CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands, £ in Millions		9 Months Ended
		Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)
Operating Activities
Net Loss		$ (3,903,531)	$ (4,408,195)
Adjustments:
Depreciation and amortization		959,512	961,226
Impairment and credit losses		39,934	1,354,514
Net deferred income tax benefit		(31,395)	(4,586)
(Gain) loss on derivative instruments not designated as hedges		(11,560)	64,541
Share-based compensation expense		55,435	29,871
Equity investment loss		137,044	140,258
Amortization of debt issuance costs		94,511	54,887
Amortization of debt discounts and premiums		93,517	36,330
Loss on extinguishment of debt		138,759	41,109
Currency translation adjustment losses		0	69,044
Change in fair value of contingent consideration		0	(45,126)
Changes in operating assets and liabilities:
(Increase) decrease in trade and other receivables, net		(225,535)	133,769
(Increase) decrease in inventories		(26,711)	19,675
(Increase) decrease in prepaid expenses and other assets		(123,935)	271,315
Increase (decrease) in accounts payable		107,215	(90,306)
(Decrease) increase in accrued interest		(3,685)	164,284
Decrease in accrued expenses and other liabilities		(5,911)	(87,936)
Increase (decrease) in customer deposits		1,031,930	(1,608,355)
Dividends received from unconsolidated affiliates	[1]	0	2,215
Other, net		1,637	(4,789)
Net cash used in operating activities		(1,672,769)	(2,906,255)
Investing Activities
Purchases of property and equipment		(1,654,271)	(1,573,241)
Cash received on settlement of derivative financial instruments		27,497	3,771
Cash paid on settlement of derivative financial instruments		(54,916)	(139,940)
Investments in and loans to unconsolidated affiliates		(70,084)	(87,943)
Cash received on loans to unconsolidated affiliates		25,647	15,581
Proceeds from the sale of property and equipment and other assets		175,439	0
Other, net		(9,546)	(6,921)
Net cash used in investing activities		(1,560,234)	(1,788,693)
Financing Activities
Debt proceeds		4,144,077	12,672,189
Debt issuance costs		(159,147)	(348,118)
Repayments of debt		(2,212,510)	(3,430,245)
Premium on repayment of debt		(135,372)	0
Proceeds from issuance of commercial paper notes		0	6,765,816
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		(5,779)	(25,824)
Net cash provided by financing activities		2,838,559	7,469,762
Effect of exchange rate changes on cash		(704)	(1,764)
Net (decrease) increase in cash and cash equivalents		(395,148)	2,773,050
Cash and cash equivalents at beginning of period		3,684,474	243,738
Cash and cash equivalents at end of period		3,289,326	3,016,788
Cash paid during the period for:
Interest, net of amount capitalized		630,740	258,063
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		22,925	13,603
Non-cash Financing Activities
Purchase of Silversea Cruises non-controlling interest		0	592,313
Termination of Silversea Cruises contingent consideration obligation		$ 0	$ 17,274

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