TEEKAY OFFSHORE PARTNERS L.P. TOO Balance Sheet

Teekay offshore partners l.p. (TOO)

Balance Sheet / TTM

Sep'18	Jun'18	Dec'17	Sep'17	Dec'16	Sep'16	Jun'16	Dec'15	Jun'15	Dec'14	Jun'14	Dec'13	Jun'13	Dec'12	Jun'12	Dec'11	Dec'10
ASSETS
Current
Cash and cash equivalents
199	241	221	416	227	222	380	258	242	252	251	219	163	206	179	179	166
Restricted cash (notes 8 and 16)
9	12	28	27	92	31	7	51	73	4	-	-	-	-	-	-	-
Accounts receivable, including non-trade of $9,133 (December 31, 2017 - $32,387) (note 2)
154	134	162	138	114	130	145	153	117	103	153	176	176	91	93	83	64
Vessels held for sale (note 14)
-	8	-	12	6	7	0	55	5	-	-	-	6	13	14	19	-
Net investments in direct financing leases - current (notes 4b and 9)
-	-	-	6	4	5	6	5	5	4	5	5	5	5	10	17	21
Prepaid expenses
32	37	30	26	25	45	37	34	34	30	34	31	30	29	41	36	29
Due from affiliates (note 7c)
55	51	-	44	77	88	74	81	37	44	55	15	25	29	7	6	19
Due from Affiliates
56	-	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of derivative instruments (note 12)
-	-	-	-	-	-	-	-	-	-	0	0	0	12	3	4	6
Advances to joint venture (note 20)
-	-	-	-	-	-	-	-	-	5	-	-	-	-	-	-	-
Other current assets (notes 2, 3b, 5 and 8)
14	10	29	17	21	22	21	20	14	4	3	3	-	0	0	1	1
Total current assets
467	495	509	688	569	554	674	660	531	449	504	450	409	388	351	347	308
Restricted cash - long-term (note 12)
-	-	-	0	22	15	21	9	-	42	-	-	-	-	-	-	-
Vessels and equipment
At cost, less accumulated depreciation of $1,637,286 (December 31, 2017 - $1,562,172)
4,312	4,388	4,398	3,825	4,084	4,168	4,178	4,348	3,274	3,010	2,931	3,059	2,935	2,327	2,446	2,539	2,247
Advances on newbuilding contracts and conversion costs (note 10g)
63	17	288	689	632	576	516	395	252	172	114	29	82	127	69	45	52
Net investments in direct financing leases (notes 4b and 9)
-	-	-	12	13	13	12	11	14	17	73	22	24	27	30	33	50
Investment in equity accounted joint ventures (notes 2 and 13)
207	195	169	168	141	126	120	77	74	54	58	52	62	-	-	-	-
Derivative instruments (note 7)
-	-	-	-	-	-	-	-	5	-	5	10	9	2	1	0	5
Deferred tax asset (note 2)
12	22	28	23	24	34	33	30	5	5	8	7	10	8	-	0	-
Due from affiliates (note 7c)
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets (notes 2, 3b, 5 and 8)
175	177	113	86	100	92	95	82	75	35	45	35	36	28	30	28	22
Intangible assets - net
-	-	-	-	-	-	-	-	5	-	8	10	12	15	18	21	28
Goodwill
129	129	129	129	129	129	129	129	129	129	129	127	127	127	127	127	127
Total assets
5,367	5,425	5,637	5,624	5,718	5,711	5,782	5,744	4,366	3,917	3,879	3,806	3,710	3,053	3,074	3,144	2,842
LIABILITIES AND EQUITY
Current
Accounts payable
9	12	43	37	8	13	28	15	12	15	16	15	23	15	19	16	12
Accrued liabilities (notes 8, 10 and 12)
147	142	187	210	150	155	138	91	120	68	121	138	154	61	72	82	88
Deferred revenues
54	55	69	58	57	61	54	54	25	25	24	29	-	22	-	-	-
Due to affiliates (note 7c)
67	57	108	124	96	112	97	304	143	108	75	121	-	47	-	-	-
Current portion of derivative instruments (note 8)
21	62	42	53	55	50	63	201	106	85	63	47	89	47	49	46	45
Due to affiliates (note 8b)
-	-	-	-	-	-	-	-	-	-	-	-	97	-	40	39	67
Current portion of long-term debt (note 6)
556	473	589	731	586	528	574	485	466	257	339	806	288	248	261	229	152
Current portion of in-process revenue contracts (note 6b)
-	-	-	10	12	12	12	12	12	12	12	12	12	12	12	13	-
Other current liabilities (note 5)
36	10	9	1	-	6	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
893	813	1,050	1,227	967	940	970	1,165	889	573	652	1,171	665	456	455	428	366
Long-term debt (note 6)
2,633	2,492	2,533	2,346	2,596	2,620	2,666	2,878	2,195	2,151	2,204	1,562	1,895	1,521	1,734	1,799	1,565
Deferred income tax (note 14)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1
Derivative instruments (note 8)
68	83	167	194	282	371	413	221	236	257	154	121	137	213	260	244	119
Due to affiliates (notes 7c, 7d, 7e and 7g)
125	290	163	160	200	200	200	0	-	-	-	-	-	-	-	-	-
In-process revenue contracts (note 6b)
-	-	-	43	50	53	56	63	69	75	82	88	95	101	107	113	-
Other long-term liabilities (notes 5 and 10)
238	281	249	181	211	215	221	192	60	44	27	23	37	26	32	35	19
Total liabilities
3,958	3,962	4,164	4,153	4,307	4,400	4,527	4,520	3,450	3,102	3,121	2,968	2,831	2,319	2,590	2,621	2,072
Commitments and contingencies (notes 6, 8 and 10)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Redeemable non-controlling interest
0	0	-0	-0	0	3	2	3	10	12	15	16	28	28	36	38	41
Convertible Preferred Units (nil and 12.5 million units issued and outstanding at December 31, 2017 and December 31, 2016, respectively) (note 16)
-	-	-	0	271	270	-	-	-	-	-	-	-	-	-	-	-
Equity
Limited partners - common units (410.3 million and 410.0 million units issued and outstanding at September 30, 2018 and December 31, 2017, respectively) (notes 2, 11 and 12)
829	879	1,004	999	784	697	-	-	-	-	-	-	-	-	-	-	-
Limited partners - preferred units (15.8 million and 11.0 million units issued and outstanding at September 30, 2018 and December 31, 2017, respectively) (note 11)
384	384	266	266	266	266	-	-	-	144	-	-	-	-	-	-	-
General Partner
14	15	15	14	20	18	17	17	20	21	19	21	20	20	-	-	-
Warrants (note 11)
132	132	132	132	13	13	13	0	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income (loss)
6	6	-0	-2	-0	-17	-19	0	-	-	-	-	-	-0	-0	-0	0
Partners' equity
-	-	-	-	-	-	-	-	848	-	687	787	800	661	408	444	556
Non-controlling interests
42	46	54	59	53	56	59	53	57	47	55	34	50	44	40	40	170
Total equity
1,408	1,463	1,473	1,470	1,138	1,036	983	967	906	802	743	821	851	705	448	484	728
Total liabilities and total equity
5,367	5,425	5,637	5,624	5,718	5,711	5,782	5,744	4,366	3,917	3,879	3,806	3,710	3,053	3,074	3,144	2,842