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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
OPERATING ACTIVITIES    
Net income (loss) $ (6,881) $ (8,014)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 1,681 1,698
Impairments 541 3,925
(Gain) loss on extinguishment of debt 372 220
Share-based compensation 95 52
Amortization of discounts and debt issue costs 131 78
Noncash lease expense 106 138
(Gain) loss on ship sales and other, net 120 (47)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (3,834) (1,951)
Changes in operating assets and liabilities    
Receivables (37) 25
Inventories (19) 71
Prepaid expenses and other (1,221) 9
Accounts payable 15 (97)
Accrued liabilities and other 458 (169)
Customer deposits 897 (2,539)
Net cash provided by (used in) operating activities (3,741) (4,649)
INVESTING ACTIVITIES    
Purchases of property and equipment (3,120) (1,899)
Proceeds from sales of ships and other 351 271
Purchase of minority interest (90) (81)
Purchase of short-term investments (2,672) 0
Proceeds from maturity of short-term investments 2,026 0
Derivative settlements and other, net (29) 257
Net cash provided by (used in) investing activities (3,535) (1,452)
FINANCING ACTIVITIES    
Proceeds from (repayments of) short-term borrowings, net 17 3,141
Principal repayments of long-term debt (3,507) (896)
Premium paid on extinguishment of debt (286) 0
Proceeds from issuance of long-term debt 7,900 11,468
Dividends paid 0 (689)
Issuance of common stock, net 1,003 778
Issuance of common stock under the Stock Swap program 105 0
Purchases of treasury stock under the Stock Swap program (94) 0
Debt issue costs and other, net (239) (103)
Net cash provided by (used in) financing activities 4,899 13,699
Effect of exchange rate changes on cash, cash equivalents and restricted cash 13 63
Net increase (decrease) in cash, cash equivalents and restricted cash (2,363) 7,661
Cash, cash equivalents and restricted cash at beginning of period 9,692 530
Cash, cash equivalents and restricted cash at end of period $ 7,329 $ 8,191