Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities    
Net income (loss) $ (97,500) $ 3,284
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 55,480 52,470
Loss (gain) on derivatives 112 (3,766)
Deferred income taxes, net 2,043  
Write-off of deferred financing fees 14,042  
Share-based compensation expense 18,753 165
Premium on debt issuance   6,000
Changes in operating assets and liabilities:    
Accounts receivable, net 1,675 172
Inventories (2,610) (3,440)
Prepaid expenses and other assets 488 (3,630)
Accounts payable (11,427) (8,052)
Accrued expenses and other liabilities (8,307) 32,156
Advance ticket sales 109,346 83,075
Net cash provided by operating activities 82,095 158,434
Cash flows from investing activities    
Additions to property and equipment and other (85,152) (24,333)
Net cash used in investing activities (85,152) (24,333)
Cash flows from financing activities    
Repayments of long-term debt (1,093,009) (277,776)
Repayment to Affiliate (79,651)  
Proceeds from long-term debt 744,525 151,005
Proceeds from the issuance of ordinary shares, net 473,017  
Other, primarily deferred financing fees (6,124) (2,283)
Net cash provided by (used in) financing activities 38,758 (129,054)
Net increase in cash and cash equivalents 35,701 5,047
Cash and cash equivalents at beginning of period 45,500 58,926
Cash and cash equivalents at end of period $ 81,201 $ 63,973