Carnival Corporation & plc(NYSE:CCL) 
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also ...
Website: http://www.carnivalcorp.com
Founded: 1972
Full Time Employees: 87,000 (Dec 2022)
CEO: Arnold W. Donald
Sector: Consumer Cyclical
Industry: Travel Services
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At a glance:
- Demand Remains Strong Across Key Itineraries: Carnival continues to benefit from resilient leisure travel demand, with solid booking trends and healthy onboard spending helping support revenue growth.
- Pricing and Onboard Revenue Support Top-Line Momentum: Higher ticket pricing and improved per-passenger onboard revenue (e.g., excursions, beverage packages, casinos) are key contributors to overall revenue performance.
- Margin Recovery Driven by Operational Efficiencies: As occupancy normalizes, scale benefits and cost initiatives support improving operating margins, though results remain sensitive to fuel and other input costs.
- Leverage and Interest Expense Remain a Central Focus: Debt taken on during the downturn continues to pressure earnings through elevated interest costs, making deleveraging and refinancing opportunities important catalysts.
- Fuel and Macro Sensitivity Are Key Risks: Earnings can be materially impacted by fuel price volatility, foreign exchange movements, and shifts in consumer discretionary spending tied to broader economic conditions.
Bull Thesis:
- Robust Booking Trends and Pricing Power: Carnival has consistently reported strong booking volumes and improving pricing for future cruises, indicating resilient consumer demand and the ability to command higher fares post-pandemic, driving revenue growth.
- Significant Deleveraging Potential: With improving cash flow and profitability, Carnival is well-positioned to begin aggressively paying down its substantial pandemic-era debt. This deleveraging would reduce interest expenses, improve financial flexibility, and enhance shareholder value.
- Operational Efficiency and Cost Management: The company has implemented various initiatives to enhance operational efficiency, including fleet optimization, route adjustments, and supply chain improvements. These efforts are leading to better cost control and margin expansion as demand recovers.
- Sustained Pent-up Demand for Cruising: The cruise industry continues to benefit from strong pent-up demand for travel experiences, with many consumers prioritizing vacations after years of restrictions. This trend is driving high occupancy rates and strong demand across Carnival's fleet.
Bear Thesis:
- Elevated Debt Load and High Interest Expenses: Carnival still carries a significant amount of debt accumulated during the pandemic, leading to substantial interest payments that weigh heavily on profitability and limit capital allocation flexibility for growth or shareholder returns.
- Macroeconomic Headwinds and Discretionary Spending Risk: A potential economic slowdown, persistent inflation, or reduced consumer confidence could impact discretionary spending on cruises. This could lead to softer demand, pricing pressure, or increased cancellations for Carnival.
- Volatility in Fuel Prices: As a major operating expense, fluctuations in global fuel prices directly impact Carnival's profitability. Unforeseen spikes in oil prices could significantly erode margins despite hedging efforts, posing a continuous risk.
- Increasing Regulatory and Environmental Compliance Costs: The cruise industry faces growing pressure and stricter regulations regarding environmental impact and sustainability. This could lead to higher capital expenditures for fleet upgrades and increased operating costs for Carnival to comply with evolving standards.
Main Competitors:
- Royal Caribbean Group ($RCL) (Royal Caribbean International, Celebrity Cruises, Silversea), As the second-largest cruise company globally, Royal Caribbean Group directly competes with Carnival across all major cruise segments. They vie for the same leisure travel budget and customer base, offering similar itineraries, ship sizes, amenities, and target demographics, often launching new ships and experiences in direct response to each other.
- Norwegian Cruise Line Holdings Ltd. ($NCLH) (Norwegian Cruise Line, Oceania Cruises, Regent Seven Seas Cruises), Norwegian Cruise Line Holdings is the third-largest global cruise operator. They compete with Carnival by offering a diverse portfolio of brands catering to different market segments, from contemporary (Norwegian) to premium and luxury (Oceania, Regent), competing on itineraries, onboard experiences, pricing, and customer loyalty programs.
- MSC Cruises (MSC Cruises), MSC Cruises is a rapidly growing global cruise line, particularly strong in Europe but expanding significantly in North America and other markets. They compete with Carnival by offering modern ships, diverse itineraries, and a strong focus on family-friendly experiences and value, often targeting similar demographics and price points.
- The Walt Disney Company ($DIS) (Disney Cruise Line, Disney Parks & Resorts), While Disney Cruise Line is a direct competitor in the family cruise segment, the broader Disney Parks, Experiences and Products division competes for the same family leisure budget. Disney offers integrated vacation experiences (theme parks, resorts, cruises) that serve as premium alternatives to a Carnival cruise, especially for families seeking themed entertainment and service.
Moat:
Carnival Corporation & plc operates in a highly competitive leisure travel market. Its primary moat stems from its immense scale, diverse brand portfolio (catering to various demographics and price points), global distribution network, and significant capital barriers to entry for new players. Competition is intense, primarily from other major cruise lines (Royal Caribbean, NCLH, MSC) for market share, pricing, and new ship innovation. Beyond direct cruise competitors, Carnival also competes with land-based vacation options like resorts, theme parks, and all-inclusive packages for discretionary consumer spending. The industry is also highly susceptible to external shocks (economic downturns, health crises, geopolitical events) and faces increasing pressure from environmental regulations.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 | 2009-08-31 | 2009-05-31 | 2009-02-28 | 2008-11-30 | 2008-08-31 | 2008-05-31 | 2008-02-29 | 2007-08-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
passenger ticket | 4,273,000,000 | 4,023,000,000 | 4,053,000,000 | 5,430,000,000 | 4,104,000,000 | 3,832,000,000 | 3,854,000,000 | 5,239,000,000 | 3,754,000,000 | 3,617,000,000 | 3,510,000,000 | 4,546,000,000 | 3,141,000,000 | 2,870,000,000 | 2,269,000,000 | 2,595,000,000 | 1,285,000,000 | 873,000,000 | 303,000,000 | 20,000,000 | 3,000,000 | 4,000,000 | 446,000,000 | 3,234,000,000 | 4,477,000,000 | 3,257,000,000 | 3,199,000,000 | 3,236,000,000 | 4,353,000,000 | 3,193,000,000 | 3,148,000,000 | 3,130,000,000 | 4,138,000,000 | |||||||||||||||||||||||||||||||||||||
onboard and other | 2,390,000,000 | 2,142,000,000 | 2,277,000,000 | 2,723,000,000 | 2,224,000,000 | 1,978,000,000 | 2,084,000,000 | 2,657,000,000 | 2,027,000,000 | 1,790,000,000 | 1,886,000,000 | 2,308,000,000 | 1,770,000,000 | 1,563,000,000 | 1,570,000,000 | 1,711,000,000 | 1,116,000,000 | 750,000,000 | 243,000,000 | 29,000,000 | 23,000,000 | 29,000,000 | 31,000,000 | 294,000,000 | 1,556,000,000 | 1,855,000,000 | 1,510,000,000 | 1,446,000,000 | 1,170,000,000 | 1,316,000,000 | 1,122,000,000 | 1,071,000,000 | 1,093,000,000 | 1,223,000,000 | 1,036,000,000 | 978,000,000 | 1,146,000,000 | 978,000,000 | 923,000,000 | 969,000,000 | 1,102,000,000 | 927,000,000 | 889,000,000 | 1,084,000,000 | 905,000,000 | 850,000,000 | 928,000,000 | 987,000,000 | 839,000,000 | 844,000,000 | 965,000,000 | 844,000,000 | 809,000,000 | 846,000,000 | 936,000,000 | 817,000,000 | 757,000,000 | 791,000,000 | 847,000,000 | 737,000,000 | 729,000,000 | 753,000,000 | 825,000,000 | 673,000,000 | 634,000,000 | 735,000,000 | 864,000,000 | 743,000,000 | 702,000,000 | |
total revenues | 6,663,000,000 | 6,165,000,000 | 6,330,000,000 | 8,153,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 8.08% | -2.61% | -22.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cruise and tour operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commissions, transportation and other | 778,000,000 | 872,000,000 | 728,000,000 | 973,000,000 | 780,000,000 | 850,000,000 | 722,000,000 | 958,000,000 | 732,000,000 | 819,000,000 | 664,000,000 | 823,000,000 | 619,000,000 | 655,000,000 | 489,000,000 | 565,000,000 | 325,000,000 | 251,000,000 | 79,000,000 | 22,000,000 | 15,000,000 | 41,000,000 | 34,000,000 | 297,000,000 | 766,000,000 | 803,000,000 | 613,000,000 | 709,000,000 | 590,000,000 | 760,000,000 | 577,000,000 | 663,000,000 | 578,000,000 | 699,000,000 | 513,000,000 | 569,000,000 | 646,000,000 | 495,000,000 | 582,000,000 | 490,000,000 | 603,000,000 | 481,000,000 | 586,000,000 | 638,000,000 | 520,000,000 | 620,000,000 | 526,000,000 | 654,000,000 | 506,000,000 | 617,000,000 | 613,000,000 | 519,000,000 | 661,000,000 | 550,000,000 | 686,000,000 | 562,000,000 | 664,000,000 | 817,000,000 | 517,000,000 | 440,000,000 | 498,000,000 | 448,000,000 | 515,000,000 | 440,000,000 | 514,000,000 | 489,000,000 | 660,000,000 | 525,000,000 | 558,000,000 | |
payroll and related | 699,000,000 | 684,000,000 | 674,000,000 | 636,000,000 | 640,000,000 | 640,000,000 | 652,000,000 | 575,000,000 | 614,000,000 | 623,000,000 | 605,000,000 | 585,000,000 | 601,000,000 | 582,000,000 | 580,000,000 | 563,000,000 | 533,000,000 | 506,000,000 | 375,000,000 | 241,000,000 | 218,000,000 | 217,000,000 | 248,000,000 | 705,000,000 | 610,000,000 | 548,000,000 | 566,000,000 | 557,000,000 | 552,000,000 | 537,000,000 | 543,000,000 | 558,000,000 | 555,000,000 | 520,000,000 | 513,000,000 | 519,000,000 | 494,000,000 | 502,000,000 | 492,000,000 | 471,000,000 | 453,000,000 | 469,000,000 | 467,000,000 | 485,000,000 | 485,000,000 | 481,000,000 | 481,000,000 | 464,000,000 | 454,000,000 | 460,000,000 | 422,000,000 | 435,000,000 | 442,000,000 | 441,000,000 | 435,000,000 | 435,000,000 | 411,000,000 | 411,000,000 | 426,000,000 | 383,000,000 | 391,000,000 | 393,000,000 | 387,000,000 | 366,000,000 | 352,000,000 | 364,000,000 | 381,000,000 | 365,000,000 | 360,000,000 | |
fuel | 595,000,000 | 397,000,000 | 424,000,000 | 451,000,000 | 468,000,000 | 465,000,000 | 461,000,000 | 515,000,000 | 525,000,000 | 505,000,000 | 555,000,000 | 468,000,000 | 489,000,000 | 535,000,000 | 580,000,000 | 668,000,000 | 545,000,000 | 365,000,000 | 182,000,000 | 113,000,000 | 103,000,000 | 105,000,000 | 121,000,000 | 201,000,000 | 396,000,000 | 401,000,000 | 423,000,000 | 381,000,000 | 453,000,000 | 434,000,000 | 373,000,000 | 359,000,000 | 330,000,000 | 307,000,000 | 310,000,000 | 297,000,000 | 265,000,000 | 196,000,000 | 187,000,000 | 253,000,000 | 345,000,000 | 333,000,000 | 318,000,000 | 518,000,000 | 527,000,000 | 523,000,000 | 549,000,000 | 544,000,000 | 555,000,000 | 559,000,000 | 541,000,000 | 645,000,000 | 592,000,000 | 582,000,000 | 581,000,000 | 579,000,000 | 450,000,000 | 413,000,000 | 396,000,000 | 416,000,000 | 397,000,000 | 378,000,000 | 327,000,000 | 243,000,000 | 208,000,000 | 428,000,000 | 529,000,000 | 425,000,000 | 392,000,000 | |
