Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Carnival Corp. & plc, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019	Nov 30, 2018
Short-term borrowings	—)	200)	2,790)	3,084)	231)	848)
Current portion of long-term debt	2,089)	2,393)	1,927)	1,742)	1,596)	1,578)
Current portion of operating lease liabilities	149)	146)	142)	151)	—)	—)
Accounts payable	1,168)	1,050)	797)	624)	756)	730)
Accrued liabilities and other	2,003)	1,942)	1,640)	1,145)	1,809)	1,653)
Customer deposits	6,072)	4,874)	3,112)	1,940)	4,735)	4,395)
Current liabilities	11,481)	10,605)	10,408)	8,686)	9,127)	9,204)
Long-term debt, excluding current portion	28,483)	31,953)	28,509)	22,130)	9,675)	7,897)
Long-term operating lease liabilities	1,170)	1,189)	1,239)	1,273)	—)	—)
Other long-term liabilities	1,104)	891)	1,044)	949)	891)	857)
Long-term liabilities	30,757)	34,033)	30,792)	24,352)	10,566)	8,754)
Total liabilities	42,238)	44,638)	41,200)	33,038)	19,693)	17,958)
Carnival Corporation common stock, $0.01 par value	12)	12)	11)	11)	7)	7)
Carnival plc ordinary shares, $1.66 par value	361)	361)	361)	361)	358)	358)
Additional paid-in capital	16,712)	16,873)	15,292)	13,948)	8,807)	8,756)
Retained earnings	185)	269)	6,448)	16,075)	26,653)	25,066)
Accumulated other comprehensive loss (AOCI)	(1,939)	(1,982)	(1,502)	(1,436)	(2,066)	(1,949)
Treasury stock, at cost	(8,449)	(8,468)	(8,466)	(8,404)	(8,394)	(7,795)
Shareholders’ equity	6,882)	7,065)	12,144)	20,555)	25,365)	24,443)
Total liabilities and shareholders’ equity	49,120)	51,703)	53,344)	53,593)	45,058)	42,401)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Carnival Corp. & plc current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Carnival Corp. & plc long-term liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Carnival Corp. & plc total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Carnival Corp. & plc shareholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.

Carnival Corp. & plc (NYSE:CCL)

Balance Sheet: Liabilities and Stockholders’ Equity