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Equity Accounted Investments (Tables) | 12 Months Ended
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Dec. 31, 2012
Condensed Summary of Company's Investments in and Advances to Joint Ventures | A condensed summary of the Company’s investments in and advances to equity accounted investments are as follows (in thousands of dollars, except percentages):
|  |  |  |  | As at December 31, |
Investments in Equity Accounted Investments |  | Ownership Percentage |  |  | 2012 $ |  |  | 2011 $ |
Malt Joint Venture (note 3b) |  |  | 52 | % |  |  | 183,724 |  |  |  | — |
RasGas 3 Joint Venture |  |  | 40 | % |  |  | 107,386 |  |  |  | 97,423 |
Exmar Joint Venture |  |  | 50 | % |  |  | 82,737 |  |  |  | 81,242 |
Angola Joint Venture |  |  | 33 | % |  |  | 28,699 |  |  |  | 16,063 |
Sevan Marine Equity Investment (note 3a) |  |  | 43 | % |  |  | 39,223 |  |  |  | 34,898 |
Tiro and Sidon Joint Venture |  |  | 50 | % |  |  | 30,024 |  |  |  | — |
Other |  |  | 40% to 50% |  |  |  | 8,250 |  |  |  | 10,911 |
Total |  |  |  |  |  |  | 480,043 |  |  |  | 240,537 |
|  |  |  |  | As at December 31, |
Loans to Equity Accounted Investees |  | Ownership Percentage |  |  | 2012 |  |  | 2011 |
Sevan Marine Equity Investment |  |  | 43 | % |  |  | 133,000 |  |  |  | 50,000 |
Tiro and Sidon Joint Venture |  |  | 50 | % |  |  | 18,121 |  |  |  | — |
Other |  |  | 40% to 50% |  |  |  | 55,782 |  |  |  | 35,248 |
Total |  |  |  |  |  |  | 206,903 |  |  |  | 85,248 |
Condensed Summary of Company's Financial Information for Joint Venture | A condensed summary of the Company’s financial information for equity accounted investments (33% to 52% owned) shown on a 100% basis are as follows:
|  | As at December 31, |
|  | 2012 (1)(2) |  |  | 2011 (2) |
Cash and restricted cash |  |  | 229,963 |  |  |  | 184,296 |
Other assets- current |  |  | 125,152 |  |  |  | 105,925 |
Vessels and equipment |  |  | 2,114,435 |  |  |  | 462,335 |
Net investment in direct financing leases |  |  | 1,938,011 |  |  |  | 1,728,902 |
Other assets—non-current |  |  | 228,887 |  |  |  | 188,384 |
Current portion of long-term debt (3) |  |  | 1,106,706 |  |  |  | 106,584 |
Other liabilities—current |  |  | 193,785 |  |  |  | 138,945 |
Long-term debt |  |  | 1,911,419 |  |  |  | 1,567,215 |
Other liabilities—non-current |  |  | 469,220 |  |  |  | 395,750 |
|  | Year ended December 31, |
|  | 2012 (1)(2) |  |  | 2011 (2) |  |  | 2010 (4) |
Revenues |  |  | 659,030 |  |  |  | 303,607 |  |  |  | 232,516 |
Income from vessel operations |  |  | 241,702 |  |  |  | 118,408 |  |  |  | 91,290 |
Realized and unrealized loss on derivative instruments |  |  | (56,307 | ) |  |  | (127,230 | ) |  |  | (95,750 | )
Net income (loss) |  |  | 120,395 |  |  |  | (48,996 | ) |  |  | (44,794 | )
(1) | The results included for the Teekay LNG-Marubeni Joint Venture are from the date of acquisition of the MALT LNG Carriers which were acquired on February 28, 2012.
(2) | The results included for the Angola Joint Venture are from the time the vessels were delivered in August, September, October 2011 and January 2012, respectively.
(3) | The Teekay LNG-Marubeni Joint Venture expects to refinance its existing debt facility maturing in August 2013 with two long-term project facilities and a medium-term facility, secured by all of the vessels under the joint venture as well as through several guarantees from the joint venture partners based on their relative share holdings.
(4) | The results included for the Excalibur and Excelsior Joint Ventures are from November 4, 2010.

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- Definition Schedule of equity method investments and advances to joint ventures. + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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