v3.5.0.2
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 56,009 $ 126,076
Non-cash items:    
Depreciation and amortization 78,576 48,346
Loss on sale of vessel 137 0
Asset impairments (note 13) 14,186 0
Unrealized gain on derivative instruments (3,021) (5,297)
Equity income (9,599) (8,931)
Other 6,555 1,821
Change in operating assets and liabilities 45,089 571
Expenditures for dry docking (6,477) (17,749)
Net operating cash flow 181,455 144,837
FINANCING ACTIVITIES    
Proceeds from long-term debt, net of issuance costs 875,467 575,328
Repayments of long-term debt (119,252) (21,276)
Prepayment of long-term debt (957,541) (191,592)
Repayment of long-term debt of Entities under Common Control (note 3) (119,252) (21,276)
Net advances to affiliates (note 3) 0 (3,156)
Cash dividends paid (42,159) (10,519)
Proceeds from equity offerings, net of offering costs 0 227,995
Net financing cash flow (243,485) 574,450
INVESTING ACTIVITIES    
Proceeds from sale of vessels (note 13) 14,078 0
Expenditures for vessels and equipment (6,728) (230,664)
Expenditures for Principal Maritimes vessel acquisitions 0 (526,021)
Loan repayments from equity accounted investment (note 5a) 2,500 1,000
Return of capital from (investment in) Teekay Tanker Operations Ltd. (note 5c) 15,000 (239)
Acquisition of SPT, net of $0.4 million of cash assumed (note 17) 0 (45,581)
Net investing cash flow 24,850 (801,505)
Decrease in cash and cash equivalents (37,180) (82,218)
Cash and cash equivalents, beginning of the period 96,417 162,797
Cash and cash equivalents, end of the period 59,237 80,579
Entities under Common Control [Member]    
FINANCING ACTIVITIES    
Repayments of long-term debt 0 (3,971)
Repayment of long-term debt of Entities under Common Control (note 3) 0 (3,971)
Equity contribution from Teekay Corporation to Entities under Common Control (note 3) $ 0 $ 1,641