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CARNIVAL CORPORATION & PLC CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
May 31, 2011
May 31, 2010
OPERATING ACTIVITIES    
Net income $ 358 $ 427
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 747 694
Share-based compensation 29 23
Other 10 (24)
Changes in operating assets and liabilities    
Receivables (121) (122)
Inventories (35) 2
Prepaid expenses and other 32 3
Accounts payable 26 31
Accrued and other liabilities (52) (5)
Customer deposits 807 765
Net cash provided by operating activities 1,801 1,794
INVESTING ACTIVITIES    
Additions to property and equipment (1,622) (2,168)
Other, net (3) 74
Net cash used in investing activities (1,625) (2,094)
FINANCING ACTIVITIES    
(Repayments of) proceeds from short-term borrowings, net (471) 702
Principal repayments of revolvers (13) (323)
Proceeds from revolvers 8 89
Principal repayments of other long-term debt (320) (796)
Proceeds from issuance of other long-term debt 990 806
Dividends paid (277) (79)
Purchases of treasury stock   (305)
Sales of treasury stock   317
Other, net 24 14
Net cash (used in) provided by financing activities (59) 425
Effect of exchange rate changes on cash and cash equivalents 11 (69)
Net increase in cash and cash equivalents 128 56
Cash and cash equivalents at beginning of period 429 538
Cash and cash equivalents at end of period $ 557 $ 594