Carnival Cruises 2007 Annual Report Download - page 9
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CONSOLIDATED BALANCE SHEETS
6 | CARNIVAL CORPORATION & PLC
November 30,
(in millions, except par values) 2007 2006
ASSETS
Current Assets
Cash and cash equivalents ................................................................ $ 943 $ 1,163
Trade and other receivables, net ............................................................ 436 280
Inventories ............................................................................. 331 263
Prepaid expenses and other ............................................................... 266 289
Total current assets .................................................................... 1,976 1,995
Property and Equipment, Net .............................................................. 26,639 23,458
Goodwill. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,610 3,313
Trademarks ............................................................................. 1,393 1,321
Other Assets ............................................................................ 563 465
$ 34,181 $ 30,552
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Short-term borrowings ................................................................... $ 115 $ 438
Current portion of long-term debt ........................................................... 1,028 1,054
Convertible debt subject to current put options ................................................ 1,396
Accounts payable ....................................................................... 561 438
Accrued liabilities and other ............................................................... 1,353 1,149
Customer deposits ...................................................................... 2,807 2,336
Total current liabilities .................................................................. 7,260 5,415
Long-Term Debt ......................................................................... 6,313 6,355
Other Long-Term Liabilities and Deferred Income ............................................ 645 572
Commitments and Contingencies (Notes 6 and 7)
Shareholders’ Equity
Common stock of Carnival Corporation; $.01 par value; 1,960 shares authorized;
643 shares at 2007 and 641 shares at 2006 issued ........................................... 6 6
Ordinary shares of Carnival plc; $1.66 par value; 226 shares authorized;
213 shares at 2007 and 2006 issued ...................................................... 354 354
Additional paid-in capital .................................................................. 7,599 7,479
Retained earnings ....................................................................... 12,921 11,600
Accumulated other comprehensive income ................................................... 1,296 661
Treasury stock; 19 shares at 2007 and 18 shares at 2006 of Carnival Corporation and
50 shares at 2007 and 42 shares at 2006 of Carnival plc, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,213 ) (1,890)
Total shareholders’ equity ............................................................. 19,963 18,210
$ 34,181 $ 30,552
The accompanying notes are an integral part of these consolidated financial statements.