| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Revenues (note 13) | |||||||||
1,880,332 | 2,328,569 | 2,450,382 | 1,993,920 | 1,830,085 | 1,980,771 | 1,976,022 | 2,095,753 | - | - |
Voyage expenses (notes 2 and 3) | |||||||||
153,766 | 138,339 | 115,787 | 127,847 | 112,218 | - | - | - | - | - |
Vessel operating expenses (notes 2 and 4) | |||||||||
731,150 | 825,024 | 844,039 | 809,319 | 806,152 | - | - | - | - | - |
Voyage expenses | |||||||||
- | - | - | - | - | 138,283 | 176,614 | 245,097 | - | - |
Vessel operating expenses | |||||||||
- | - | - | - | - | 813,326 | 749,939 | 630,547 | - | - |
Time-charter hire expense (note 4) | |||||||||
120,893 | 150,145 | 138,548 | 67,219 | 103,646 | 130,739 | 214,179 | 285,992 | - | - |
REVENUES | |||||||||
- | - | - | - | - | - | - | - | 2,181,605 | 3,229,443 |
Voyage expenses | |||||||||
- | - | - | - | - | - | - | - | 294,091 | 758,388 |
Vessel operating expenses (note 15) | |||||||||
- | - | - | - | - | - | - | - | 615,764 | 659,248 |
Time-charter hire expense | |||||||||
- | - | - | - | - | - | - | - | 438,877 | 612,089 |
Depreciation and amortization | |||||||||
485,829 | 571,825 | 509,500 | 422,904 | 431,086 | 455,898 | 428,608 | 440,705 | 437,176 | 418,802 |
General and administrative expenses (note 4) | |||||||||
106,150 | 119,889 | 133,184 | 140,917 | - | 144,296 | 173,604 | 193,743 | 198,836 | 221,270 |
General and administrative expenses | |||||||||
- | - | - | - | 140,958 | - | - | - | - | - |
Asset impairments (note 18a) | |||||||||
232,659 | 45,796 | 67,744 | 0 | 167,605 | 432,196 | 155,288 | 51,210 | - | - |
Loan loss recoveries (note 17b) | |||||||||
- | - | - | -2,521 | 748 | 1,886 | - | - | - | - |
Loan loss provisions (note 18b) | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Net loss on sale of vessels, equipment and other operating assets (note 18b) | |||||||||
-38,084 | -66,450 | -2,431 | 8,750 | 1,995 | -6,975 | 4,229 | - | - | - |
Asset impairments and net loss on sale of vessels and equipment (notes 6 and 18) | |||||||||
- | - | - | - | - | - | - | - | 12,629 | 50,267 |
Bargain purchase gain (note 3a) | |||||||||
- | - | - | - | - | - | 68,535 | - | - | - |
Goodwill impairment charge (note 6) | |||||||||
- | - | - | - | - | - | 36,652 | - | - | 334,165 |
(Gain) loss on sale of vessels and equipment (note 6a) | |||||||||
- | - | - | - | - | - | - | 2,060 | - | - |
Restructuring charges (note 12) | |||||||||
5,101 | 26,811 | 14,017 | 9,826 | 6,921 | 7,565 | 5,490 | 16,396 | 14,444 | 15,629 |
Total operating expenses | |||||||||
- | - | - | - | - | - | 1,867,610 | 1,861,630 | 2,011,817 | 2,969,324 |
Income (loss) from vessel operations | |||||||||
6,700 | 384,290 | 625,132 | 427,159 | 62,746 | -150,393 | 108,412 | 234,123 | 169,788 | 260,119 |
Interest expense | |||||||||
268,400 | 282,966 | 242,469 | 208,529 | 181,396 | 167,615 | 137,604 | 136,107 | 141,448 | 290,933 |
Interest income | |||||||||
6,290 | 4,821 | 5,988 | 6,827 | 9,708 | - | - | 12,999 | 19,999 | 97,111 |
Interest income | |||||||||
- | - | - | - | - | 6,159 | 10,078 | - | - | - |
Realized and unrealized (losses) gains on non-designated derivative instruments (note 15) | |||||||||
-38,854 | -35,091 | -102,200 | -231,675 | 18,414 | -80,352 | -342,722 | - | - | - |
Realized and unrealized gain (loss) on non-designated derivative instruments (note 14) | |||||||||
- | - | - | - | - | - | - | -299,598 | 140,046 | -567,074 |
Equity income (loss) | |||||||||
-37,344 | 85,639 | 102,871 | 128,114 | 136,538 | 79,211 | -35,309 | -11,257 | 52,242 | -36,085 |
Foreign exchange gain (loss) (notes 8 and 15) | |||||||||
-26,463 | -6,548 | -2,195 | 13,431 | -13,304 | -12,898 | 12,654 | 31,983 | -20,922 | 24,727 |
Loss on notes repurchase (note 8) | |||||||||
- | - | - | - | - | - | - | - | 566 | -3,010 |
Loss on deconsolidation of Teekay Offshore (note 4) | |||||||||
-104,788 | 0 | 0 | - | - | - | - | - | - | - |
Other (loss) income (note 14) | |||||||||
-53,981 | -39,013 | 1,566 | -1,152 | 5,646 | - | - | - | - | - |
Other loss | |||||||||
- | - | - | - | - | 366 | 12,360 | -5,118 | 13,527 | -6,945 |
Income (loss) before income taxes | |||||||||
-516,840 | 111,132 | 388,693 | 134,175 | 38,352 | -325,522 | -372,131 | -172,975 | - | - |
Net (loss) income before taxes | |||||||||
- | - | - | - | - | - | - | - | 232,666 | -516,070 |
Income tax expense (note 16) | |||||||||
12,232 | 24,468 | -16,767 | 10,173 | 2,872 | -14,406 | 4,290 | -6,340 | 22,889 | -56,176 |
Net loss | |||||||||
-529,072 | 86,664 | 405,460 | 124,002 | 35,480 | -311,116 | -376,421 | -166,635 | 209,777 | -459,894 |
Net loss (income) attributable to non-controlling interests | |||||||||
-365,796 | 209,846 | 323,309 | 178,759 | 150,218 | -150,936 | -17,805 | 100,652 | 81,365 | 9,561 |
Net loss attributable to the shareholders of Teekay Corporation | |||||||||
-163,276 | -123,182 | 82,151 | -54,757 | -114,738 | -160,180 | -358,616 | -267,287 | 128,412 | -469,455 |
Per common share of Teekay Corporation (note 17) | |||||||||
Basic (loss) earnings attributable to shareholders of Teekay Corporation (dollars per share) | |||||||||
-1.89 | -1.62 | 1.13 | -0.76 | -1.63 | -2.31 | -5.11 | -3.67 | 1.77 | -6.48 |
Diluted (loss) earnings attributable to shareholders of Teekay Corporation (dollars per share) | |||||||||
-1.89 | -1.62 | 1.12 | -0.76 | -1.63 | -2.31 | -5.11 | -3.67 | 1.76 | -6.48 |
Cash dividends declared (in usd per share) | |||||||||
0.22 | 0.22 | 1.73 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.26 | 1.14 |
Weighted average number of common shares outstanding (note 17) | |||||||||
Basic (shares) | |||||||||
86,335 | 79,211 | 72,665 | 72,066 | 70,457 | 69,263 | 70,234 | 72,862 | 72,549 | 72,493 |
Diluted (shares) | |||||||||
86,335 | 79,211 | 73,190 | 72,066 | 70,457 | 69,263 | 70,234 | 72,862 | 73,058 | 72,493 |