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Equity Method Investments (Tables)
12 Months Ended
Dec. 31, 2012
Financial Information of Joint Ventures

The following table presents aggregated summarized financial information assuming a 100% ownership interest in the Partnership’s equity method investments and excluding the impact from purchase price adjustments arising from the acquisition of the Excalibur and Excelsior Joint Ventures.

 

     As at December 31,  
     2012(1)(2)      2011(2)  
     $      $  

Cash and restricted cash

     155,943        94,508  

Other assets ¨ current

     57,868        34,100  

Vessels and equipment

     1,653,273        226,794  

Net investments in direct financing leases ¨ non-current

     1,938,011        1,728,702  

Other assets ¨ non-current

     180,898        165,912  

Current portion of long-term debt(3)

     1,075,853        71,073  

Other liabilities ¨ current

     122,702        69,826  

Long-term debt

     1,603,118        1,483,675  

Other liabilities ¨ non-current

     446,733        315,271  

 

     Years ended December 31,  
     2012(1)(2)     2011(2)     2010(4)  
   $     $     $  

Voyage revenues

     412,974       167,094       106,371  

Income from vessel operations

     278,067       124,553       83,992  

Realized and unrealized loss on derivative instruments

     (39,428     (41,622     (35,173

Net Income

     180,059       51,492       20,092  

 

(1) 

The results included for the Teekay LNG-Marubeni Joint Venture were from the acquisition of the MALT LNG Carriers, which were acquired on February 28, 2012.

(2) 

The results included for the Angola Joint Venture were from the time the vessels were delivered from August, September, October 2011 and January 2012, respectively.

(3) 

The Teekay LNG-Marubeni Joint Venture expects to refinance its existing debt facility maturing in August 2013 with two long-term project facilities and a medium-term facility, secured by all of the vessels under the joint venture as well as through guarantees from the joint venture partners based on their relative share holdings.

(4) 

The results included for the Excalibur and Excelsior Joint Ventures were from November 4, 2010.