food | 389,000,000 | 382,000,000 | 375,000,000 | 398,000,000 | 372,000,000 | 354,000,000 | 358,000,000 | 393,000,000 | 360,000,000 | 346,000,000 | 335,000,000 | 364,000,000 | 325,000,000 | 311,000,000 | 277,000,000 | 259,000,000 | 191,000,000 | 136,000,000 | 52,000,000 | 17,000,000 | 11,000,000 | 9,000,000 | 19,000,000 | 108,000,000 | 277,000,000 | 284,000,000 | 269,000,000 | 268,000,000 | 262,000,000 | 275,000,000 | 265,000,000 | 264,000,000 | 257,000,000 | 270,000,000 | 253,000,000 | 251,000,000 | 260,000,000 | 248,000,000 | 247,000,000 | 244,000,000 | 255,000,000 | 242,000,000 | 239,000,000 | 265,000,000 | 251,000,000 | 245,000,000 | 243,000,000 | 259,000,000 | 238,000,000 | 243,000,000 | 246,000,000 | 236,000,000 | 240,000,000 | 237,000,000 | 257,000,000 | 241,000,000 | 231,000,000 | 222,000,000 | 223,000,000 | 212,000,000 | 212,000,000 | 215,000,000 | 223,000,000 | 203,000,000 | 198,000,000 | 208,000,000 | 231,000,000 | 210,000,000 | 207,000,000 | |
other operating | 1,067,000,000 | 986,000,000 | 1,046,000,000 | 1,044,000,000 | 955,000,000 | 858,000,000 | 1,005,000,000 | 995,000,000 | 938,000,000 | 862,000,000 | 880,000,000 | 928,000,000 | 875,000,000 | 743,000,000 | 840,000,000 | 787,000,000 | 774,000,000 | 557,000,000 | 381,000,000 | 224,000,000 | 181,000,000 | 169,000,000 | 208,000,000 | 471,000,000 | 1,001,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
total cruise and tour operating expenses | 4,225,000,000 | 3,939,000,000 | 3,910,000,000 | 4,385,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling and administrative expense | 863,000,000 | 924,000,000 | 960,000,000 | 779,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 723,000,000 | 696,000,000 | 726,000,000 | 717,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 851,000,000 | 607,000,000 | 735,000,000 | 2,271,000,000 | 934,000,000 | 543,000,000 | 561,000,000 | 2,178,000,000 | 560,000,000 | 276,000,000 | 384,000,000 | 1,624,000,000 | 120,000,000 | -172,000,000 | -1,135,000,000 | -279,000,000 | -1,473,000,000 | -1,491,000,000 | -2,057,000,000 | -1,616,000,000 | -1,524,000,000 | -1,642,000,000 | -2,333,000,000 | -4,177,000,000 | -713,000,000 | 1,890,000,000 | 515,000,000 | 386,000,000 | 553,000,000 | 1,794,000,000 | 559,000,000 | 419,000,000 | 548,000,000 | 1,393,000,000 | 500,000,000 | 368,000,000 | 1,562,000,000 | 478,000,000 | 434,000,000 | 510,000,000 | 1,510,000,000 | 289,000,000 | 266,000,000 | 1,298,000,000 | 155,000,000 | 72,000,000 | 103,000,000 | 951,000,000 | 152,000,000 | 145,000,000 | 1,295,000,000 | 253,000,000 | -82,000,000 | 308,000,000 | 1,433,000,000 | 279,000,000 | 235,000,000 | 341,000,000 | 1,402,000,000 | 349,000,000 | 255,000,000 | 294,000,000 | 1,196,000,000 | 353,000,000 | 311,000,000 | 450,000,000 | 1,485,000,000 | 482,000,000 | 312,000,000 | |
yoy | -8.89% | 11.79% | 31.02% | 4.27% | 66.79% | 96.74% | 46.09% | 34.11% | 366.67% | -260.47% | -133.83% | -682.08% | -108.15% | -88.46% | -44.82% | -82.74% | -3.35% | -9.20% | -11.83% | -61.31% | 113.74% | -186.88% | -553.01% | -1182.12% | -228.93% | 5.35% | -7.87% | -7.88% | 0.91% | 28.79% | 11.80% | 13.86% | -64.92% | 191.42% | 15.21% | -27.84% | 3.44% | 65.40% | 63.16% | -60.71% | 874.19% | 301.39% | 158.25% | 36.49% | 1.97% | -50.34% | -92.05% | 275.89% | -285.37% | -52.92% | -9.63% | -9.32% | -134.89% | -9.68% | 2.21% | -20.06% | -7.84% | 15.99% | 17.22% | -1.13% | -18.01% | -34.67% | -19.46% | -26.76% | -0.32% | |||||
qoq | 40.20% | -17.41% | -67.64% | 143.15% | 72.01% | -3.21% | -74.24% | 288.93% | 102.90% | -28.13% | -76.35% | 1253.33% | -169.77% | -84.85% | 306.81% | -81.06% | -1.21% | -27.52% | 27.29% | 6.04% | -7.19% | -29.62% | -44.15% | 485.83% | -137.72% | 266.99% | 33.42% | -30.20% | -69.18% | 220.93% | 33.41% | -23.54% | -60.66% | 178.60% | 35.87% | -76.44% | 226.78% | 10.14% | -14.90% | -66.23% | 422.49% | 8.65% | -79.51% | 737.42% | 115.28% | -30.10% | -89.17% | 525.66% | 4.83% | -88.80% | 411.86% | -408.54% | -126.62% | -78.51% | 413.62% | 18.72% | -31.09% | -75.68% | 301.72% | 36.86% | -13.27% | -75.42% | 238.81% | 13.50% | -30.89% | -69.70% | 208.09% | 54.49% | ||
operating margin % | 12.77% | 9.85% | 11.61% | 27.85% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% |
interest income | 12,000,000 | 12,000,000 | 17,000,000 | 15,000,000 | 12,000,000 | 7,000,000 | 16,000,000 | 19,000,000 | 25,000,000 | 33,000,000 | 50,000,000 | 59,000,000 | 69,000,000 | 56,000,000 | 40,000,000 | 24,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 6,000,000 | 5,000,000 | 8,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 2,000,000 | 4,000,000 | 5,000,000 | 8,000,000 | 12,000,000 | 10,000,000 | |
interest expense, net of capitalized interest | -285,000,000 | -291,000,000 | -315,000,000 | -317,000,000 | -341,000,000 | -377,000,000 | -403,000,000 | -431,000,000 | -450,000,000 | -471,000,000 | -466,000,000 | -518,000,000 | -542,000,000 | -539,000,000 | -448,000,000 | -422,000,000 | -370,000,000 | -368,000,000 | -418,000,000 | -437,000,000 | -398,000,000 | -348,000,000 | -310,000,000 | -182,000,000 | -55,000,000 | -52,000,000 | -54,000,000 | -51,000,000 | -47,000,000 | -49,000,000 | -49,000,000 | -48,000,000 | -48,000,000 | -49,000,000 | -50,000,000 | -51,000,000 | -61,000,000 | -57,000,000 | -52,000,000 | -50,000,000 | -53,000,000 | -57,000,000 | -57,000,000 | -69,000,000 | -72,000,000 | -72,000,000 | -82,000,000 | -76,000,000 | -78,000,000 | -83,000,000 | -84,000,000 | -87,000,000 | -88,000,000 | -92,000,000 | -96,000,000 | -91,000,000 | -86,000,000 | -93,000,000 | -90,000,000 | -99,000,000 | -96,000,000 | -99,000,000 | -95,000,000 | -90,000,000 | -96,000,000 | -106,000,000 | -108,000,000 | -102,000,000 | -98,000,000 | |
debt extinguishment and modification costs | -43,000,000 | -111,000,000 | -4,000,000 | -252,000,000 | -1,000,000 | -13,000,000 | -33,000,000 | -33,000,000 | 1,000,000 | -81,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -23,000,000 | -47,000,000 | 10,000,000 | -2,000,000 | -20,000,000 | 8,000,000 | 118,000,000 | -10,000,000 | -7,000,000 | -18,000,000 | -8,000,000 | -19,000,000 | -17,000,000 | -30,000,000 | -57,000,000 | -81,000,000 | 6,000,000 | -32,000,000 | -11,000,000 | -11,000,000 | -61,000,000 | -251,000,000 | -221,000,000 | -32,000,000 | -7,000,000 | -19,000,000 | -7,000,000 | -2,000,000 | 1,000,000 | -9,000,000 | 10,000,000 | 1,000,000 | 4,000,000 | 14,000,000 | -15,000,000 | 8,000,000 | -2,000,000 | 13,000,000 | -5,000,000 | 7,000,000 | -12,000,000 | 5,000,000 | 10,000,000 | 1,000,000 | 11,000,000 | 3,000,000 | -1,000,000 | -10,000,000 | 5,000,000 | -11,000,000 | 2,000,000 | 13,000,000 | 6,000,000 | 5,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | 2,000,000 | -8,000,000 | 5,000,000 | 19,000,000 | 21,000,000 | 4,000,000 | 2,000,000 | ||||||
income before income taxes | 555,000,000 | 280,000,000 | 404,000,000 | 1,857,000,000 | 582,000,000 | -71,000,000 | 289,000,000 | 1,743,000,000 | 96,000,000 | -214,000,000 | -39,000,000 | 1,065,000,000 | -402,000,000 | -686,000,000 | -1,602,000,000 | -759,000,000 | -1,831,000,000 | -1,888,000,000 | -2,859,000,000 | -2,060,000,000 | -1,979,000,000 | -2,237,000,000 | -2,861,000,000 | -4,385,000,000 | -770,000,000 | 1,827,000,000 | 459,000,000 | 338,000,000 | 508,000,000 | 1,744,000,000 | 564,000,000 | 390,000,000 | 560,000,000 | 1,368,000,000 | 384,000,000 | 354,000,000 | 1,465,000,000 | 607,000,000 | 143,000,000 | 271,000,000 | 1,250,000,000 | 226,000,000 | 52,000,000 | 1,247,000,000 | 107,000,000 | -14,000,000 | 57,000,000 | 935,000,000 | 41,000,000 | 39,000,000 | 1,336,000,000 | 14,000,000 | -141,000,000 | 209,000,000 | 1,342,000,000 | 204,000,000 | 157,000,000 | 255,000,000 | 1,313,000,000 | 251,000,000 | 160,000,000 | 201,000,000 | 1,097,000,000 | 270,000,000 | 238,000,000 | 370,000,000 | 1,385,000,000 | 396,000,000 | 226,000,000 | |
income tax expense | -17,000,000 | -17,000,000 | -7,500,000 | -6,000,000 | -17,000,000 | -11,000,000 | -47,000,000 | -8,000,000 | -2,000,000 | -14,000,000 | -37,000,000 | -3,000,000 | -14,000,000 | -39,000,000 | -5,000,000 | -2,000,000 | -41,000,000 | -2,000,000 | -1,000,000 | -10,250,000 | -34,000,000 | -4,000,000 | -3,000,000 | -1,000,000 | -1,000,000 | -750,000 | -1,000,000 | -6,000,000 | -8,000,000 | -24,000,000 | 1,000,000 | -52,000,000 | ||||||||||||||||||||||||||||||||||||||
net income | 539,000,000 | 263,000,000 | 422,000,000 | 1,852,000,000 | 565,000,000 | -78,000,000 | 303,000,000 | 1,735,000,000 | 92,000,000 | -214,000,000 | -48,000,000 | 1,074,000,000 | -407,000,000 | -693,000,000 | -1,598,000,000 | -770,000,000 | -1,834,000,000 | -1,891,000,000 | -2,836,000,000 | -2,072,000,000 | -1,973,000,000 | -2,222,000,000 | -2,858,000,000 | -4,374,000,000 | -781,000,000 | 1,780,000,000 | 451,000,000 | 336,000,000 | 493,000,000 | 1,707,000,000 | 561,000,000 | 391,000,000 | 546,000,000 | 1,329,000,000 | 379,000,000 | 352,000,000 | 1,424,000,000 | 605,000,000 | 142,000,000 | 270,000,000 | 1,216,000,000 | 222,000,000 | 49,000,000 | 1,247,000,000 | 106,000,000 | -15,000,000 | 66,000,000 | 934,000,000 | 41,000,000 | 37,000,000 | 1,330,000,000 | 14,000,000 | -139,000,000 | 217,000,000 | 1,337,000,000 | 206,000,000 | 152,000,000 | 248,000,000 | 1,303,000,000 | 252,000,000 | 175,000,000 | 193,000,000 | 1,073,000,000 | 264,000,000 | 260,000,000 | 371,000,000 | 1,333,000,000 | 390,000,000 | 236,000,000 | |
yoy | -4.60% | -437.18% | 39.27% | 6.74% | 514.13% | -63.55% | -731.25% | 61.55% | -122.60% | -69.12% | -97.00% | -239.48% | -77.81% | -63.35% | -43.65% | -62.84% | -7.05% | -14.90% | -0.77% | -52.63% | 152.62% | -224.83% | -733.70% | -1401.79% | -258.42% | 4.28% | -19.61% | -14.07% | -9.71% | 28.44% | 48.02% | 11.08% | -61.66% | 119.67% | 166.90% | 30.37% | 17.11% | 172.52% | 189.80% | -78.35% | 1047.17% | -1580.00% | -25.76% | 33.51% | 158.54% | -140.54% | -95.04% | 6571.43% | -129.50% | -82.95% | -0.52% | -93.20% | -191.45% | -12.50% | 2.61% | -18.25% | -13.14% | 28.50% | 21.44% | -4.55% | -32.69% | -47.98% | -19.50% | -32.31% | 10.17% | |||||
qoq | 104.94% | -37.68% | -77.21% | 227.79% | -824.36% | -125.74% | -82.54% | 1785.87% | -142.99% | 345.83% | -104.47% | -363.88% | -41.27% | -56.63% | 107.53% | -58.02% | -3.01% | -33.32% | 36.87% | 5.02% | -11.21% | -22.25% | -34.66% | 460.05% | -143.88% | 294.68% | 34.23% | -31.85% | -71.12% | 204.28% | 43.48% | -28.39% | -58.92% | 250.66% | 7.67% | -75.28% | 135.37% | 326.06% | -47.41% | -77.80% | 447.75% | 353.06% | -96.07% | 1076.42% | -806.67% | -122.73% | -92.93% | 2178.05% | 10.81% | -97.22% | 9400.00% | -110.07% | -164.06% | -83.77% | 549.03% | 35.53% | -38.71% | -80.97% | 417.06% | 44.00% | -9.33% | -82.01% | 306.44% | 1.54% | -29.92% | -72.17% | 241.79% | 65.25% | ||
net income margin % | 8.09% | 4.27% | 6.67% | 22.72% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% |
less: net income attributable to noncontrolling interests | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to carnival corporation ltd. | 537,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.39 | 0.19 | 0.32 | 1.41 | 0.43 | -0.06 | 0.23 | 1.37 | 0.07 | -0.17 | -0.04 | 0.85 | -0.32 | -0.55 | -1.27 | -0.65 | -1.61 | -1.66 | -2.5 | -1.83 | -1.8 | -2.17 | -3.69 | -6.07 | -1.14 | 2.58 | 0.65 | 0.48 | 0.72 | 2.42 | 0.79 | 0.54 | 0.76 | 1.84 | 0.52 | 0.48 | 1.93 | 0.81 | 0.18 | 0.35 | 1.56 | 0.29 | 0.06 | 1.61 | 0.14 | -0.02 | 0.08 | 1.2 | 0.05 | 0.05 | 1.71 | 0.02 | -0.18 | 0.29 | 1.69 | 0.26 | 0.19 | 0.31 | 1.65 | 0.32 | 0.22 | 0.24 | 1.36 | 0.34 | 0.33 | 0.47 | 1.7 | 0.5 | 0.3 | |
diluted | 0.39 | 0.19 | 0.31 | 1.33 | 0.42 | -0.06 | 0.23 | 1.26 | 0.07 | -0.17 | -0.04 | 0.79 | -0.32 | -0.55 | -1.27 | -0.65 | -1.61 | -1.66 | -2.5 | -1.83 | -1.8 | -2.17 | -3.69 | -6.07 | -1.14 | 2.58 | 0.65 | 0.48 | 0.72 | 2.41 | 0.78 | 0.54 | 0.75 | 1.83 | 0.52 | 0.48 | 1.93 | 0.8 | 0.18 | 0.35 | 1.56 | 0.29 | 0.06 | 1.6 | 0.14 | -0.02 | 0.09 | 1.2 | 0.05 | 0.05 | 1.71 | 0.02 | -0.18 | 0.28 | 1.69 | 0.26 | 0.19 | 0.31 | 1.62 | 0.32 | 0.22 | 0.24 | 1.33 | 0.33 | 0.33 | 0.47 | 1.65 | 0.49 | 0.3 | |
