XML 42 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net income $ 466,674 $ 411,090
Adjustments:    
Depreciation and amortization 564,089 541,957
Loss (gain) on derivative instruments not designated as hedges 8,634 (3,052)
Loss on extinguishment of unsecured senior notes 4,206 7,485
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 14,278 42,484
(Increase) decrease in inventories (13,541) 423
Increase in prepaid expenses and other assets (28,363) (39,410)
Increase in accounts payable 43,415 46,836
Increase (decrease) in accrued interest 14,219 (2,305)
Increase in accrued expenses and other liabilities 29,496 11,688
Increase in customer deposits 131,237 80,993
Cash received on settlement of derivative financial instruments   69,684
Other, net (4,240) 4,383
Net cash provided by operating activities 1,230,104 1,172,256
Investing Activities    
Purchases of property and equipment (534,046) (429,309)
Cash (paid) received on settlement of derivative financial instruments (8,451) 19,058
Investment in unconsolidated affiliates (60,426)  
Cash payments received on loan to unconsolidated affiliate 23,372 23,512
Proceeds from sale of ship   9,811
Other, net 1,147 (6,395)
Net cash used in investing activities (578,404) (383,323)
Financing Activities    
Debt proceeds 1,519,464 915,000
Debt issuance costs (51,720) (48,190)
Repayments of debt (2,065,965) (1,607,919)
Dividends paid (54,159) (65,293)
Proceeds from exercise of common stock options 13,626 3,703
Other, net 1,140 1,228
Net cash used in financing activities (637,614) (801,471)
Effect of exchange rate changes on cash 626 (8,411)
Net increase (decrease) in cash and cash equivalents 14,712 (20,949)
Cash and cash equivalents at beginning of period 194,855 262,186
Cash and cash equivalents at end of period 209,567 241,237
Cash paid during the period for:    
Interest, net of amount capitalized 232,769 242,680
Non cash Investing Activities    
Purchase of property and equipment through asset trade in $ 46,375