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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES      
Net (loss) income $ (386,721) $ (166,635) $ 209,777
Non-cash items:      
Depreciation and amortization 428,608 440,705 437,176
Amortization of in-process revenue contracts (note 6) (46,436) (48,254) (75,977)
Gain on sale of marketable securities (2,906) (1,805)  
Gain on sale of vessels and equipment (4,861) (2,012) (27,683)
Write-down of intangibles and other   31,730 16,105
Write-down for impairment of goodwill 36,652    
Write-down of equity accounted investments (note 18b) 19,411    
Write-down of vessels and equipment 155,920 19,432 24,221
Bargain purchase gain (58,235)    
Loss on repurchase of notes   12,645 566
Equity loss (income), net of dividends received 31,376 11,257 (49,299)
Income tax expense (recovery) 4,290 (6,340) 22,889
Employee stock option compensation 16,262 15,264 11,255
Unrealized foreign exchange (gain) loss (11,614) (21,427) 16,605
Unrealized loss (gain) on derivative instruments 70,822 140,187 (293,174)
Other (5,408) (929) 5,140
Change in operating assets and liabilities (note 17a) (84,347) 45,415 148,655
Expenditures for dry docking (55,620) (57,483) (78,005)
Net operating cash flow 107,193 411,750 368,251
FINANCING ACTIVITIES      
Proceeds from issuance of long-term debt (note 8) 2,114,879 1,769,742 1,194,037
Debt issuance costs (10,634) (14,471) (11,745)
Scheduled repayments of long-term debt (449,640) (210,025) (156,315)
Prepayments of long-term debt (881,207) (1,536,587) (1,583,852)
Repayments of capital lease obligations (89,145) (38,958) (37,248)
Proceeds from loans to equity accounted investees   1,182 649
Repayment of loans from equity accounted investees (59) (1,235) (24,140)
Decrease in restricted cash (note 10) 73,105 30,291 38,953
Net proceeds from issuance of Teekay LNG Partners L.P. units (note 5) 334,101 50,000 158,996
Net proceeds from issuance of Teekay Offshore Partners L.P. units (note 5) 189,722 392,944 102,009
Net proceeds from issuance of Teekay Tankers Ltd. shares (note 5) 107,234 202,698 65,556
Issuance of Common Stock upon exercise of stock options 5,906 5,735 2,007
Repurchase of Common Stock (122,195) (40,111)  
Distribution paid from subsidiaries to non-controlling interests (201,942) (159,808) (109,942)
Cash dividends paid (93,480) (92,695) (91,747)
Net financing cash flow 976,645 358,702 (452,782)
INVESTING ACTIVITIES      
Expenditures for vessels and equipment (755,045) (343,091) (495,214)
Proceeds from sale of vessels and equipment 33,424 70,958 219,834
Proceeds from sale of marketable securities 8,774 565  
Acquisition, net of cash acquired of $50,230 (note 3) (322,500)    
Investment in term loans (note 4) (70,000) (115,575)  
Investment in equity accounted investees (note 23) (38,496) (45,480) (7,426)
Advances to equity accounted investees (55,156) (5,447) (1,369)
Investment in direct financing lease assets   (886) (25,526)
Direct financing lease payments received 27,608 25,782 1,084
Other investing activities (68) (40) 1,493
Net investing cash flow (1,171,459) (413,214) (307,124)
(Decrease) increase in cash and cash equivalents (87,621) 357,238 (391,655)
Cash and cash equivalents, beginning of the year 779,748 422,510 814,165
Cash and cash equivalents, end of the year $ 692,127 $ 779,748 $ 422,510