less: net income attributable to noncontrolling interest | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to carnival corporation & plc | 258,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues - sum | 6,328,000,000 | 5,810,000,000 | 5,938,000,000 | 7,896,000,000 | 5,781,000,000 | 4,049,250,000 | 6,854,000,000 | 4,911,000,000 | 2,401,000,000 | 1,623,000,000 | 546,000,000 | 26,000,000 | 1,390,250,000 | 31,000,000 | 740,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cruise and tour operating expenses | 3,886,000,000 | 3,766,000,000 | 3,833,000,000 | 4,303,000,000 | 3,798,000,000 | 3,705,000,000 | 3,629,000,000 | 3,921,000,000 | 3,457,000,000 | 3,311,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling and administrative | 816,000,000 | 848,000,000 | 886,000,000 | 763,000,000 | 789,000,000 | 813,000,000 | 788,000,000 | 713,000,000 | 736,000,000 | 712,000,000 | 741,000,000 | 625,000,000 | 619,000,000 | 530,000,000 | 425,000,000 | 417,000,000 | 462,000,000 | 443,000,000 | 265,000,000 | 492,000,000 | 678,000,000 | 563,000,000 | 621,000,000 | 629,000,000 | 656,000,000 | 573,000,000 | 605,000,000 | 616,000,000 | 616,000,000 | 547,000,000 | 553,000,000 | 549,000,000 | 529,000,000 | 532,000,000 | 551,000,000 | 563,000,000 | 484,000,000 | 491,000,000 | 529,000,000 | 481,000,000 | 504,000,000 | 521,000,000 | 532,000,000 | 439,000,000 | 449,000,000 | 460,000,000 | 409,000,000 | 431,000,000 | 421,000,000 | 435,000,000 | 421,000,000 | 440,000,000 | 422,000,000 | 433,000,000 | 381,000,000 | 404,000,000 | 396,000,000 | 424,000,000 | 381,000,000 | 393,000,000 | 392,000,000 | 407,000,000 | 372,000,000 | 425,000,000 | 425,000,000 | |||||
depreciation and amortization | 692,000,000 | 654,000,000 | 659,000,000 | 651,000,000 | 634,000,000 | 613,000,000 | 596,000,000 | 596,000,000 | 597,000,000 | 582,000,000 | 568,000,000 | 581,000,000 | 572,000,000 | 554,000,000 | 562,000,000 | 567,000,000 | 552,000,000 | 543,000,000 | 551,000,000 | 577,000,000 | 570,000,000 | 548,000,000 | 542,000,000 | 516,000,000 | 507,000,000 | 511,000,000 | 512,000,000 | 488,000,000 | 478,000,000 | 473,000,000 | 456,000,000 | 439,000,000 | 443,000,000 | 437,000,000 | 423,000,000 | 420,000,000 | 399,000,000 | 406,000,000 | 401,000,000 | 414,000,000 | 409,000,000 | 404,000,000 | 402,000,000 | 406,000,000 | 391,000,000 | 389,000,000 | 383,000,000 | 376,000,000 | 376,000,000 | 385,000,000 | 390,000,000 | 380,000,000 | 367,000,000 | 367,000,000 | 355,000,000 | 349,000,000 | 345,000,000 | 345,000,000 | 336,000,000 | 317,000,000 | 311,000,000 | 313,000,000 | 323,000,000 | 312,000,000 | 301,000,000 | |||||
nonoperating income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonoperating income - sum | -353,000,000 | -614,000,000 | -347,000,000 | -435,000,000 | -489,000,000 | -398,750,000 | -559,000,000 | -466,000,000 | -479,000,000 | -358,000,000 | -397,000,000 | -802,000,000 | -444,000,000 | -595,000,000 | -528,000,000 | -208,000,000 | -57,000,000 | -63,000,000 | -56,000,000 | -49,000,000 | 5,000,000 | -28,000,000 | 12,000,000 | -25,000,000 | -116,000,000 | -14,000,000 | -97,000,000 | 129,000,000 | -291,000,000 | -239,000,000 | -260,000,000 | -63,000,000 | -214,000,000 | -51,000,000 | -48,000,000 | -86,000,000 | -46,000,000 | -16,000,000 | -111,000,000 | -106,000,000 | 41,000,000 | -239,000,000 | -59,000,000 | -99,000,000 | -91,000,000 | -75,000,000 | -78,000,000 | -86,000,000 | -89,000,000 | -98,000,000 | -95,000,000 | -93,000,000 | -99,000,000 | -83,000,000 | -73,000,000 | -80,000,000 | -100,000,000 | -86,000,000 | -86,000,000 | |||||||||||
income tax benefit | -7,000,000 | 14,000,000 | -8,000,000 | -5,000,000 | -10,000,000 | 9,000,000 | -5,000,000 | -7,000,000 | 3,000,000 | -11,000,000 | -3,000,000 | -3,000,000 | 23,000,000 | -12,000,000 | 6,000,000 | 15,000,000 | 2,000,000 | 11,000,000 | -2,000,000 | 2,000,000 | -2,000,000 | -5,000,000 | 2,000,000 | -5,000,000 | 1,500,000 | -10,000,000 | 1,000,000 | 15,000,000 | -6,000,000 | 22,000,000 | -6,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||
ship and other impairments | 432,000,000 | 8,000,000 | 475,000,000 | 49,000,000 | 138,000,000 | 910,000,000 | 589,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on debt extinguishment | -31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses - sum | 3,665,000,000 | 3,379,000,000 | 1,616,000,000 | 681,000,000 | 535,000,000 | 689,000,000 | 1,549,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on debt extinguishment | -376,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | 524,000,000 | 1,364,000,000 | 731,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cruise | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tour and other | 200,000,000 | 71,000,000 | 29,000,000 | 50,000,000 | 167,000,000 | 42,000,000 | 13,000,000 | 36,000,000 | 154,000,000 | 37,000,000 | 9,000,000 | 148,000,000 | 31,000,000 | 10,000,000 | 32,000,000 | 150,000,000 | 35,000,000 | 10,000,000 | 144,000,000 | 30,000,000 | 8,000,000 | 33,000,000 | 141,000,000 | 27,000,000 | 9,000,000 | 158,000,000 | 19,000,000 | 9,000,000 | 29,000,000 | 215,000,000 | 25,000,000 | 10,000,000 | 40,000,000 | 202,000,000 | 31,000,000 | |||||||||||||||||||||||||||||||||||
other ship operating | 719,000,000 | 742,000,000 | 731,000,000 | 692,000,000 | 655,000,000 | 749,000,000 | 711,000,000 | 717,000,000 | 947,000,000 | 685,000,000 | 661,000,000 | 643,000,000 | 667,000,000 | 604,000,000 | 603,000,000 | 582,000,000 | 734,000,000 | 598,000,000 | 599,000,000 | 635,000,000 | 590,000,000 | 638,000,000 | 769,000,000 | 603,000,000 | 579,000,000 | 534,000,000 | 494,000,000 | 619,000,000 | 607,000,000 | 575,000,000 | 556,000,000 | 510,000,000 | 587,000,000 | 467,000,000 | 504,000,000 | 474,000,000 | 553,000,000 | 498,000,000 | 488,000,000 | 458,000,000 | 485,000,000 | 505,000,000 | 469,000,000 | 454,000,000 | ||||||||||||||||||||||||||
gains on fuel derivatives | -2,000,000 | 4,000,000 | 41,000,000 | 16,000,000 | 54,000,000 | 7,000,000 | -53,000,000 | 27,000,000 | 171,000,000 | -198,000,000 | -197,000,000 | -13,000,000 | 15,000,000 | 11,000,000 | 21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cruise - sum | 4,838,000,000 | 4,456,000,000 | 5,836,000,000 | 4,357,000,000 | 4,232,000,000 | 4,259,000,000 | 5,515,000,000 | 3,945,000,000 | 3,791,000,000 | 5,097,000,000 | 3,705,000,000 | 3,651,000,000 | 3,711,000,000 | 4,883,000,000 | 3,590,000,000 | 3,531,000,000 | 4,947,000,000 | 3,633,000,000 | 3,585,000,000 | 3,658,000,000 | 4,726,000,000 | 3,479,000,000 | 3,593,000,000 | 4,684,000,000 | 3,538,000,000 | 3,582,000,000 | 3,697,000,000 | 5,058,000,000 | 3,620,000,000 | 3,419,000,000 | 3,753,000,000 | 4,426,000,000 | 3,195,000,000 | 3,095,000,000 | 3,206,000,000 | 4,139,000,000 | 2,948,000,000 | 2,864,000,000 | 3,302,000,000 | 4,814,000,000 | 3,378,000,000 | 3,152,000,000 | ||||||||||||||||||||||||||||
goodwill and trademark impairment | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per share | 0.5 | 0.5 | 0.5 | 0.45 | 0.45 | 0.4 | 0.4 | 0.35 | 0.35 | 0.35 | 0.3 | 0.3 | 0.3 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.1 | 0.1 | 0.1 | 0.1 | |||||||||||||||||||||||||||||||||||||
passenger tickets | 2,872,000,000 | 2,804,000,000 | 3,803,000,000 | 2,696,000,000 | 2,718,000,000 | 2,710,000,000 | 3,631,000,000 | 2,628,000,000 | 2,632,000,000 | 3,719,000,000 | 2,698,000,000 | 2,727,000,000 | 2,697,000,000 | 3,598,000,000 | 2,613,000,000 | 2,740,000,000 | 3,561,000,000 | 2,675,000,000 | 2,764,000,000 | 2,822,000,000 | 3,907,000,000 | 2,778,000,000 | 2,652,000,000 | 2,922,000,000 | 3,377,000,000 | 2,427,000,000 | 2,358,000,000 | 2,419,000,000 | 3,105,000,000 | 2,242,000,000 | 2,219,000,000 | 2,526,000,000 | 3,658,000,000 | 2,588,000,000 | 2,438,000,000 | |||||||||||||||||||||||||||||||||||
losses on fuel derivatives | -36,000,000 | -236,000,000 | -169,000,000 | -16,000,000 | -145,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ibero trademark impairment charge | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ibero goodwill and trademark impairment charges | 13,000,000 | 173,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on fuel derivatives | 1,250,000 | 64,000,000 | -28,000,000 | 136,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized losses on fuel derivatives | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | -2,250,000 | -6,000,000 | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on fuel derivatives | -31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 2,569,000,000 | 2,814,000,000 | 2,521,000,000 | 2,395,000,000 | 2,612,000,000 | 2,288,000,000 | 2,093,000,000 | 2,099,000,000 | 2,143,000,000 | 2,226,000,000 | 1,885,000,000 | 1,850,000,000 | 2,132,000,000 | 2,634,000,000 | 2,159,000,000 | 2,114,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 8,000,000 | 34,000,000 | 209,000,000 | 33,000,000 | 11,000,000 | 41,000,000 | 292,000,000 | 47,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per share | 0.4 | 0.4 | 0.4 | 0.4 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-02-28 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 | 2009-08-31 | 2009-05-31 | 2009-02-28 | 2008-11-30 | 2008-08-31 | 2008-05-31 | 2008-02-29 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,424,000,000 | 1,763,000,000 | 2,146,000,000 | 833,000,000 | 1,210,000,000 | 1,522,000,000 | 1,646,000,000 | 2,242,000,000 | 2,415,000,000 | 2,842,000,000 | 4,468,000,000 | 5,455,000,000 | 4,029,000,000 | 7,071,000,000 | 7,054,000,000 | 6,414,000,000 | 7,151,000,000 | 7,067,000,000 | 9,674,000,000 | 9,513,000,000 | 8,176,000,000 | 6,881,000,000 | 1,354,000,000 | 1,153,000,000 | 1,202,000,000 | 649,000,000 | 982,000,000 | 526,000,000 | 1,053,000,000 | 453,000,000 | 395,000,000 | 489,000,000 | 597,000,000 | 437,000,000 | 462,000,000 | 519,000,000 | 778,000,000 | 1,395,000,000 | 539,000,000 | 298,000,000 | 280,000,000 | 436,000,000 | 343,000,000 | 421,000,000 | 462,000,000 | 981,000,000 | 711,000,000 | 476,000,000 | 568,000,000 | 900,000,000 | 471,000,000 | 450,000,000 | 430,000,000 | 557,000,000 | 465,000,000 | 429,000,000 | 527,000,000 | 594,000,000 | 753,000,000 | 538,000,000 | 976,000,000 | 485,000,000 | 607,000,000 | 650,000,000 | 792,000,000 | 988,000,000 | 966,000,000 |
trade and other receivables | 663,000,000 | 651,000,000 | 569,000,000 | 543,000,000 | 590,000,000 | 632,000,000 | 494,000,000 | 644,000,000 | 556,000,000 | 485,000,000 | 449,000,000 | 514,000,000 | 395,000,000 | 360,000,000 | 359,000,000 | 267,000,000 | 281,000,000 | 218,000,000 | 250,000,000 | 273,000,000 | 376,000,000 | 604,000,000 | 405,000,000 | 441,000,000 | 405,000,000 | 406,000,000 | 358,000,000 | 366,000,000 | 342,000,000 | 345,000,000 | 312,000,000 | 324,000,000 | 319,000,000 | 307,000,000 | 321,000,000 | 334,000,000 | 311,000,000 | 303,000,000 | 328,000,000 | 380,000,000 | 329,000,000 | 355,000,000 | 288,000,000 | 258,000,000 | 405,000,000 | 444,000,000 | 408,000,000 | 400,000,000 | 306,000,000 | 286,000,000 | 286,000,000 | 263,000,000 | 353,000,000 | 360,000,000 | 308,000,000 | 248,000,000 | 388,000,000 | 455,000,000 | 392,000,000 | 362,000,000 | 476,000,000 | 424,000,000 | 402,000,000 | 418,000,000 | 642,000,000 | 542,000,000 | 434,000,000 |
inventories | 510,000,000 | 475,000,000 | 476,000,000 | 518,000,000 | 507,000,000 | 492,000,000 | 509,000,000 | 531,000,000 | 528,000,000 | 483,000,000 | 438,000,000 | 448,000,000 | 428,000,000 | 420,000,000 | 425,000,000 | 392,000,000 | 322,000,000 | 308,000,000 | 312,000,000 | 335,000,000 | 349,000,000 | 362,000,000 | 440,000,000 | 482,000,000 | 501,000,000 | 444,000,000 | 450,000,000 | 405,000,000 | 402,000,000 | 394,000,000 | 387,000,000 | 357,000,000 | 351,000,000 | 361,000,000 | 314,000,000 | 315,000,000 | 333,000,000 | 330,000,000 | 305,000,000 | 327,000,000 | 332,000,000 | 358,000,000 | 383,000,000 | 381,000,000 | 374,000,000 | 388,000,000 | 381,000,000 | 383,000,000 | 364,000,000 | 377,000,000 | 381,000,000 | 374,000,000 | 366,000,000 | 365,000,000 | 343,000,000 | 320,000,000 | 291,000,000 | 297,000,000 | 321,000,000 | 320,000,000 | 309,000,000 | 308,000,000 | 305,000,000 | 315,000,000 | 365,000,000 | 349,000,000 | 331,000,000 |
