| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||
Net loss | |||||||||
-529,072 | 86,664 | 405,460 | 124,002 | 35,480 | -311,116 | -376,421 | -166,635 | 209,777 | -459,894 |
Non-cash and non-operating items: | |||||||||
Depreciation and amortization | |||||||||
485,829 | 571,825 | 509,500 | 422,904 | 431,086 | 455,898 | 428,608 | 440,705 | 437,176 | 418,802 |
Unrealized gain on derivative instruments (note 15) | |||||||||
95,556 | 145,116 | -51,910 | -267,830 | 113,344 | 40,373 | -70,822 | -140,187 | 293,174 | -530,283 |
Asset impairments and loan loss provisions | |||||||||
- | - | - | -2,521 | 168,353 | - | - | - | - | - |
Asset impairments | |||||||||
232,659 | 45,796 | 67,744 | - | - | - | - | 51,210 | - | - |
Amortization of in-process revenue contracts (note 6) | |||||||||
- | - | - | - | - | - | - | - | -75,977 | -74,425 |
Loss (gain) on sale of marketable securities | |||||||||
- | - | - | - | - | - | - | 1,805 | - | 4,576 |
Loss on sale of vessels and equipment | |||||||||
-38,084 | -66,450 | -2,431 | 8,750 | 1,995 | -6,975 | 4,229 | 2,060 | 27,683 | 100,392 |
Other | |||||||||
- | - | - | - | - | - | - | - | - | 4,917 |
Loss on deconsolidation of Teekay Offshore (note 4) | |||||||||
-104,788 | 0 | 0 | - | - | - | - | - | - | - |
Write-down of intangibles and other | |||||||||
- | - | - | - | - | - | - | - | 16,105 | 9,748 |
Goodwill impairment charge | |||||||||
- | - | - | - | - | - | 36,652 | - | - | 334,165 |
Write-down of equity accounted investments (note 18b) | |||||||||
- | - | - | - | - | - | 19,411 | - | - | 20,157 |
Asset impairments and loan loss provisions (note 18b) | |||||||||
- | - | - | - | - | 434,082 | 155,288 | - | - | - |
Write-down of vessels and equipment | |||||||||
- | - | - | - | - | - | - | - | 24,221 | 40,377 |
Bargain purchase gain (note 3a) | |||||||||
- | - | - | - | - | - | 68,535 | - | - | - |
Loss on repurchase of notes | |||||||||
- | - | - | - | - | - | - | -12,645 | - | - |
Loss on repurchase of notes | |||||||||
- | - | - | - | - | - | - | - | -566 | -1,310 |
Equity (income) loss, net of dividends received | |||||||||
-87,602 | 47,563 | -3,203 | 94,726 | 121,144 | 65,639 | -31,376 | -11,257 | 49,299 | -30,352 |
Income tax expense | |||||||||
12,232 | 24,468 | -16,767 | 10,173 | 2,872 | -14,406 | 4,290 | -6,340 | 22,889 | -56,176 |
Amortization of in-process revenue contracts | |||||||||
-26,958 | -28,109 | -30,085 | -40,939 | -61,700 | -72,933 | -46,436 | -48,254 | - | - |
Employee stock option compensation | |||||||||
- | - | - | - | - | - | 16,262 | 15,264 | 11,255 | 14,117 |
Unrealized foreign currency exchange loss including the effect of the termination of cross-currency swaps | |||||||||
- | - | - | - | - | - | 11,614 | 21,427 | -16,605 | 54,797 |
Unrealized foreign exchange loss and other | |||||||||
-148,469 | -53,999 | 136,893 | 217,908 | 39,003 | -46,680 | 8,314 | 929 | -5,140 | - |
Change in operating assets and liabilities | |||||||||
-106,567 | -38,333 | 12,291 | -60,631 | -64,184 | 115,209 | 84,347 | -45,415 | -148,655 | 28,816 |
Expenditures for dry docking | |||||||||
50,899 | 45,964 | 68,380 | 74,379 | 72,205 | 35,023 | 55,620 | 57,483 | -78,005 | -101,511 |
Net operating cash flow | |||||||||
