|
NOTE 4—FINANCIAL STATEMENT DETAILS
The following is a reconciliation of cash and cash equivalents and restricted cash to the statement of cash flows:
| |
|
As of March 31, |
|
| |
|
2026 |
|
|
2025 |
|
| (In thousands) |
|
|
(unaudited) |
|
| Cash and cash equivalents |
|
$ |
275,012 |
|
|
$ |
188,854 |
|
| Restricted cash |
|
|
46,067 |
|
|
|
46,370 |
|
| Total cash, cash equivalents and restricted cash as presented in the statements of cash flows |
|
$ |
321,079 |
|
|
$ |
235,224 |
|
Restricted cash consists of the following:
| |
|
As of March 31, 2026 |
|
|
As of December 31, 2025 |
|
| (In thousands) |
|
(unaudited) |
|
|
|
|
|
| Federal Maritime Commission and other escrow |
|
$ |
32,082 |
|
|
$ |
19,186 |
|
| Credit card processor reserves |
|
|
12,500 |
|
|
|
12,500 |
|
| Certificates of deposit and other restricted deposits |
|
|
1,485 |
|
|
|
1,357 |
|
| Total restricted cash |
|
$ |
46,067 |
|
|
$ |
33,043 |
|
Prepaid expenses and other current assets are as follows:
| |
|
As of March 31, 2026 |
|
|
As of December 31, 2025 |
|
| (In thousands) |
|
(unaudited) |
|
|
|
|
|
| Prepaid tour expenses |
|
$ |
36,548 |
|
|
$ |
37,981 |
|
| Other |
|
|
27,125 |
|
|
|
40,164 |
|
| Total prepaid expenses and other current assets |
|
$ |
63,673 |
|
|
$ |
78,145 |
|
|