Carnival Cruises 2009 Annual Report Download - page 7

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CARNIVAL CORPORATION & PLC
CONSOLIDATED BALANCE SHEETS
(in millions, except par values)
November 30,
2009 2008
ASSETS
Current Assets
Cash and cash equivalents ................................................... $ 538 $ 650
Trade and other receivables, net .............................................. 362 418
Inventories ............................................................... 320 315
Prepaid expenses and other .................................................. 298 267
Total current assets ...................................................... 1,518 1,650
Property and Equipment, Net ................................................ 29,870 26,457
Goodwill .................................................................. 3,451 3,266
Trademarks ............................................................... 1,346 1,294
Other Assets ............................................................... 650 733
$36,835 $33,400
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings ..................................................... $ 135 $ 256
Current portion of long-term debt ............................................. 815 1,081
Convertible debt subject to current put option ................................... 271
Accounts payable ......................................................... 568 512
Accrued liabilities and other ................................................. 874 1,142
Customer deposits ......................................................... 2,575 2,519
Total current liabilities ................................................... 4,967 5,781
Long-Term Debt ........................................................... 9,097 7,735
Other Long-Term Liabilities and Deferred Income .............................. 736 786
Commitments and Contingencies (Notes 6 and 7)
Shareholders’ Equity
Common stock of Carnival Corporation; $.01 par value; 1,960 shares authorized;
644 shares at 2009 and 643 shares at 2008 issued .............................. 6 6
Ordinary shares of Carnival plc; $1.66 par value; 226 shares authorized; 213 shares at
2009 and 2008 issued .................................................... 354 354
Additional paid-in capital ................................................... 7,707 7,677
Retained earnings ......................................................... 15,770 13,980
Accumulated other comprehensive income (loss) ................................ 462 (623)
Treasury stock; 24 shares at 2009 and 19 shares at 2008 of Carnival Corporation and
46 shares at 2009 and 52 shares at 2008 of Carnival plc, at cost ................... (2,264) (2,296)
Total shareholders’ equity ................................................. 22,035 19,098
$36,835 $33,400
The accompanying notes are an integral part of these consolidated financial statements.
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