Royal Caribbean Cruise Lines 2012 Annual Report Download - page 73
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69
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31,
(in thousands)
Operating Activities
Net income
Adjustments:
Depreciation and amortization
Impairment of Pullmantur related assets — —
Net deferred tax expense related to Pullmantur impairment — —
Loss (gain) on fuel call options ()
Loss on extinguishment of unsecured senior notes — —
Changes in operating assets and liabilities:
Decrease in trade and other receivables, net
Increase in inventories () () ()
Increase in prepaid expenses and other assets () () ()
Increase (decrease) in accounts payable ()
(Decrease) increase in accrued interest () ()
Increase in accrued expenses and other liabilities
Increase in customer deposits
Cash received on settlement of derivative financial instruments
Dividends received from unconsolidated affiliate — —
Other, net ()
Net cash provided by operating activities
Investing Activities
Purchases of property and equipment () () ()
Cash (paid) received on settlement of derivative financial instruments () ()
Loan to unconsolidated affiliate — () —
Cash payments received on loan to unconsolidated affiliate — —
Proceeds from sale of ships —
Other, net () ()
Net cash (used in) investing activities () () ()
Financing Activities
Debt proceeds
Debt issuance costs () () ()
Repayments of debt () () ()
Extinguishment of unsecured senior notes () — —
Dividends paid () () —
Proceeds from exercise of common stock options
Other, net
Net cash (used in) provided by financing activities () ()
Effect of exchange rate changes on cash () ()
Net (decrease) increase in cash and cash equivalents () ()
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Supplemental Disclosures
Cash paid during the year for:
Interest, net of amount capitalized
The accompanying notes are an integral part of these consolidated financial statements.