Carnival Corporation Ltd. (CCL)
NYSE: CCL · Real-Time Price · USD
29.23
-0.11 (-0.37%)
At close: Nov 13, 2026, 4:00 PM EST
29.08
-0.15 (-0.51%)
After-hours: Nov 13, 2026, 7:59 PM EST
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 | 3,137 | 3,069 | 3,096 | 2,760 | 2,641 | 2,525 | 2,052 | 1,916 | 1,565 | 903 | 405 | -74 | -1,624 | -3,467 | -4,895 | -6,093 | -7,115 | -9,182 | -9,419 | -9,501 |
Depreciation & Amortization | 2,898 | 2,863 | 2,832 | 2,790 | 2,723 | 2,656 | 2,598 | 2,557 | 2,494 | 2,438 | 2,401 | 2,370 | 2,342 | 2,328 | 2,303 | 2,275 | 2,259 | 2,240 | 2,235 | 2,233 |
Other Amortization | 109 | 110 | 113 | 116 | 122 | 129 | 135 | 141 | 142 | 148 | 153 | 161 | 166 | 169 | 169 | 171 | 172 | 176 | 176 | 172 |
Loss (Gain) From Sale of Assets | -7 | -9 | -112 | -112 | -136 | -144 | -41 | -41 | -42 | -88 | -88 | -88 | -55 | -19 | -7 | -7 | -6 | 12 | - | -11 |
Asset Writedown & Restructuring Costs | - | - | - | - | -2 | - | - | - | -17 | - | - | - | 451 | 432 | 432 | 440 | 284 | 759 | 808 | 817 |
Loss (Gain) From Sale of Investments | - | - | - | - | - | - | - | - | 21 | 21 | 21 | - | 30 | 30 | 30 | 30 | 17 | 17 | 17 | 17 |
Loss (Gain) on Equity Investments | - | - | - | - | 3 | -7 | -3 | - | -6 | -7 | 5 | - | 54 | 69 | 38 | 38 | 94 | 111 | 132 | 129 |
Stock-Based Compensation | 101 | 103 | 108 | 98 | 85 | 77 | 69 | 62 | 57 | 52 | 55 | 53 | 65 | 78 | 84 | 101 | 105 | 109 | 107 | 121 |
Other Operating Activities | 501 | 526 | 524 | 711 | 639 | 577 | 566 | 328 | 326 | 390 | 339 | 334 | 319 | 240 | 216 | 212 | 520 | 873 | 905 | 956 |
Change in Accounts Receivable | - | -64 | -100 | -84 | -40 | -65 | 90 | -49 | -153 | -87 | -165 | -180 | -136 | -106 | -270 | -171 | -104 | -158 | -35 | -7 |
Change in Inventory | -59 | -79 | 16 | 2 | 11 | 28 | -1 | 9 | -9 | -65 | -73 | -85 | -51 | -22 | -77 | -95 | -131 | -142 | -99 | -63 |
Change in Accounts Payable | 31 | 67 | 59 | 61 | 47 | 16 | -46 | -26 | -12 | 48 | 101 | 77 | 138 | 121 | 272 | 283 | 367 | 464 | 310 | 206 |
Change in Unearned Revenue | - | - | - | - | - | - | - | - | 72 | -860 | 573 | - | 1,393 | 2,097 | 2,088 | 1,679 | 1,777 | 2,657 | 1,527 | 1,291 |
Change in Other Net Operating Assets | 110 | 208 | 20 | -124 | -482 | -359 | -339 | 1,026 | 1,496 | 3,670 | 1,934 | 1,713 | 150 | -886 | -453 | -533 | -160 | -392 | -482 | -469 |
Operating Cash Flow | 6,821 | 6,794 | 6,556 | 6,218 | 5,611 | 5,433 | 5,080 | 5,923 | 5,934 | 6,563 | 5,661 | 4,281 | 3,242 | 1,064 | -70 | -1,670 | -1,921 | -2,456 | -3,818 | -4,109 |
Operating Cash Flow Growth (YoY) | 21.57% | 25.05% | 29.05% | 4.98% | -5.44% | -17.22% | -10.26% | 38.36% | 83.03% | 516.82% | - | - | - | - | - | - | - | - | - | - |
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 | -3,645 | -3,594 | -3,570 | -3,611 | -2,697 | -2,627 | -3,095 | -4,626 | -4,709 | -4,969 | -4,347 | -3,284 | -3,790 | -3,491 | -3,285 | -4,940 | -4,246 | -4,671 | -4,563 | -3,607 |
Sale of Property, Plant & Equipment | 14 | 14 | 315 | 323 | 354 | 370 | 69 | 58 | 96 | 85 | 317 | 340 | 275 | 270 | 75 | 70 | 55 | 82 | 360 | 351 |
Cash Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | -1 | -1 | -1 | - | - | - | -90 | -90 |
Investment in Securities | -60 | -106 | -128 | -100 | -111 | -104 | -73 | -64 | -43 | - | - | -21 | - | 151 | 515 | 200 | 646 | 2,053 | 1,325 | -200 |
Other Investing Activities | 2 | 75 | 70 | 67 | 65 | 19 | 122 | 97 | 207 | 199 | 101 | 155 | -106 | -98 | -83 | -97 | 70 | 41 | -18 | 3 |
Investing Cash Flow | -3,689 | -3,611 | -3,313 | -3,321 | -2,389 | -2,342 | -2,977 | -4,535 | -4,449 | -4,685 | -3,929 | -2,810 | -3,622 | -3,169 | -2,779 | -4,767 | -3,475 | -2,495 | -2,986 | -3,543 |
