XML 23 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
May 31, 2022
May 31, 2021
OPERATING ACTIVITIES    
Net income (loss) $ (3,726) $ (4,045)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 1,126 1,119
Impairments 8 66
(Gain) loss on debt extinguishment 0 (4)
(Income) loss from equity-method investments (4) 14
Share-based compensation 54 66
Amortization of discounts and debt issue costs 87 83
Noncash lease expense 68 71
Other, net 12 70
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (2,376) (2,559)
Changes in operating assets and liabilities    
Receivables (120) 31
Inventories (79) 0
Prepaid expenses and other (395) (696)
Accounts payable 139 (119)
Accrued liabilities and other 12 236
Customer deposits 1,611 245
Net cash provided by (used in) operating activities (1,209) (2,862)
INVESTING ACTIVITIES    
Purchases of property and equipment (3,221) (2,157)
Proceeds from sales of ships and other 55 324
Purchase of minority interest 0 (90)
Purchase of short-term investments (315) (2,671)
Proceeds from maturity of short-term investments 364 467
Derivative settlements and other, net 10 (27)
Net cash provided by (used in) investing activities (3,107) (4,155)
FINANCING ACTIVITIES    
Proceeds from (repayments of) short-term borrowings, net (114) 17
Principal repayments of long-term debt (684) (1,365)
Proceeds from issuance of long-term debt 3,334 4,980
Issuance of common stock, net 30 996
Issuance of common stock under the Stock Swap Program 89 0
Purchase of treasury stock under the Stock Swap Program (82) 0
Debt issue costs and other, net (111) (104)
Net cash provided by (used in) financing activities 2,463 4,523
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35) 19
Net increase (decrease) in cash, cash equivalents and restricted cash (1,888) (2,474)
Cash, cash equivalents and restricted cash at beginning of period 8,976 9,692
Cash, cash equivalents and restricted cash at end of period $ 7,089 $ 7,218