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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net Income $ 1,815,792 $ 1,625,133 $ 1,283,388
Adjustments:      
Depreciation and amortization 1,033,697 951,194 894,915
Impairment losses 33,651 0 0
Net deferred income tax (benefit) expense (2,679) 1,730 2,608
Loss (gain) on derivative instruments not designated as hedges 61,148 (61,704) 45,670
Share-based compensation expense 46,061 69,459 32,659
Equity investment income (210,756) (156,247) (128,350)
Amortization of debt issuance costs 41,978 45,943 52,795
Gain on sale of property and equipment 0 (30,902) 0
Gain on sale of unconsolidated affiliate (13,680) 0 0
Recognition of deferred gain (21,794) 0 0
Changes in operating assets and liabilities:      
(Increase) decrease in trade and other receivables, net (9,573) (32,043) 4,759
(Increase) decrease in inventories (23,849) 2,424 (1,679)
(Increase) decrease in prepaid expenses and other assets (71,770) 20,859 11,519
Increase in accounts payable 91,737 36,780 29,564
Increase in accrued interest 18,773 1,303 7,841
Increase in accrued expenses and other liabilities 42,937 34,215 20,718
Increase in customer deposits 385,990 274,705 188,632
Dividends received from unconsolidated affiliates 243,101 109,677 75,942
Other, net 18,375 (17,960) (4,291)
Net cash provided by operating activities 3,479,139 2,874,566 2,516,690
Investing Activities      
Purchases of property and equipment (3,660,028) (564,138) (2,494,363)
Cash received on settlement of derivative financial instruments 76,529 63,224 110,637
Cash paid on settlement of derivative financial instruments (98,074) 0 (323,839)
Investments in and loans to unconsolidated affiliates (27,172) (10,396) (9,155)
Cash received on loans to unconsolidated affiliates 124,238 62,303 38,213
Proceeds from the sale of property and equipment 0 230,000 0
Proceeds from the sale of unconsolidated affiliate 13,215 0 0
Acquisition of Silversea Cruises, net of cash acquired (916,135) 0 0
Other, net [1] (1,731) 5,415 (46,385)
Net cash used in investing activities (4,489,158) (213,592) (2,724,892)
Financing Activities      
Debt proceeds 8,590,740 5,866,966 7,338,560
Debt issuance costs (81,959) (51,590) (88,241)
Repayments of debt (6,963,511) (7,835,087) (6,365,570)
Proceeds from issuance of commercial paper notes 4,730,286 0 0
Repayments of commercial paper notes (3,965,450) 0 0
Purchase of treasury stock (575,039) (224,998) (299,960)
Dividends paid (527,494) (437,455) (346,487)
Proceeds from exercise of common stock options 4,264 2,525 2,258
Other, net (13,764) 3,843 3,249
Net cash provided by (used in) financing activities 1,198,073 (2,675,796) 243,809
Effect of exchange rate changes on cash (20,314) 2,331 (24,569)
Net increase (decrease) in cash and cash equivalents 167,740 (12,491) 11,038
Cash and cash equivalents at beginning of year 120,112 132,603 121,565
Cash and cash equivalents at end of year 287,852 120,112 132,603
Cash paid during the year for:      
Interest, net of amount capitalized 252,466 249,615 256,775
Non-Cash Investing Activities      
Contingent consideration for the acquisition of Silversea Cruises 44,000 0 0
Purchases of property and equipment included in accounts payable and accrued expenses and other liabilities 0 139,644 0
Notes receivable issued upon sale of property and equipment $ 0 $ 20,409 213,042
Divestiture of Pullmantur Holdings     $ 26,000
[1] Amount includes $26.0 million in 2016 related to cash included in the divestiture of Pullmantur Holdings.