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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 368,249 $ 66,479
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 213,306 180,143
Loss (gain) on derivatives 129 (195)
Deferred income taxes, net (3,238) 11,026
Write-off of deferred financing fees   36,357
Share-based compensation expense 9,551 21,283
Changes in operating assets and liabilities:    
Accounts receivable, net (7,676) (2,655)
Inventories (7,548) (6,220)
Prepaid expenses and other assets (4,276) (1,558)
Accounts payable 13,096 19,433
Accrued expenses and other liabilities 33,529 (5,480)
Advance ticket sales 85,602 79,730
Net cash provided by operating activities 700,724 398,343
Cash flows from investing activities    
Additions to property and equipment (864,837) (835,765)
Net cash used in investing activities (864,837) (835,765)
Cash flows from financing activities    
Repayments of long-term debt (765,948) (2,229,821)
Repayments to Affiliate (18,521) (98,171)
Proceeds from long-term debt 1,101,287 2,359,310
Proceeds from the issuance of ordinary shares, net   473,017
Proceeds from the exercise of share options 3,081 1,268
Purchases of treasury shares (82,000)  
NCLC partnership tax distributions (3,853)  
Deferred financing fees and other (70,531) (56,721)
Net cash provided by financing activities 163,515 448,882
Net increase (decrease) in cash and cash equivalents (598) 11,460
Cash and cash equivalents at beginning of period 56,467 45,500
Cash and cash equivalents at end of period $ 55,869 $ 56,960