Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income (loss) $ (106,415) $ 39,315
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 115,946 105,742
Gain on derivatives (270) (429)
Deferred income taxes, net 2,968  
Write-off of deferred financing fees 36,357 2,358
Share-based compensation expense 19,356 330
Premium on debt issuance   6,000
Changes in operating assets and liabilities:    
Accounts receivable, net (1,308) (1,281)
Inventories (5,748) (1,552)
Prepaid expenses and other assets 961 943
Accounts payable 17,974 (11,743)
Accrued expenses and other liabilities (14,909) 10,257
Advance ticket sales 187,868 105,848
Net cash provided by operating activities 252,780 255,788
Cash flows from investing activities    
Additions to property and equipment and other (759,020) (174,973)
Net cash used in investing activities (759,020) (174,973)
Cash flows from financing activities    
Repayments of long-term debt (2,081,520) (591,152)
Repayments to Affiliate (98,171)  
Proceeds from long-term debt 2,289,253 520,205
Proceeds from the issuance of ordinary shares, net 473,017  
Other, primarily deferred financing fees (38,999) (3,093)
Net cash provided by (used in) financing activities 543,580 (74,040)
Net increase in cash and cash equivalents 37,340 6,775
Cash and cash equivalents at beginning of period 45,500 58,926
Cash and cash equivalents at end of period $ 82,840 $ 65,701