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Carnival Corporation & Plc Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2014
OPERATING ACTIVITIES      
Net Income $ 2,779 $ 1,757 $ 1,216
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,738 1,626 1,637
(Gains) losses on ship sales and ship impairments, net (2) (8) 2
Losses on fuel derivatives, net 47 576 271
Share-based compensation 55 55 52
Other, net 73 40 35
Adjustments to reconcile net income to net cash provided by operating activities 4,690 4,046 3,213
Changes in operating assets and liabilities      
Receivables (22) 4 75
Inventories 1 5 1
Prepaid expenses and other 11 131 422
Accounts payable 109 36 9
Accrued and other liabilities (21) (31) (382)
Customer deposits 366 354 92
Net cash provided by operating activities 5,134 4,545 3,430
INVESTING ACTIVITIES      
Additions to property and equipment (3,062) (2,294) (2,583)
Proceeds from sale of ships 26 25 42
Payments of fuel derivative settlements (291) (219) (2)
Other, net 4 10 36
Net cash used in investing activities (3,323) (2,478) (2,507)
FINANCING ACTIVITIES      
Proceeds from (repayments of) short-term borrowings, net 447 (633) 617
Principal repayments of long-term debt (1,278) (1,238) (2,466)
Proceeds from issuance of long-term debt 1,542 2,041 1,626
Dividends paid (977) (816) (776)
Purchases of treasury stock (2,340) (533) 0
Sales of treasury stock 40 264 0
Other, net (25) (27) (29)
Net cash used in financing activities (2,591) (942) (1,028)
Effect of exchange rate changes on cash and cash equivalents (12) (61) (26)
Net (decrease) increase in cash and cash equivalents (792) 1,064 (131)
Cash and cash equivalents at beginning of year 1,395 331 462
Cash and cash equivalents at end of year $ 603 $ 1,395 $ 331