for sailings out of US.  

[The_Big_M]

1 minute ago, livingonthebeach said:

Passenger ticket revenues	$	107,022,000
Onboard and other revenues	68,583,000
Total revenue	175,605,000

 

Not sure what the onboard or other revenue of 68.5K for Q2 could be?  Selling of some assets perhaps? 

 

People buying drink packages, excursions and so on online in advance maybe.

[MakingUpForLostTime]

3 minutes ago, drsel said:

15 minutes ago, MakingUpForLostTime said:

It also has 1.6B of debt to be repaid this year. As time goes on and more deposits are refunded plus this debt payback plus Monthly cash burn of over 250m, time is limited. Bankruptcy by June 2021.

So, for those who would like to cruise on Royal Caribbean, do we have to do it before June 2021?

They can decide their level of risk.

[ipeeinthepool]

13 minutes ago, MakingUpForLostTime said:

They have revenues of $175.6m. From what?

 

If I remember correctly there were some deferred earnings from Silversea

[Seville2Cabo]

14 minutes ago, MakingUpForLostTime said:

It also has 1.6B of debt to be repaid this year. As time goes on and more deposits are refunded plus this debt payback plus Monthly cash burn of over 250m, time is limited. Bankruptcy by June 2021.

The $1.6B is thru the end of 2021, not 2020

[livingonthebeach]

Just now, MakingUpForLostTime said:

Passenger ticket revenues of 107m is not the disposition of assets.

 

Of course not - never said it was.  I was referring to the 68.5M in other revenue.  

[livingonthebeach]

1 minute ago, The_Big_M said:

 

People buying drink packages, excursions and so on online in advance maybe.

 

Yes, could be part of it. Good point. 

[MakingUpForLostTime]

1 minute ago, The_Big_M said:

 

People buying drink packages, excursions and so on online in advance maybe.

That would be prepaid.

[MakingUpForLostTime]

Just now, MakingUpForLostTime said:

That would be prepaid.

GAAP would not allow recognition of prepaid as revenues.

[MakingUpForLostTime]

3 minutes ago, livingonthebeach said:

 

Of course not - never said it was.  I was referring to the 68.5M in other revenue.  

Yes thanks. It could be the scraping of the Ships?

[jwc1027]

Richard Fain live on CNBC and when asked when cruising will return he said with COVID nothing is certain. Ok...guess we got that nailed down.