XML 47 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Total Capital and Net Income Per Unit (Tables)
 12 Months Ended
Dec. 31, 2011
Total Capital and Net Income Per Unit [Abstract]  
Issuances of common units
                                             

Date

   Number of
Common
Units
Issued		     Offering
Price		     Gross
Proceeds  (1)		     Net
Proceeds		     Teekay
Corporation’s
Ownership
After the
Offering (2)		    

Use of Proceeds

March 2009

     4,000,000     $ 17.60       71,800       68,691       53.10 %    Prepayment of revolving credit facilities

November 2009

     3,950,600     $ 24.40       98,400       93,737       49.20 %    Prepayment of revolving credit facilities

July 2010

     1,713,502     $ 29.18       51,000       50,921       47.70 %    Prepayment of revolving credit facilities and general corporate purposes

November 2010

     1,052,749     $ 35.44       38,070       38,070       46.83 %    Acquisition of Excelsior Joint Venture

April 2011

     4,251,800     $ 38.88       168,684       161,655       43.62 %    Prepayment of revolving credit facilities

November 2011

     5,500,000     $ 33.40       187,449       179,523       40.09 %    Prepayment of revolving credit facilities

 

(1) Including General Partner’s 2% proportionate capital contribution
(2) Including Teekay Corporation’s indirect 2% general partner interest
Incentive Distributions
                 

Quarterly Distribution Target Amount (per unit)

   Unitholders     General Partner  

Minimum quarterly distribution of $0.4125

     98 %      2 % 

Up to $0.4625

     98 %      2 % 

Above $0.4625 up to $0.5375

     85 %      15 % 

Above $0.5375 up to $0.65

     75 %      25 % 

Above $0.65

     50 %      50 %