Carnival Corporation Ltd. (CCL)
NYSE: CCL · Real-Time Price · USD
26.11
-0.97 (-3.58%)
At close: Oct 23, 2026, 4:00 PM EDT
26.10
-0.01 (-0.04%)
After-hours: Oct 23, 2026, 7:59 PM 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 Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Net Income | 1,920 | 537 | 258 | 422 | 1,852 | 564 | -78 | 303 | 1,736 | 91 | -214 | -48 | 1,074 | -407 | -693 | -1,598 | -769 | -1,835 | -1,891 | -2,620 |
Depreciation & Amortization | 753 | 723 | 696 | 726 | 718 | 692 | 654 | 659 | 651 | 634 | 613 | 596 | 595 | 597 | 582 | 568 | 581 | 572 | 554 | 552 |
Other Amortization | 27 | 27 | 27 | 28 | 28 | 30 | 30 | 34 | 35 | 36 | 36 | 35 | 41 | 41 | 44 | 40 | 44 | 41 | 46 | 41 |
Loss (Gain) From Sale of Assets | 2 | - | - | -9 | - | -103 | - | -33 | -8 | - | - | -34 | -54 | - | - | -1 | -18 | 12 | - | - |
Asset Writedown & Restructuring Costs | - | - | - | - | - | - | - | -2 | 2 | - | - | -19 | 19 | - | - | 432 | - | - | 8 | 276 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | - | - | - | - | - | - | 21 | - | - | - | 30 | - | - | - | 17 |
Loss (Gain) on Equity Investments | - | - | - | 5 | - | - | - | 3 | -10 | 4 | 3 | -3 | -11 | 16 | 11 | 38 | 4 | -15 | 11 | 94 |
Stock-Based Compensation | 23 | 22 | 28 | 28 | 25 | 27 | 18 | 15 | 17 | 19 | 11 | 10 | 12 | 22 | 9 | 22 | 25 | 28 | 26 | 26 |
Other Operating Activities | 125 | 115 | 133 | 123 | 150 | 113 | 320 | 56 | 88 | 102 | 82 | 54 | 152 | 51 | 43 | 73 | 73 | 27 | 39 | 381 |
Change in Accounts Receivable | -21 | 25 | 17 | -21 | -85 | -11 | 33 | 23 | -110 | 144 | -106 | -81 | -44 | 66 | -121 | -37 | -14 | -98 | -22 | 30 |
Change in Inventory | 22 | -45 | -3 | -33 | 2 | 50 | -17 | -24 | 19 | 21 | -7 | -42 | -37 | 13 | -19 | -8 | -8 | -42 | -37 | -44 |
Change in Accounts Payable | -11 | 29 | -33 | 46 | 25 | 21 | -31 | 32 | -6 | -41 | -11 | 46 | 54 | 12 | -35 | 107 | 37 | 163 | -24 | 191 |
Change in Unearned Revenue | - | - | - | - | - | - | - | - | - | - | - | 72 | -932 | 1,433 | 596 | 296 | -228 | 1,424 | 187 | 394 |
Change in Other Net Operating Assets | -1,430 | 1,197 | 140 | 203 | -1,332 | 1,009 | -4 | -155 | -1,209 | 1,029 | 1,361 | 315 | 965 | -707 | -29 | -79 | -71 | -274 | -109 | 294 |
Operating Cash Flow | 1,410 | 2,630 | 1,263 | 1,518 | 1,383 | 2,392 | 925 | 911 | 1,205 | 2,039 | 1,768 | 922 | 1,834 | 1,137 | 388 | -117 | -344 | 3 | -1,212 | -368 |
Operating Cash Flow Growth (YoY) | 1.95% | 9.95% | 36.54% | 66.63% | 14.77% | 17.31% | -47.68% | -1.19% | -34.30% | 79.33% | 355.67% | - | - | 37800.00% | - | - | - | - | - | - |
Investing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Capital Expenditures | -698 | -875 | -566 | -1,506 | -647 | -851 | -607 | -592 | -577 | -1,319 | -2,138 | -675 | -837 | -697 | -1,075 | -1,181 | -538 | -491 | -2,730 | -487 |
Sale of Property, Plant & Equipment | - | - | 3 | 11 | - | 301 | 11 | 42 | 16 | - | - | 80 | 5 | 232 | 23 | 15 | - | 37 | 18 | - |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -1 | - | - | - | - |
Investment in Securities | -4 | -9 | -37 | -10 | -50 | -31 | -9 | -21 | -43 | - | - | - | - | - | - | - | 151 | 364 | -315 | 446 |
Other Investing Activities | - | - | 3 | -1 | 73 | -5 | - | -3 | 27 | 98 | -25 | 107 | 19 | - | 8 | -133 | 27 | 15 | -5 | 33 |
Investing Cash Flow | -702 | -884 | -597 | -1,506 | -624 | -586 | -605 | -574 | -577 | -1,221 | -2,163 | -488 | -813 | -465 | -1,044 | -1,300 | -360 | -75 | -3,032 | -8 |
Financing Activities
