Carnival Corporation (CCL) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-12-01 to 2024-11-30

Swipe to see the full flow
Carnival Corporation cash flow reconciliation, Dec 1, 2023 through Nov 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $1,916,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $2,557,000,000.00Customer deposits → Operating adjustments reconciliation: $507,000,000.00Prepaid expenses and other assets → Operating adjustments reconciliation: $352,000,000.00Accrued liabilities and other → Operating adjustments reconciliation: $167,000,000.00Non-cash lease expense → Operating adjustments reconciliation: $142,000,000.00Amortization of discounts and debt issue costs → Operating adjustments reconciliation: $141,000,000.00(Gain) loss on debt extinguishment → Operating adjustments reconciliation: $76,000,000.00Other → Operating adjustments reconciliation: $71,000,000.00Share-based compensation → Operating adjustments reconciliation: $62,000,000.00Greenhouse gas regulatory expense → Operating adjustments reconciliation: $46,000,000.00Inventories → Operating adjustments reconciliation: $9,000,000.00Remaining operating cash flows, net (calculated) → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $4,007,000,000.00Operating adjustments reconciliation → Receivables: $49,000,000.00Operating adjustments reconciliation → Gain on sales of ships: $41,000,000.00Operating adjustments reconciliation → Accounts payable: $26,000,000.00Operating adjustments reconciliation → (Income) loss from equity-method investments: $9,000,000.00Proceeds from sales of ships and other property and equipment → investing reconciliation: $58,000,000.00Other → investing reconciliation: $34,000,000.00investing reconciliation → Purchases of property and equipment: $4,626,000,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $1,000,000.00Net cash used in financing activities → financing reconciliation: $2,584,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $3,095,000,000.00Other → financing reconciliation: $1,000,000.00financing reconciliation → Principal repayments of long-term debt: $5,436,000,000.00financing reconciliation → Debt issuance costs: $203,000,000.00financing reconciliation → Debt extinguishment costs: $41,000,000.00Net cash used in investing activities → investing reconciliation: $4,535,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $2,436,000,000.00Net cash from operating activities → Cash sources and uses: $5,923,000,000.00Cash sources and uses → Exchange-rate effect: $8,000,000.00Cash sources and uses → Difference in the filed cash totals (calculated): $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,231,000,000.00Cash sources and uses → Net cash used in investing activities: $4,535,000,000.00Cash sources and uses → Net cash used in financing activities: $2,584,000,000.00Net income (loss): $1,916,000,000.00Net income (loss)+$1.92 BDepreciation and amortization: $2,557,000,000.00Depreciation & amortization+$2.56 BImpairments: $0.00(Income) loss from equity-method investments: -$9,000,000.00Equity-method results−$9.00 MShare-based compensation: $62,000,000.00Stock-based compensation+$62.00 MAmortization of discounts and debt issue costs: $141,000,000.00Debt cost amortization+$141.00 MNon-cash lease expense: $142,000,000.00Non-cash lease expense+$142.00 MOther: $71,000,000.00Other operating, net+$71.00 MReceivables: -$49,000,000.00Receivables, net−$49.00 MInventories: $9,000,000.00Inventories+$9.00 MPrepaid expenses and other assets: $352,000,000.00Other operating assets+$352.00 MAccounts payable: -$26,000,000.00Accounts payable−$26.00 MAccrued liabilities and other: $167,000,000.00Other operating liabilities+$167.00 MCustomer deposits: $507,000,000.00Deferred revenue+$507.00 M(Gain) loss on debt extinguishment: $76,000,000.00Debt extinguishment gain & loss+$76.00 MGain on sales of ships: -$41,000,000.00Gain on sales of ships−$41.00 MGreenhouse gas regulatory expense: $46,000,000.00Greenhouse gas reg. expense+$46.00 MRemaining operating cash flows, net (calculated): $2,000,000.00Remaining operating (calculated)+$2.00 MNet cash from operating activities: $5,923,000,000.00Operating cash+$5.92 BOperating adjustments reconciliation: $4,132,000,000.00Repayments of short-term borrowings: $0.00Principal repayments of long-term debt: -$5,436,000,000.00Other long-term debt repaid−$5.44 BProceeds from issuance of long-term debt: $3,095,000,000.00Other long-term debt issued+$3.10 BProceeds from issuance of common stock: $0.00Proceeds from issuance of common stock under the Stock Swap Program: $0.00Purchase of treasury stock under the Stock Swap Program: $0.00Other: $1,000,000.00Other financing, net+$1.00 MDebt issuance costs: -$203,000,000.00Debt issuance costs−$203.00 MDebt extinguishment costs: -$41,000,000.00Debt extinguishment costs−$41.00 MNet cash used in financing activities: -$2,584,000,000.00. Cash required to fund net payments.Financing cash−$2.58 Bfinancing reconciliation: $5,680,000,000.00Other: $34,000,000.00Other investing, net+$34.00 MPurchases of property and equipment: -$4,626,000,000.00PP&E purchases−$4.63 BProceeds from maturity of short-term investments: $0.00Purchase of short-term investments: -$0.00Proceeds from sales of ships and other property and equipment: $58,000,000.00PP&E sales+$58.00 MRemaining investing cash flows, net (calculated): -$1,000,000.00Remaining investing (calculated)−$1.00 MNet cash used in investing activities: -$4,535,000,000.00. Cash required to fund net payments.Investing cash−$4.54 Binvesting reconciliation: $4,627,000,000.00Cash sources and uses: $8,359,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $2,436,000,000.00Beginning cash$2.44 BEnding cash: Cash, cash equivalents, and restricted cash: $1,231,000,000.00Ending cash$1.23 BExchange-rate effect: -$8,000,000.00FX effect−$8.00 MDifference in the filed cash totals (calculated): -$1,000,000.00Filer's cash difference(calculated)−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.30 BOperating cash − cash spent on PP&ECash flow / Net income3.09×Operating cash flow ÷ net incomeNet cash change−$1.21 BEnding cash − beginning cash
Chart details

