Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Paying user area

Try for free

Carnival Corp. & plc pages available for free this week:

The data is hidden behind: . Unhide it.

Get full access to the entire website from $10.42/mo, or
get 1-month access to Carnival Corp. & plc for $22.49.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Carnival Corp. & plc, consolidated balance sheet: assets

US$ in millions

		Nov 30, 2023		Nov 30, 2022		Nov 30, 2021		Nov 30, 2020		Nov 30, 2019		Nov 30, 2018
	Cash and cash equivalents
	Restricted cash
	Short-term investments
	Trade and other receivables, net
	Inventories
	Prepaid expenses and other
	Current assets
	Property and equipment, net
	Operating lease right-of-use assets, net
	Goodwill
	Other intangibles
	Other assets
	Long-term assets
	Total assets

Based on: 10-K (reporting date: 2023-11-30), 10-K (reporting date: 2022-11-30), 10-K (reporting date: 2021-11-30), 10-K (reporting date: 2020-11-30), 10-K (reporting date: 2019-11-30), 10-K (reporting date: 2018-11-30).

The analysis of the annual financial data reveals several notable trends and variations in asset composition and valuation over the observed period.

Cash and Cash Equivalents: This category demonstrates substantial fluctuation. After declining from 982 million in 2018 to 518 million in 2019, it surged drastically to 9,513 million in 2020, before slightly decreasing in the following years. By 2023, the amount had diminished to 2,415 million, suggesting variability in liquidity management or cash flow dynamics.
Restricted Cash: Reported from 2021 onwards, restricted cash exhibited a sharp increase in 2022 (1,988 million) before dropping to 11 million in 2023. This volatility indicates temporary constraints or designated cash usage emerging particularly in the last few years.
Short-Term Investments: Short-term investments were only recorded in 2020 with a value of 200 million, with no subsequent values reported, implying limited or discontinued activity in this asset category.
Trade and Other Receivables, Net: These receivables showed a decreasing trend from 2019 (444 million) to 2021 (246 million), followed by a steady recovery reaching 556 million by 2023. This pattern could reflect changes in sales credit policies or collection efficiency over time.
Inventories: Inventory levels decreased from 450 million in 2018 to a low of 335 million in 2020, then rose consistently to 528 million by 2023. The fluctuations may be linked to demand cycles or supply chain adjustments.
Prepaid Expenses and Other Current Assets: Starting at 435 million in 2018, prepaid expenses increased notably to 670 million in 2019, dipped in subsequent years, and then dramatically increased to 1,756 million in 2023. This volatility suggests shifting prepaid obligations or advances likely relating to operational changes.
Current Assets: There was a steep increase in current assets from 2,059 million in 2019 to 10,563 million in 2020, sustained at a similar high in 2021, before declining steadily to 5,266 million by 2023. This sharp rise and subsequent fall may be attributable to significant changes in cash and receivables or extraordinary events impacting short-term liquidity.
Property and Equipment, Net: Net property and equipment steadily increased over the entire period from 35,336 million in 2018 to 40,116 million in 2023, exhibiting a gradual expansion or reinvestment in fixed assets.
Operating Lease Right-of-Use Assets, Net: Data beginning in 2020 shows a slight but consistent decline from 1,370 million to 1,265 million by 2023, reflecting the ongoing amortization or reduction of leasehold rights.
Goodwill: Goodwill experienced a significant drop between 2019 (2,912 million) and 2020 (807 million), after which it stabilized at 579 million through 2023. This suggests impairment or disposal of acquired entities during that period.
Other Intangibles: This asset category remained relatively stable, fluctuating slightly around the 1,150 million mark, indicating consistent valuation of intangible assets.
Other Assets: Other assets showed an increasing trend from 739 million in 2018 to a peak of 2,515 million in 2022, but then dropped sharply to 725 million in 2023. This suggests variability in non-core or miscellaneous asset components.
Long-Term Assets: Long-term assets increased overall from 40,176 million in 2018 to 44,211 million in 2022, with a modest decline to 43,854 million in 2023, reflecting steady growth and minor divestitures.
Total Assets: Total assets followed an upward trajectory from 2018, peaking at 53,593 million in 2020, then gradually decreasing to 49,120 million in 2023. The peak aligns with spikes in current assets and cash, while the recent decline suggests asset reductions or revaluation processes.

Assets: Selected Items

Download chart

Current Assets: Selected Items