Carnival Corporation (CCL) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-12-01 to 2025-02-28

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Carnival Corporation cash flow reconciliation, Dec 1, 2024 through Feb 28, 2025One 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. 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.Depreciation and amortization → operating reconciliation: $654,000,000.00Customer deposits → operating reconciliation: $503,000,000.00(Gain) loss on debt extinguishment → operating reconciliation: $249,000,000.00Non-cash lease expense → operating reconciliation: $37,000,000.00Receivables → operating reconciliation: $33,000,000.00Amortization of discounts and debt issue costs → operating reconciliation: $30,000,000.00Other → operating reconciliation: $26,000,000.00Share-based compensation → operating reconciliation: $18,000,000.00Greenhouse gas regulatory expense → operating reconciliation: $6,000,000.00(Income) loss from equity-method investments → operating reconciliation: $2,000,000.00operating reconciliation → Net cash from operating activities: $925,000,000.00operating reconciliation → Net income (loss): $78,000,000.00operating reconciliation → Accrued liabilities and other: $443,000,000.00operating reconciliation → Prepaid expenses and other assets: $64,000,000.00operating reconciliation → Accounts payable: $31,000,000.00operating reconciliation → Inventories: $17,000,000.00Proceeds from sales of ships and other → investing reconciliation: $11,000,000.00investing reconciliation → Purchases of property and equipment: $607,000,000.00investing reconciliation → Other: $9,000,000.00Net cash used in financing activities → financing reconciliation: $690,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $2,980,000,000.00financing reconciliation → Principal repayments of long-term debt: $3,448,000,000.00financing reconciliation → Debt extinguishment costs: $197,000,000.00financing reconciliation → Debt issuance costs: $24,000,000.00financing reconciliation → Other: $1,000,000.00Net cash used in investing activities → investing reconciliation: $605,000,000.00Difference in the filed cash totals (calculated) → Cash sources and uses: $1,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,231,000,000.00Net cash from operating activities → Cash sources and uses: $925,000,000.00Cash sources and uses → Exchange-rate effect: $6,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $856,000,000.00Cash sources and uses → Net cash used in investing activities: $605,000,000.00Cash sources and uses → Net cash used in financing activities: $690,000,000.00Depreciation and amortization: $654,000,000.00Depreciation & amortization+$654.00 MNet income (loss): -$78,000,000.00Net income (loss)−$78.00 MPrepaid expenses and other assets: -$64,000,000.00Other operating assets−$64.00 MAccrued liabilities and other: -$443,000,000.00Other operating liabilities−$443.00 MReceivables: $33,000,000.00Receivables, net+$33.00 MAmortization of discounts and debt issue costs: $30,000,000.00Debt cost amortization+$30.00 MInventories: -$17,000,000.00Inventories−$17.00 MNon-cash lease expense: $37,000,000.00Non-cash lease expense+$37.00 MOther: $26,000,000.00Other operating, net+$26.00 M(Income) loss from equity-method investments: $2,000,000.00Equity-method results+$2.00 M(Gain) loss on debt extinguishment: $249,000,000.00Debt extinguishment gain & loss+$249.00 MShare-based compensation: $18,000,000.00Stock-based compensation+$18.00 MCustomer deposits: $503,000,000.00Deferred revenue+$503.00 MAccounts payable: -$31,000,000.00Accounts payable−$31.00 MGreenhouse gas regulatory expense: $6,000,000.00Greenhouse gas reg. expense+$6.00 MNet cash from operating activities: $925,000,000.00Operating cash+$925.00 Moperating reconciliation: $1,558,000,000.00Principal repayments of long-term debt: -$3,448,000,000.00Other long-term debt repaid−$3.45 BDebt issuance costs: -$24,000,000.00Debt issuance costs−$24.00 MProceeds from issuance of long-term debt: $2,980,000,000.00Other long-term debt issued+$2.98 BDebt extinguishment costs: -$197,000,000.00Debt extinguishment costs−$197.00 MOther: -$1,000,000.00Other financing, net−$1.00 MNet cash used in financing activities: -$690,000,000.00. Cash required to fund net payments.Financing cash−$690.00 Mfinancing reconciliation: $3,670,000,000.00Other: -$9,000,000.00Other investing, net−$9.00 MPurchases of property and equipment: -$607,000,000.00PP&E purchases−$607.00 MProceeds from sales of ships and other: $11,000,000.00Proceeds from sales of ships and other+$11.00 MNet cash used in investing activities: -$605,000,000.00. Cash required to fund net payments.Investing cash−$605.00 Minvesting reconciliation: $616,000,000.00Cash sources and uses: $2,157,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,231,000,000.00Beginning cash$1.23 BEnding cash: Cash, cash equivalents, and restricted cash: $856,000,000.00Ending cash$856.00 MExchange-rate effect: -$6,000,000.00FX effect−$6.00 MDifference in the filed cash totals (calculated): $1,000,000.00Filer's cash difference(calculated)+$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$78.00M + net operating adjustments $1.00B = operating cash +$925.00MFree cash flow$318.00 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$375.00 MEnding cash − beginning cash
Chart details

Carnival Corporation cash flow reconciliation, Dec 1, 2024 through Feb 28, 2025

Cash flows for Dec 1, 2024 through Feb 28, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Nov 30, 2024. Ending cash: Feb 28, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Nov 30, 2024
1,231,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
925,000,000 US dollars. Net cash provided.
Net income (loss)
negative 78,000,000 US dollars
Depreciation and amortization
654,000,000 US dollars
Prepaid expenses and other assets
negative 64,000,000 US dollars
Accrued liabilities and other
negative 443,000,000 US dollars
Receivables
33,000,000 US dollars
Amortization of discounts and debt issue costs
30,000,000 US dollars
Inventories
negative 17,000,000 US dollars
Non-cash lease expense
37,000,000 US dollars
Other
26,000,000 US dollars
(Income) loss from equity-method investments
2,000,000 US dollars
(Gain) loss on debt extinguishment
249,000,000 US dollars
Share-based compensation
18,000,000 US dollars
Customer deposits
503,000,000 US dollars
Accounts payable
negative 31,000,000 US dollars
Greenhouse gas regulatory expense
6,000,000 US dollars
Investing activities
negative 605,000,000 US dollars. Net cash used.
Other
negative 9,000,000 US dollars
Purchases of property and equipment
negative 607,000,000 US dollars
Proceeds from sales of ships and other
11,000,000 US dollars
Financing activities
negative 690,000,000 US dollars. Net cash used.
Principal repayments of long-term debt
negative 3,448,000,000 US dollars
Debt issuance costs
negative 24,000,000 US dollars
Proceeds from issuance of long-term debt
2,980,000,000 US dollars
Debt extinguishment costs
negative 197,000,000 US dollars
Other
negative 1,000,000 US dollars
Operating adjustment reconciliation
1,558,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,670,000,000 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 gross reconciliation
616,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 6,000,000 US dollars
Difference in the filed cash totals (calculated)
1,000,000 US dollars. Into cash; drawn as the small gray flow above beginning cash.
Ending cash on Feb 28, 2025
856,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,157,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 375,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
925,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
607,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
318,000,000 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 loss −$78.00M + net operating adjustments $1.00B = operating cash +$925.00M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: 925,000,000 US dollars minus 607,000,000 US dollars equals 318,000,000 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) FY2025 Q1 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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