Carnival Corporation cash flow reconciliation, Dec 1, 2023 through Nov 30, 2024

Cash flows for Dec 1, 2023 through Nov 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Nov 30, 2023. Ending cash: Nov 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Nov 30, 2023
2,436,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
5,923,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. The filing's tagged operating lines do not add up to the operating total; this is the difference. It may combine inflows and outflows.
Net income (loss)
1,916,000,000 US dollars
Depreciation and amortization
2,557,000,000 US dollars
Impairments
0 US dollars
(Income) loss from equity-method investments
negative 9,000,000 US dollars
Share-based compensation
62,000,000 US dollars
Amortization of discounts and debt issue costs
141,000,000 US dollars
Non-cash lease expense
142,000,000 US dollars
Other
71,000,000 US dollars
Receivables
negative 49,000,000 US dollars
Inventories
9,000,000 US dollars
Prepaid expenses and other assets
352,000,000 US dollars
Accounts payable
negative 26,000,000 US dollars
Accrued liabilities and other
167,000,000 US dollars
Customer deposits
507,000,000 US dollars
(Gain) loss on debt extinguishment
76,000,000 US dollars
Gain on sales of ships
negative 41,000,000 US dollars
Greenhouse gas regulatory expense
46,000,000 US dollars
Remaining operating cash flows, net (calculated)
2,000,000 US dollars
Investing activities
negative 4,535,000,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. The filing's tagged investing lines do not add up to the investing total; this is the difference. It may combine inflows and outflows.
Other
34,000,000 US dollars
Purchases of property and equipment
negative 4,626,000,000 US dollars
Proceeds from maturity of short-term investments
0 US dollars
Purchase of short-term investments
0 US dollars
Proceeds from sales of ships and other property and equipment
58,000,000 US dollars
Remaining investing cash flows, net (calculated)
negative 1,000,000 US dollars
Financing activities
negative 2,584,000,000 US dollars. Net cash used.
Repayments of short-term borrowings
0 US dollars
Principal repayments of long-term debt
negative 5,436,000,000 US dollars
Proceeds from issuance of long-term debt
3,095,000,000 US dollars
Proceeds from issuance of common stock
0 US dollars
Proceeds from issuance of common stock under the Stock Swap Program
0 US dollars
Purchase of treasury stock under the Stock Swap Program
0 US dollars
Other
1,000,000 US dollars
Debt issuance costs
negative 203,000,000 US dollars
Debt extinguishment costs
negative 41,000,000 US dollars
Operating adjustment reconciliation
4,132,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
5,680,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
4,627,000,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
negative 8,000,000 US dollars
Difference in the filed cash totals (calculated)
negative 1,000,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
Ending cash on Nov 30, 2024
1,231,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
8,359,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 1,205,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
3.09×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
5,923,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
4,626,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,297,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $4.01B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • The filer's reported cash figures differ by $1.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 5,923,000,000 US dollars minus 4,626,000,000 US dollars equals 1,297,000,000 US dollars.
  • The filer's reported cash figures differ by $1.00 M: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
Carnival Corporation (CCL) FY2024 Annual Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!