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 | - | - | - | 11,152 | - | - | - | 3,095 | - | - | - | 2,961 | - | - | - | 7,209 | - | - | - | 13,042 |
Total Debt Issued | 2,534 | 7,070 | 8,172 | 11,152 | 8,665 | 4,129 | 4,340 | 3,095 | 3,048 | 4,993 | 3,866 | 2,961 | 6,836 | 4,891 | 5,692 | 7,209 | 8,459 | 11,379 | 10,409 | 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 | -9,119 | -10,433 | -12,936 | -11,273 | -6,428 | -7,494 | -5,436 | -5,671 | -9,438 | -8,571 | -7,860 | -10,506 | -6,361 | -4,793 | -4,665 | -3,929 | -5,682 | -6,132 | -6,249 |
Net Debt Issued (Repaid) | -1,912 | -2,049 | -2,261 | -1,784 | -2,608 | -2,299 | -3,154 | -2,341 | -2,623 | -4,445 | -4,705 | -4,899 | -3,670 | -1,470 | 899 | 2,544 | 4,530 | 5,697 | 4,277 | 6,793 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | 27 | - | 33 | 1,183 | 1,233 | 1,275 | 1,376 | 338 | 260 | 1,215 |
Repurchase of Common Stock | -929 | -381 | - | - | - | - | - | - | - | - | -20 | - | -25 | -25 | -64 | -87 | -176 | -270 | -211 | -188 |
Common Dividends Paid | -618 | -414 | -208 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other Financing Activities | -207 | -238 | -196 | -405 | -378 | -313 | -357 | -243 | -190 | -275 | -265 | -190 | -207 | -126 | -108 | -155 | -463 | -876 | -865 | -871 |
Financing Cash Flow | -3,666 | -3,082 | -2,665 | -2,189 | -2,986 | -2,612 | -3,511 | -2,584 | -2,813 | -4,720 | -4,963 | -5,089 | -3,869 | -438 | 1,960 | 3,577 | 5,267 | 4,889 | 3,461 | 6,949 |
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 | -16 | -10 | 23 | 19 | 12 | 22 | -11 | -8 | 2 | 5 | 16 | 17 | 13 | -38 | -73 | -79 | -93 | -67 | -35 | -13 |
Miscellaneous Cash Flow Adjustments | -2 | -1 | 1 | - | 1 | 1 | - | -1 | -2 | -1 | -2 | - | - | -1 | - | -1 | - | - | 1 | 1 |
Net Cash Flow | -552 | 90 | 602 | 727 | 249 | 502 | -1,419 | -1,205 | -1,328 | -2,838 | -3,217 | -3,601 | -4,236 | -2,582 | -962 | -2,940 | -222 | -129 | -3,377 | -715 |
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 | 3,176 | 3,200 | 2,986 | 2,607 | 2,914 | 2,806 | 1,985 | 1,297 | 1,225 | 1,594 | 1,314 | 997 | -548 | -2,427 | -3,355 | -6,610 | -6,167 | -7,127 | -8,381 | -7,716 |
Free Cash Flow Growth (YoY) | 8.99% | 14.04% | 50.43% | 101.00% | 137.88% | 76.03% | 51.07% | 30.09% | - | - | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow Margin | 11.51% | 11.72% | 11.07% | 9.79% | 11.11% | 10.80% | 7.81% | 5.18% | 5.00% | 6.80% | 5.82% | 4.62% | -2.73% | -13.88% | -22.40% | -54.32% | -64.13% | -121.68% | -239.12% | -404.40% |
Free Cash Flow Per Share | 2.29 | 2.22 | 2.10 | 1.86 | 2.08 | 1.97 | 1.41 | 0.93 | 0.90 | 1.26 | 1.04 | 0.79 | -0.43 | -1.96 | -2.77 | -5.60 | -5.37 | -6.27 | -7.39 | -6.87 |
Levered Free Cash Flow | 1,808 | 1,899 | 2,174 | 1,549 | 1,879 | 1,995 | 951.5 | 591.5 | -561.25 | -1,017 | -504.38 | 1,158 | -599.88 | -640.5 | -1,346 | -6,017 | -3,613 | -3,785 | -5,011 | -4,111 |
Unlevered Free Cash Flow | 2,434 | 2,544 | 2,850 | 2,276 | 2,655 | 2,836 | 1,855 | 1,547 | 433 | 25.38 | 591.38 | 2,288 | 514.13 | 411.13 | -402 | -5,183 | -2,842 | -3,021 | -4,205 | -3,283 |
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 | 1,200 | 1,200 | 1,200 | 1,600 | 1,600 | 1,600 | 1,600 | 2,000 | 2,000 | 2,000 | 2,000 | 1,400 | 1,400 | 1,400 | 1,400 | 1,300 | 1,300 | 1,300 | 1,300 |
Change in Working Capital | 82 | 132 | -5 | -145 | -464 | -380 | -296 | 960 | 1,394 | 2,706 | 2,370 | 1,525 | 1,494 | 1,204 | 1,560 | 1,163 | 1,749 | 2,429 | 1,221 | 958 |