Royal Caribbean Cruise Lines 2013 Annual Report Download - page 76
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CONSOLIDATED STATEMENTS OF CASH FLOWS
Year Ended December 3,
(in thousands)
Operating Activities
Net income
Adjustments:
Depreciation and amortization
Impairment of Pullmantur related assets — —
Restructuring related impairments — —
Net deferred tax expense related to Pullmantur impairment — —
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
Increase in inventories () () ()
Increase in prepaid expenses and other assets () () ()
Increase in accounts payable
Decrease in accrued interest () () ()
(Decrease) increase 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) received on settlement of derivative financial instruments () ()
Investments in unconsolidated affiliates () — ()
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 () () ()
Dividends paid () () ()
Proceeds from exercise of common stock options
Other, net
Net cash used in financing activities () () ()
Effect of exchange rate changes on cash () () ()
Net increase (decrease) 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.