| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Voyage revenues (notes 6, 10a and 10e) | |||||||||
432,676 | 396,444 | 397,991 | 402,928 | 399,276 | 392,900 | 380,469 | 374,008 | 343,048 | 314,404 |
Voyage expenses | |||||||||
8,202 | 1,656 | 1,146 | 3,321 | 2,857 | 1,772 | 1,387 | 2,042 | 2,034 | 3,253 |
Vessel operating expenses (note 10a) | |||||||||
103,139 | 88,590 | 94,101 | 95,808 | 99,949 | 94,536 | 97,179 | 84,577 | 82,374 | 77,113 |
Depreciation and amortization | |||||||||
105,545 | 95,542 | 92,253 | 94,127 | 97,884 | 100,474 | 92,413 | 89,347 | 82,686 | 76,880 |
General and administrative expenses (notes 10a, 10e and 14) | |||||||||
16,541 | 18,499 | 25,118 | 23,860 | 20,444 | 18,960 | 15,987 | 23,247 | 19,764 | 20,201 |
Write-down of vessels (note 15) | |||||||||
-50,600 | -38,976 | 0 | 0 | - | 29,367 | 0 | - | - | - |
Gain on sale of vessel (note 17) | |||||||||
- | - | - | - | - | - | - | 4,340 | - | - |
Restructuring charges (note 15b) | |||||||||
0 | 0 | 4,001 | 1,989 | 1,786 | 0 | 0 | 175 | 3,250 | - |
Goodwill impairment (note 6) | |||||||||
- | - | - | - | - | - | - | - | - | 3,648 |
Total operating expenses | |||||||||
- | - | - | - | - | - | 206,966 | 195,048 | 190,108 | 181,095 |
Income (loss) from vessel operations | |||||||||
148,649 | 153,181 | 181,372 | 183,823 | 176,356 | 147,791 | 173,503 | 178,960 | 152,940 | 133,309 |
Equity income (loss) (note 6c) | |||||||||
9,789 | 62,307 | 84,171 | 115,478 | 123,282 | 78,866 | 20,584 | 8,043 | 27,639 | 136 |
Interest expense (notes 8 and 11) | |||||||||
80,937 | 58,844 | 43,259 | 60,414 | 55,703 | 54,211 | 49,880 | 49,019 | 60,457 | 138,317 |
Interest income | |||||||||
2,915 | 2,583 | 2,501 | 3,052 | 2,972 | 3,502 | 6,687 | 7,190 | 13,873 | 64,325 |
Realized and unrealized gain (loss) on non-designated derivative instruments (note 11) | |||||||||
-5,309 | -7,161 | -20,022 | -44,682 | -14,000 | -29,620 | -63,030 | -78,720 | -40,950 | -99,954 |
Foreign currency exchange gain (loss) (notes 8 and 11) | |||||||||
-26,933 | 5,335 | 13,943 | 28,401 | -15,832 | -8,244 | 10,310 | 27,545 | -10,806 | 18,244 |
Other income (expense) (note 12c) | |||||||||
1,561 | 1,537 | 1,526 | 836 | 1,396 | 1,683 | -37 | 615 | 392 | 1,250 |
Total other items | |||||||||
- | - | - | - | - | - | -75,366 | -84,346 | -70,309 | -154,316 |
Net income (loss) before income tax expense | |||||||||
49,735 | 158,938 | 220,232 | 226,494 | 218,471 | 139,767 | 98,137 | 94,614 | 82,631 | -21,007 |
Income tax expense (note 9) | |||||||||
824 | 973 | 2,722 | 7,567 | 5,156 | 625 | 781 | 1,670 | 694 | 205 |
Net income (loss) | |||||||||
48,911 | 157,965 | 217,510 | 218,927 | 213,315 | 139,142 | 97,356 | 92,944 | 81,937 | -21,212 |
Unrealized net gain on qualifying cash flow hedging instrument in equity accounted joint ventures (note 5) | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Other comprehensive income | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Comprehensive income | |||||||||
- | - | - | - | - | - | 97,356 | - | - | - |
Non-controlling interest in net income (loss) | |||||||||
14,946 | 17,514 | 16,627 | 13,489 | 12,073 | 15,437 | 7,508 | 3,062 | -29,310 | -40,698 |
Preferred unitholders' interest in net income (loss) | |||||||||
13,979 | 2,719 | 0 | 0 | - | - | - | - | - | - |
Dropdown Predecessor's interest in net income (note 2) | |||||||||
- | - | - | - | - | - | - | 2,258 | 5,302 | 894 |
General Partners interest in net income (loss) | |||||||||
400 | 2,755 | 26,276 | 31,187 | 25,365 | 21,303 | 11,474 | 8,896 | - | - |
Limited partners interest in net income (loss) | |||||||||
19,586 | 134,977 | 174,607 | 174,251 | 175,877 | 102,402 | 78,374 | 78,728 | - | - |
Limited partners interest in net income (loss) per common unit: (note 13) | |||||||||
Basic (usd per unit) | |||||||||
0.25 | 1.70 | 2.21 | 2.30 | 2.48 | 1.54 | 1.33 | - | - | - |
Diluted (usd per unit) | |||||||||
0.25 | 1.69 | 2.21 | 2.30 | 2.48 | 1.54 | 1.33 | - | - | - |
Weighted-average number of common units outstanding: | |||||||||
Basic (units) | |||||||||
79,617 | 79,568 | 78,896 | 75,664 | 70,965 | 66,328 | 59,147 | - | - | - |
Diluted (units) | |||||||||
79,791 | 79,671 | 78,961 | 75,702 | 70,996 | 66,328 | 59,147 | - | - | - |
Cash distributions declared per common unit (units) | |||||||||
0.56 | 0.56 | 2.80 | 2.77 | 2.70 | 2.65 | 2.52 | 2.37 | 2.28 | 2.18 |
Common unit (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 1.46 | 0.86 | 0.63 |
Subordinated unit (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 2.04 | 0.80 | -0.29 |
General Partner's interest in net income (loss) | |||||||||
- | - | - | - | - | - | - | - | 5,180 | 11,989 |
Limited partner's interest in net income (loss) | |||||||||
- | - | - | - | - | - | - | - | 42,145 | 6,603 |
Total unit (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 1.48 | 0.85 | 0.36 |
Common units (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 51,481 | 40,912 | 29,698 |
Subordinated units (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 1,816 | 8,760 | 12,459 |
Total units (basic and diluted) | |||||||||
- | - | - | - | - | - | - | 53,297 | 49,672 | 42,158 |
Related party transactions (note 9) | |||||||||
- | - | - | - | - | - | - | 0 | - | - |