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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Feb. 28, 2023
Feb. 28, 2022
OPERATING ACTIVITIES    
Net income (loss) $ (693) $ (1,891)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 582 554
Impairments 0 8
(Income) loss from equity-method investments 11 11
Share-based compensation 9 26
Amortization of discounts and debt issue costs 44 46
Noncash lease expense 35 34
Other, net 7 5
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (4) (1,207)
Changes in operating assets and liabilities    
Receivables (121) (22)
Inventories (19) (37)
Prepaid expenses and other (57) (44)
Accounts payable (35) (24)
Accrued liabilities and other 28 (65)
Customer deposits 596 187
Net cash provided by (used in) operating activities 388 (1,212)
INVESTING ACTIVITIES    
Purchases of property and equipment (1,075) (2,730)
Proceeds from sales of ships 23 18
Purchase of short-term investments 0 (315)
Other, net 8 (6)
Net cash provided by (used in) investing activities (1,044) (3,032)
FINANCING ACTIVITIES    
Proceeds from (repayments of) short-term borrowings, net 0 (48)
Principal repayments of long-term debt (679) (503)
Proceeds from issuance of long-term debt 830 2,347
Issuance of common stock, net 0 15
Issuance of common stock under the Stock Swap Program 0 27
Purchase of treasury stock under the Stock Swap Program 0 (23)
Debt issue costs and other, net (40) (86)
Net cash provided by (used in) financing activities 111 1,728
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) (8)
Net increase (decrease) in cash, cash equivalents and restricted cash (546) (2,524)
Cash, cash equivalents and restricted cash at beginning of period 6,037 8,976
Cash, cash equivalents and restricted cash at end of period $ 5,491 $ 6,452