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Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
For the three months ended in Feb. 2024, Carnival's Net Income From Continuing Operations was $-214 Mil. Its Depreciation, Depletion and Amortization was $613 Mil. Its Change In Working Capital was $1,237 Mil. Its cash flow from deferred tax was $0 Mil. Its Cash from Discontinued Operating Activities was $0 Mil. Its Asset Impairment Charge was $0 Mil. Its Stock Based Compensation was $11 Mil. And its Cash Flow from Others was $121 Mil. In all, Carnival's Cash Flow from Operations for the three months ended in Feb. 2024 was $1,768 Mil.
The historical data trend for Carnival's Cash Flow from Operations can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carnival Annual Data | |||||||||||||||||||||
Trend | Nov14 | Nov15 | Nov16 | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | Nov22 | Nov23 | |||||||||||
Cash Flow from Operations | Get a 7-Day Free Trial | 5,475.00 | -6,301.00 | -4,109.00 | -1,670.00 | 4,281.00 |
Carnival Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Cash Flow from Operations | Get a 7-Day Free Trial | 388.00 | 1,137.00 | 1,834.00 | 922.00 | 1,768.00 |
Cash flow from operations refers to the cash brought in through a company's normal business operations. It is the cash flow before any investment or financing activities. It is the cash version of net income.
Carnival's Cash Flow from Operations for the fiscal year that ended in Nov. 2023 is calculated as:
Cash Flow from Operations | (A: Nov. 2023 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | -74 | + | 2370 | + | 1525 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 21 | + | 53 | + | 386 |
= | 4,281 |
Carnival's Cash Flow from Operations for the quarter that ended in Feb. 2024 is:
Cash Flow from Operations | (Q: Feb. 2024 ) | ||||||
= | Net Income From Continuing Operations | + | Depreciation, Depletion and Amortization | + | Change In Working Capital | + | Deferred Tax |
= | -214 | + | 613 | + | 1237 | + | 0 |
+ | Cash from Discontinued Operating Activities | + | Asset Impairment Charge | + | Stock Based Compensation | + | Cash Flow from Others |
+ | 0 | + | 0 | + | 11 | + | 121 |
= | 1,768 |
Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,661 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Carnival (NYSE:CCL) Cash Flow from Operations Explanation
For companies reported in indirect method, cash flow from operations contains six items:
1. Net Income From Continuing Operations:
Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.
Carnival's net income from continuing operations for the three months ended in Feb. 2024 was $-214 Mil.
2. Depreciation, Depletion and Amortization:
Depreciation is a present expense that accounts for the past cost of an asset that is now providing benefits.
Depletion and amortization are synonyms for depreciation.
Generally:
The term depreciation is used when discussing man made tangible assets
The term depletion is used when discussing natural tangible assets
The term amortization is used when discussing intangible assets
Carnival's depreciation, depletion and amortization for the three months ended in Feb. 2024 was $613 Mil.
3. Change In Working Capital:
Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities. Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow.
Carnival's change in working capital for the three months ended in Feb. 2024 was $1,237 Mil. It means Carnival's working capital increased by $1,237 Mil from Nov. 2023 to Feb. 2024 .
4. Deferred Tax:
It is the cash flow generated from deferred tax.
Carnival's cash flow from deferred tax for the three months ended in Feb. 2024 was $0 Mil.
5. Cash from Discontinued Operating Activities:
Net cash from all of the entity's discontinued operating activities.
Carnival's cash from discontinued operating Activities for the three months ended in Feb. 2024 was $0 Mil.
6. Asset Impairment Charge:
It is the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.
Carnival's asset impairment charge for the three months ended in Feb. 2024 was $0 Mil.
7. Stock Based Compensation:
It is a way corporations use stock options to reward employees. It provides executives and employees the opportunity to share in the growth of the company and, if structured properly, can align their interests with the interests of the company's shareholders and investors, without burning the company's cash on hand.
Carnival's stock based compensation for the three months ended in Feb. 2024 was $11 Mil.
8. Cash Flow from Others:
These are cash differences caused by the change of inventory, accounts payable, accounts receivable etc. For instance, if a company pays its suppliers slower, its cash position will build up faster. If a company receives payments from its customers slower, its account receivables will rise, and its cash position will grow more slowly (or even shrink).
Carnival's cash flow from others for the three months ended in Feb. 2024 was $121 Mil.
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David Bernstein | officer: Sr. Vice President & CFO | 3655 NW 87TH AVENUE, MIAMI FL 33178 |
Randall J Weisenburger | director | C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019 |
Bettina Alejandra Deynes | officer: Chief Human Resources Officer | 92 SW 3RD STREET, UNIT 4812, MIAMI FL 33130 |
Bessemer Trust Co Of Delaware, N.a. | 10 percent owner, other: See Remarks | 20 MONTCHANIN ROAD, SUITE 1500, WILMINGTON DE 19807 |
Sara Mathew | director | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
William Richard Burke | officer: Chief Maritime Officer | 6301 COLLINS AVENUE, APT. 1903, MIAMI BEACH FL 33141 |
Joshua Ian Weinstein | director, officer: President & CEO | 3273 COACOOCHEE STREET, MIAMI FL 33133 |
Arnold W Donald | director | C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178 |
Enrique Miguez | officer: General Counsel | 3600 DURANGO STREET, CORAL GABLES FL 33134 |
Arnaldo Perez | officer: Sr. VP, General Counsel & Sec. | 3655 NW 87TH AVE, C/O CARNIVAL CORP, MIAMI FL 33178-2428 |
Peter C. Anderson | officer: Chief Ethics & Compliance | 1541 BRICKELL AVENUE, UNIT B-2604, MIAMI FL 33129 |
Ma 1994 B Shares Lp | other: See Remarks | 1201 NORTH MARKET ST, WILMINGTON DE 19899-1347 |
Micky Meir Arison | director, officer: Chairman & CEO | C/O PAUL BERKOWITZ GREENBERG TRAURIG, 333 S.E. 2ND AVENUE, MIAMI FL 33131 |
Richard Glasier | director | 219 PIASA ST, ALTON IL 62002 |
Jeffrey J Gearhart | director | 702 SOUTHWEST 8TH STREET, BENTONVILLE AR 72716-0215 |
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