prepaid expenses and other | 1,120,000,000 | 979,000,000 | 1,158,000,000 | 1,083,000,000 | 1,070,000,000 | 980,000,000 | 1,118,000,000 | 1,067,000,000 | 1,757,000,000 | 855,000,000 | 833,000,000 | 710,000,000 | 652,000,000 | 581,000,000 | 566,000,000 | 470,000,000 | 508,000,000 | 400,000,000 | 382,000,000 | 443,000,000 | 367,000,000 | 374,000,000 | 687,000,000 | 635,000,000 | 727,000,000 | 603,000,000 | 436,000,000 | 458,000,000 | 481,000,000 | 475,000,000 | 502,000,000 | 491,000,000 | 507,000,000 | 492,000,000 | 355,000,000 | 324,000,000 | 326,000,000 | 314,000,000 | 321,000,000 | 298,000,000 | 322,000,000 | 330,000,000 | 312,000,000 | 316,000,000 | 315,000,000 | 371,000,000 | 187,000,000 | 196,000,000 | 221,000,000 | 203,000,000 | 184,000,000 | 225,000,000 | 248,000,000 | 217,000,000 | 249,000,000 | 247,000,000 | 239,000,000 | 240,000,000 | 279,000,000 | 298,000,000 | 337,000,000 | 317,000,000 | 245,000,000 | 267,000,000 | 245,000,000 | 292,000,000 | 280,000,000 |
total current assets | 3,716,000,000 | 3,868,000,000 | 4,349,000,000 | 2,977,000,000 | 3,378,000,000 | 3,626,000,000 | 3,768,000,000 | 4,484,000,000 | 5,266,000,000 | 4,683,000,000 | 6,206,000,000 | 7,144,000,000 | 7,492,000,000 | 8,432,000,000 | 8,554,000,000 | 8,057,000,000 | 8,909,000,000 | 10,198,000,000 | 12,459,000,000 | 10,563,000,000 | 9,268,000,000 | 8,222,000,000 | 2,885,000,000 | 2,712,000,000 | 2,835,000,000 | 2,101,000,000 | 2,225,000,000 | 1,755,000,000 | 2,278,000,000 | 1,667,000,000 | 1,596,000,000 | 1,661,000,000 | 1,774,000,000 | 1,597,000,000 | 1,554,000,000 | 1,600,000,000 | 1,860,000,000 | 2,451,000,000 | 1,617,000,000 | 1,479,000,000 | 1,426,000,000 | 1,602,000,000 | 1,625,000,000 | 1,645,000,000 | 1,937,000,000 | 2,634,000,000 | 2,324,000,000 | 1,792,000,000 | 1,941,000,000 | 2,169,000,000 | 2,173,000,000 | 1,312,000,000 | 1,397,000,000 | 1,499,000,000 | 1,365,000,000 | 1,244,000,000 | 1,445,000,000 | 1,586,000,000 | 1,745,000,000 | 1,518,000,000 | 2,098,000,000 | 1,534,000,000 | 1,559,000,000 | 1,650,000,000 | 2,053,000,000 | 2,179,000,000 | 2,023,000,000 |
property and equipment | 43,700,000,000 | 42,889,000,000 | 42,751,000,000 | 41,654,000,000 | 41,795,000,000 | 42,380,000,000 | 42,105,000,000 | 41,515,000,000 | 40,116,000,000 | 39,952,000,000 | 39,584,000,000 | 39,359,000,000 | 38,687,000,000 | 38,137,000,000 | 39,262,000,000 | 40,183,000,000 | 38,917,000,000 | 39,499,000,000 | 39,583,000,000 | 38,073,000,000 | 36,926,000,000 | 37,139,000,000 | 38,023,000,000 | 36,466,000,000 | 36,814,000,000 | 37,005,000,000 | 35,336,000,000 | 35,178,000,000 | 35,227,000,000 | 35,027,000,000 | 34,430,000,000 | 34,172,000,000 | 33,823,000,000 | 32,328,000,000 | 32,864,000,000 | 33,244,000,000 | 31,677,000,000 | 31,888,000,000 | 32,232,000,000 | 32,179,000,000 | 32,294,000,000 | 33,073,000,000 | 33,515,000,000 | 32,991,000,000 | 32,905,000,000 | 32,498,000,000 | 32,481,000,000 | 31,726,000,000 | 31,972,000,000 | 32,133,000,000 | 31,475,000,000 | 32,054,000,000 | 33,243,000,000 | 32,822,000,000 | 31,225,000,000 | 30,967,000,000 | 30,162,000,000 | 29,317,000,000 | 29,702,000,000 | 29,870,000,000 | 28,882,000,000 | 28,663,000,000 | 26,225,000,000 | 26,457,000,000 | 27,735,000,000 | 27,666,000,000 | 26,542,000,000 |
operating lease right-of-use assets | 1,295,000,000 | 1,352,000,000 | 1,365,000,000 | 1,341,000,000 | 1,368,000,000 | 1,383,000,000 | 1,282,000,000 | 1,238,000,000 | 1,265,000,000 | 1,277,000,000 | 1,310,000,000 | 1,246,000,000 | 1,274,000,000 | 1,163,000,000 | 1,205,000,000 | 1,278,000,000 | 1,366,000,000 | 1,415,000,000 | 1,354,000,000 | 1,370,000,000 | 1,379,000,000 | 1,413,000,000 | 1,469,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
goodwill | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 579,000,000 | 810,000,000 | 818,000,000 | 814,000,000 | 807,000,000 | 807,000,000 | 790,000,000 | 2,176,000,000 | 2,886,000,000 | 2,907,000,000 | 2,943,000,000 | 2,925,000,000 | 2,949,000,000 | 2,950,000,000 | 3,014,000,000 | 2,967,000,000 | 2,957,000,000 | 2,953,000,000 | 2,911,000,000 | 2,964,000,000 | 3,019,000,000 | 2,980,000,000 | 3,010,000,000 | 3,052,000,000 | 3,041,000,000 | 3,055,000,000 | 3,199,000,000 | 3,226,000,000 | 3,226,000,000 | 3,210,000,000 | 3,160,000,000 | 3,134,000,000 | 3,143,000,000 | 3,146,000,000 | 3,135,000,000 | 3,188,000,000 | 3,322,000,000 | 3,430,000,000 | 3,424,000,000 | 3,373,000,000 | 3,320,000,000 | 3,287,000,000 | 3,214,000,000 | 3,326,000,000 | 3,451,000,000 | 3,402,000,000 | 3,388,000,000 | 3,225,000,000 | 3,266,000,000 | 3,500,000,000 | 3,614,000,000 | 3,593,000,000 |
other intangibles | 1,181,000,000 | 1,181,000,000 | 1,178,000,000 | 1,162,000,000 | 1,163,000,000 | 1,173,000,000 | 1,167,000,000 | 1,168,000,000 | 1,169,000,000 | 1,168,000,000 | 1,163,000,000 | 1,158,000,000 | 1,156,000,000 | 1,151,000,000 | 1,167,000,000 | 1,181,000,000 | 1,190,000,000 | 1,198,000,000 | 1,195,000,000 | 1,186,000,000 | 1,186,000,000 | 1,168,000,000 | 1,173,000,000 | 1,166,000,000 | 1,172,000,000 | 1,181,000,000 | 1,176,000,000 | 1,182,000,000 | 1,183,000,000 | 1,198,000,000 | 1,200,000,000 | 1,247,000,000 | 1,286,000,000 | 1,279,000,000 | 1,290,000,000 | 1,305,000,000 | 1,294,000,000 | 1,238,000,000 | 1,247,000,000 | 1,247,000,000 | 1,252,000,000 | 1,292,000,000 | 1,298,000,000 | 1,296,000,000 | 1,292,000,000 | 1,278,000,000 | 1,298,000,000 | 1,303,000,000 | 1,307,000,000 | 1,302,000,000 | 1,319,000,000 | 1,330,000,000 | 1,396,000,000 | 1,396,000,000 | 1,335,000,000 | 1,320,000,000 | |||||||||||
other assets | 1,095,000,000 | 962,000,000 | 943,000,000 | 822,000,000 | 775,000,000 | 665,000,000 | 702,000,000 | 777,000,000 | 725,000,000 | 2,098,000,000 | 3,030,000,000 | 2,501,000,000 | 2,515,000,000 | 2,455,000,000 | 2,221,000,000 | 2,002,000,000 | 2,323,000,000 | 1,936,000,000 | 1,821,000,000 | 1,594,000,000 | 1,252,000,000 | 1,086,000,000 | 1,216,000,000 | 771,000,000 | 785,000,000 | 700,000,000 | 738,000,000 | 689,000,000 | 546,000,000 | 535,000,000 | 585,000,000 | 606,000,000 | 615,000,000 | 588,000,000 | 660,000,000 | 683,000,000 | 635,000,000 | 650,000,000 | 649,000,000 | 665,000,000 | 687,000,000 | 831,000,000 | 862,000,000 | 747,000,000 | 760,000,000 | 823,000,000 | 742,000,000 | 711,000,000 | 716,000,000 | 723,000,000 | 808,000,000 | 619,000,000 | 560,000,000 | 622,000,000 | 667,000,000 | 639,000,000 | 643,000,000 | 623,000,000 | 643,000,000 | 650,000,000 | 645,000,000 | 632,000,000 | 546,000,000 | 733,000,000 | 631,000,000 | 620,000,000 | 598,000,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 1,502,000,000 | 1,417,000,000 | 1,392,000,000 | 1,531,000,000 | 1,538,000,000 | 2,214,000,000 | 2,181,000,000 | 2,195,000,000 | 2,089,000,000 | 1,780,000,000 | 1,789,000,000 | 2,264,000,000 | 2,393,000,000 | 2,877,000,000 | 3,196,000,000 | 2,272,000,000 | 1,303,000,000 | 1,708,000,000 | 1,726,000,000 | 1,742,000,000 | 2,621,000,000 | 2,373,000,000 | 2,196,000,000 | 1,607,000,000 | 1,614,000,000 | 1,684,000,000 | 1,578,000,000 | 688,000,000 | 848,000,000 | 1,006,000,000 | 1,717,000,000 | 1,265,000,000 | 1,108,000,000 | 1,127,000,000 | 739,000,000 | 836,000,000 | 813,000,000 | 1,344,000,000 | 1,218,000,000 | 1,316,000,000 | 1,321,000,000 | 1,754,000,000 | 1,048,000,000 | 1,212,000,000 | 1,408,000,000 | 2,030,000,000 | 2,000,000,000 | 1,643,000,000 | 754,000,000 | 1,067,000,000 | 1,025,000,000 | 1,019,000,000 | 1,196,000,000 | 890,000,000 | 811,000,000 | 613,000,000 | 1,153,000,000 | 676,000,000 | 785,000,000 | 815,000,000 | 1,264,000,000 | 1,525,000,000 | 1,269,000,000 | 1,081,000,000 | 888,000,000 | 1,386,000,000 | 1,333,000,000 |
current portion of operating lease liabilities | 171,000,000 | 178,000,000 | 177,000,000 | 164,000,000 | 163,000,000 | 159,000,000 | 144,000,000 | 138,000,000 | 149,000,000 | 153,000,000 | 161,000,000 | 156,000,000 | 146,000,000 | 139,000,000 | 140,000,000 | 139,000,000 | 142,000,000 | 142,000,000 | 142,000,000 | 151,000,000 | 150,000,000 | 153,000,000 | 168,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 1,242,000,000 | 1,173,000,000 | 1,198,000,000 | 1,091,000,000 | 1,133,000,000 | 1,062,000,000 | 1,063,000,000 | 1,103,000,000 | 1,168,000,000 | 1,103,000,000 | 1,042,000,000 | 1,022,000,000 | 1,050,000,000 | 920,000,000 | 912,000,000 | 772,000,000 | 672,000,000 | 499,000,000 | 505,000,000 | 624,000,000 | 691,000,000 | 1,809,000,000 | 904,000,000 | 695,000,000 | 792,000,000 | 798,000,000 | 730,000,000 | 666,000,000 | 745,000,000 | 795,000,000 | 762,000,000 | 639,000,000 | 690,000,000 | 669,000,000 | 704,000,000 | 667,000,000 | 619,000,000 | 627,000,000 | 578,000,000 | 637,000,000 | 594,000,000 | 610,000,000 | 627,000,000 | 554,000,000 | 639,000,000 | 601,000,000 | 627,000,000 | 570,000,000 | 561,000,000 | 532,000,000 | 517,000,000 | 576,000,000 | 548,000,000 | 552,000,000 | 516,000,000 | 503,000,000 | 541,000,000 | 548,000,000 | 528,000,000 | 568,000,000 | 612,000,000 | 543,000,000 | 496,000,000 | 512,000,000 | 505,000,000 | 454,000,000 | 477,000,000 |
accrued liabilities and other | 2,034,000,000 | 1,977,000,000 | 2,072,000,000 | 1,939,000,000 | 2,358,000,000 | 2,393,000,000 | 2,114,000,000 | 2,318,000,000 | 2,003,000,000 | 2,017,000,000 | 1,951,000,000 | 1,951,000,000 | 1,942,000,000 | 1,873,000,000 | 1,690,000,000 | 1,627,000,000 | 1,568,000,000 | 1,314,000,000 | 1,336,000,000 | 1,144,000,000 | 1,199,000,000 | 1,343,000,000 | 1,754,000,000 | 1,718,000,000 | 1,675,000,000 | 1,637,000,000 | 1,654,000,000 | 1,616,000,000 | 1,571,000,000 | 1,653,000,000 | 1,877,000,000 | 1,845,000,000 | 1,807,000,000 | 1,766,000,000 | 1,738,000,000 | 1,653,000,000 | 1,632,000,000 | 1,683,000,000 | 1,349,000,000 | 1,223,000,000 | 1,198,000,000 | 1,191,000,000 | 1,136,000,000 | 1,084,000,000 | 932,000,000 | 929,000,000 | 857,000,000 | 798,000,000 | 970,000,000 | 1,009,000,000 | 1,020,000,000 | 1,123,000,000 | 1,084,000,000 | 1,137,000,000 | 1,121,000,000 | 1,094,000,000 | 991,000,000 | 928,000,000 | 912,000,000 | 874,000,000 | 886,000,000 | 810,000,000 | 739,000,000 | 1,142,000,000 | 1,224,000,000 | 1,269,000,000 | 1,203,000,000 |
customer deposits | 7,472,000,000 | 6,691,000,000 | 8,082,000,000 | 6,853,000,000 | 6,425,000,000 | 6,436,000,000 | 7,883,000,000 | 6,642,000,000 | 6,072,000,000 | 5,955,000,000 | 6,892,000,000 | 5,495,000,000 | 4,874,000,000 | 4,470,000,000 | 4,767,000,000 | 3,367,000,000 | 2,707,000,000 | 1,992,000,000 | 1,826,000,000 | 1,940,000,000 | 2,150,000,000 | 2,618,000,000 | 4,690,000,000 | 4,674,000,000 | 5,815,000,000 | 4,755,000,000 | 4,395,000,000 | 4,418,000,000 | 5,308,000,000 | 4,288,000,000 | 3,958,000,000 | 4,038,000,000 | 4,778,000,000 | 3,734,000,000 | 3,585,000,000 | 4,275,000,000 | 3,335,000,000 | 3,272,000,000 | 3,314,000,000 | 3,907,000,000 | 3,147,000,000 | 3,130,000,000 | 3,698,000,000 | 3,080,000,000 | 3,031,000,000 | 2,980,000,000 | 3,626,000,000 | 3,015,000,000 | 3,078,000,000 | 3,634,000,000 | 3,046,000,000 | 3,106,000,000 | 3,141,000,000 | 3,668,000,000 | 2,882,000,000 | 2,805,000,000 | 2,776,000,000 | 3,208,000,000 | 2,515,000,000 | 2,575,000,000 | 2,536,000,000 | 2,852,000,000 | 2,280,000,000 | 2,519,000,000 | 2,917,000,000 | 3,605,000,000 | 2,794,000,000 |
