v2.4.0.6
Consolidated Statements of Changes in Equity (USD $)
In Thousands, except Share data
Total
USD ($)
Dropdown Predecessor Equity (note 1) [Member]
USD ($)
Common Stock and Paid-in Capital [Member]
Accumulated Deficit [Member]
USD ($)
Class A [Member]
Common Stock and Paid-in Capital [Member]
USD ($)
Class B [Member]
Common Stock and Paid-in Capital [Member]
USD ($)
Balance at Dec. 31, 2008 $ 710,531 $ 588,225   $ (58,939) $ 181,120 $ 125
Balance, Shares at Dec. 31, 2008     25,000      
Net income 55,460 18,690   36,770    
Net change in parent's equity from Dropdown Predecessor 78,059 77,854   205    
Acquisition of Ashkini Spirit LLC from Teekay Corporation (note 1) (57,000) (88,832)   31,832    
Proceeds from issuance of Class A common shares, net of offering costs (note 3) 65,508       65,508  
Proceeds from issuance of offering costs, shares     7,000      
Dividends declared to Teekay Corporation (23,368)     (23,368)    
Dividends declared to other parties (26,982)     (26,982)    
Balance at Dec. 31, 2009 802,208 595,937   (40,482) 246,628 125
Balance, Shares at Dec. 31, 2009     32,000      
Net income (23,142) (38,704)   15,562    
Net change in parent's equity from Dropdown Predecessor (241,430) (241,430)        
Proceeds from issuance of Class A common shares, net of offering costs (note 3) 234,583       234,583  
Proceeds from issuance of offering costs, shares     19,987      
Acquisition of Helga Spirit LLC, Yamuna Spirit LLC, and Kaveri Spirit LLC from Teekay Corporation (note 1) (168,684) (204,068)   35,384    
Acquisition of Esther Spirit LLC, and Iskmati Spirit LLC from Teekay Corporation (note 1) (107,500) (113,633)   6,133    
Dividends declared to Teekay Corporation (19,945)     (19,945)    
Dividends declared to other parties (35,299)     (35,299)    
Balance at Dec. 31, 2010 440,791 (1,898)   (38,647) 481,211 125
Balance, Shares at Dec. 31, 2010     51,987      
Net income (113,075) (104,010)   (9,065)    
Net change in parent's equity from Dropdown Predecessor 194,701 194,701        
Proceeds from issuance of Class A common shares, net of offering costs (note 3) 107,105       107,105  
Proceeds from issuance of offering costs, shares     9,890      
Dividends declared to Teekay Corporation (13,373)     (13,373)    
Dividends declared to other parties (37,985)     (37,985)    
Balance at Dec. 31, 2011 $ 578,164 $ 88,793   $ (99,070) $ 588,316 $ 125
Balance, Shares at Dec. 31, 2011     61,877