XML 45 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
OPERATING ACTIVITIES      
Net Income (Loss) $ (6,093) $ (9,501) $ (10,236)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation and amortization 2,275 2,233 2,241
Impairments 470 834 4,063
(Gain) loss on debt extinguishment 1 668 459
(Income) loss from equity-method investments 38 129 20
Share-based compensation 101 121 105
Amortization of discounts and debt issue costs 171 172 119
Noncash lease expense 148 140 172
Other, net 57 137 (56)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (2,832) (5,067) (3,114)
Changes in operating assets and liabilities      
Receivables (171) (7) 125
Inventories (95) (63) 77
Prepaid expenses and other (874) (1,070) (209)
Accounts payable 283 206 (165)
Accrued liabilities and other 341 601 (311)
Customer deposits 1,679 1,291 (2,703)
Net cash provided by (used in) operating activities (1,670) (4,109) (6,301)
INVESTING ACTIVITIES      
Purchases of property and equipment (4,940) (3,607) (3,620)
Proceeds from sales of ships and other 70 351 334
Purchase of minority interest (1) (90) (81)
Purchase of short-term investments (315) (2,873) 0
Proceeds from maturity of short-term investments 515 2,673 0
Other, net (96) 3 127
Net cash provided by (used in) investing activities (4,767) (3,543) (3,240)
FINANCING ACTIVITIES      
Proceeds from (repayments of) short-term borrowings, net (2,590) (293) 2,852
Principal repayments of long-term debt (2,075) (5,956) (1,621)
Premium paid on extinguishment of debt (1) (545) 0
Proceeds from issuance of long-term debt 7,209 13,042 15,020
Dividends paid 0 0 (689)
Purchases of common stock 0 0 (12)
Issuance of common stock, net 1,180 1,009 3,249
Issuance of common stock under the Stock Swap Program 95 206 0
Purchase of treasury stock under the Stock Swap Program (87) (188) 0
Debt issue costs and other, net (154) (327) (150)
Net cash provided by (used in) financing activities 3,577 6,949 18,650
Effect of exchange rate changes on cash, cash equivalents and restricted cash (79) (13) 53
Net increase (decrease) in cash, cash equivalents and restricted cash (2,940) (715) 9,161
Cash, cash equivalents and restricted cash at beginning of year 8,976 9,692 530
Cash, cash equivalents and restricted cash at end of year $ 6,037 $ 8,976 $ 9,692