total current liabilities | 12,420,000,000 | 11,436,000,000 | 12,920,000,000 | 11,578,000,000 | 11,617,000,000 | 12,265,000,000 | 13,385,000,000 | 12,396,000,000 | 11,481,000,000 | 11,008,000,000 | 11,835,000,000 | 11,088,000,000 | 10,605,000,000 | 12,954,000,000 | 13,380,000,000 | 10,920,000,000 | 9,491,000,000 | 8,754,000,000 | 8,619,000,000 | 8,686,000,000 | 10,184,000,000 | 11,858,000,000 | 10,716,000,000 | 8,932,000,000 | 10,377,000,000 | 9,642,000,000 | 9,204,000,000 | 8,020,000,000 | 9,308,000,000 | 8,851,000,000 | 8,800,000,000 | 7,969,000,000 | 9,058,000,000 | 7,465,000,000 | 7,100,000,000 | 7,841,000,000 | 6,664,000,000 | 6,956,000,000 | 6,749,000,000 | 7,683,000,000 | 7,412,000,000 | 7,056,000,000 | 7,401,000,000 | 6,688,000,000 | 6,720,000,000 | 7,488,000,000 | 8,055,000,000 | 6,782,000,000 | 5,936,000,000 | 7,262,000,000 | 6,544,000,000 | 6,105,000,000 | 6,881,000,000 | 6,521,000,000 | 6,009,000,000 | 5,755,000,000 | 5,876,000,000 | 6,763,000,000 | 5,667,000,000 | 4,967,000,000 | 5,775,000,000 | 6,167,000,000 | 5,340,000,000 | 5,781,000,000 | 5,829,000,000 | 7,089,000,000 | 7,393,000,000 |
long-term debt | 23,788,000,000 | 25,064,000,000 | 25,862,000,000 | 25,487,000,000 | 25,936,000,000 | 26,642,000,000 | 27,154,000,000 | 28,544,000,000 | 28,483,000,000 | 29,516,000,000 | 31,921,000,000 | 32,672,000,000 | 31,953,000,000 | 28,518,000,000 | 29,263,000,000 | 29,887,000,000 | 26,831,000,000 | 25,968,000,000 | 26,522,000,000 | 22,130,000,000 | 18,916,000,000 | 14,870,000,000 | 9,738,000,000 | 8,893,000,000 | 9,080,000,000 | 9,134,000,000 | 7,897,000,000 | 8,297,000,000 | 8,172,000,000 | 7,445,000,000 | 6,993,000,000 | 7,723,000,000 | 7,635,000,000 | 7,796,000,000 | 8,320,000,000 | 8,183,000,000 | 7,990,000,000 | 7,413,000,000 | 6,604,000,000 | 6,648,000,000 | 6,944,000,000 | 6,967,000,000 | 7,880,000,000 | 7,992,000,000 | 8,092,000,000 | 7,792,000,000 | 7,848,000,000 | 7,622,000,000 | 8,289,000,000 | 8,392,000,000 | 7,964,000,000 | 8,053,000,000 | 7,714,000,000 | 8,678,000,000 | 7,815,000,000 | 8,011,000,000 | 7,644,000,000 | 7,681,000,000 | 8,933,000,000 | 9,097,000,000 | 8,373,000,000 | 8,317,000,000 | 7,690,000,000 | 7,735,000,000 | 8,345,000,000 | 7,689,000,000 | 6,271,000,000 |
long-term operating lease liabilities | 1,146,000,000 | 1,201,000,000 | 1,217,000,000 | 1,209,000,000 | 1,239,000,000 | 1,258,000,000 | 1,174,000,000 | 1,138,000,000 | 1,170,000,000 | 1,180,000,000 | 1,208,000,000 | 1,148,000,000 | 1,189,000,000 | 1,076,000,000 | 1,120,000,000 | 1,190,000,000 | 1,269,000,000 | 1,317,000,000 | 1,256,000,000 | 1,273,000,000 | 1,281,000,000 | 1,292,000,000 | 1,312,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 1,164,000,000 | 1,202,000,000 | 1,159,000,000 | 1,078,000,000 | 1,012,000,000 | 1,042,000,000 | 1,075,000,000 | 1,001,000,000 | 1,105,000,000 | 1,091,000,000 | 1,044,000,000 | 908,000,000 | 891,000,000 | 989,000,000 | 965,000,000 | 973,000,000 | 1,061,000,000 | 1,149,000,000 | 1,017,000,000 | 949,000,000 | 934,000,000 | 956,000,000 | 887,000,000 | 882,000,000 | 948,000,000 | 912,000,000 | 856,000,000 | 783,000,000 | 771,000,000 | 764,000,000 | 769,000,000 | 779,000,000 | 794,000,000 | 782,000,000 | 1,012,000,000 | 1,036,000,000 | 1,167,000,000 | 1,097,000,000 | 1,091,000,000 | 1,028,000,000 | 1,008,000,000 | 817,000,000 | 880,000,000 | 755,000,000 | 736,000,000 | 853,000,000 | 796,000,000 | 748,000,000 | |||||||||||||||||||
contingencies and commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
carnival corporation common stock, 0.01 par value... | 14,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
carnival plc ordinary shares, 1.66 par value; 217 shares issued at 2026 and 2025 | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 17,871,000,000 | 17,238,000,000 | 17,208,000,000 | 17,180,000,000 | 17,155,000,000 | 16,723,000,000 | 16,701,000,000 | 16,679,000,000 | 16,712,000,000 | 16,699,000,000 | 16,684,000,000 | 16,635,000,000 | 16,872,000,000 | 16,626,000,000 | 15,457,000,000 | 15,360,000,000 | 15,146,000,000 | 15,005,000,000 | 14,977,000,000 | 13,948,000,000 | 10,680,000,000 | 9,683,000,000 | 8,829,000,000 | 8,798,000,000 | 8,785,000,000 | 8,776,000,000 | 8,756,000,000 | 8,741,000,000 | 8,721,000,000 | 8,708,000,000 | 8,690,000,000 | 8,690,000,000 | 8,673,000,000 | 8,660,000,000 | 8,618,000,000 | 8,605,000,000 | 8,592,000,000 | 8,562,000,000 | 8,505,000,000 | 8,412,000,000 | 8,398,000,000 | 8,369,000,000 | 8,345,000,000 | 8,333,000,000 | 8,325,000,000 | 8,312,000,000 | 8,284,000,000 | 8,277,000,000 | 8,218,000,000 | 8,205,000,000 | 8,196,000,000 | 8,180,000,000 | 8,167,000,000 | 8,155,000,000 | 8,148,000,000 | 8,094,000,000 | 8,109,000,000 | 8,059,000,000 | 7,967,000,000 | 7,707,000,000 | 7,695,000,000 | 7,699,000,000 | 7,687,000,000 | 7,677,000,000 | 7,666,000,000 | 7,653,000,000 | 7,626,000,000 |
retained earnings | 4,733,000,000 | 4,395,000,000 | 2,543,000,000 | 1,991,000,000 | 2,101,000,000 | 1,798,000,000 | 62,000,000 | -29,000,000 | 185,000,000 | 233,000,000 | -841,000,000 | -434,000,000 | 269,000,000 | 1,868,000,000 | 2,649,000,000 | 4,493,000,000 | 9,194,000,000 | 12,030,000,000 | 14,102,000,000 | 16,075,000,000 | 18,297,000,000 | 21,155,000,000 | 25,527,000,000 | 26,576,000,000 | 25,138,000,000 | 25,033,000,000 | 25,066,000,000 | 24,921,000,000 | 23,564,000,000 | 23,360,000,000 | 23,292,000,000 | 23,066,000,000 | 22,026,000,000 | 21,939,000,000 | 21,488,000,000 | 20,320,000,000 | 19,976,000,000 | 20,060,000,000 | 20,023,000,000 | 19,041,000,000 | 19,013,000,000 | 19,538,000,000 | 18,485,000,000 | 18,573,000,000 | 18,782,000,000 | 18,911,000,000 | 18,170,000,000 | 18,322,000,000 | 18,969,000,000 | 17,835,000,000 | 18,015,000,000 | 18,349,000,000 | 18,319,000,000 | 17,186,000,000 | 17,178,000,000 | 17,224,000,000 | 17,055,000,000 | 15,830,000,000 | 15,657,000,000 | 15,770,000,000 | 15,577,000,000 | 14,504,000,000 | 14,240,000,000 | 13,980,000,000 | 13,925,000,000 | 12,907,000,000 | 12,832,000,000 |
accumulated other comprehensive income | -1,738,000,000 | -1,715,000,000 | -1,753,000,000 | -1,986,000,000 | -1,975,000,000 | -1,894,000,000 | -1,919,000,000 | -1,938,000,000 | -1,939,000,000 | -1,896,000,000 | -1,903,000,000 | -1,972,000,000 | -1,982,000,000 | -2,024,000,000 | -1,742,000,000 | -1,486,000,000 | -1,349,000,000 | -1,126,000,000 | -1,233,000,000 | -1,436,000,000 | -1,439,000,000 | -1,962,000,000 | -2,028,000,000 | -2,183,000,000 | -2,076,000,000 | -1,869,000,000 | -28,000,000 | 243,000,000 | 273,000,000 | 161,000,000 | 585,000,000 | 542,000,000 | 141,000,000 | -254,000,000 | -545,000,000 | -1,029,000,000 | -273,000,000 | 462,000,000 | 199,000,000 | 107,000,000 | -847,000,000 | -623,000,000 | 666,000,000 | 1,306,000,000 | 1,219,000,000 | ||||||||||||||||||||||
treasury stock | -8,210,000,000 | -8,364,000,000 | -8,364,000,000 | -8,376,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,449,000,000 | -8,449,000,000 | -8,449,000,000 | -8,433,000,000 | -8,468,000,000 | -8,464,000,000 | -8,476,000,000 | -8,428,000,000 | -8,500,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,404,000,000 | -8,261,000,000 | -8,104,000,000 | -8,063,000,000 | -7,795,000,000 | -7,533,000,000 | -6,862,000,000 | -6,565,000,000 | -6,349,000,000 | -6,104,000,000 | -5,946,000,000 | -5,864,000,000 | -5,559,000,000 | -4,851,000,000 | -4,365,000,000 | -3,475,000,000 | -3,162,000,000 | -3,087,000,000 | -3,087,000,000 | -3,087,000,000 | -3,073,000,000 | -3,074,000,000 | -3,077,000,000 | -3,077,000,000 | -3,066,000,000 | -3,041,000,000 | -2,923,000,000 | -2,856,000,000 | -2,854,000,000 | -2,851,000,000 | -2,682,000,000 | -2,394,000,000 | -2,395,000,000 | -2,394,000,000 | -2,385,000,000 | -2,357,000,000 | -2,293,000,000 | -2,264,000,000 | -2,271,000,000 | -2,285,000,000 | -2,286,000,000 | -2,296,000,000 | -2,296,000,000 | -2,296,000,000 | -2,297,000,000 |
total shareholders’ equity attributable to carnival corporation & plc | 13,031,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 13,049,000,000 | 11,928,000,000 | 10,007,000,000 | 9,182,000,000 | 9,251,000,000 | 8,597,000,000 | 6,814,000,000 | 6,682,000,000 | 6,882,000,000 | 6,960,000,000 | 5,865,000,000 | 6,170,000,000 | 7,065,000,000 | 8,379,000,000 | 8,260,000,000 | 10,311,000,000 | 14,863,000,000 | 17,876,000,000 | 19,813,000,000 | 19,503,000,000 | 20,840,000,000 | 24,290,000,000 | 25,295,000,000 | 24,108,000,000 | 24,241,000,000 | 24,654,000,000 | 23,933,000,000 | 24,382,000,000 | 24,216,000,000 | 24,172,000,000 | 22,964,000,000 | 22,660,000,000 | 22,900,000,000 | 22,791,000,000 | 22,625,000,000 | 23,771,000,000 | 24,353,000,000 | 23,252,000,000 | 23,350,000,000 | 25,157,000,000 | 24,365,000,000 | 24,470,000,000 | 24,556,000,000 | 24,260,000,000 | 23,280,000,000 | 23,523,000,000 | 24,193,000,000 | 23,026,000,000 | 23,653,000,000 | 23,832,000,000 | 24,752,000,000 | 23,852,000,000 | 23,435,000,000 | 23,031,000,000 | 22,595,000,000 | 20,864,000,000 | 21,419,000,000 | 22,035,000,000 | 21,560,000,000 | 20,385,000,000 | 19,154,000,000 | 19,098,000,000 | 20,321,000,000 | 19,930,000,000 | 19,740,000,000 | ||
carnival plc ordinary shares, 1.66 par value; 217 shares issued at 2025 and 2024 | 361,000,000 | 361,000,000 | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
carnival plc ordinary shares, 1.66 par value; 217 shares issued at 2024 and 2023 | 361,000,000 | 361,000,000 | 361,000,000 | 361,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 11,000,000 | 18,000,000 | 18,000,000 | 15,000,000 | 1,988,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 200,000,000 | 200,000,000 | 2,675,000,000 | 2,675,000,000 | 2,741,000,000 | 3,099,000,000 | 3,099,000,000 | 3,083,000,000 | 3,084,000,000 | 3,374,000,000 | 3,562,000,000 | 1,004,000,000 | 238,000,000 | 480,000,000 | 768,000,000 | 848,000,000 | 632,000,000 | 837,000,000 | 1,108,000,000 | 485,000,000 | 182,000,000 | 675,000,000 | 169,000,000 | 334,000,000 | 410,000,000 | 265,000,000 | 30,000,000 | 38,000,000 | 305,000,000 | 874,000,000 | 146,000,000 | 508,000,000 | 406,000,000 | 60,000,000 | 196,000,000 | 14,000,000 | 122,000,000 | 9,000,000 | 541,000,000 | 538,000,000 | 281,000,000 | 912,000,000 | 274,000,000 | 679,000,000 | 740,000,000 | 415,000,000 | 808,000,000 | 927,000,000 | 135,000,000 | 199,000,000 | 161,000,000 | 283,000,000 | 256,000,000 | 63,000,000 | 145,000,000 | 188,000,000 | |||||||||||
carnival plc ordinary shares, 1.66 par value; 217 shares at 2023 and 2022 issued | 361,000,000 | 361,000,000 | 361,000,000 | 361,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 151,000,000 | 515,000,000 | 647,000,000 | 2,204,000,000 | 1,840,000,000 | 9,000,000 | 8,000,000 | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
carnival plc ordinary shares, 1.66 par value; 217 shares at 2022 and 2021 issued | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of carnival corporation, 0.01 par value... | 12,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | |||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2022 and 2021 issued | 361,000,000 | 361,000,000 | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2021 and 2020 issued | 361,000,000 | 361,000,000 | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2020 and 2019 issued | 361,000,000 | 361,000,000 | 360,000,000 | 359,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 20,555,000,000 | 24,443,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2019 and 2018 issued | 358,000,000 | 358,000,000 | 358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2018 and 2017 issued | 358,000,000 | 358,000,000 | 358,000,000 | 358,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,949,000,000 | -1,840,000,000 | -1,855,000,000 | -1,486,000,000 | -1,782,000,000 | -1,845,000,000 | -2,154,000,000 | -2,440,000,000 | -2,012,000,000 | -1,648,000,000 | -1,943,000,000 | -1,741,000,000 | -1,378,000,000 | -1,479,000,000 | -1,339,000,000 | -251,000,000 | -473,000,000 | -399,000,000 | -434,000,000 | -521,000,000 | -67,000,000 | -209,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 217 shares at 2017 and 2016 issued | 358,000,000 | 358,000,000 | 358,000,000 | 358,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recoverables | 102,000,000 | 108,000,000 | 112,000,000 | 109,000,000 | 124,000,000 | 176,000,000 | 163,000,000 | 123,000,000 | 299,000,000 | 269,000,000 | 381,000,000 | 450,000,000 | 637,000,000 | 337,000,000 | 482,000,000 | 403,000,000 | 851,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 216 shares at 2016 and 2015 issued | 358,000,000 | 358,000,000 | 358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 216 shares at 2015 and 2014 issued | 358,000,000 | 358,000,000 | 358,000,000 | 358,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
