Royal Caribbean Cruise Lines 2014 Annual Report Download - page 72
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Royal Caribbean Cruises Ltd. 71
CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 31,
(in thousands)
Operating Activities
Net income
Adjustments:
Depreciation and amortization
Impairment of Pullmantur related assets — —
Restructuring related impairments — —
Net deferred income tax (benefit) expense () ()
Loss on sale of ship — —
Loss (gain) on derivative instruments not designated as hedges ()
Loss on extinguishment of unsecured senior notes —
Changes in operating assets and liabilities:
Decrease in trade and other receivables, net
Decrease (increase) in inventories () ()
Decrease (increase) in prepaid expenses and other assets () ()
(Decrease) increase in accounts payable ()
Decrease in accrued interest () () ()
Increase (decrease) in accrued expenses and other liabilities ()
Increase in customer deposits
Cash received on settlement of derivative financial instruments — —
Dividends received from unconsolidated affiliates —
Other, net ()
Net cash provided by operating activities
Investing Activities
Purchases of property and equipment () () ()
Cash paid on settlement of derivative financial instruments () () ()
Investments in and loans to unconsolidated affiliates () () —
Cash 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 () () ()
Purchase of treasury stock () — —
Dividends paid () () ()
Proceeds from exercise of common stock options
Cash received on settlement of derivative financial instruments — —
Other, net
Net cash provided by (used in) 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
Non-Cash Investing Activities
Purchase of property and equipment through asset trade-in — —
The accompanying notes are an integral part of these consolidated financial statements.