CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020
Operating Activities
Net Loss		$ (2,478,977)	$ (3,068,883)
Adjustments:
Depreciation and amortization		633,605	644,087
Impairment and credit losses		40,172	1,264,615
Net deferred income tax benefit		(8,450)	(2,666)
(Gain) loss on derivative instruments not designated as hedges		(16,163)	84,280
Share-based compensation expense		35,562	8,764
Equity investment loss		107,959	62,245
Amortization of debt issuance costs		72,500	28,807
Amortization of debt discounts and premiums		56,609	6,668
(Gain) loss on extinguishment of debt		(3,156)	40,335
Currency translation adjustment losses		0	69,044
Change in fair value of contingent consideration		0	(44,605)
Changes in operating assets and liabilities:
(Increase) decrease in trade and other receivables, net		(180,562)	94,873
(Increase) decrease in inventories		(17,191)	9,511
(Increase) decrease in prepaid expenses and other assets		(75,213)	249,481
Increase in accounts payable		38,073	118,398
Increase in accrued interest		17,675	52,114
Decrease in accrued expenses and other liabilities		(123,028)	(17,110)
Increase (decrease) in customer deposits		629,285	(1,622,721)
Dividends received from unconsolidated affiliates	[1]	0	1,991
Other, net		1,746	(28,051)
Net cash used in operating activities		(1,269,554)	(2,048,823)
Investing Activities
Purchases of property and equipment		(1,286,175)	(1,391,891)
Cash received on settlement of derivative financial instruments		24,766	1,558
Cash paid on settlement of derivative financial instruments		(34,121)	(117,518)
Investments in and loans to unconsolidated affiliates		(70,084)	(87,943)
Cash received on loans to unconsolidated affiliates		20,127	10,241
Proceeds from the sale of property and equipment and other assets		175,439	5,256
Other, net		(13,627)	(11,180)
Net cash used in investing activities		(1,183,675)	(1,591,477)
Financing Activities
Debt proceeds		3,144,077	12,672,189
Debt issuance costs		(110,760)	(276,995)
Repayments of debt		(1,185,490)	(3,424,387)
Proceeds from issuance of commercial paper notes		0	6,765,739
Repayments of commercial paper notes		(414,570)	(7,837,635)
Dividends paid		0	(326,421)
Proceeds from common stock issuances		1,621,860	0
Other, net		(36,125)	(28,284)
Net cash provided by financing activities		3,018,992	7,544,206
Effect of exchange rate changes on cash		132	(953)
Net increase in cash and cash equivalents		565,895	3,902,953
Cash and cash equivalents at beginning of period		3,684,474	243,738
Cash and cash equivalents at end of period		4,250,369	4,146,691
Cash paid during the period for:
Interest, net of amount capitalized		382,461	153,078
Non-cash Investing Activities
Notes receivable issued upon sale of property and equipment and other assets		16,000	53,419
Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities		$ 33,207	$ 64,326

[1] There were no dividends received from TUI Cruises for the quarters and six months ended June 30, 2021 and June 30, 2020