XML 61 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net income $ 18,287 $ 607,421 $ 515,653
Adjustments:      
Depreciation and amortization 730,493 702,426 643,716
Impairment of Pullmantur related assets 385,444    
Net deferred tax expense related to Pullmantur impairment 28,488    
Loss (gain) on fuel call options 5,651 (18,920) 2,826
Loss on extinguishment of unsecured senior notes 7,501    
Changes in operating assets and liabilities:      
Decrease in trade and other receivables, net 8,026 87,872 146,498
Increase in inventories (1,645) (18,423) (20,274)
Increase in prepaid expenses and other assets (1,614) (17,052) (10,954)
Increase (decrease) in accounts payable 36,602 56,755 (15,507)
(Decrease) increase in accrued interest (15,786) (28,553) 13,359
Increase in accrued expenses and other liabilities 33,060 25,318 71,969
Increase in customer deposits 103,733 19,482 135,975
Cash received on settlement of derivative financial instruments 69,684 12,200 172,993
Dividends received from unconsolidated affiliate   21,147  
Other, net (26,190) 6,066 6,765
Net cash provided by operating activities 1,381,734 1,455,739 1,663,019
Investing Activities      
Purchases of property and equipment (1,291,499) (1,173,626) (2,187,189)
Cash (paid) received on settlement of derivative financial instruments (10,886) 16,307 (91,325)
Loan to unconsolidated affiliate   (110,660)  
Cash payments received on loan to unconsolidated affiliate 23,512    
Proceeds from sale of ships 9,811 345,000  
Other, net 5,739 (1,586) (9,404)
Net cash (used in) investing activities (1,263,323) (924,565) (2,287,918)
Financing Activities      
Debt proceeds 2,558,474 1,578,368 2,420,262
Debt issuance costs (75,839) (84,381) (90,782)
Repayments of debt (2,216,701) (2,179,046) (1,600,265)
Extinguishment of unsecured senior notes (344,589)    
Dividends paid (117,707) (21,707)  
Proceeds from exercise of common stock options 15,146 19,463 26,158
Other, net 1,599 10,788 1,587
Net cash (used in) provided by financing activities (179,617) (676,515) 756,960
Effect of exchange rate changes on cash (6,125) (12,402) 3,249
Net (decrease) increase in cash and cash equivalents (67,331) (157,743) 135,310
Cash and cash equivalents at beginning of year 262,186 419,929 284,619
Cash and cash equivalents at end of year 194,855 262,186 419,929
Cash paid during the year for:      
Interest, net of amount capitalized $ 341,047 $ 360,892 $ 297,477