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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 26, 2001
CARNIVAL CORPORATION
(Exact name of registrant as specified in its charter)
Republic of Panama 1-9610 59-1562976
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(State or other jurisdiction (Commission File Number (I.R.S. Employer of
incorporation) File Number) Identification No.)
3655 N.W. 87th Avenue, Miami, Florida 33178-2428
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (305) 599-2600
Page 2
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The registrant's Unaudited Summary Consolidated Balance Sheet at November
30, 2000 and its Unaudited Summary Consolidated Statement of Cash Flows and
Unaudited Summary Consolidated Statement of Shareholders' Equity for the year
ended November 30, 2000 are attached as Exhibit 99.1 to this report.
Item 9. Regulation FD Disclosure.
The registrant's Unaudited Summary Consolidated Balance Sheet at November 30,
2000 and its Unaudited Summary Consolidated Statement of Cash Flows and
Unaudited Summary Consolidated Statement of Shareholders' Equity for the year
ended November 30, 2000 are attached as Exhibit 99.1 to this report and are
incorporated by reference into this report for purposes of this item only.
Page 3
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 26, 2001
CARNIVAL CORPORATION
By: /s/ Gerald R. Cahill
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Name: Gerald R. Cahill
Title: Senior Vice President-Finance
and Chief Financial and
Accounting Officer
Page 4
Exhibit List
Exhibit Description
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99.1 Unaudited Summary Consolidated Balance Sheet at November 30,
2000 and its Unaudited Summary Consolidated Statement of Cash
Flows and Unaudited Summary Consolidated Statement of
Shareholders' Equity for the year ended November 30, 2000.
EXHIBIT 99.1
CARNIVAL CORPORATION
SUMMARY CONSOLIDATED BALANCE SHEET
NOVEMBER 30, 2000
(in thousands, except par value)
(UNAUDITED)
ASSETS
Current Assets
Cash and cash equivalents $ 189,282
Accounts receivable, net 95,361
Consumable inventories 100,451
Prepaid expenses and other 164,388
Total current assets 549,482
Property and Equipment, Net 8,001,318
Investments in and Advances to Affiliates 437,391
Goodwill, less Accumulated Amortization of $99,670 701,385
Other Assets 141,744
$9,831,320
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
Current portion of long-term debt $ 248,219
Accounts payable 332,694
Accrued liabilities 302,585
Customer deposits 770,425
Dividends payable 61,371
Total current liabilities 1,715,294
Long-Term Debt 2,099,077
Deferred Income and Other Long-Term Liabilities 146,332
Shareholders' Equity
Common Stock; $.01 par value; 960,000 shares
authorized; 617,568 shares issued 6,176
Additional paid-in capital 1,772,897
Retained earnings 4,884,023
Unearned stock compensation (12,283)
Accumulated other comprehensive loss (75,059)
Treasury Stock; 33,087 shares at cost (705,137)
Total shareholders' equity 5,870,617
$9,831,320
CARNIVAL CORPORATION
SUMMARY CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED NOVEMBER 30, 2000
(in thousands)
(UNAUDITED)
OPERATING ACTIVITIES
Net income $ 965,458
Adjustments to reconcile net income to
net cash provided from operating activities:
Depreciation and amortization 287,667
Income from affiliated operations in excess
of dividends received (21,362)
Other (14,689)
Changes in operating assets and liabilities,
excluding businesses acquired and consolidated:
Increase in:
Receivables (15,132)
Consumable inventories (8,205)
Prepaid expenses and other (21,972)
Increase (decrease) in:
Accounts payable 58,133
Accrued liabilities (5,977)
Customer deposits 55,614
Net cash provided from operating activities 1,279,535
INVESTING ACTIVITIES
Additions to property and equipment, net (1,003,348)
Proceeds from sale of assets 51,350
Acquisition of consolidated subsidiaries, net (383,640)
Other, net 43,611
Net cash used for investing activities (1,292,027)
FINANCING ACTIVITIES
Proceeds from long-term debt 1,020,091
Purchase of Treasury Stock (705,137)
Principal payments of long-term debt (388,429)
Dividends paid (254,333)
Proceeds from issuance of Common Stock, net 7,811
Net cash used for financing activities (319,997)
Net decrease in cash and cash equivalents (332,489)
Cash and cash equivalents at beginning of year 521,771
Cash and cash equivalents at end of year $ 189,282
CARNIVAL CORPORATION
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY
FOR THE YEAR ENDED NOVEMBER 30, 2000
(in thousands)
(UNAUDITED)
Accumulated
Unearned other Total
Compre- Additional stock compre- share-
hensive Common paid-in- Retained compen- hensive Treasury holders'
income Stock capital earnings sation(loss)income Stock equity
Balances at
November 30,
1999 $6,170 $1,757,408 $4,176,498 $(9,945) $1,116 $ $5,931,247
Comprehensive income:
Net income $965,458 965,458 965,458
Changes in
securities
valuation
allowance (2,232) (2,232) (2,232)
Foreign
currency
translation
adjustment (73,943) (73,943) (73,943)
Total
Comprehensive
income $889,283
Cash dividends (250,923) (250,923)
Issuance of
stock under
stock plans 6 15,489 (5,977) 9,518
Amortization
of unearned
stock
compensation 3,639 3,639
Effect of
conforming
Costa's
fiscal year (7,010) (7,010)
Purchase of
Treasury Stock (705,137) (705,137)
Balances at
November 30,
2000 $6,176 $1,772,897 $4,884,023 $(12,283) $(75,059) $(705,137) $5,870,617