Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities    
Net income (loss) $ 51,692 $ (97,500)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 69,708 55,480
Loss (gain) on derivatives (75) 112
Deferred income taxes, net 1,027 2,043
Write-off of deferred financing fees   14,042
Share-based compensation expense 1,835 18,753
Changes in operating assets and liabilities:    
Accounts receivable, net 260 1,675
Inventories (4,391) (2,610)
Prepaid expenses and other assets (6,476) 488
Accounts payable (7,198) (11,427)
Accrued expenses and other liabilities 3,432 (8,307)
Advance ticket sales 118,320 109,346
Net cash provided by operating activities 228,134 82,095
Cash flows from investing activities    
Additions to property and equipment (746,310) (85,152)
Net cash used in investing activities (746,310) (85,152)
Cash flows from financing activities    
Repayments of long-term debt (258,125) (1,093,009)
Repayments to Affiliate   (79,651)
Proceeds from long-term debt 784,451 744,525
Proceeds from the issuance of ordinary shares, net   473,017
Proceeds from the exercise of share options 340  
Deferred financing fees and other (197) (6,124)
Net cash provided by financing activities 526,469 38,758
Net increase in cash and cash equivalents 8,293 35,701
Cash and cash equivalents at beginning of period 56,467 45,500
Cash and cash equivalents at end of period $ 64,760 $ 81,201