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Long-Term Debt Issued | - | - | - | - | - | - | 2,980 | - | - | - | 1,735 | - | - | - | 830 | - | - | - | 2,347 | - |
Total Debt Issued | - | - | - | 2,534 | 4,536 | 1,102 | 2,980 | 47 | - | 1,313 | 1,735 | - | 1,945 | 186 | 830 | 3,875 | - | 987 | 2,347 | 5,125 |
Short-Term Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -48 | - |
Long-Term Debt Repaid | - | - | -945 | - | - | - | -3,448 | - | - | - | -1,390 | - | - | - | -679 | - | - | - | -503 | - |
Total Debt Repaid | -939 | -302 | -945 | -2,260 | -5,612 | -1,616 | -3,448 | -597 | -767 | -2,682 | -1,390 | -832 | -4,534 | -1,815 | -679 | -3,478 | -389 | -247 | -551 | -2,742 |
Net Debt Issued (Repaid) | -939 | -302 | -945 | 274 | -1,076 | -514 | -468 | -550 | -767 | -1,369 | 345 | -832 | -2,589 | -1,629 | 151 | 397 | -389 | 740 | 1,796 | 2,383 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | - | 27 | - | 6 | 1,150 | 77 | 42 | 107 |
Repurchase of Common Stock | -548 | -381 | - | - | - | - | - | - | - | - | - | - | - | -20 | - | -5 | - | -59 | -23 | -94 |
Common Dividends Paid | -204 | -206 | -208 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Financing Activities | -37 | -49 | -13 | -108 | -68 | -7 | -222 | -81 | -3 | -51 | -108 | -28 | -88 | -41 | -40 | -38 | -7 | -23 | -87 | -346 |
Financing Cash Flow | -1,728 | -938 | -1,166 | 166 | -1,144 | -521 | -690 | -631 | -770 | -1,420 | 237 | -860 | -2,677 | -1,663 | 111 | 360 | 754 | 735 | 1,728 | 2,050 |
Net Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Foreign Exchange Rate Adjustments | - | -3 | -2 | -11 | 6 | 30 | -6 | -18 | 16 | -3 | -3 | -8 | 19 | 8 | -2 | -12 | -32 | -27 | -8 | -26 |
Miscellaneous Cash Flow Adjustments | -1 | -1 | 1 | -1 | - | 1 | - | - | - | - | -1 | -1 | 1 | -1 | 1 | -1 | - | - | - | - |
Net Cash Flow | -1,021 | 804 | -501 | 166 | -379 | 1,316 | -376 | -312 | -126 | -605 | -162 | -435 | -1,636 | -984 | -546 | -1,070 | 18 | 636 | -2,524 | 1,648 |
Free Cash Flow
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Free Cash Flow | 712 | 1,755 | 697 | 12 | 736 | 1,541 | 318 | 319 | 628 | 720 | -370 | 247 | 997 | 440 | -687 | -1,298 | -882 | -488 | -3,942 | -855 |
Free Cash Flow Growth (YoY) | -3.26% | 13.89% | 119.18% | -96.24% | 17.20% | 114.03% | - | 29.15% | -37.01% | 63.64% | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow Margin | 8.44% | 26.34% | 11.31% | 0.19% | 9.03% | 24.35% | 5.47% | 5.37% | 7.95% | 12.46% | -6.84% | 4.58% | 14.55% | 8.96% | -15.50% | -33.81% | -20.48% | -20.32% | -242.88% | -66.43% |
Free Cash Flow Per Share | 0.52 | 1.26 | 0.50 | 0.01 | 0.53 | 1.10 | 0.24 | 0.23 | 0.45 | 0.57 | -0.29 | 0.20 | 0.71 | 0.35 | -0.55 | -1.03 | -0.74 | -0.43 | -3.47 | -0.75 |
Levered Free Cash Flow | -179 | 1,320 | 813.88 | -252 | -89.25 | 1,589 | 189.13 | 137.38 | 36.13 | 555.38 | -170.88 | -1,015 | -416.13 | 1,065 | 1,491 | -2,773 | -469.13 | 351.75 | -3,176 | -373.38 |
Unlevered Free Cash Flow | -27.88 | 1,472 | 968.75 | -83.13 | 80.88 | 1,772 | 394.75 | 355.25 | 270.5 | 800.63 | 87.5 | -759.13 | -133.38 | 1,363 | 1,784 | -2,533 | -249.38 | 542 | -2,992 | -196.88 |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Cash Interest Paid | - | - | - | 1,200 | - | - | - | 1,600 | - | - | - | 2,000 | - | - | - | 1,400 | - | - | - | 1,300 |
Change in Working Capital | -1,440 | 1,206 | 121 | 195 | -1,390 | 1,069 | -19 | -124 | -1,306 | 1,153 | 1,237 | 310 | 6 | 817 | 392 | 279 | -284 | 1,173 | -5 | 865 |