← Carnival Corp Ltd.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.8b $2.6b $3.2b $3.0b ($10.2b) ($9.5b) ($6.1b) ($74.0m) $1.9b $2.8b
Net Income (Loss) Available to Common Stockholders, Basic $2.8b $2.6b $3.2b $3.0b ($10.2b) ($9.5b) ($6.1b) ($74.0m) $1.9b $2.8b
Amortization of Debt Issuance Costs and Discounts — — — $22.0m $119.0m $172.0m $171.0m $161.0m $141.0m $116.0m
Amortization of Intangible Assets $4.0m — — — — — — — — —
Amortization of discounts and debt issue costs — — — $22.0m $119.0m $172.0m $171.0m $161.0m $141.0m $116.0m
Depreciation and amortization $1.7b $1.8b $2.0b $2.2b $2.2b $2.2b $2.3b $2.4b $2.6b $2.8b
Depreciation, Depletion and Amortization, Nonproduction $1.7b $1.8b $2.0b $2.2b $2.2b $2.2b $2.3b $2.4b $2.6b $2.8b
Goodwill and Intangible Asset Impairment — $89.0m $0 $0 $2.1b $226.0m $0 $0 — —
Goodwill, Impairment Loss — $38.0m — — $2.1b $226.0m $0 — — —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — $50.0m — — — — — — — —
Share-based Payment Arrangement, Noncash Expense $55.0m $63.0m $65.0m $46.0m $105.0m $121.0m $101.0m $53.0m $62.0m $98.0m
Share-based compensation $55.0m $63.0m $65.0m $46.0m $105.0m $121.0m $101.0m $53.0m $62.0m $98.0m
Gain (Loss) on Extinguishment of Debt — — $0 $0 ($464.0m) ($668.0m) ($1.0m) ($98.0m) ($76.0m) ($401.0m)
Income (Loss) from Equity Method Investments — — — — — ($129.0m) ($38.0m) ($13.0m) $9.0m —
Income Tax Expense (Benefit) $49.0m $60.0m $54.0m $71.0m ($17.0m) ($21.0m) $14.0m $13.0m ($1.0m) $12.0m
Interest Expense Nonoperating — — — — — — — — $1.8b $1.3b
Loss on debt extinguishment — — $0 $0 $464.0m $668.0m $1.0m $98.0m $76.0m $401.0m
Other Nonoperating Income (Expense) $21.0m $11.0m $3.0m ($32.0m) ($511.0m) ($173.0m) ($165.0m) ($75.0m) $83.0m ($4.0m)
Changes in operating assets and liabilities:
Additional Financial Items
Accounts payable $109.0m $21.0m ($24.0m) $34.0m ($165.0m) $206.0m $283.0m $77.0m ($26.0m) $61.0m
Accrued liabilities and other ($21.0m) $73.0m ($100.0m) $80.0m ($311.0m) $601.0m $341.0m $147.0m $167.0m ($218.0m)
Advances to affiliates — — — — — — — ($21.0m) ($64.0m) ($100.0m)
Customer deposits $366.0m $361.0m $539.0m $387.0m ($2.7b) $1.3b $1.7b $1.2b $507.0m $308.0m
Debt extinguishment costs — — — $0 $0 ($545.0m) ($1.0m) ($79.0m) ($41.0m) ($272.0m)
Gain (Loss) on Sale of Derivatives ($283.0m) ($192.0m) — — $0 — — — — —
Gain on sales of ships — — — — — ($11.0m) ($7.0m) ($88.0m) ($41.0m) ($112.0m)
Goodwill $2.9b $3.0b $2.9b $2.9b $807.0m $579.0m $579.0m $579.0m $579.0m $579.0m
Greenhouse gas regulatory expense — — — — — — $0 $0 $46.0m $91.0m
Increase (Decrease) in Accounts Payable $109.0m $21.0m ($24.0m) $34.0m ($165.0m) $206.0m $283.0m $77.0m ($26.0m) $61.0m
Increase (Decrease) in Inventories ($1.0m) $49.0m $67.0m ($79.0m) ($77.0m) $63.0m $95.0m $85.0m ($9.0m) ($2.0m)
Increase (Decrease) in Other Operating Assets ($11.0m) $13.0m ($74.0m) $254.0m $209.0m $1.1b $874.0m ($397.0m) ($352.0m) $214.0m
Inventories $1.0m ($49.0m) ($67.0m) $79.0m $77.0m ($63.0m) ($95.0m) ($85.0m) $9.0m $2.0m
Investment Income, Interest $6.0m $9.0m $14.0m $23.0m $18.0m $12.0m $74.0m $233.0m $93.0m $51.0m
Non-cash lease expense — — $0 $0 $172.0m $140.0m $148.0m $145.0m $142.0m $161.0m
