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CONSOLIDATED STATEMENTS OF LOSS (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES $ 1,956,235 $ 1,953,782 $ 2,095,753
OPERATING EXPENSES      
Voyage expenses 138,283 176,614 245,097
Vessel operating expenses (note 15) 730,119 677,687 630,547
Time-charter hire expense 130,739 214,179 285,992
Depreciation and amortization 455,898 428,608 440,705
General and administrative (note 12 and 15) 202,967 223,616 193,743
Asset impairments (note 18) 434,082 155,288 51,210
Net loss (gain) on sale of vessels and equipment (note 18) 6,975 (4,229) (2,060)
Bargain purchase gain (note 3a)   (68,535)  
Goodwill impairment charge (note 6)   36,652  
Restructuring charges (note 20) 7,565 5,490 16,396
Total operating expenses 2,106,628 1,845,370 1,861,630
(Loss) income from vessel operations (150,393) 108,412 234,123
OTHER ITEMS      
Interest expense (167,615) (137,604) (136,107)
Interest income 6,159 10,078 12,999
Realized and unrealized loss on non-designated derivative instruments (note 15) (80,352) (342,722) (299,598)
Equity income (loss) (note 18b and 23) 79,211 (35,309) (11,257)
Foreign exchange (loss) gain (note 8 and 15) (12,898) 12,654 31,983
Other income (loss) (note 14) 366 12,360 (5,118)
Net loss before income taxes (325,522) (372,131) (172,975)
Income tax recovery (expense) (note 21) 14,406 (4,290) 6,340
Net loss (311,116) (376,421) (166,635)
Less: Net loss (income) attributable to non-controlling interests 150,936 17,805 (100,652)
Net loss attributable to stockholders of Teekay Corporation $ (160,180) $ (358,616) $ (267,287)
Per common share of Teekay Corporation (note 19)      
Basic loss attributable to stockholders of Teekay Corporation $ (2.31) $ (5.11) $ (3.67)
Diluted loss attributable to stockholders of Teekay Corporation $ (2.31) $ (5.11) $ (3.67)
Cash dividends declared $ 1.2650 $ 1.2650 $ 1.2650
Weighted average number of common shares outstanding (note 19)      
Basic 69,263,369 70,234,817 72,862,617
Diluted 69,263,369 70,234,817 72,862,617