claims reserve | 252,000,000 | 295,000,000 | 278,000,000 | 225,000,000 | 384,000,000 | 352,000,000 | 456,000,000 | 558,000,000 | 737,000,000 | 440,000,000 | 564,000,000 | 479,000,000 | 398,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 216 shares at 2014 and 2013 issued | 358,000,000 | 358,000,000 | 358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable | 194,000,000 | 194,000,000 | 194,000,000 | 194,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 216 shares at 2013 and 215 shares at 2012 issued | 358,000,000 | 358,000,000 | 358,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 215 shares at 2013 and 2012 issued | 357,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities and deferred income | 664,000,000 | 782,000,000 | 802,000,000 | 647,000,000 | 679,000,000 | 712,000,000 | 706,000,000 | 693,000,000 | 732,000,000 | 721,000,000 | 713,000,000 | 736,000,000 | 651,000,000 | 676,000,000 | 652,000,000 | 786,000,000 | 783,000,000 | 764,000,000 | 741,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 215 shares at 2012 and 2011 issued | 357,000,000 | 357,000,000 | 357,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 215 shares at 2011 and 214 shares at 2010 issued | 357,000,000 | 357,000,000 | 357,000,000 | 357,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc, 1.66 par value; 214 shares at 2010 and 213 shares at 2009 issued | 355,000,000 | 355,000,000 | 355,000,000 | 355,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademarks | 1,310,000,000 | 1,289,000,000 | 1,316,000,000 | 1,346,000,000 | 1,332,000,000 | 1,328,000,000 | 1,281,000,000 | 1,294,000,000 | 1,359,000,000 | 1,393,000,000 | 1,389,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible debt subject to current put option | 595,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of carnival corporation; .01 par value... | 6,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc; 1.66 par value; 226 shares authorized; 213 shares at 2009 and 2008 issued | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible debt subject to current put options | 278,000,000 | 276,000,000 | 273,000,000 | 271,000,000 | 232,000,000 | 230,000,000 | 1,398,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock of carnival corporation; 0.01 par value... | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ordinary shares of carnival plc; 1.66 par value; 226 shares authorized; 213 shares at 2008 and 2007 issued | 354,000,000 | 354,000,000 | 354,000,000 | 354,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued and other liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets and businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-02-28 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | 2023-05-31 | 2023-02-28 | 2022-11-30 | 2022-08-31 | 2022-05-31 | 2022-02-28 | 2021-08-31 | 2021-05-31 | 2021-02-28 | 2020-11-30 | 2020-08-31 | 2020-05-31 | 2020-02-29 | 2019-08-31 | 2019-05-31 | 2019-02-28 | 2018-11-30 | 2018-08-31 | 2018-05-31 | 2018-02-28 | 2017-11-30 | 2017-08-31 | 2017-05-31 | 2017-02-28 | 2016-08-31 | 2016-05-31 | 2016-02-29 | 2015-11-30 | 2015-08-31 | 2015-05-31 | 2015-02-28 | 2014-08-31 | 2014-05-31 | 2014-02-28 | 2013-11-30 | 2013-08-31 | 2013-05-31 | 2013-02-28 | 2012-08-31 | 2012-05-31 | 2012-02-29 | 2011-11-30 | 2011-08-31 | 2011-05-31 | 2011-02-28 | 2010-11-30 | 2010-08-31 | 2010-05-31 | 2010-02-28 | 2009-11-30 | 2009-08-31 | 2009-05-31 | 2009-02-28 | 2008-11-30 | 2008-08-31 | 2008-05-31 | 2008-02-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 263,000,000 | 1,852,000,000 | 564,000,000 | -78,000,000 | 303,000,000 | 1,736,000,000 | 91,000,000 | -214,000,000 | -48,000,000 | 1,074,000,000 | -407,000,000 | -693,000,000 | -1,598,000,000 | -769,000,000 | -1,835,000,000 | -1,891,000,000 | -2,836,000,000 | -2,072,000,000 | -1,973,000,000 | -2,222,000,000 | -2,859,000,000 | -4,374,000,000 | -781,000,000 | 1,780,000,000 | 451,000,000 | 336,000,000 | 493,000,000 | 1,708,000,000 | 560,000,000 | 391,000,000 | 546,000,000 | 1,330,000,000 | 378,000,000 | 352,000,000 | 1,424,000,000 | 605,000,000 | 142,000,000 | 270,000,000 | 1,216,000,000 | 222,000,000 | 49,000,000 | 1,247,000,000 | 106,000,000 | -15,000,000 | 66,000,000 | 934,000,000 | 41,000,000 | 37,000,000 | 1,330,000,000 | 14,000,000 | -139,000,000 | 217,000,000 | 1,337,000,000 | 206,000,000 | 152,000,000 | 248,000,000 | 1,303,000,000 | 252,000,000 | 175,000,000 | 193,000,000 | 1,073,000,000 | 264,000,000 | 260,000,000 | 371,000,000 | 1,333,000,000 | 390,000,000 | 236,000,000 |
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 696,000,000 | 718,000,000 | 692,000,000 | 654,000,000 | 659,000,000 | 651,000,000 | 634,000,000 | 613,000,000 | 596,000,000 | 595,000,000 | 597,000,000 | 582,000,000 | 568,000,000 | 581,000,000 | 572,000,000 | 554,000,000 | 562,000,000 | 567,000,000 | 552,000,000 | 543,000,000 | 551,000,000 | 577,000,000 | 570,000,000 | 548,000,000 | 543,000,000 | 516,000,000 | 507,000,000 | 510,000,000 | 512,000,000 | 488,000,000 | 478,000,000 | 472,000,000 | 457,000,000 | 439,000,000 | 442,000,000 | 438,000,000 | 423,000,000 | 420,000,000 | 399,000,000 | 406,000,000 | 401,000,000 | 413,000,000 | 410,000,000 | 404,000,000 | 402,000,000 | 406,000,000 | 391,000,000 | 389,000,000 | 383,000,000 | 376,000,000 | 376,000,000 | 385,000,000 | 390,000,000 | 380,000,000 | 367,000,000 | 367,000,000 | 355,000,000 | 349,000,000 | 345,000,000 | 345,000,000 | 336,000,000 | 317,000,000 | 311,000,000 | 313,000,000 | 323,000,000 | 312,000,000 | 301,000,000 |
loss on debt extinguishment | 105,000,000 | 4,000,000 | 249,000,000 | 1,000,000 | 12,000,000 | 30,000,000 | 33,000,000 | 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation | 28,000,000 | 25,000,000 | 27,000,000 | 18,000,000 | 15,000,000 | 17,000,000 | 19,000,000 | 11,000,000 | 10,000,000 | 12,000,000 | 22,000,000 | 9,000,000 | 22,000,000 | 25,000,000 | 28,000,000 | 26,000,000 | 29,000,000 | 26,000,000 | 40,000,000 | 53,000,000 | 14,000,000 | 18,000,000 | 20,000,000 | 11,000,000 | 7,000,000 | 20,000,000 | 16,000,000 | 17,000,000 | 14,000,000 | 18,000,000 | 15,000,000 | 14,000,000 | 14,000,000 | 20,000,000 | 12,000,000 | 12,000,000 | 16,000,000 | 17,000,000 | 13,000,000 | 14,000,000 | 11,000,000 | 11,000,000 | 13,000,000 | 13,000,000 | 10,000,000 | 8,000,000 | 6,000,000 | 18,000,000 | 8,000,000 | 8,000,000 | 14,000,000 | 7,000,000 | 10,000,000 | 12,000,000 | 17,000,000 | 10,000,000 | 10,000,000 | 8,000,000 | 15,000,000 | 9,000,000 | 9,000,000 | 13,000,000 | 19,000,000 | 9,000,000 | 11,000,000 | 11,000,000 | 19,000,000 |
amortization of discounts and debt issue costs | 27,000,000 | 28,000,000 | 30,000,000 | 30,000,000 | 34,000,000 | 35,000,000 | 36,000,000 | 36,000,000 | 35,000,000 | 41,000,000 | 41,000,000 | 44,000,000 | 40,000,000 | 44,000,000 | 41,000,000 | 46,000,000 | 48,000,000 | 41,000,000 | 42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
non-cash lease expense | 42,000,000 | 42,000,000 | 40,000,000 | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
greenhouse gas regulatory expense | 15,000,000 | 34,000,000 | 23,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 72,000,000 | -22,000,000 | 46,000,000 | 26,000,000 | -21,000,000 | 37,000,000 | 39,000,000 | 16,000,000 | 17,000,000 | 31,000,000 | 1,000,000 | 7,000,000 | 27,000,000 | 18,000,000 | 7,000,000 | 5,000,000 | -59,000,000 | -35,000,000 | 17,000,000 | -73,000,000 | 19,000,000 | -2,000,000 | 12,000,000 | 16,000,000 | -26,000,000 | -20,000,000 | 24,000,000 | -1,000,000 | 16,000,000 | 16,000,000 | 20,000,000 | 24,000,000 | 13,000,000 | 9,000,000 | 15,000,000 | 9,000,000 | 12,000,000 | 4,000,000 | 15,000,000 | 4,000,000 | 5,000,000 | 9,000,000 | 11,000,000 | -4,000,000 | 19,000,000 | 4,000,000 | -7,000,000 | 41,000,000 | 6,000,000 | 32,000,000 | 8,000,000 | 2,000,000 | 6,000,000 | 3,000,000 | 7,000,000 | -31,000,000 | 16,000,000 | 17,000,000 | 13,000,000 | -9,000,000 | -25,000,000 | -16,000,000 | -1,000,000 | 5,000,000 | |||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 17,000,000 | -85,000,000 | -11,000,000 | 33,000,000 | 23,000,000 | -110,000,000 | 144,000,000 | -106,000,000 | -81,000,000 | -44,000,000 | 66,000,000 | -121,000,000 | -37,000,000 | -14,000,000 | -98,000,000 | -22,000,000 | -68,000,000 | 25,000,000 | 6,000,000 | 100,000,000 | 227,000,000 | -223,000,000 | 21,000,000 | -51,000,000 | 0 | -50,000,000 | 3,000,000 | -26,000,000 | -5,000,000 | -30,000,000 | 7,000,000 | 7,000,000 | -6,000,000 | -2,000,000 | 5,000,000 | -22,000,000 | -18,000,000 | 27,000,000 | 62,000,000 | -64,000,000 | -21,000,000 | -71,000,000 | -41,000,000 | 146,000,000 | 44,000,000 | -33,000,000 | -5,000,000 | -134,000,000 | -25,000,000 | -7,000,000 | -22,000,000 | 75,000,000 | 3,000,000 | -50,000,000 | -71,000,000 | 164,000,000 | 64,000,000 | -66,000,000 | -56,000,000 | 122,000,000 | -53,000,000 | 6,000,000 | 6,000,000 | 174,000,000 | -128,000,000 | -115,000,000 | -1,000,000 |
inventories | -3,000,000 | 2,000,000 | 50,000,000 | -17,000,000 | -24,000,000 | 19,000,000 | 21,000,000 | -7,000,000 | -42,000,000 | -37,000,000 | 13,000,000 | -19,000,000 | -8,000,000 | -8,000,000 | -42,000,000 | -37,000,000 | -1,000,000 | 6,000,000 | 13,000,000 | 73,000,000 | -15,000,000 | 17,000,000 | -2,000,000 | 7,000,000 | -48,000,000 | -3,000,000 | -17,000,000 | 1,000,000 | -31,000,000 | 1,000,000 | 16,000,000 | -35,000,000 | -1,000,000 | 20,000,000 | -4,000,000 | -30,000,000 | 24,000,000 | 4,000,000 | 7,000,000 | 23,000,000 | -3,000,000 | -5,000,000 | 18,000,000 | -4,000,000 | 0 | 5,000,000 | 14,000,000 | -3,000,000 | -4,000,000 | -18,000,000 | -1,000,000 | -16,000,000 | -19,000,000 | -25,000,000 | 11,000,000 | 14,000,000 | -12,000,000 | -7,000,000 | 0 | 9,000,000 | 8,000,000 | 33,000,000 | -25,000,000 | -17,000,000 | 1,000,000 | ||
prepaid expenses and other assets | -149,000,000 | 71,000,000 | -145,000,000 | -64,000,000 | -157,000,000 | 60,000,000 | -185,000,000 | 634,000,000 | 323,000,000 | 879,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -33,000,000 | 25,000,000 | 21,000,000 | -31,000,000 | 32,000,000 | -6,000,000 | -41,000,000 | -11,000,000 | 46,000,000 | 54,000,000 | 12,000,000 | -35,000,000 | 107,000,000 | 37,000,000 | 163,000,000 | -24,000,000 | 134,000,000 | 9,000,000 | -128,000,000 | -68,000,000 | -1,149,000,000 | 904,000,000 | 148,000,000 | -93,000,000 | 3,000,000 | 65,000,000 | 70,000,000 | -80,000,000 | -33,000,000 | 19,000,000 | 122,000,000 | -63,000,000 | 9,000,000 | -47,000,000 | 52,000,000 | 43,000,000 | -7,000,000 | 59,000,000 | -62,000,000 | 33,000,000 | 6,000,000 | -9,000,000 | 75,000,000 | -88,000,000 | 29,000,000 | -32,000,000 | 59,000,000 | 23,000,000 | 27,000,000 | 31,000,000 | -62,000,000 | 50,000,000 | -9,000,000 | 25,000,000 | 1,000,000 | -47,000,000 | -20,000,000 | 47,000,000 | -16,000,000 | -3,000,000 | 66,000,000 | 24,000,000 | -13,000,000 | -19,000,000 | 64,000,000 | -27,000,000 | -84,000,000 |