513,745 | 620,783 | 775,832 | 446,317 | 292,584 | 288,936 | 107,193 | - | - | - |
FINANCING ACTIVITIES | |||||||||
Expenditures for dry docking | |||||||||
50,899 | 45,964 | 68,380 | 74,379 | - | - | - | - | -78,005 | -101,511 |
Net operating cash flow | |||||||||
- | - | - | - | - | - | - | 411,750 | 368,251 | 523,641 |
Proceeds from issuance of long-term debt, net of issuance costs | |||||||||
1,007,010 | 2,075,014 | 2,452,878 | 3,365,045 | 2,451,828 | 1,407,275 | 2,114,879 | 1,769,742 | 1,194,037 | 2,208,715 |
Prepayments of long-term debt | |||||||||
831,901 | 1,872,573 | 554,831 | 1,331,469 | 1,017,818 | 1,060,169 | 881,207 | 1,536,587 | 1,583,852 | 1,306,309 |
Debt issuance costs | |||||||||
- | - | - | - | - | - | 10,634 | 14,471 | 11,745 | 8,425 |
Scheduled repayments of long-term debt and settlement of related swaps (note 8) | |||||||||
687,544 | 967,146 | 1,040,292 | 1,291,322 | 695,688 | 266,242 | 449,640 | 210,025 | 156,315 | 328,570 |
Proceeds from loans to equity accounted investees | |||||||||
- | - | - | - | - | - | - | - | 649 | 26,338 |
Repayment of loans from equity accounted investees | |||||||||
- | - | - | - | - | - | - | - | 24,140 | 4,104 |
Proceeds from financing related to sale-leaseback of vessels | |||||||||
809,935 | 355,306 | 0 | - | - | - | - | - | - | - |
Repayments of obligations related to capital leases | |||||||||
46,090 | 21,595 | 4,423 | 479,115 | 10,315 | 10,161 | 89,145 | 38,958 | 37,248 | 33,176 |
Decrease (increase) in restricted cash | |||||||||
104,142 | -49,079 | -21,005 | 380,953 | 31,776 | -33,592 | 73,105 | 30,291 | 38,953 | 23,955 |
Net proceeds from equity issuances of subsidiaries | |||||||||
172,930 | 327,419 | 575,368 | 452,061 | 446,893 | 496,224 | 631,057 | 645,642 | - | - |
Net proceeds from equity issuances of Teekay Corporation (note 9) | |||||||||
25,636 | 105,462 | 0 | 0 | - | - | - | - | - | - |
Acquisition of shares in Teekay Tankers | |||||||||
19,444 | 0 | 0 | - | - | - | - | - | - | - |
Equity contribution by joint venture partner | |||||||||
- | - | - | 27,267 | 4,934 | 86,350 | 0 | - | - | - |
Net proceeds from issuance of Teekay LNG Partners L.P. units (note 5) | |||||||||
- | - | - | - | - | - | - | - | 158,996 | 148,345 |
Net proceeds from issuance of Teekay Offshore Partners L.P. units (note 5) | |||||||||
- | - | - | - | - | - | - | - | 102,009 | 141,484 |
Net proceeds from issuance of Teekay Tankers Ltd. shares (note 5) | |||||||||
- | - | - | - | - | - | - | - | 65,556 | - |
Issuance of Common Stock upon exercise of stock options | |||||||||
- | - | - | 55,165 | 27,219 | 11,617 | - | - | 2,007 | 4,224 |
Repurchase of Common Stock (note 12) | |||||||||
- | - | - | - | - | - | 122,195 | 40,111 | - | 20,512 |
Distributions paid from subsidiaries to non-controlling interests | |||||||||
103,150 | 136,151 | 360,392 | 360,820 | 269,987 | 246,555 | 201,942 | 159,808 | 109,942 | 91,794 |
Cash dividends paid | |||||||||
18,977 | 17,406 | 125,881 | 91,004 | 90,265 | 83,299 | 93,480 | 92,695 | 91,747 | 82,877 |
Other financing activities | |||||||||
5,337 | 87 | -2,488 | 0 | -12,000 | -1,777 | 5,847 | 5,682 | - | -1,210 |
Net financing cash flow | |||||||||
417,884 | -200,662 | 918,934 | 726,761 | 866,577 | 299,671 | 976,645 | - | - | - |
INVESTING ACTIVITIES | |||||||||
