Summary of Significant Accounting Policies (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of reconciliation between basic and diluted earnings per share |
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| Net income |
|
$ |
470,378 |
|
|
$ |
400,692 |
|
|
$ |
800,209 |
|
|
$ |
661,075 |
|
| Basic weighted-average shares outstanding |
|
|
221,511,630 |
|
|
|
228,267,307 |
|
|
|
224,033,156 |
|
|
|
227,891,916 |
|
| Dilutive effect of share awards |
|
|
1,241,108 |
|
|
|
1,549,649 |
|
|
|
1,389,229 |
|
|
|
1,265,341 |
|
| Diluted weighted-average shares outstanding |
|
|
222,752,738 |
|
|
|
229,816,956 |
|
|
|
225,422,385 |
|
|
|
229,157,257 |
|
| Basic earnings per share |
|
$ |
2.12 |
|
|
$ |
1.76 |
|
|
$ |
3.57 |
|
|
$ |
2.90 |
|
| Diluted earnings per share |
|
$ |
2.11 |
|
|
$ |
1.74 |
|
|
$ |
3.55 |
|
|
$ |
2.88 |
|
|
| Schedule of revenues by destination |
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| North America |
|
$ |
997,550 |
|
|
$ |
873,062 |
|
|
$ |
2,724,298 |
|
|
$ |
2,493,101 |
|
| Europe |
|
|
763,680 |
|
|
|
679,168 |
|
|
|
1,227,046 |
|
|
|
1,125,274 |
|
| Asia-Pacific |
|
|
77,986 |
|
|
|
79,439 |
|
|
|
499,377 |
|
|
|
268,383 |
|
| Other |
|
|
19,140 |
|
|
|
20,069 |
|
|
|
223,212 |
|
|
|
259,864 |
|
| Total revenue |
|
$ |
1,858,356 |
|
|
$ |
1,651,738 |
|
|
$ |
4,673,933 |
|
|
$ |
4,146,622 |
|
|
| Schedule of impacts of Topic 606 adoption on consolidated balance sheet |
| |
|
As Reported |
|
|
Adjustments |
|
|
Balances Without
Adoption of
Topic 606 |
|
| Prepaid expenses and other assets |
|
$ |
298,435 |
|
|
$ |
(59,881 |
) |
|
$ |
238,554 |
|
| Total assets |
|
$ |
15,316,122 |
|
|
$ |
(59,881 |
) |
|
$ |
15,256,241 |
|
| Advance ticket sales |
|
$ |
1,648,742 |
|
|
$ |
(59,881 |
) |
|
$ |
1,588,861 |
|
| Total liabilities and shareholders’ equity |
|
$ |
15,316,122 |
|
|
$ |
(59,881 |
) |
|
$ |
15,256,241 |
|
|
| Schedule of impacts of adoption of Topic 606 on consolidated statement of cash flows |
| |
|
As Reported |
|
|
Adjustments |
|
|
Balances Without
Adoption of
Topic 606 |
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Prepaid expenses and other assets |
|
$ |
(34,668 |
) |
|
$ |
8,282 |
|
|
$ |
(26,386 |
) |
| Advance ticket sales |
|
$ |
316,268 |
|
|
$ |
(8,282 |
) |
|
$ |
307,986 |
|
| Net cash provided by operating activities |
|
$ |
1,720,101 |
|
|
$ |
— |
|
|
$ |
1,720,101 |
|
|