accrued liabilities and other | -296,000,000 | 22,000,000 | 61,000,000 | -443,000,000 | -78,000,000 | 275,000,000 | -138,000,000 | 108,000,000 | -8,000,000 | 86,000,000 | 41,000,000 | 28,000,000 | 79,000,000 | 250,000,000 | 77,000,000 | -65,000,000 | 222,000,000 | 69,000,000 | 167,000,000 | -142,000,000 | -172,000,000 | -117,000,000 | 120,000,000 | 15,000,000 | 43,000,000 | 5,000,000 | 83,000,000 | -51,000,000 | -198,000,000 | 45,000,000 | 94,000,000 | ||||||||||||||||||||||||||||||||||||
customer deposits | 585,000,000 | -1,425,000,000 | 1,093,000,000 | 503,000,000 | 80,000,000 | -1,544,000,000 | 1,352,000,000 | 619,000,000 | 72,000,000 | -932,000,000 | 1,433,000,000 | 596,000,000 | 296,000,000 | -228,000,000 | 1,424,000,000 | 187,000,000 | 652,000,000 | 294,000,000 | -49,000,000 | -164,000,000 | -552,000,000 | -1,951,000,000 | -36,000,000 | -1,107,000,000 | 1,158,000,000 | 358,000,000 | -10,000,000 | -864,000,000 | 1,142,000,000 | 271,000,000 | -94,000,000 | -784,000,000 | 1,020,000,000 | 219,000,000 | -631,000,000 | 938,000,000 | 88,000,000 | -21,000,000 | -594,000,000 | 809,000,000 | 160,000,000 | -534,000,000 | 653,000,000 | 23,000,000 | 1,000,000 | -688,000,000 | 621,000,000 | -39,000,000 | -568,000,000 | 633,000,000 | -50,000,000 | 22,000,000 | -538,000,000 | 751,000,000 | 56,000,000 | -10,000,000 | -484,000,000 | 760,000,000 | 5,000,000 | 10,000,000 | -325,000,000 | 485,000,000 | -215,000,000 | -267,000,000 | -620,000,000 | 805,000,000 | 6,000,000 |
net cash from operating activities | 1,263,000,000 | 1,383,000,000 | 2,392,000,000 | 925,000,000 | 911,000,000 | 1,205,000,000 | 2,039,000,000 | 1,768,000,000 | 922,000,000 | 1,834,000,000 | 1,137,000,000 | 388,000,000 | -117,000,000 | -344,000,000 | 3,000,000 | -1,212,000,000 | -879,000,000 | -1,359,000,000 | -1,503,000,000 | -1,652,000,000 | -2,845,000,000 | -2,720,000,000 | 916,000,000 | 1,245,000,000 | 2,053,000,000 | 1,116,000,000 | 1,113,000,000 | 1,349,000,000 | 2,023,000,000 | 1,064,000,000 | 1,024,000,000 | 1,449,000,000 | 1,917,000,000 | 932,000,000 | 1,429,000,000 | 1,883,000,000 | 798,000,000 | 978,000,000 | 1,281,000,000 | 1,515,000,000 | 771,000,000 | 1,120,000,000 | 1,196,000,000 | 477,000,000 | 475,000,000 | 803,000,000 | 1,157,000,000 | 399,000,000 | 1,018,000,000 | 1,136,000,000 | 322,000,000 | 750,000,000 | 1,215,000,000 | 1,389,000,000 | 412,000,000 | 734,000,000 | 1,290,000,000 | 1,398,000,000 | 396,000,000 | 712,000,000 | 1,189,000,000 | 1,136,000,000 | 305,000,000 | 512,000,000 | 1,064,000,000 | 1,442,000,000 | 373,000,000 |
capital expenditures | -566,000,000 | -647,000,000 | -851,000,000 | -607,000,000 | -592,000,000 | -577,000,000 | -1,319,000,000 | -2,138,000,000 | -675,000,000 | -837,000,000 | -697,000,000 | -1,075,000,000 | -1,181,000,000 | -538,000,000 | -491,000,000 | -2,730,000,000 | -963,000,000 | -383,000,000 | -1,774,000,000 | -1,721,000,000 | -231,000,000 | -342,000,000 | -1,326,000,000 | -427,000,000 | -892,000,000 | -2,129,000,000 | -965,000,000 | -583,000,000 | -1,627,000,000 | -574,000,000 | 0 | -437,000,000 | -1,447,000,000 | -412,000,000 | -450,000,000 | -1,636,000,000 | -330,000,000 | -590,000,000 | -323,000,000 | -439,000,000 | -942,000,000 | -348,000,000 | -976,000,000 | -353,000,000 | -337,000,000 | -365,000,000 | -1,206,000,000 | -241,000,000 | -167,000,000 | -1,730,000,000 | -267,000,000 | -261,000,000 | -813,000,000 | -1,450,000,000 | -172,000,000 | -741,000,000 | -670,000,000 | 0 | -1,169,000,000 | 0 | -446,000,000 | 0 | -306,000,000 | -630,000,000 | -1,130,000,000 | -1,335,000,000 | -258,000,000 |
free cash flows | 697,000,000 | 736,000,000 | 1,541,000,000 | 318,000,000 | 319,000,000 | 628,000,000 | 720,000,000 | -370,000,000 | 247,000,000 | 997,000,000 | 440,000,000 | -687,000,000 | -1,298,000,000 | -882,000,000 | -488,000,000 | -3,942,000,000 | -1,842,000,000 | -1,742,000,000 | -3,277,000,000 | -3,373,000,000 | -3,076,000,000 | -3,062,000,000 | -410,000,000 | 818,000,000 | 1,161,000,000 | -1,013,000,000 | 148,000,000 | 766,000,000 | 396,000,000 | 490,000,000 | 1,024,000,000 | 1,012,000,000 | 470,000,000 | 520,000,000 | 979,000,000 | 247,000,000 | 468,000,000 | 388,000,000 | 958,000,000 | 1,076,000,000 | -171,000,000 | 772,000,000 | 220,000,000 | 124,000,000 | 138,000,000 | 438,000,000 | -49,000,000 | 158,000,000 | 851,000,000 | -594,000,000 | 55,000,000 | 489,000,000 | 402,000,000 | -61,000,000 | 240,000,000 | -7,000,000 | 620,000,000 | 1,398,000,000 | -773,000,000 | 712,000,000 | 743,000,000 | 1,136,000,000 | -1,000,000 | -118,000,000 | -66,000,000 | 107,000,000 | 115,000,000 |
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -566,000,000 | -647,000,000 | -851,000,000 | -607,000,000 | -592,000,000 | -577,000,000 | -1,319,000,000 | -2,138,000,000 | -675,000,000 | -837,000,000 | -697,000,000 | -1,075,000,000 | -1,181,000,000 | -538,000,000 | -491,000,000 | -2,730,000,000 | -963,000,000 | -383,000,000 | -1,774,000,000 | -1,721,000,000 | -231,000,000 | -342,000,000 | -1,326,000,000 | -427,000,000 | -892,000,000 | -2,129,000,000 | -965,000,000 | -583,000,000 | -1,627,000,000 | -574,000,000 | -1,169,000,000 | -446,000,000 | |||||||||||||||||||||||||||||||||||
proceeds from sales of ships and other property and equipment | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to affiliates | -37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -597,000,000 | -624,000,000 | -586,000,000 | -605,000,000 | -574,000,000 | -577,000,000 | -1,221,000,000 | -2,163,000,000 | -488,000,000 | -813,000,000 | -465,000,000 | -1,044,000,000 | -1,300,000,000 | -360,000,000 | -75,000,000 | -3,032,000,000 | 620,000,000 | -566,000,000 | -3,589,000,000 | -1,788,000,000 | -196,000,000 | -95,000,000 | -1,161,000,000 | -399,000,000 | -859,000,000 | -2,059,000,000 | -896,000,000 | -514,000,000 | -1,501,000,000 | -591,000,000 | -670,000,000 | -485,000,000 | -1,460,000,000 | -474,000,000 | -449,000,000 | -1,714,000,000 | -459,000,000 | -673,000,000 | -378,000,000 | -453,000,000 | -974,000,000 | -349,000,000 | -919,000,000 | -349,000,000 | -249,000,000 | -434,000,000 | -1,206,000,000 | -167,000,000 | -144,000,000 | -1,208,000,000 | -248,000,000 | -236,000,000 | -785,000,000 | -1,467,000,000 | -158,000,000 | -765,000,000 | -642,000,000 | -978,000,000 | -1,116,000,000 | -930,000,000 | -492,000,000 | -1,649,000,000 | -313,000,000 | -541,000,000 | -1,136,000,000 | -1,317,000,000 | -261,000,000 |
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of long-term debt | -945,000,000 | -5,612,000,000 | -1,616,000,000 | -3,448,000,000 | -597,000,000 | -767,000,000 | -2,682,000,000 | -1,390,000,000 | -832,000,000 | -4,534,000,000 | -1,615,000,000 | -679,000,000 | -1,002,000,000 | -389,000,000 | -181,000,000 | -503,000,000 | -2,142,000,000 | -697,000,000 | -668,000,000 | -725,000,000 | -513,000,000 | -251,000,000 | -132,000,000 | -134,000,000 | -243,000,000 | -95,000,000 | -285,000,000 | -90,000,000 | -218,000,000 | -963,000,000 | -215,000,000 | -105,000,000 | -806,000,000 | -101,000,000 | -102,000,000 | -241,000,000 | -628,000,000 | -466,000,000 | -188,000,000 | -248,000,000 | -336,000,000 | -112,000,000 | -1,089,000,000 | -312,000,000 | -1,270,000,000 | -112,000,000 | -218,000,000 | -612,000,000 | -426,000,000 | -215,000,000 | -112,000,000 | -792,000,000 | -1,947,000,000 | -1,423,000,000 | |||||||||||||
debt issuance costs | -4,000,000 | -27,000,000 | -17,000,000 | -24,000,000 | -81,000,000 | -5,000,000 | -40,000,000 | -77,000,000 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment costs | -45,000,000 | 0 | -197,000,000 | 0 | 0 | -10,000,000 | -31,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 4,536,000,000 | 1,102,000,000 | 2,980,000,000 | 47,000,000 | 0 | 1,313,000,000 | 1,735,000,000 | 0 | 1,945,000,000 | 186,000,000 | 830,000,000 | 3,875,000,000 | 0 | 987,000,000 | 2,347,000,000 | 2,920,000,000 | 0 | 4,980,000,000 | 3,552,000,000 | 4,794,000,000 | 5,851,000,000 | 823,000,000 | 0 | 283,000,000 | 1,439,000,000 | 924,000,000 | 0 | 1,149,000,000 | 469,000,000 | 0 | 0 | 367,000,000 | 100,000,000 | 110,000,000 | 379,000,000 | 555,000,000 | 1,569,000,000 | 0 | 0 | 472,000,000 | 0 | 850,000,000 | 0 | 837,000,000 | 1,000,000,000 | 0 | 1,158,000,000 | 2,197,000,000 | 1,650,000,000 | ||||||||||||||||||
dividends paid | -208,000,000 | 0 | 0 | -345,000,000 | -344,000,000 | -347,000,000 | -346,000,000 | -348,000,000 | -352,000,000 | -357,000,000 | -323,000,000 | -323,000,000 | -290,000,000 | -290,000,000 | -253,000,000 | -254,000,000 | -262,000,000 | -227,000,000 | -232,000,000 | -232,000,000 | -196,000,000 | -194,000,000 | -194,000,000 | -194,000,000 | -194,000,000 | -194,000,000 | -194,000,000 | -193,000,000 | -195,000,000 | -582,000,000 | -196,000,000 | -194,000,000 | -194,000,000 | -197,000,000 | -197,000,000 | -198,000,000 | -79,000,000 | -79,000,000 | -79,000,000 | 0 | 0 | 0 | -314,000,000 | -316,000,000 | -315,000,000 | -314,000,000 | -316,000,000 | ||||||||||||||||||||
net cash from financing activities | -1,166,000,000 | -1,144,000,000 | -521,000,000 | -690,000,000 | -631,000,000 | -770,000,000 | -1,420,000,000 | 237,000,000 | -860,000,000 | -2,677,000,000 | -1,663,000,000 | 111,000,000 | 360,000,000 | 754,000,000 | 735,000,000 | 1,728,000,000 | 376,000,000 | -693,000,000 | 5,216,000,000 | 4,951,000,000 | 4,274,000,000 | 8,336,000,000 | 1,089,000,000 | -886,000,000 | -638,000,000 | 612,000,000 | 247,000,000 | -1,368,000,000 | 89,000,000 | -428,000,000 | -448,000,000 | -1,069,000,000 | -320,000,000 | -615,000,000 | -1,045,000,000 | -434,000,000 | -947,000,000 | 567,000,000 | -648,000,000 | -1,012,000,000 | 151,000,000 | -669,000,000 | -357,000,000 | -162,000,000 | -751,000,000 | -113,000,000 | 287,000,000 | -203,000,000 | -1,220,000,000 | 533,000,000 | -50,000,000 | -485,000,000 | -549,000,000 | 171,000,000 | -230,000,000 | -77,000,000 | -752,000,000 | -551,000,000 | 976,000,000 | -216,000,000 | -211,000,000 | 354,000,000 | -20,000,000 | -57,000,000 | -34,000,000 | -128,000,000 | -96,000,000 |
effect of exchange rate changes on cash, cash equivalents and restricted cash | -2,000,000 | 6,000,000 | 30,000,000 | -6,000,000 | -18,000,000 | 16,000,000 | -3,000,000 | -3,000,000 | -8,000,000 | 19,000,000 | 8,000,000 | -2,000,000 | -12,000,000 | -32,000,000 | -27,000,000 | -8,000,000 | -6,000,000 | 5,000,000 | 14,000,000 | -10,000,000 | 62,000,000 | 8,000,000 | -7,000,000 | -6,000,000 | -6,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -501,000,000 | -380,000,000 | 1,316,000,000 | -376,000,000 | -311,000,000 | -126,000,000 | -605,000,000 | -162,000,000 | -435,000,000 | -1,636,000,000 | -984,000,000 | -546,000,000 | -1,070,000,000 | 18,000,000 | 636,000,000 | -2,524,000,000 | 111,000,000 | -2,612,000,000 | 138,000,000 | 1,500,000,000 | 1,295,000,000 | 5,528,000,000 | 838,000,000 | -46,000,000 | 551,000,000 | -331,000,000 | |||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 1,958,000,000 | 0 | 0 | 1,231,000,000 | 0 | 0 | 2,436,000,000 | 0 | 0 | 6,037,000,000 | 0 | 0 | 8,976,000,000 | 0 | 0 | 9,692,000,000 | 0 | 0 | 530,000,000 | 0 | 0 | 996,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 1,457,000,000 | -379,000,000 | 1,315,000,000 | 856,000,000 | -126,000,000 | -605,000,000 | 2,274,000,000 | -1,637,000,000 | -984,000,000 | 5,491,000,000 | 18,000,000 | 637,000,000 | 6,452,000,000 | 111,000,000 | -2,611,000,000 | 9,829,000,000 | 1,295,000,000 | 5,528,000,000 | 1,368,000,000 | -45,000,000 | 550,000,000 | 665,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
