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Carnival Corporation & PLC Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Nov. 30, 2017
OPERATING ACTIVITIES      
Net Income $ 2,990 $ 3,152 $ 2,606
Adjustments to reconcile net income to net cash provided by (used in) operating activities      
Depreciation and amortization 2,160 2,017 1,846
Impairments 26 16 392
Gains on fuel derivatives, net 0 (59) (35)
Share-based compensation 46 65 63
Other, net 43 (6) 51
Adjustments to reconcile net income to net cash provided by (used in) operating activities 5,265 5,186 4,923
Changes in operating assets and liabilities      
Receivables (114) (58) 6
Inventories 79 (67) (49)
Prepaid expenses and other (254) 74 (13)
Accounts payable 34 (24) 21
Accrued and other liabilities 80 (100) 73
Customer deposits 387 539 361
Net cash provided by (used in) operating activities 5,475 5,549 5,322
INVESTING ACTIVITIES      
Purchases of property and equipment (5,429) (3,749) (2,944)
Proceeds from sales of ships 26 389 0
Payments of fuel derivative settlements (6) (39) (203)
Other, net 132 (114) 25
Net cash provided by (used in) investing activities (5,277) (3,514) (3,122)
FINANCING ACTIVITIES      
Proceeds from (repayments of) short-term borrowings, net (605) 417 (29)
Principal repayments of long-term debt (1,651) (1,556) (1,227)
Proceeds from issuance of long-term debt 3,674 2,542 467
Dividends paid (1,387) (1,355) (1,087)
Purchases of treasury stock (603) (1,468) (552)
Other, net (82) (39) (24)
Net cash provided by (used in) financing activities (655) (1,460) (2,452)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9) (1) 11
Net increase (decrease) in cash, cash equivalents and restricted cash (465) 574 (241)
Cash, cash equivalents and restricted cash at beginning of year 996 422 662
Cash, cash equivalents and restricted cash at end of year $ 530 $ 996 $ 422