CARNIVAL CORP
For the period ended Nov 30, 2025. Filed Jan 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jan 27, 2026
CCL$30.74-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended November 30, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| OPERATING ACTIVITIES | |||
| Net income (loss) | $2,760 | $1,916 | $(74) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | |||
| Depreciation and amortization | 2,790 | 2,557 | 2,370 |
| Loss on debt extinguishment | 401 | 76 | 98 |
| Share-based compensation | 98 | 62 | 53 |
| Amortization of discounts and debt issue costs | 116 | 141 | 161 |
| Non-cash lease expense | 161 | 142 | 145 |
| Gain on sales of ships | (112) | (41) | (88) |
| Greenhouse gas regulatory expense | 91 | 46 | — |
| Other | 58 | 63 | 90 |
| 6,363 | 4,963 | 2,756 | |
| Changes in operating assets and liabilities | |||
| Receivables | (84) | (49) | (180) |
| Inventories | 2 | 9 | (85) |
| Prepaid expenses and other assets | (214) | 352 | 397 |
| Accounts payable | 61 | (26) | 77 |
| Accrued liabilities and other | (218) | 167 | 147 |
| Customer deposits | 308 | 507 | 1,169 |
| Net cash provided by operating activities | 6,218 | 5,923 | 4,281 |
| INVESTING ACTIVITIES | |||
| Purchases of property and equipment | (3,611) | (4,626) | (3,284) |
| Proceeds from sales of ships and other property and equipment | 323 | 58 | 340 |
| Advances to affiliates | (100) | (64) | (21) |
| Other | 67 | 98 | 155 |
| Net cash used in investing activities | (3,321) | (4,535) | (2,810) |
| FINANCING ACTIVITIES | |||
| Repayments of short-term borrowings | — | — | (200) |
| Principal repayments of long-term debt | (12,936) | (5,436) | (7,660) |
| Debt issuance costs | (144) | (203) | (131) |
| Debt extinguishment costs | (272) | (41) | (79) |
| Proceeds from issuance of long-term debt | 11,152 | 3,095 | 2,961 |
| Other | 12 | 1 | 20 |
| Net cash provided by (used in) financing activities | (2,189) | (2,584) | (5,089) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 19 | (8) | 17 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 727 | (1,204) | (3,601) |
| Cash, cash equivalents and restricted cash at beginning of year | 1,231 | 2,436 | 6,037 |
| Cash, cash equivalents and restricted cash at end of year | $1,958 | $1,231 | $2,436 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.