impairments | 2,000,000 | 462,000,000 | 0 | 0 | 8,000,000 | 475,000,000 | 49,000,000 | 17,000,000 | 138,000,000 | 910,000,000 | 1,953,000,000 | 1,062,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from equity-method investments | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of ships | 0 | -33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of ships and other | 0 | 301,000,000 | 11,000,000 | 15,000,000 | 0 | 37,000,000 | 18,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from equity-method investments | 2,000,000 | -6,000,000 | -10,000,000 | 4,000,000 | 3,000,000 | -11,000,000 | 16,000,000 | 11,000,000 | -15,000,000 | 11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | 0 | 0 | 0 | -315,000,000 | -1,000,000 | -831,000,000 | -1,840,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of short-term investments | 0 | 151,000,000 | 1,559,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of short-term borrowings | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock under the stock swap program | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock under the stock swap program | 0 | 0 | -5,000,000 | 0 | -59,000,000 | -23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash lease expense | 38,000,000 | 33,000,000 | 34,000,000 | 36,000,000 | 37,000,000 | 37,000,000 | 35,000,000 | 45,000,000 | 35,000,000 | 34,000,000 | 34,000,000 | 35,000,000 | 35,000,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of ships | 5,000,000 | 232,000,000 | 23,000,000 | 9,000,000 | 63,000,000 | 35,000,000 | 10,000,000 | 226,000,000 | 9,000,000 | 107,000,000 | 180,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on debt extinguishment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on sales of ships | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of minority interest | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on ship sales and other | 40,000,000 | 30,000,000 | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | 0 | 1,150,000,000 | 15,000,000 | 15,000,000 | 7,000,000 | -1,000,000 | 997,000,000 | 2,471,000,000 | 220,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock under the stock swap program | 6,000,000 | 0 | 62,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issue costs and other | -41,000,000 | -40,000,000 | -37,000,000 | -6,000,000 | -25,000,000 | -86,000,000 | -135,000,000 | -11,000,000 | -93,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other | -57,000,000 | -158,000,000 | -321,000,000 | -351,000,000 | -44,000,000 | -525,000,000 | -433,000,000 | -263,000,000 | -218,000,000 | -162,000,000 | 291,000,000 | -120,000,000 | 82,000,000 | -148,000,000 | -154,000,000 | -2,000,000 | 17,000,000 | -39,000,000 | 98,000,000 | -12,000,000 | 27,000,000 | 6,000,000 | -21,000,000 | 7,000,000 | 36,000,000 | -4,000,000 | 27,000,000 | -44,000,000 | 8,000,000 | -5,000,000 | 57,000,000 | -28,000,000 | -34,000,000 | 12,000,000 | 10,000,000 | 38,000,000 | -19,000,000 | -47,000,000 | |||||||||||||||||||||||||||||
proceeds from (repayments of) short-term borrowings | -2,476,000,000 | 0 | -66,000,000 | -48,000,000 | 0 | -289,000,000 | -192,000,000 | 2,554,000,000 | 779,000,000 | -243,000,000 | 235,000,000 | 611,000,000 | -78,000,000 | -138,000,000 | 5,000,000 | 257,000,000 | 326,000,000 | -402,000,000 | -107,000,000 | 809,000,000 | 70,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
premium paid on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative settlements and other | 28,000,000 | 16,000,000 | -6,000,000 | -2,000,000 | -44,000,000 | 17,000,000 | -130,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock under the stock swap program | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | 0 | 0 | 0 | -12,000,000 | -156,000,000 | -42,000,000 | -274,000,000 | -263,000,000 | -692,000,000 | -295,000,000 | -218,000,000 | -247,000,000 | -153,000,000 | -83,000,000 | -69,000,000 | -709,000,000 | -485,000,000 | -916,000,000 | -367,000,000 | 0 | 0 | -25,000,000 | -113,000,000 | -166,000,000 | -10,000,000 | -209,000,000 | -246,000,000 | -59,000,000 | 0 | -9,000,000 | 1,000,000 | 0 | 0 | -84,000,000 | |||||||||||||||||||||||||||||||||
gains on fuel derivatives | -16,000,000 | -21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on repurchases of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on ship sales and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on repurchase of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on ship sales and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of fuel derivative settlements | 0 | 0 | -6,000,000 | -2,000,000 | -3,000,000 | -13,000,000 | -21,000,000 | -46,000,000 | -58,000,000 | -47,000,000 | -52,000,000 | -61,000,000 | -82,000,000 | -88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(repayments of) proceeds from short-term borrowings | -81,000,000 | 306,000,000 | -289,000,000 | -8,000,000 | -268,000,000 | -408,000,000 | -63,000,000 | -140,000,000 | -115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on fuel derivatives | 2,000,000 | -4,000,000 | -54,000,000 | -8,000,000 | 54,000,000 | -27,000,000 | 37,000,000 | -171,000,000 | 236,000,000 | 198,000,000 | 197,000,000 | 12,000,000 | 169,000,000 | -10,000,000 | 16,000,000 | 31,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
accrued and other liabilities | 3,000,000 | 79,000,000 | -9,000,000 | -75,000,000 | 10,000,000 | 27,000,000 | -16,000,000 | 37,000,000 | -89,000,000 | -6,000,000 | 92,000,000 | 19,000,000 | -24,000,000 | -74,000,000 | -87,000,000 | 84,000,000 | 103,000,000 | -63,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
sales of treasury stock | 0 | 0 | 40,000,000 | 97,000,000 | 0 | 0 | 0 | 35,000,000 | 11,000,000 | 217,000,000 | 255,000,000 | 62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -8,000,000 | 5,000,000 | -10,000,000 | 12,000,000 | 0 | -3,000,000 | 23,000,000 | -9,000,000 | 8,000,000 | 6,000,000 | -9,000,000 | -16,000,000 | -14,000,000 | -32,000,000 | 1,000,000 | -9,000,000 | 2,000,000 | -7,000,000 | 6,000,000 | 14,000,000 | -3,000,000 | -18,000,000 | 14,000,000 | -32,000,000 | -3,000,000 | -9,000,000 | -8,000,000 | -1,000,000 | 12,000,000 | 10,000,000 | 37,000,000 | -28,000,000 | -41,000,000 | -4,000,000 | 5,000,000 | 37,000,000 | -15,000,000 | -56,000,000 | -90,000,000 | 25,000,000 | 7,000,000 | ||||||||||||||||||||||||||
net increase in cash and cash equivalents | 456,000,000 | -527,000,000 | 600,000,000 | 58,000,000 | 856,000,000 | 93,000,000 | -78,000,000 | -41,000,000 | -519,000,000 | 270,000,000 | 235,000,000 | 11,000,000 | -332,000,000 | 429,000,000 | 21,000,000 | 20,000,000 | -127,000,000 | 92,000,000 | 36,000,000 | -67,000,000 | -159,000,000 | 215,000,000 | 491,000,000 | -122,000,000 | -43,000,000 | -196,000,000 | 22,000,000 | 23,000,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 395,000,000 | 0 | 0 | 603,000,000 | 0 | 0 | 1,395,000,000 | 0 | 0 | 331,000,000 | 0 | 0 | 462,000,000 | 0 | 0 | 465,000,000 | 0 | 0 | 450,000,000 | 0 | 0 | 429,000,000 | 0 | 0 | 538,000,000 | 0 | 0 | 650,000,000 | 0 | 0 | 943,000,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -527,000,000 | 600,000,000 | 453,000,000 | -108,000,000 | 160,000,000 | 437,000,000 | -57,000,000 | -259,000,000 | 778,000,000 | 241,000,000 | 18,000,000 | 280,000,000 | 93,000,000 | -78,000,000 | 421,000,000 | 270,000,000 | 235,000,000 | 476,000,000 | -332,000,000 | 429,000,000 | 471,000,000 | -127,000,000 | 92,000,000 | 465,000,000 | -67,000,000 | -159,000,000 | 753,000,000 | 491,000,000 | -122,000,000 | 607,000,000 | -196,000,000 | 22,000,000 | 966,000,000 | ||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | 235,000,000 | 210,000,000 | 344,000,000 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | -437,000,000 | -1,447,000,000 | -412,000,000 | -450,000,000 | -1,636,000,000 | -330,000,000 | -590,000,000 | -323,000,000 | -439,000,000 | -942,000,000 | -348,000,000 | -976,000,000 | -353,000,000 | -337,000,000 | -365,000,000 | -1,206,000,000 | -241,000,000 | -167,000,000 | -1,730,000,000 | -267,000,000 | -261,000,000 | -813,000,000 | -1,450,000,000 | -172,000,000 | -741,000,000 | -670,000,000 | -306,000,000 | -630,000,000 | -1,130,000,000 | -1,335,000,000 | -258,000,000 | ||||||||||||||||||||||||||||||||||||
collateral proceeds for fuel derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -108,000,000 | 160,000,000 | -166,000,000 | -259,000,000 | -617,000,000 | 18,000,000 | -51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collateral payments for fuel derivatives | 32,000,000 | -57,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance recoverables, prepaid expenses and other | -10,000,000 | -14,000,000 | 16,000,000 | -12,000,000 | 37,000,000 | 33,000,000 | 41,000,000 | 20,000,000 | 201,000,000 | 98,000,000 | 103,000,000 | 125,000,000 | 68,000,000 | 133,000,000 | 76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on ship sales and ship impairments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of ships | 0 | 0 | 0 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on ship sales and ship impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
claims reserves and accrued and other liabilities | -14,000,000 | 30,000,000 | -35,000,000 | -160,000,000 | -94,000,000 | -125,000,000 | -198,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(payments) receipts of fuel derivative settlements | -44,000,000 | -53,000,000 | -42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) on ship sales and ship impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gains) on ship sales and ship impairments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trademark and other impairment charges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on ship sales including impairments | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill, trademark and other impairment charges | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds for the ship | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on fuel derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized losses on fuel derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ibero goodwill and trademark impairment charges | 0 | 0 | 173,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
claims reserves, accrued and other liabilities | -116,000,000 | -23,000,000 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of revolvers | 0 | 0 | -11,000,000 | -2,000,000 | -9,000,000 | -18,000,000 | -65,000,000 | -258,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolvers | 0 | 0 | 0 | 8,000,000 | 5,000,000 | 0 | 5,000,000 | 84,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of other long-term debt | -216,000,000 | -701,000,000 | -185,000,000 | -135,000,000 | -761,000,000 | -285,000,000 | -578,000,000 | -218,000,000 | -966,000,000 | -91,000,000 | -125,000,000 | -91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of other long-term debt | 706,000,000 | 0 | 474,000,000 | 0 | 253,000,000 | 553,000,000 | 748,000,000 | 564,000,000 | 787,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of foreign currency swaps | 0 | 0 | 0 | 113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, excluding businesses acquired and sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of short-term investments | 1,000,000 | 0 | 4,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired and sales of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of revolver | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolver | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of minority interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of revolving credit facility | 573,000,000 | -1,455,000,000 | -858,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | -1,284,000,000 | 1,321,000,000 | 1,048,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal repayments of facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from facility | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 2,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of assets and businesses |