Carnival Corporation & plc (CCL) quarterly cash flow statement — complete operating, investing & financing history
Carnival Corporation & plc (CCL) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 1.41B | 2.63B | 1.26B | 1.52B | 1.38B | 2.39B | 925M | 911M | 1.21B | 2.04B | 1.77B | 922M | 1.83B | 1.14B | 388M | -117M | -344M | 3M | -1.21B | -368M |
| Operating CF Margin % | 16.72% | 39.47% | 20.49% | 23.98% | 16.96% | 37.8% | 15.92% | 15.34% | 15.26% | 35.27% | 32.72% | 17.09% | 26.76% | 23.15% | 8.75% | -3.05% | -7.99% | 0.12% | -74.68% | -28.59% |
| Operating CF Growth % | 1.95% | 9.95% | 36.54% | 66.63% | 14.77% | 17.31% | -47.71% | -1.19% | -34.3% | 79.33% | 355.93% | 888.03% | 633.14% | 37800% | 132.01% | 68.21% | 60.86% | 100.22% | 19.36% | 77.72% |
| Net Income | 1.92B | 538M | 263M | 422M | 1.85B | 564M | -78M | 303M | 1.74B | 91M | -214M | -48M | 1.07B | -407M | -693M | -1.6B | -769M | -1.83B | -1.89B | -2.62B |
| Depreciation & Amortization | 754M | 723M | 696M | 726M | 718M | 692M | 654M | 659M | 651M | 634M | 613M | 596M | 595M | 597M | 582M | 568M | 581M | 572M | 554M | 552M |
| Stock-Based Compensation | 23M | 22M | 28M | 28M | 25M | 27M | 18M | 15M | 17M | 19M | 11M | 10M | 12M | 22M | 9M | 22M | 25M | 28M | 26M | 26M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.36B | -36M | 31M | 38M | 0 | 0 | 0 | 0 | 0 | 598M |
| Other Non-Cash Items | 149M | 1.47B | 155M | 147M | 178M | 40M | 350M | 58M | 108M | 142M | 1.48B | 90M | 116M | 70M | 98M | 612M | 103M | 65M | 104M | 211M |
| Working Capital Changes | -1.44B | -121M | 121M | 195M | -1.39B | 1.07B | -19M | -124M | -1.31B | 1.15B | 1.24B | 310M | 6M | 817M | 392M | 279M | -284M | 1.17B | -5M | 865M |
| Change in Receivables | -21M | 25M | 17M | -21M | -85M | -11M | 33M | 23M | -110M | 144M | -106M | 234M | 921M | -641M | -121M | -37M | -134M | -98M | -22M | 324M |
| Change in Inventory | 22M | -45M | -3M | -33M | 2M | 50M | -17M | -24M | 19M | 21M | -7M | -42M | -37M | 13M | -19M | -8M | -8M | -42M | -37M | -44M |
| Change in Payables | -11M | 29M | -33M | 46M | 25M | 21M | -31M | 32M | -6M | -41M | -11M | 46M | 54M | 12M | -35M | 107M | 37M | 163M | -24M | 191M |
| Cash from Investing | -702M | -884M | -597M | -1.51B | -624M | -586M | -605M | -574M | -577M | -1.22B | -2.16B | -488M | -813M | -465M | -1.04B | -1.3B | -360M | -75M | -3.03B | -8M |
| Capital Expenditures | -698M | -875M | -566M | -1.51B | -647M | -851M | -607M | -592M | -577M | -1.32B | -2.14B | -675M | -837M | -697M | -1.07B | -1.18B | -538M | -491M | -2.73B | -487M |
| CapEx % of Revenue | 8.28% | 13.13% | 9.18% | 23.79% | 7.94% | 13.45% | 10.45% | 9.97% | 7.31% | 22.82% | 39.54% | 12.51% | 12.21% | 14.19% | 24.25% | 30.76% | 12.49% | 20.45% | 168.21% | 37.84% |
| Acquisitions | 0 | 0 | 0 | 11M | 0 | 0 | 0 | 0 | 16M | 0 | 0 | 80M | 5M | 0 | 23M | 15M | -1M | 37M | 18M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -4M | -9M | -31M | -11M | 23M | 265M | 2M | 18M | -16M | 98M | -25M | 107M | 19M | 232M | 8M | -81M | 28M | 9M | 1M | 1M |
| Cash from Financing | -1.73B | -938M | -1.17B | 166M | -1.14B | -521M | -690M | -631M | -770M | -1.42B | 237M | -860M | -2.68B | -1.66B | 111M | 360M | 754M | 735M | 1.73B | 2.05B |
| Debt Issued (Net) | -939M | 0 | -945M | 198M | -1.1B | -531M | -468M | -550M | -772M | -1.37B | 345M | -847M | -2.71B | -1.43B | 151M | 397M | -389M | 806M | 1.8B | 2.69B |
| Equity Issued (Net) | -548M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20M | 0 | 1M | 1.15B | -59M | 15M | -94M |
| Dividends Paid | -204M | -206M | -208M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -548M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20M | 0 | -5M | 0 | -59M | 0 | -94M |
| Other Financing | -37M | -732M | -13M | -32M | -41M | 10M | -222M | -81M | 2M | -51M | -108M | -13M | 28M | -214M | -40M | -38M | -7M | -12M | -83M | -549M |
| Net Change in Cash | -1.02B | 803M | -501M | 165M | -379M | 1.31B | -375M | -312M | -126M | -605M | -152M | -434M | -1.64B | -984M | -546M | -1.07B | 18M | 637M | -2.52B | 1.65B |
| Free Cash Flow | 712M | 1.75B | 697M | 12M | 736M | 1.54B | 318M | 319M | 628M | 720M | -369M | 247M | 997M | 440M | -687M | -1.3B | -882M | -488M | -3.94B | -855M |
| FCF Margin % | 8.44% | 26.34% | 11.31% | 0.19% | 9.03% | 24.35% | 5.47% | 5.37% | 7.95% | 12.45% | -6.82% | 4.58% | 14.55% | 8.96% | -15.5% | -33.81% | -20.48% | -20.32% | -242.88% | -66.43% |
| FCF Growth % | -3.26% | 13.89% | 119.18% | -96.24% | 17.2% | 114.03% | 186.18% | 29.15% | -37.01% | 63.64% | 46.29% | 119.03% | 213.04% | 190.16% | 82.57% | -51.81% | 52.12% | 71.99% | -20.29% | 74.65% |
| FCF per Share | 0.52 | 1.26 | 0.50 | 0.01 | 0.52 | 1.10 | 0.24 | 0.23 | 0.45 | 0.57 | -0.29 | 0.20 | 0.71 | 0.35 | -0.55 | -1.03 | -0.74 | -0.43 | -3.47 | -0.75 |
| FCF Conversion (FCF/Net Income) | 0.73x | 4.90x | 4.90x | 3.60x | 0.75x | 4.23x | -11.86x | 3.01x | 0.69x | 22.16x | -8.27x | -19.21x | 1.71x | -2.79x | -0.56x | 0.07x | 0.45x | -0.00x | 0.64x | 0.14x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |