ROYAL CARIBBEAN CRUISES LTD (RCL) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
RCL currently has 270M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 6.9% over the past 2 years.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| Apr 30, 2026 |
10-Q filing | 270.0M shares outstanding |
270M | 0 |
| Oct 28, 2025 |
10-Q filing | 272.0M shares outstanding |
270M | 0 |
| Jul 29, 2025 |
10-Q filing | 272.0M shares outstanding |
270M | 0 |
| Apr 29, 2025 |
10-Q filing | 269.0M shares outstanding |
270M | 0 |
| Mar 19, 2025 |
8-K filing: Royal Caribbean Cruises Ltd. completed exchange transactions, exchanging approximately $213 million in principal amount of 2025 Notes for approximately 3.3 million shares of the Company's common stock and approximately $214 million in cash. |
260M | 0 |
| Feb 14, 2025 |
10-K filing | 261.0M shares outstanding |
260M | 0 |
| Oct 29, 2024 |
10-Q filing | 264.0M shares outstanding |
260M | 0 |
| Aug 20, 2024 |
8-K filing: Royal Caribbean Cruises Ltd. completed privately negotiated exchange transactions, exchanging approximately $827 million in aggregate principal amount of 2025 Notes for approximately 11.4 million shares of the Company's common stock and approximately $827 million in cash. |
260M | 0 |
| Jul 25, 2024 |
10-Q filing | 257.0M shares outstanding |
260M | 0 |
| Apr 25, 2024 |
10-Q filing | 257.0M shares outstanding |
260M | 0 |
| Feb 21, 2024 |
10-K filing | 256.0M shares outstanding |
260M | 0 |
| Oct 26, 2023 |
10-Q filing | 256.2M shares outstanding |
260M | 0 |
| Jul 27, 2023 |
10-Q filing | 255.8M shares outstanding |
260M | 0 |
| May 04, 2023 |
10-Q filing | 255.5M shares outstanding |
260M | 0 |
| Feb 23, 2023 |
10-K filing | 255.0M shares outstanding |
260M | 0 |
| Nov 03, 2022 |
10-Q filing | 255.1M shares outstanding |
260M | 0 |
| Jul 29, 2022 |
10-Q filing | 255.0M shares outstanding |
250M | 0 |
| May 05, 2022 |
10-Q filing | 254.8M shares outstanding |
250M | 0 |
| Mar 01, 2022 |
10-K filing | 251.8M shares outstanding |
250M | 0 |
| Oct 29, 2021 |
10-Q filing | 254.7M shares outstanding |
250M | 0 |
| Aug 05, 2021 |
10-Q filing | 254.6M shares outstanding |
250M | 0 |
| Apr 29, 2021 |
10-Q filing | 243.0M shares outstanding |
240M | 0 |
| Mar 03, 2021 |
8-K filing: Royal Caribbean Cruises Ltd. completed an offering of 16,938,148 shares of common stock at $91.00 per share, resulting in net proceeds of approximately $1,500.5 million for general corporate purposes. ($1500.5M proceeds) |
210M | 0 |
| Feb 26, 2021 |
10-K filing | 214.3M shares outstanding |
210M | 0 |
| Dec 31, 2020 |
8-K filing: Royal Caribbean Cruises Ltd. sold 13,045,927 shares of common stock under its "at-the-market" equity offering program and received aggregate gross proceeds of $1.0 billion, exhausting the program in full. ($1000.0M proceeds) |
210M | 0 |
| Nov 04, 2020 |
10-Q filing | 214.2M shares outstanding |
210M | 0 |
| Oct 16, 2020 |
8-K filing: Royal Caribbean Cruises Ltd. completed an offering of 8,333,333 shares of Common Stock for net proceeds of approximately $484.6 million and a private offering of $500 million aggregate principal amount of 2.875% Convertible Senior Notes due 2023 for net proceeds of approximately $487.2 million. ($484.6M proceeds) |
210M | 0 |
| Oct 15, 2020 |
8-K filing: Royal Caribbean Cruises Ltd. entered into an underwriting agreement to offer and sell 8,333,333 shares of common stock at $60.00 per share, with an option for the underwriters to purchase up to an additional 1,250,000 shares. |
210M | 0 |
| Oct 14, 2020 |
8-K filing: Royal Caribbean Cruises Ltd. priced an underwritten public offering of 8,333,333 shares of common stock at $60.00 per share. |
210M | 0 |
| Aug 10, 2020 |
10-Q filing | 209.4M shares outstanding |
210M | 0 |
| Jul 10, 2020 |
8-K filing: Royal Caribbean Cruises Ltd. acquired the remaining 33.33% interest in Silversea Cruise Holding Ltd. and issued 5,200,000 shares of common stock to Heritage Cruise Holding Ltd. as consideration. |
210M | 0 |
| May 21, 2020 |
10-Q filing | 209.1M shares outstanding |
210M | 0 |
| Feb 25, 2020 |
10-K filing | 209.4M shares outstanding |
210M | 0 |