Expenditures for vessels and equipment | |||||||||
1,054,052 | 648,326 | 1,795,901 | 994,931 | 753,755 | 523,597 | - | - | - | - |
Net financing cash flow | |||||||||
- | - | - | - | - | - | - | 358,702 | -452,782 | 676,084 |
Expenditures for vessels and equipment | |||||||||
- | - | - | - | - | - | 755,045 | 343,091 | 495,214 | 716,765 |
Proceeds from sale of vessels and equipment | |||||||||
73,712 | 252,656 | 20,472 | 180,638 | 47,704 | 250,807 | 33,424 | 70,958 | 219,834 | 331,611 |
Recovery in term loans | |||||||||
- | - | - | -4,814 | 12,552 | - | - | - | - | - |
Proceeds from sale of interest in Swift Product Tanker Pool (note 18a) | |||||||||
- | - | - | - | - | - | - | - | - | 44,377 |
Acquisition of additional 35.3% of Teekay Petrojarl ASA (note 3) | |||||||||
- | - | - | - | - | - | - | - | - | 304,949 |
Investment in term loans (note 4) | |||||||||
- | - | - | - | - | - | 70,000 | 115,575 | - | - |
Purchase of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | 542 |
Proceeds from sale of marketable securities | |||||||||
- | - | - | - | - | - | - | - | - | 11,058 |
Investment in equity-accounted investments | |||||||||
98,774 | 61,885 | 40,595 | 79,602 | 157,762 | 183,554 | 38,496 | 45,480 | 7,426 | 1,204 |
Advances to joint ventures and joint venture partners | |||||||||
-12,946 | -96,823 | 53,173 | -87,130 | -14,466 | - | - | - | - | - |
Purchase of ALP (net of cash acquired of $294) | |||||||||
- | - | - | 2,322 | - | - | - | - | - | - |
Purchase of Logitel (net of cash acquired of $8,089) | |||||||||
- | - | - | -4,090 | - | - | - | - | - | - |
Increase in restricted cash | |||||||||
0 | 0 | 34,290 | 0 | - | - | - | - | - | - |
Cash of Tankers Investments Ltd. upon acquisition, net of transaction costs (note 4a) | |||||||||
30,831 | 0 | 0 | - | - | - | - | - | - | - |
Investment in cost accounted investment | |||||||||
- | - | - | 25,000 | - | - | - | - | - | - |
Direct financing lease payments received | |||||||||
- | - | - | - | - | - | - | - | -1,084 | -22,203 |
Cash of transferred subsidiaries on sale, net of proceeds received (note 4) | |||||||||
17,977 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale-lease back of vessels | |||||||||
- | - | - | 0 | - | - | - | - | - | - |
Purchase of SPT (net of cash acquired $377) | |||||||||
0 | 0 | 46,961 | 0 | - | - | 322,500 | - | - | - |
Advances to joint ventures and joint venture partners | |||||||||
- | - | - | - | - | 117,235 | 55,156 | 5,447 | 1,369 | 229,940 |
Investment in direct financing lease assets (note 9) | |||||||||
- | - | - | - | 307,950 | - | 0 | - | 25,526 | 535 |
Direct financing lease payments received | |||||||||
17,422 | 23,535 | 20,824 | 22,856 | 17,289 | 23,307 | 27,608 | 25,782 | - | - |
Other investing activities | |||||||||
-7,613 | -324 | 0 | 4,247 | 2,500 | -1,332 | -8,706 | 361 | -1,493 | -16,453 |
Net investing cash flow | |||||||||
-1,054,171 | -530,519 | -1,823,278 | -980,834 | -1,183,992 | -641,243 | -1,171,459 | - | - | - |
Net investing cash flow | |||||||||
- | - | - | - | - | - | - | -413,214 | -307,124 | -828,233 |
Decrease in cash and cash equivalents | |||||||||
-122,542 | -110,398 | -128,512 | 192,244 | -24,831 | -52,636 | -87,621 | 357,238 | -391,655 | 371,492 |