Carnival Corporation Ltd. (CCL)
NYSE: CCL · Real-Time Price · USD
24.54
-0.57 (-2.27%)
At close: Sep 30, 2026, 4:00 PM EDT
24.44
-0.10 (-0.41%)
Pre-market: Oct 1, 2026, 4:43 AM EDT
Carnival Corporation Cash Flow Statement
Financials in millions USD. Fiscal year is December - November.
Millions USD. Fiscal year is Dec - Nov.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Net Income | 3,137 | 2,760 | 1,916 | -74 | -6,093 | -9,501 |
Depreciation & Amortization | 2,898 | 2,790 | 2,557 | 2,370 | 2,275 | 2,233 |
Other Amortization | 109 | 116 | 141 | 161 | 171 | 172 |
Loss (Gain) From Sale of Assets | -7 | -112 | -41 | -88 | -7 | -11 |
Asset Writedown & Restructuring Costs | - | - | - | - | 440 | 817 |
Loss (Gain) From Sale of Investments | - | - | - | - | 30 | 17 |
Loss (Gain) on Equity Investments | - | - | - | - | 38 | 129 |
Stock-Based Compensation | 101 | 98 | 62 | 53 | 101 | 121 |
Other Operating Activities | 501 | 711 | 328 | 334 | 212 | 956 |
Change in Accounts Receivable | - | -84 | -49 | -180 | -171 | -7 |
Change in Inventory | -59 | 2 | 9 | -85 | -95 | -63 |
Change in Accounts Payable | 31 | 61 | -26 | 77 | 283 | 206 |
Change in Unearned Revenue | - | - | - | - | 1,679 | 1,291 |
Change in Other Net Operating Assets | 110 | -124 | 1,026 | 1,713 | -533 | -469 |
Operating Cash Flow | 6,821 | 6,218 | 5,923 | 4,281 | -1,670 | -4,109 |
Operating Cash Flow Growth | 21.57% | 4.98% | 38.36% | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Capital Expenditures | -3,645 | -3,611 | -4,626 | -3,284 | -4,940 | -3,607 |
Sale of Property, Plant & Equipment | 14 | 323 | 58 | 340 | 70 | 351 |
Cash Acquisitions | - | - | - | - | - | -90 |
Investment in Securities | -60 | -100 | -64 | -21 | 200 | -200 |
Other Investing Activities | 2 | 67 | 97 | 155 | -97 | 3 |
Investing Cash Flow | -3,689 | -3,321 | -4,535 | -2,810 | -4,767 | -3,543 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Long-Term Debt Issued | - | 11,152 | 3,095 | 2,961 | 7,209 | 13,042 |
Total Debt Issued | 2,534 | 11,152 | 3,095 | 2,961 | 7,209 | 13,042 |
Short-Term Debt Repaid | - | - | - | -200 | -2,590 | -293 |
Long-Term Debt Repaid | - | -12,936 | -5,436 | -7,660 | -2,075 | -5,956 |
Total Debt Repaid | -4,446 | -12,936 | -5,436 | -7,860 | -4,665 | -6,249 |
Net Debt Issued (Repaid) | -1,912 | -1,784 | -2,341 | -4,899 | 2,544 | 6,793 |
Issuance of Common Stock | - | - | - | - | 1,275 | 1,215 |
Repurchase of Common Stock | -929 | - | - | - | -87 | -188 |
Common Dividends Paid | -618 | - | - | - | - | - |
Other Financing Activities | -207 | -405 | -243 | -190 | -155 | -871 |
Financing Cash Flow | -3,666 | -2,189 | -2,584 | -5,089 | 3,577 | 6,949 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Foreign Exchange Rate Adjustments | -16 | 19 | -8 | 17 | -79 | -13 |
Miscellaneous Cash Flow Adjustments | -2 | - | -1 | - | -1 | 1 |
Net Cash Flow | -552 | 727 | -1,205 | -3,601 | -2,940 | -715 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Free Cash Flow | 3,176 | 2,607 | 1,297 | 997 | -6,610 | -7,716 |
Free Cash Flow Growth | 8.99% | 101.00% | 30.09% | - | - | - |
Free Cash Flow Margin | 11.51% | 9.79% | 5.18% | 4.62% | -54.32% | -404.40% |
Free Cash Flow Per Share | 2.29 | 1.86 | 0.93 | 0.79 | -5.60 | -6.87 |
Levered Free Cash Flow | 1,808 | 1,549 | 591.5 | 1,158 | -6,017 | -4,111 |
Unlevered Free Cash Flow | 2,434 | 2,276 | 1,547 | 2,288 | -5,183 | -3,283 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | Nov '25 Nov 30, 2025 | Nov '24 Nov 30, 2024 | Nov '23 Nov 30, 2023 | Nov '22 Nov 30, 2022 | Nov '21 Nov 30, 2021 |
Cash Interest Paid | 1,200 | 1,200 | 1,600 | 2,000 | 1,400 | 1,300 |
Change in Working Capital | 82 | -145 | 960 | 1,525 | 1,163 | 958 |