Nonoperating Income (Expense) ($243.0m) ($143.0m) ($118.0m) ($215.0m) ($1.4b) ($2.4b) ($1.7b) ($2.0b) ($1.7b) —
Operating Costs and Expenses — — — — — — $11.8b $14.3b $15.6b $15.9b
Other — — — — — ($7.0m) ($1.0m) $13.0m $1.0m $12.0m
Pension Cost (Reversal of Cost) $27.0m $53.0m $36.0m $34.0m — — — — — —
Prepaid expenses and other assets $11.0m ($13.0m) $74.0m ($254.0m) ($209.0m) ($1.1b) ($874.0m) $397.0m $352.0m ($214.0m)
Proceeds from sales of ships and other property and equipment $26.0m $0 $389.0m $26.0m $334.0m $351.0m $70.0m $340.0m $58.0m $323.0m
Receivables ($22.0m) $6.0m ($58.0m) ($114.0m) $125.0m ($7.0m) ($171.0m) ($180.0m) ($49.0m) ($84.0m)
Repayments of short-term borrowings — — — — — ($293.0m) ($2.6b) ($200.0m) $0 $0
Unrealized Gain (Loss) on Derivatives $236.0m $227.0m — — $0 — — — — —
Net Cash Provided by (Used in) Operating Activities $5.1b $5.3b $5.5b $5.5b ($6.3b) ($4.1b) ($1.7b) $4.3b $5.9b $6.2b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.1b $2.9b $3.7b $5.4b $3.6b $3.6b $4.9b $3.3b $4.6b $3.6b
Payments for (Proceeds from) Other Investing Activities ($4.0m) ($58.0m) $102.0m ($132.0m) ($127.0m) ($3.0m) $96.0m ($134.0m) ($34.0m) ($67.0m)
Net Cash Provided by (Used in) Investing Activities ($3.3b) ($3.1b) ($3.5b) ($5.3b) ($3.2b) ($3.5b) ($4.8b) ($2.8b) ($4.5b) ($3.3b)
Cash flows from financing activities:
Debt issuance costs — — — — — ($319.0m) ($153.0m) ($131.0m) ($203.0m) ($144.0m)
Proceeds from issuance of long-term debt $1.5b $467.0m $2.5b $3.7b $15.0b $13.0b $7.2b $3.0b $3.1b $11.2b
Principal repayments of long-term debt ($1.3b) ($1.2b) ($1.6b) ($1.7b) ($1.6b) ($6.0b) ($2.1b) ($7.7b) ($5.4b) ($12.9b)
Proceeds from Issuance of Common Stock — — — — $3.2b $1.0b $1.2b $5.0m $0 —
Payments for Repurchase of Common Stock $2.3b $552.0m $1.5b $603.0m $12.0m $0 $0 — — —
Dividends paid $977.0m $1.1b $1.4b $1.4b $689.0m $0 $0 — — —
Proceeds from (Payments for) Other Financing Activities ($25.0m) ($24.0m) ($39.0m) ($82.0m) ($150.0m) ($327.0m) ($154.0m) $13.0m $1.0m $12.0m
Net Cash Provided by (Used in) Financing Activities ($2.6b) ($2.5b) ($1.5b) ($655.0m) $18.6b $6.9b $3.6b ($5.1b) ($2.6b) ($2.2b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $11.0m ($1.0m) ($9.0m) $53.0m ($13.0m) ($79.0m) $17.0m ($8.0m) $19.0m
Effect of exchange rate changes on cash, cash equivalents and restricted cash — $11.0m ($1.0m) ($9.0m) $53.0m ($13.0m) ($79.0m) $17.0m ($8.0m) $19.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $11.0m ($1.0m) ($465.0m) $9.2b ($715.0m) ($2.9b) ($3.6b) ($1.2b) $727.0m
Net increase (decrease) in cash, cash equivalents and restricted cash — ($241.0m) $574.0m ($465.0m) $9.2b ($715.0m) ($2.9b) ($3.6b) ($1.2b) $727.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $11.0m ($1.0m) $530.0m $9.7b $9.0b $6.0b $2.4b $1.2b $2.0b
Cash, Cash Equivalents, and Short-term Investments — — — — — $9.4b $8.6b $5.4b — —
Cash, cash equivalents and restricted cash at beginning of year — $422.0m $996.0m $530.0m $9.7b $9.0b $6.0b $2.4b $1.2b $2.0b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $211.0m $191.0m $182.0m $171.0m $610.0m $1.3b $1.4b $2.0b $1.6b $1.2b
Income Taxes Paid, Net ($48.0m) $43.0m $58.0m $46.0m — $0 — — — —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.