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Carnival Corporation & PLC Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Nov. 30, 2016
OPERATING ACTIVITIES      
Net Income $ 3,152 $ 2,606 $ 2,779
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 2,017 1,846 1,738
Impairments 16 392 0
(Gains) losses on fuel derivatives, net (59) (35) 47
Share-based compensation 65 63 55
Other, net (6) 51 71
Adjustments to reconcile net income to net cash provided by operating activities 5,186 4,923 4,690
Changes in operating assets and liabilities      
Receivables (58) 6 (22)
Inventories (67) (49) 1
Prepaid expenses and other 74 (13) 11
Accounts payable (24) 21 109
Accrued and other liabilities (100) 73 (21)
Customer deposits 539 361 366
Net cash provided by operating activities 5,549 5,322 5,134
INVESTING ACTIVITIES      
Purchases of property and equipment (3,749) (2,944) (3,062)
Proceeds from sales of ships 389 0 26
Payments of fuel derivative settlements (39) (203) (291)
Other, net (102) 58 4
Net cash used in investing activities (3,502) (3,089) (3,323)
FINANCING ACTIVITIES      
Proceeds from (repayments of) short-term borrowings, net 417 (29) 447
Principal repayments of long-term debt (1,556) (1,227) (1,278)
Proceeds from issuance of long-term debt 2,542 467 1,542
Dividends paid (1,355) (1,087) (977)
Purchases of treasury stock (1,468) (552) (2,340)
Sales of treasury stock 0 0 40
Other, net (39) (24) (25)
Net cash used in financing activities (1,460) (2,452) (2,591)
Effect of exchange rate changes on cash and cash equivalents (1) 11 (12)
Net increase (decrease) in cash and cash equivalents 587 (208) (792)
Cash and cash equivalents at beginning of year 395 603 1,395
Cash and cash equivalents at end of year $ 982 $ 395 $ 603