Teekay tankers ltd. (TNK)
Balance Sheet / Quarterly
Sep'18Jun'18Dec'17Sep'17Jun'17Dec'16Sep'16Jun'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Dec'11Dec'10
ASSETS
Current
Cash and cash equivalents

54

48

71

60

87

94

59

58

156

83

162

21

25

-

26

-

-

Restricted cash current

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

1

1

0

1

1

0

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

37

-

18

14

Pool receivable from affiliates, net (note 13b)

26

24

15

8

9

24

14

30

62

36

35

13

10

7

9

4

11

Accounts receivable, including affiliate balances of $0.2 million (2017 - $0.8 million) (note 2)

17

15

19

22

18

33

25

43

33

11

4

2

4

7

4

2

2

Vessels held for sale (note 19)

-

-

-

6

0

33

13

14

0

-

-

-

-

-

-

-

-

Interest receivable on investment in term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1

-

Vessels held for sale (note 17)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

Interest receivable on investment in term loans (note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Due from affiliates (note 13b)

50

50

49

33

46

48

52

80

67

47

50

33

27

20

24

166

57

Current portion of derivative assets (note 9)

3

2

1

0

0

0

1

1

0

-

-

-

-

-

-

-

-

Prepaid expenses

22

21

18

15

16

21

20

22

23

13

9

12

10

-

9

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

5

Investment in term loans (note 5)

-

-

-

-

-

-

-

-

-

-

-

-

136

122

119

-

-

Other current assets (note 2)

1

3

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total current assets

177

168

176

149

178

257

186

251

345

191

262

83

215

204

202

199

92

Restricted cash long-term

2

2

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash - long-term

-

-

-

2

-

0

-

-

-

-

-

-

-

-

-

-

-

Vessels and equipment At cost, less accumulated depreciation of $550.1 million (2017 - $512.0 million) (note 7)

1,556

1,695

1,737

1,283

1,554

1,605

1,664

1,706

1,767

1,035

897

841

859

867

885

1,310

1,435

Vessels related to capital leases At cost, less accumulated depreciation of $38.7 million (2017 - $25.4 million) (note 8)

340

221

227

230

-

0

-

-

-

-

-

-

-

-

-

-

-

Investment in and advances to equity accounted investments (note 6)

24

25

25

42

43

70

78

77

66

79

73

-

18

7

3

-

-

Investment in term loans (note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

-

Investment in term loans (note 5)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

Loan to equity accounted investment (note 4)

-

-

-

-

-

-

-

-

-

-

-

8

-

9

9

9

9

Equity accounted investments (note 4)

-

-

-

-

-

-

-

-

-

-

-

35

-

-

-

-

-

Derivative assets (note 9)

5

5

4

3

2

4

0

0

5

5

4

4

-

-

-

-

-

Intangible assets At cost, less accumulated amortization of $10.2 million (2017 - $8.2 million)

12

13

14

15

16

17

18

19

29

-

-

-

-

-

-

-

-

Other non-current assets

0

0

0

0

0

0

0

0

0

1

3

4

4

2

3

4

4

Goodwill

8

8

8

8

8

8

8

8

0

-

-

-

-

-

-

-

19

Total assets

2,129

2,140

2,197

1,735

1,803

1,964

1,957

2,063

2,214

1,314

1,241

977

1,097

1,091

1,105

1,641

1,678

LIABILITIES AND EQUITY
Current
Accounts payable

5

5

7

10

9

14

9

10

22

5

1

3

2

2

3

4

3

Accrued liabilities

35

34

34

29

26

28

26

47

65

18

18

14

21

14

17

14

16

Current portion of long-term debt (note 7)

103

155

166

159

150

171

155

151

174

144

47

51

25

25

25

26

20

Current portion of derivative liabilities (note 10)

-

0

-

0

0

1

1

3

6

7

7

7

7

-

-

-

-

Current obligation related to capital leases (note 8)

15

7

7

7

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of deferred gains

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Current portion of in-process revenue contracts

-

-

-

-

-

-

0

0

1

-

-

-

-

-

-

-

-

Current portion of derivative instruments (note 9)

-

-

-

-

-

-

-

-

-

-

-

-

-

7

7

6

11

Deferred revenue

-

-

-

2

6

4

1

0

2

0

0

-

2

1

4

3

6

Due to affiliates (note 13b)

18

39

19

14

31

36

26

15

39

11

10

8

11

22

3

91

270

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total current liabilities

179

241

236

223

224

255

222

228

312

187

85

86

70

72

61

146

329

Long-term debt (note 7)

703

778

785

486

671

761

810

892

990

530

661

557

719

704

710

882

867

Long-term obligation related to capital leases (note 8)

280

137

141

143

-

0

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

2

5

4

8

10

15

17

19

26

28

34

Other long-term liabilities

-

-

-

-

-

-

11

11

8

5

4

-

5

-

-

-

-

Other long-term liabilities (note 10)

30

29

26

19

17

13

-

-

-

-

-

5

-

4

4

5

5

Total liabilities

1,193

1,188

1,190

873

913

1,031

1,047

1,138

1,315

731

762

664

812

802

803

1,063

1,237

Commitments and contingencies (notes 6, 7, 8 and 9)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Equity
Common stock and additional paid-in capital (585.0 million shares authorized, 231.6 million Class A and 37.0 million Class B shares issued and outstanding as of September 30, 2018 and 231.2 million Class A and 37.0 million Class B shares issued and outstanding as of December 31, 2017) (note 12)

1,295

1,295

1,294

1,143

1,143

1,103

1,095

1,095

1,094

853

802

673

673

672

672

-

-

Common stock and additional paid-in capital (300 million shares authorized, 71.1 million Class A and 12.5 million Class B shares issued and outstanding as of December 31, 2012 and 49.4 million Class A and 12.5 million Class B shares issued and outstanding as of December 31, 2011) (notes 3 and 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

588

481

Accumulated deficit

-360

-343

-288

-281

-253

-182

-184

-170

-217

-270

-346

-361

-388

-383

-370

-99

-38

Entities under Common Control equity

-

-

-

0

0

12

-

-

22

-

22

-

-

-

-

-

-

Dropdown Predecessor equity (note 1)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

-1

Total equity

935

952

1,006

862

889

932

910

925

899

582

478

312

284

289

302

578

440

Total liabilities and equity

2,129

2,140

2,197

1,735

1,803

1,964

1,957

2,063

2,214

1,314

1,241

977

1,097

1,091

1,105

1,641

1,678