Income and Balance Sheet
Cash dropped from $1.1 billion to $0.5 billion over the last five years and remained steady with a slight rise quarter over quarter during the third quarter of 2010. (See Exhibits 5 to 7.) Reflecting the increase in the number of ships ordered and going online, property and equipment steadily increased over the last five years from $21 billion to over $30 billion (3Q 2010). For this same reason, by 2009 long-term debt also increased from $5.7 billion to over $9 billion, but dropped to $7.6 billion by 3Q 2010.