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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of Cash Flows [Abstract]      
Net (Loss) Income $ (5,775,130) $ 1,907,600 $ 1,815,792
Adjustments:      
Depreciation and amortization 1,279,254 1,245,942 1,033,697
Impairment and credit losses 1,566,380 0 33,651
Net deferred income tax (benefit) expense (8,791) 7,745 (2,679)
Loss (gain) on derivative instruments not designated as hedges 49,316 (1,431) 61,148
Share-based compensation expense 39,779 75,930 46,061
Equity investment loss (income) 213,286 (230,980) (210,756)
Amortization of debt issuance costs 89,442 31,991 41,978
Amortization of debt discounts and premiums 66,776 31,616 11,004
Loss on extinguishment of secured senior term loan 41,109 6,326 0
Change in fair value of contingent consideration (45,126) 18,400 0
Recognition of deferred currency translation adjustment loss on sale of assets 69,044 0 0
Gain on sale of unconsolidated affiliate 0 0 (13,680)
Recognition of deferred gain 0 0 (21,794)
Changes in operating assets and liabilities:      
Decrease (increase) in trade and other receivables, net 121,055 (9,898) (9,573)
Decrease (increase) in inventories 27,077 (8,533) (23,849)
Decrease (increase) in prepaid expenses and other assets 295,876 15,669 (71,770)
(Decrease) increase in accounts payable (133,815) 75,281 91,737
Increase (decrease) in accrued interest 182,578 (4,460) 18,773
(Decrease) increase in accrued expenses and other liabilities (180,479) 96,490 42,937
(Decrease) increase in customer deposits (1,643,560) 280,139 385,990
Dividends received from unconsolidated affiliates 2,215 150,177 243,101
Other, net 12,061 28,362 7,371
Net cash (used in) provided by operating activities (3,731,653) 3,716,366 3,479,139
Investing Activities      
Purchases of property and equipment (1,965,131) (3,024,663) (3,660,028)
Cash received on settlement of derivative financial instruments 15,874 7,621 76,529
Cash paid on settlement of derivative financial instruments (161,335) (68,836) (98,074)
Investments in and loans to unconsolidated affiliates (100,609) (25,569) (27,172)
Cash received on loans to unconsolidated affiliates 21,086 32,870 124,238
Proceeds from the sale of property and equipment 27,796 0 0
Proceeds from the sale of unconsolidated affiliate 0 0 13,215
Acquisition of Silversea Cruises, net of cash acquired 0 0 (916,135)
Other, net (16,247) (12,829) (1,731)
Net cash used in investing activities (2,178,566) (3,091,406) (4,489,158)
Financing Activities      
Debt proceeds 13,547,189 3,525,564 8,590,740
Debt issuance costs (374,715) (50,348) (81,959)
Repayments of debt (3,845,133) (4,060,244) (6,963,511)
Proceeds from issuance of commercial paper notes 6,765,816 26,240,540 4,730,286
Repayments of commercial paper notes (7,837,635) (25,613,111) (3,965,450)
Purchase of treasury stock 0 (99,582) (575,039)
Dividends paid (326,421) (602,674) (527,494)
Proceeds from common stock issuances 1,431,375 0 0
Other, net (10,688) (10,516) (9,500)
Net cash provided by (used in) financing activities 9,349,788 (670,371) 1,198,073
Effect of exchange rate changes on cash 1,167 1,297 (20,314)
Net increase (decrease) in cash and cash equivalents 3,440,736 (44,114) 167,740
Cash and cash equivalents at beginning of year 243,738 287,852 120,112
Cash and cash equivalents at end of year 3,684,474 243,738 287,852
Cash paid during the year for:      
Interest, net of amount capitalized 418,164 246,312 252,466
Non-Cash Investing Activities      
Contingent consideration for the acquisition of Silversea Cruises 0 0 44,000
Purchases of property and equipment included in accounts payable and accrued expenses and other liabilities 16,189 86,155 0
Notes receivable issued upon sale of property and equipment 53,419 0 0
Non-Cash Financing Activities      
Acquisition of Silversea Cruises non-controlling interest 592,313 0 0
Termination of Silversea Cruises contingent consideration obligation 16,564 0 0
Common stock issuances pending cash settlement and included in trade receivables $ 121,352 $ 0 $ 0