XML 154 R38.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Financing Transactions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Summary of Proceeds Received from Financial Transactions | During the years ended December 31, 2012, 2011, and 2010, the Company’s publicly traded subsidiaries, Teekay Tankers, Teekay Offshore and Teekay LNG completed the following public offerings and equity placements:
|  | Total Proceeds Received $ |  |  | Less: Teekay Corporation Portion $ |  |  | Offering Expenses $ |  |  | Net Proceeds Received $ |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Teekay Offshore Public Offerings |  |  | 219,474 |  |  |  | (4,389 | ) |  |  | (8,164 | ) |  |  | 206,921 |
Teekay Offshore Direct Equity Placement |  |  | 45,919 |  |  |  | (919 | ) |  |  | — |  |  |  | 45,000 |
Teekay Tankers Public Offerings |  |  | 69,000 |  |  |  | — |  |  |  | (3,229 | ) |  |  | 65,771 |
Teekay LNG Public Offering |  |  | 189,243 |  |  |  | (3,784 | ) |  |  | (6,927 | ) |  |  | 178,532 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Teekay Tankers Public Offerings |  |  | 112,054 |  |  |  | — |  |  |  | (4,820 | ) |  |  | 107,234 |
Teekay Offshore Private Equity Placement |  |  | 420,145 |  |  |  | (230,144 | ) |  |  | (279 | ) |  |  | 189,722 |
Teekay LNG Public Offerings |  |  | 356,133 |  |  |  | (7,123 | ) |  |  | (14,909 | ) |  |  | 334,101 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Teekay Offshore Public Offerings |  |  | 419,989 |  |  |  | (8,400 | ) |  |  | (18,645 | ) |  |  | 392,944 |
Teekay Tankers Public Offerings |  |  | 243,977 |  |  |  | (32,000 | ) |  |  | (9,279 | ) |  |  | 202,698 |
Teekay LNG Direct Equity Placement |  |  | 51,020 |  |  |  | (1,020 | ) |  |  | — |  |  |  | 50,000 |
(1) | Consists of the portion Teekay Corporation subscribed for in the public offering or equity placement.
As a result of the public offerings and equity placements of Teekay Tankers, Teekay Offshore and Teekay LNG, the Company recorded increases to retained earnings of $88.7 million (2012), $124.2 million (2011) and $123.2 million (2010). These amounts represent Teekay’s dilution gains from the issuance of units and shares in these consolidated subsidiaries.

X
- Definition Tabular disclosure of sales of stock or previously unissued stock made by subsidiary or equity method investee to investors outside the consolidated group. This includes stock issued in a business combination in exchange for shares of an acquired entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section H + Details
Name: | us-gaap_ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration