| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Revenues (notes 2, 5 and 7) | ||||||||
1,110,284 | 1,152,390 | 1,229,413 | 1,019,539 | 930,739 | 901,227 | 840,982 | 840,663 | 871,112 |
Voyage expenses (note 2) | ||||||||
99,444 | 80,750 | 98,006 | 112,540 | 103,643 | -110,483 | 97,584 | 113,508 | 111,026 |
Vessel operating expenses (notes 2 and 7) | ||||||||
353,564 | 364,441 | 378,480 | 352,209 | 344,128 | 317,576 | 307,960 | 255,561 | 260,977 |
Time-charter hire expenses | ||||||||
80,315 | 75,485 | 51,750 | 31,090 | 56,682 | 56,989 | 74,478 | 89,795 | 117,202 |
Depreciation and amortization (notes 1 and 2) | ||||||||
309,975 | 300,011 | 274,599 | 198,553 | 199,006 | 189,364 | 171,730 | 174,861 | 181,176 |
General and administrative (notes 7 and 12) | ||||||||
62,249 | 56,122 | 72,613 | 67,516 | 44,473 | 34,581 | 37,133 | 61,192 | 61,761 |
Gain on sale and (write-down) of vessels (note 15) | ||||||||
-318,078 | -40,079 | -69,998 | -1,638 | -76,782 | -24,542 | -37,039 | 9,441 | - |
Restructuring charge (note 14) | ||||||||
2,664 | 4,649 | 568 | -225 | 2,607 | 1,115 | 3,924 | 119 | 5,008 |
Total operating expenses | ||||||||
- | - | - | - | - | - | 729,848 | 704,477 | 737,150 |
Income (loss) from vessel operations | ||||||||
-116,005 | 230,853 | 283,399 | 256,218 | 103,418 | 166,577 | 111,134 | 136,186 | 133,962 |
Interest expense (notes 6, 7 and 8) | ||||||||
154,890 | 140,611 | 122,838 | 88,381 | 62,855 | 47,508 | 35,929 | 36,576 | 50,798 |
Interest income | ||||||||
2,707 | 1,257 | 633 | 719 | 2,561 | 1,027 | 659 | 842 | 1,239 |
Realized and unrealized gain (loss) on derivative instruments (note 8) | ||||||||
-42,853 | -20,313 | -73,704 | -143,703 | 34,820 | -26,349 | -159,744 | -55,666 | 51,944 |
Equity income (note 2) | ||||||||
14,442 | 17,933 | 7,672 | 10,341 | 6,731 | - | 0 | - | - |
Foreign currency exchange loss (note 8) | ||||||||
-14,006 | -14,805 | -17,467 | -16,140 | -5,278 | -315 | 1,500 | 941 | -11,242 |
Losses on debt repurchases (notes 6 and 7h) | ||||||||
- | - | - | - | -1,759 | - | - | - | - |
Other (expense) income - net (note 10b) | ||||||||
11,065 | -21,031 | 1,091 | 781 | 1,144 | 1,538 | 3,683 | 6,810 | 9,489 |
Total other items | ||||||||
- | - | - | - | - | - | -189,831 | -83,649 | 632 |
Loss before income tax expense | ||||||||
-299,540 | 53,283 | 78,786 | 19,835 | 78,782 | 94,970 | -78,697 | 52,537 | 134,594 |
Income tax expense (notes 2 and 9) | ||||||||
-98 | 8,808 | -21,357 | 2,179 | 2,225 | -10,477 | 6,679 | -9,718 | 13,792 |
Net income from continuing operations | ||||||||
- | - | - | - | 76,557 | 105,447 | -85,376 | 62,255 | - |
Net loss from discontinued operations (notes 11 and 19) | ||||||||
- | - | - | - | -4,642 | 17,568 | -11,495 | 16,608 | - |
Net loss | ||||||||
-299,442 | 44,475 | 100,143 | 17,656 | 71,915 | 123,015 | -96,871 | 78,863 | 120,802 |
Non-controlling interests in net income (loss) from continuing operations | ||||||||
- | - | - | - | - | - | 18,901 | 29,240 | - |
Non-controlling interests in net income (loss) from discontinued operations | ||||||||
- | - | - | - | - | - | 3,553 | 8,138 | - |
Non-controlling interests in net loss | ||||||||
3,764 | 11,858 | 13,911 | 10,503 | -19,089 | 58 | 22,454 | -37,378 | -57,490 |
