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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net income $ 97,356 $ 92,944 $ 81,937
Non-cash items:      
Unrealized loss on derivative instruments (note 13) 277 34,306 3,788
Depreciation and amortization 91,919 89,347 82,686
Unrealized foreign currency exchange (gain) loss (10,221) (26,700) 9,532
Equity based compensation 95 151 361
Equity income, net of dividends received of $15,340 (2010 and 2009 - nil) (5,244) (8,043) (27,639)
Amortization of deferred debt issuance costs and other 960 3,375 1,660
Gain on sale of vessel (note 17a)   (4,340)  
Accrued interest and other - net (24) 3,628 1,800
Change in operating assets and liabilities (note 15a) (33,434) 3,029 26,988
Expenditures for drydocking (19,638) (12,727) (9,729)
Net operating cash flow 122,046 174,970 171,384
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt 600,862 100,945 220,050
Debt issuance costs (2,578) (137) (1,281)
Scheduled repayments of long-term debt (290,940) (76,018) (80,301)
Prepayments of long-term debt (383,000) (72,000) (185,900)
Scheduled repayments of capital lease obligations and other long-term liabilities (89,350) (39,147) (37,437)
Proceeds from equity offerings net of offering costs (note 16) 341,178 50,921 162,559
Advances to and from affiliates 27,048 16,545 24,041
Advances to and from joint venture partners   (10,200)  
Repayment of joint venture partners' advances   (1,235)  
Decrease in restricted cash 76,249 30,741 30,710
Cash distributions paid (159,380) (135,514) (114,539)
Excess of purchase price over the contributed basis of Teekay Tangguh Borrower LLC (note 12f)     (31,829)
Equity contribution from Teekay Corporation to Dropdown Predecessor (note 2)   466 1,567
Purchase of Skaugen Multigas Subsidiaries (note 12h) (114,466)    
Proceeds on sale of 1% interest in Kenai LNG Carriers (note 12j)     2,300
Proceeds on sale of 1% interest in Skaugen LPG Carriers and Skaugen Multigas Subsidiaries (note 12k) 1,812    
Distribution to Teekay Corporation for the acquisition of Alexander Spirit LLC, Bermuda Spirit LLC and Hamilton Spirit LLC (note 2)   (33,997)  
Other (261) 884  
Net financing cash flow 7,174 (167,746) (10,060)
INVESTING ACTIVITIES      
Purchase of Excalibur and Excelsior Joint Ventures (note 17)   (35,169)  
Purchase of equity investment in three Angola LNG Carriers (note 12l) (57,287)    
Proceeds received from the sale of Dania Spirit (note 17a)   21,556  
Advances to joint venture (830)   (2,856)
Purchase of Teekay Tangguh Borrower LLC (note 12f)     (37,259)
Receipts from direct financing leases 6,154 5,746 4,426
Expenditures for vessels and equipment (64,685) (26,652) (134,926)
Net investing cash flow (116,648) (34,519) (170,615)
Increase (decrease) in cash and cash equivalents 12,572 (27,295) (9,291)
Cash and cash equivalents, beginning of the year 81,055 108,350 117,641
Cash and cash equivalents, end of the year 93,627 81,055 108,350
Supplemental cash flow information (note 15)