Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities    
Net income (loss) $ 164,971 $ (106,415)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 141,228 115,946
Gain on derivatives (62) (270)
Deferred income taxes, net 2,786 2,968
Write-off of deferred financing fees   36,357
Share-based compensation expense 5,079 19,356
Changes in operating assets and liabilities:    
Accounts receivable, net (8,885) (1,308)
Inventories (8,851) (5,748)
Prepaid expenses and other assets (8,943) 961
Accounts payable 15,967 17,974
Accrued expenses and other liabilities 20,905 (14,909)
Advance ticket sales 194,913 187,868
Net cash provided by operating activities 519,108 252,780
Cash flows from investing activities    
Additions to property and equipment (787,566) (759,020)
Net cash used in investing activities (787,566) (759,020)
Cash flows from financing activities    
Repayments of long-term debt (540,237) (2,081,520)
Repayments to Affiliate (18,521) (98,171)
Proceeds from long-term debt 914,545 2,289,253
Proceeds from the issuance of ordinary shares, net   473,017
Proceeds from the exercise of share options 2,158  
Purchases of treasury shares (79,155)  
NCLC partnership tax distributions (3,115)  
Other (201) (38,999)
Net cash provided by financing activities 275,474 543,580
Net increase in cash and cash equivalents 7,016 37,340
Cash and cash equivalents at beginning of period 56,467 45,500
Cash and cash equivalents at end of period $ 63,483 $ 82,840