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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2012

Revenues and Percentage of Consolidated Voyage Revenues from Customers

The following table presents voyage revenues and percentage of consolidated voyage revenues for customers that accounted for more than 10% of the Partnership’s consolidated voyage revenues during any of the periods presented.

(U.S. Dollars in millions)		Year Ended December 31, 2012		Year Ended December 31, 2011		Year Ended December 31, 2010
Ras Laffan Liquefied Natural Gas Company Ltd.(1)		$69.6 or 18%		$68.8 or 18%		$68.7 or 18%
Repsol YPF, S.A.(1)		$50.3 or 13%		$53.9 or 14%		$51.9 or 14%
Compania Espanola de Petroleos(2)		$47.3 or 12%		$44.4 or 12%		$44.0 or 12%
The Tangguh Production Sharing Contractors(1)		$45.4 or 12%		$43.7 or 12%		$42.8 or 11%
Teekay Corporation(1)		$37.6 or 10%		Less than 10%		$36.5 or 10%

⁽¹⁾  Liquefied gas segment.

⁽²⁾  Conventional tanker segment.

Segment Reporting Information

The following tables include results for these segments for the years presented in these financial statements.

		Year Ended December 31, 2012
		Liquefied Gas Segment $				Conventional Tanker Segment $				Total $
Voyage revenues			278,511				113,740				392,251
Voyage expenses			66				1,706				1,772
Vessel operating expenses			45,816				40,531				86,347
Depreciation and amortization			69,064				30,761				99,825
General and administrative(1)			17,532				9,617				27,149
Write down of vessels			—				29,367				29,367
Income from vessel operations			146,033				1,758				147,791
Equity income			78,866				—				78,866
Investment in and advances to equity accounted joint ventures			409,735				—				409,735
Total assets at December 31, 2012			3,143,205				495,556				3,638,761
Expenditures for vessels and equipment			39,366				528				39,894
Expenditures for dry docking			6,054				1,439				7,493

		Year Ended December 31, 2011
		Liquefied Gas Segment $				Conventional Tanker Segment $				Total $
Voyage revenues			269,408				110,567				379,975
Voyage expenses			(87	)			1,474				1,387
Vessel operating expenses			47,773				41,273				89,046
Depreciation and amortization			62,889				29,030				91,919
General and administrative(1)			13,385				10,735				24,120
Income from vessel operations			145,448				28,055				173,503
Equity income			20,584				—				20,584
Investment in and advances to equity accounted joint ventures			191,448				—				191,448
Total assets at December 31, 2011			2,911,659				552,689				3,464,348
Expenditures for vessels and equipment			63,686				999				64,685
Expenditures for dry docking			13,831				5,807				19,638

		Year Ended December 31, 2010
		Liquefied Gas Segment $				Conventional Tanker Segment $				Total $
Voyage revenues			264,816				109,192				374,008
Voyage expenses			29				2,013				2,042
Vessel operating expenses			46,496				38,081				84,577
Depreciation and amortization			60,954				28,393				89,347
General and administrative(1)			12,239				11,008				23,247
Gain on sale of vessel			(4,340	)			—				(4,340	)
Restructuring charge			—				175				175
Income from vessel operations			149,438				29,522				178,960
Equity income			8,043				—				8,043
Expenditures for vessels and equipment			24,095				2,557				26,652
Expenditures for dry docking			2,014				10,713				12,727

⁽¹⁾  Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).

Reconciliation of Total Segment Assets

A reconciliation of total segment assets presented in the consolidated balance sheets is as follows:

		December  31, 2012 $				December  31, 2011 $
Total assets of the liquefied gas segment			3,143,205				2,911,659
Total assets of the conventional tanker segment			495,556				552,689
Unallocated:
Cash and cash equivalents			113,577				93,627
Accounts receivable and prepaid expenses			19,244				18,837
Advances to affiliates			13,864				11,922
Consolidated total assets			3,785,446				3,588,734

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification

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Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Publisher FASB

-Name Accounting Standards Codification

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