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Segment Reporting

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The following tables include results for the Partnership’s segments for the periods presented in these unaudited consolidated financial statements.

						Three Months Ended June 30,
						2021																		2020
						LNG Segment $						LPG Segment $						Total $						LNG Segment $						LPG Segment $						Total $
Voyage revenues						136,764						12,005						148,769						137,822						10,383						148,205
Voyage expenses						(841)						(5,519)						(6,360)						(806)						(4,523)						(5,329)
Vessel operating expenses						(27,260)						(5,276)						(32,536)						(24,599)						(3,808)						(28,407)
Time-charter hire expenses						(5,867)						—						(5,867)						(5,368)						—						(5,368)
Depreciation and amortization						(30,660)						(1,689)						(32,349)						(30,566)						(1,063)						(31,629)
General and administrative expenses(i)						(6,268)						(653)						(6,921)						(7,251)						(632)						(7,883)
Income (loss) from vessel operations						65,868						(1,132)						64,736						69,232						357						69,589
Equity income						26,000						2,940						28,940						27,795						4,360						32,155

						Six Months Ended June 30,
						2021																		2020
						LNG Segment $						LPG Segment $						Total $						LNG Segment $						LPG Segment $						Total $
Voyage revenues						278,180						23,391						301,571						270,392						17,700						288,092
Voyage expenses						(2,970)						(10,573)						(13,543)						(1,835)						(5,811)						(7,646)
Vessel operating expenses						(52,843)						(9,782)						(62,625)						(46,691)						(7,820)						(54,511)
Time-charter hire expenses						(11,717)						—						(11,717)						(11,290)						—						(11,290)
Depreciation and amortization						(60,892)						(3,359)						(64,251)						(61,158)						(3,110)						(64,268)
General and administrative expenses(i)						(12,871)						(1,217)						(14,088)						(13,004)						(1,046)						(14,050)
Write-down of vessels						—						—						—						—						(45,000)						(45,000)
Income (loss) from vessel operations						136,887						(1,540)						135,347						136,414						(45,087)						91,327
Equity income						58,939						7,517						66,456						27,977						4,551						32,528

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

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

						June 30, 2021						December 31, 2020
						$						$
Total assets of the LNG segment						4,411,512						4,395,336
Total assets of the LPG segment						243,307						246,982
Unallocated:
Cash and cash equivalents						144,206						206,762
Advances to affiliates						6,940						4,924
Consolidated total assets						4,805,965						4,854,004

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

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