Carnival Corporation Cash Flow Statement

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May '25 May 31, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021	Nov '20 Nov 30, 2020
Net Income	2,525	1,916	-74	-6,093	-9,501	-10,236
Depreciation & Amortization	2,656	2,557	2,370	2,275	2,233	2,241
Stock-Based Compensation	77	62	53	101	121	105
Other Adjustments	587.5	426	406	886	2,081	4,777
Change in Receivables	-65	-49	-180	-171	-7	125
Changes in Inventories	28	9	-85	-95	-63	77
Changes in Accounts Payable	16	-26	77	283	206	-165
Changes in Accrued Expenses	-185	167	147	341	601	-311
Changes in Unearned Revenue	132	507	1,169	1,679	1,291	-2,703
Changes in Other Operating Activities	-306	352	397	-874	-1,070	-209
Operating Cash Flow	5,433	5,923	4,281	-1,670	-4,109	-6,301
Operating Cash Flow Growth	-17.22%	38.36%	-	-	-	-
Capital Expenditures	-2,627	-4,626	-3,284	-4,940	-3,607	-3,620
Sale of Property, Plant & Equipment	370	58	340	70	351	334
Purchases of Investments	-	-	-	-315	-2,873	-
Proceeds from Sale of Investments	-	-	-	515	2,673	-
Other Investing Activities	-83	34	134	-97	-87	46
Investing Cash Flow	-2,342	-4,535	-2,810	-4,767	-3,543	-3,240
Short-Term Debt Issued	-	-	-	-	-	2,852
Short-Term Debt Repaid	-	-	-200	-2,590	-293	-
Net Short-Term Debt Issued (Repaid)	-	-	-200	-2,590	-293	2,852
Long-Term Debt Issued	4,153	3,095	2,961	7,209	13,042	15,020
Long-Term Debt Repaid	-6,428	-5,436	-7,660	-2,075	-5,956	-1,621
Net Long-Term Debt Issued (Repaid)	-2,276	-2,341	-4,699	5,134	7,086	13,399
Issuance of Common Stock	-	-	27	1,275	1,215	3,249
Repurchase of Common Stock	-	-	-20	-87	-188	-12
Net Common Stock Issued (Repurchased)	-	-	7	1,188	1,027	3,237
Common Dividends Paid	-	-	-	-	-	-689
Other Financing Activities	-409.5	-243	-197	-155	-871	-150
Financing Cash Flow	-2,612	-2,584	-5,089	3,577	6,949	18,650
Effect of Exchange Rate Changes on Cash and Cash Equivalents	22	-8	17	-79	-13	53
Net Cash Flow	503	-1,204	-3,601	-2,940	-715	9,161
Free Cash Flow	2,806	1,297	997	-6,610	-7,716	-9,921
Free Cash Flow Growth	116.35%	30.09%	-	-	-	-
FCF Margin	10.80%	5.18%	4.62%	-54.32%	-404.40%	-177.32%
Free Cash Flow Per Share	-	-	-	-5.60	-6.87	-12.80
Levered Free Cash Flow	-36.5	-1,485	-4,182	-4,880	-3,117	1,325
Unlevered Free Cash Flow	3,900	2,516	3,157	-5,720	-7,482	-13,540

Updated May 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.