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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net Income $ 1,907,600 $ 1,815,792 $ 1,625,133
Adjustments:      
Depreciation and amortization 1,245,942 1,033,697 951,194
Impairment losses 0 33,651 0
Net deferred income tax expense (benefit) 7,745 (2,679) 1,730
(Gain) loss on derivative instruments not designated as hedges (1,431) 61,148 (61,704)
Share-based compensation expense 75,930 46,061 69,459
Equity investment income (230,980) (210,756) (156,247)
Amortization of debt issuance costs 31,991 41,978 45,943
Amortization of commercial paper notes discount 31,263 10,652 0
Loss on extinguishment of debt 6,326 0 0
Change in fair value of contingent consideration 18,400 0 0
Gain on sale of property and equipment 0 0 (30,902)
Gain on sale of unconsolidated affiliate 0 (13,680) 0
Recognition of deferred gain 0 (21,794) 0
Changes in operating assets and liabilities:      
Increase in trade and other receivables, net (9,898) (9,573) (32,043)
(Increase) decrease in inventories (8,533) (23,849) 2,424
Decrease (increase) in prepaid expenses and other assets 15,669 (71,770) 20,859
Increase in accounts payable 75,281 91,737 36,780
(Decrease) increase in accrued interest (4,460) 18,773 1,303
Increase in accrued expenses and other liabilities 96,490 42,937 34,215
Increase in customer deposits 280,139 385,990 274,705
Dividends received from unconsolidated affiliates 150,177 243,101 109,677
Other, net 28,715 7,723 (17,960)
Net cash provided by operating activities 3,716,366 3,479,139 2,874,566
Investing Activities      
Purchases of property and equipment (3,024,663) (3,660,028) (564,138)
Cash received on settlement of derivative financial instruments 7,621 76,529 63,224
Cash paid on settlement of derivative financial instruments (68,836) (98,074) 0
Investments in and loans to unconsolidated affiliates (25,569) (27,172) (10,396)
Cash received on loans to unconsolidated affiliates 32,870 124,238 62,303
Proceeds from the sale of property and equipment 0 0 230,000
Proceeds from the sale of unconsolidated affiliate 0 13,215 0
Acquisition of Silversea Cruises, net of cash acquired 0 (916,135) 0
Other, net (12,829) (1,731) 5,415
Net cash used in investing activities (3,091,406) (4,489,158) (213,592)
Financing Activities      
Debt proceeds 3,525,564 8,590,740 5,866,966
Debt issuance costs (50,348) (81,959) (51,590)
Repayments of debt (4,060,244) (6,963,511) (7,835,087)
Proceeds from issuance of commercial paper notes 26,240,540 4,730,286 0
Repayments of commercial paper notes (25,613,111) (3,965,450) 0
Purchase of treasury stock (99,582) (575,039) (224,998)
Dividends paid (602,674) (527,494) (437,455)
Proceeds from exercise of common stock options 1,742 4,264 2,525
Other, net (12,258) (13,764) 3,843
Net cash (used in) provided by financing activities (670,371) 1,198,073 (2,675,796)
Effect of exchange rate changes on cash 1,297 (20,314) 2,331
Net (decrease) increase in cash and cash equivalents (44,114) 167,740 (12,491)
Cash and cash equivalents at beginning of year 287,852 120,112 132,603
Cash and cash equivalents at end of year 243,738 287,852 120,112
Cash paid during the year for:      
Interest, net of amount capitalized 246,312 252,466 249,615
Non-Cash Investing Activities      
Contingent consideration for the acquisition of Silversea Cruises 0 44,000 0
Purchases of property and equipment included in accounts payable and accrued expenses and other liabilities 86,155 0 139,644
Notes receivable issued upon sale of property and equipment $ 0 $ 0 $ 20,409