Preferred unitholders' interest in net loss (note 11) | ||||||||
42,065 | 45,836 | 28,609 | 10,875 | 7,250 | - | - | - | - |
Dropdown Predecessor's interest in net income (loss) (note 2) | ||||||||
- | - | - | - | - | - | - | -16,685 | -419 |
General Partner's interest in net income (loss) from continuing operations | ||||||||
- | - | - | - | - | - | - | 3,723 | - |
General Partner's interest in net (loss) income from discontinued operations | ||||||||
- | - | - | - | - | - | - | 636 | - |
General Partners interest in net loss | ||||||||
-5,770 | -267 | 16,317 | 15,658 | 13,674 | 11,055 | 4,396 | 4,359 | - |
Limited partners' interest in net loss | ||||||||
-339,501 | -12,952 | 31,205 | -19,380 | 72,305 | 111,902 | -108,646 | 53,811 | - |
Limited partners' interest in net loss for basic loss per common unit (note 11) | ||||||||
-320,749 | -31,326 | 31,205 | -19,380 | - | - | - | - | - |
Limited partners' interest in net loss per common unit | ||||||||
- basic (note 11) (usd per share) | ||||||||
-1.45 | -0.25 | 0.32 | -0.22 | 0.88 | 1.52 | -1.74 | - | - |
Limited partners' interest in net income (loss) from continuing operations | ||||||||
- | - | - | - | - | - | - | 45,977 | - |
Limited partners' interest in net income from continuing operations per common unit - basic (note 16) | ||||||||
- | - | - | - | - | - | -1.49 | - | - |
Limited partners' interest in net (loss) income from discontinued operations | ||||||||
- | - | - | - | - | - | - | 7,834 | - |
Limited partners' interest in net income (loss) from discontinued operations per common unit - basic (note 16) | ||||||||
- | - | - | - | - | - | -0.25 | - | - |
- diluted (note 11) (usd per share) | ||||||||
-1.46 | -0.25 | 0.32 | -0.22 | 0.88 | 1.52 | -1.74 | - | - |
Limited partners' interest in net income from continuing operations per common unit - diluted (note 16) | ||||||||
- | - | - | - | - | - | -1.49 | - | - |
Limited partners' interest in net income (loss) from discontinued operations per common unit - diluted (note 16) | ||||||||
- | - | - | - | - | - | -0.25 | - | - |
Weighted-average number of common units outstanding: | ||||||||
- basic (shares) | ||||||||
220,755 | 124,747 | 98,507 | 86,212 | 82,634 | 73,750 | 62,362 | 44,278,158 | - |
- diluted (shares) | ||||||||
229,940 | 124,747 | 98,602 | 86,212 | 82,659 | 73,750 | 62,362 | 44,278,158 | - |
General Partner's interest in net (loss) income | ||||||||
- | - | - | - | - | - | - | - | -2,523 |
Limited partners' interest in net (loss) income | ||||||||
- | - | - | - | - | - | - | - | 61,208 |
Common unit (basic and diluted) | ||||||||
- | - | - | - | - | - | - | - | 1.85 |
Subordinated unit (basic and diluted) | ||||||||
- | - | - | - | - | - | - | - | 1.80 |
Total unit (basic and diluted) | ||||||||
- | - | - | - | - | - | - | - | 1.84 |
- Common units (basic and diluted) (note 12) | ||||||||
- | - | - | - | - | - | - | - | 23,476 |
Subordinated units (basic and diluted) | ||||||||
- | - | - | - | - | - | - | - | 9,800 |
Total units (basic and diluted) | ||||||||
- | - | - | - | - | - | - | - | 33,276 |
Cash distributions declared per common unit (usd per share) | ||||||||
0.14 | 0.44 | 2.17 | 2.15 | 2.11 | 2.04 | 1.98 | 1.88 | 1.80 |