Carnival Corporation Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.76B | $1.92B | $-74.0M | $-6.09B | $-9.50B | $-10.24B | $2.99B | $3.15B |
| Depreciation & Amortization | $2.79B | $2.56B | $2.37B | $2.28B | $2.23B | $2.24B | $2.16B | $2.02B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $98.0M | $62.0M | $53.0M | $101.0M | $121.0M | $105.0M | $46.0M | $65.0M |
| Net Cash from Operating Activities | $6.22B | $5.92B | $4.28B | $-1.67B | $-4.11B | $-6.30B | $5.48B | $5.55B |
| Investing Activities | ||||||||
| Capital Expenditures | $3.61B | $4.63B | $3.28B | $4.94B | $3.61B | $3.62B | $5.43B | $3.75B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.32B | $-4.54B | $-2.81B | $-4.77B | $-3.54B | $-3.24B | $-5.28B | $-3.51B |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $0 | $0 | $689.0M | $1.39B | $1.36B |
| Stock Repurchases | — | — | — | $0 | $0 | $12.0M | $603.0M | $1.47B |
| Net Cash from Financing Activities | $-2.19B | $-2.58B | $-5.09B | $3.58B | $6.95B | $18.65B | $-655.0M | $-1.46B |
| Net Change in Cash | $727.0M | $-1.20B | $-3.60B | $-2.94B | $-715.0M | $9.16B | $-465.0M | $587.0M |
| Free Cash Flow | $2.61B | $1.30B | $997.0M | $-6.61B | $-7.72B | $-9.92B | $46.0M | $1.80B |