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Carnival Corporation & PLC Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2017
Nov. 30, 2016
Nov. 30, 2015
OPERATING ACTIVITIES      
Net Income $ 2,606 $ 2,779 $ 1,757
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,846 1,738 1,626
Impairments 392 0 0
(Gains) losses on fuel derivatives, net (35) 47 576
Share-based compensation 63 55 55
Other, net 51 71 32
Adjustments to reconcile net income to net cash provided by operating activities 4,923 4,690 4,046
Changes in operating assets and liabilities      
Receivables 6 (22) 4
Inventories (49) 1 5
Prepaid expenses and other (13) 11 131
Accounts payable 21 109 36
Accrued and other liabilities 73 (21) (31)
Customer deposits 361 366 354
Net cash provided by operating activities 5,322 5,134 4,545
INVESTING ACTIVITIES      
Purchases of property and equipment (2,944) (3,062) (2,294)
Payments of fuel derivative settlements (203) (291) (219)
Other, net 58 30 35
Net cash used in investing activities (3,089) (3,323) (2,478)
FINANCING ACTIVITIES      
(Repayments of) proceeds from short-term borrowings, net (29) 447 (633)
Principal repayments of long-term debt (1,227) (1,278) (1,238)
Proceeds from issuance of long-term debt 467 1,542 2,041
Dividends paid (1,087) (977) (816)
Purchases of treasury stock (552) (2,340) (533)
Sales of treasury stock 0 40 264
Other, net (24) (25) (27)
Net cash used in financing activities (2,452) (2,591) (942)
Effect of exchange rate changes on cash and cash equivalents 11 (12) (61)
Net (decrease) increase in cash and cash equivalents (208) (792) 1,064
Cash and cash equivalents at beginning of year 603 1,395 331
Cash and cash equivalents at end of year $ 395 $ 603 $ 1,395