XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities    
Net income $ 411,090 $ 570,859
Adjustments:    
Depreciation and amortization 541,957 522,493
Loss (gain) on fuel call options 5,671 (11,701)
Loss on extinguishment of unsecured senior notes 7,485  
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 42,484 55,062
Decrease (increase) in inventories 423 (25,490)
Increase in prepaid expenses and other assets (39,410) (72,538)
Increase in accounts payable 46,836 74,498
Decrease in accrued interest (2,305) (14,370)
Increase in accrued expenses and other liabilities 11,688 34,380
Increase in customer deposits 80,993 97,089
Cash received on settlement of derivative financial instruments 69,684  
Dividends received from unconsolidated affiliate   21,147
Other, net (4,340) 21,289
Net cash provided by operating activities 1,172,256 1,272,718
Investing Activities    
Purchases of property and equipment (429,309) (1,030,102)
Cash received on settlement of derivative financial instruments 19,058 20,172
Loan to unconsolidated affiliate   (110,660)
Cash payment received on loan to unconsolidated affiliate 23,512  
Proceeds from the sale of ships 9,811 345,000
Other, net (6,395) 352
Net cash used in investing activities (383,323) (775,238)
Financing Activities    
Debt proceeds 915,000 1,408,368
Debt issuance costs (48,190) (80,619)
Repayments of debt (1,263,769) (1,786,414)
Extinguishment of unsecured senior notes (344,150)  
Dividends paid (65,293) (21,707)
Proceeds from exercise of common stock options 3,703 18,947
Other, net 1,228 10,413
Net cash used in financing activities (801,471) (451,012)
Effect of exchange rate changes on cash (8,411) (14,937)
Net (decrease) increase in cash and cash equivalents (20,949) 31,531
Cash and cash equivalents at beginning of period 262,186 419,929
Cash and cash equivalents at end of period 241,237 451,460
Cash paid during the period for:    
Interest, net of amount capitalized $ 242,680 $ 269,625