Carnival Corporation & plc (CCL)

Carnival Corporation Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Net Income	2,641	1,916	-74	-6,093	-9,501	-10,236
Depreciation & Amortization	2,723	2,557	2,370	2,275	2,233	2,241
Other Amortization	122	141	161	171	172	119
Loss (Gain) From Sale of Assets	-136	-41	-88	-7	-11	-
Asset Writedown & Restructuring Costs	-2	-	-	440	817	4,063
Loss (Gain) From Sale of Investments	-	-	21	30	17	-
Loss (Gain) on Equity Investments	-11	-9	13	38	129	20
Stock-Based Compensation	85	62	53	101	121	105
Other Operating Activities	653	337	300	212	956	573
Change in Accounts Receivable	-40	-49	-180	-171	-7	125
Change in Inventory	11	9	-85	-95	-63	77
Change in Accounts Payable	47	-26	77	283	206	-165
Change in Unearned Revenue	251	507	1,169	1,679	1,291	-2,703
Change in Other Net Operating Assets	-733	519	544	-533	-469	-520
Operating Cash Flow	5,611	5,923	4,281	-1,670	-4,109	-6,301
Operating Cash Flow Growth	-5.44%	38.36%	-	-	-	-
Capital Expenditures	-2,697	-4,626	-3,284	-4,940	-3,607	-3,620
Sale of Property, Plant & Equipment	354	58	340	70	351	334
Cash Acquisitions	-	-	-	-	-90	-81
Investment in Securities	-47	-	-	200	-200	-
Other Investing Activities	1	33	134	-97	3	127
Investing Cash Flow	-2,389	-4,535	-2,810	-4,767	-3,543	-3,240
Short-Term Debt Issued	-	-	-	-	-	2,852
Long-Term Debt Issued	-	3,095	2,961	7,209	13,042	15,020
Total Debt Issued	8,665	3,095	2,961	7,209	13,042	17,872
Short-Term Debt Repaid	-	-	-200	-2,590	-293	-
Long-Term Debt Repaid	-	-5,436	-7,660	-2,075	-5,956	-1,621
Total Debt Repaid	-11,273	-5,436	-7,860	-4,665	-6,249	-1,621
Net Debt Issued (Repaid)	-2,608	-2,341	-4,899	2,544	6,793	16,251
Issuance of Common Stock	-	-	27	1,275	1,215	3,249
Repurchase of Common Stock	-	-	-20	-87	-188	-12
Common Dividends Paid	-	-	-	-	-	-689
Other Financing Activities	-378	-243	-197	-155	-871	-149
Financing Cash Flow	-2,986	-2,584	-5,089	3,577	6,949	18,650
Foreign Exchange Rate Adjustments	12	-8	17	-79	-13	53
Miscellaneous Cash Flow Adjustments	2	-	-	-1	1	-1
Net Cash Flow	250	-1,204	-3,601	-2,940	-715	9,161
Free Cash Flow	2,914	1,297	997	-6,610	-7,716	-9,921
Free Cash Flow Growth	137.88%	30.09%	-	-	-	-
Free Cash Flow Margin	11.11%	5.18%	4.62%	-54.32%	-404.40%	-177.35%
Free Cash Flow Per Share	2.08	0.93	0.79	-5.60	-6.87	-12.80
Cash Interest Paid	1,600	1,600	2,000	1,400	1,300	600
Levered Free Cash Flow	1,939	593.5	1,158	-6,017	-4,111	-7,887
Unlevered Free Cash Flow	2,715	1,549	2,288	-5,183	-3,283	-7,446
Change in Working Capital	-464	960	1,525	1,163	958	-3,186

Updated Sep 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q