XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Unaudited Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
REVENUES $ 430,707 $ 486,781 $ 881,744 $ 987,887
OPERATING EXPENSES        
Voyage expenses 26,154 39,176 52,469 77,813
Vessel operating expenses 195,978 191,773 383,442 379,527
Time-charter hire expense 26,544 31,491 53,996 75,470
Depreciation and amortization 109,769 115,068 212,263 229,682
General and administrative 35,395 36,230 74,666 74,592
Asset impairments and provisions (note 6b) 7,042 1,048 10,207 1,048
(Gain) loss on sale of vessels and equipment (note 6a) (1,341) 2,221 (1,309) 2,024
Restructuring charges (note 11) 1,789 1,525 3,843 1,525
Total operating expenses 401,330 418,532 789,577 841,681
Income (loss) from vessel operations 29,377 68,249 92,167 146,206
OTHER ITEMS        
Interest expense (44,687) (42,707) (87,197) (85,007)
Interest income 2,018 1,645 3,036 3,691
Realized and unrealized gain (loss) on non-designated derivative instruments (note 14) 56,035 (94,598) 42,246 (89,783)
Equity income 47,372 5,291 74,687 22,935
Foreign exchange gain (notes 7 and 14) 678 17,835 2,867 2,011
Other (loss) income (note 12) (1,386) 89 3,856 2,432
Net income (loss) before income taxes 89,407 (44,196) 131,662 2,485
Income tax (expense) recovery (note 15) (1,873) 1,849 (4,373) 5,417
Net income (loss) 87,534 (42,347) 127,289 7,902
Less: Net income attributable to non-controlling interests (76,167) (4,927) (122,058) (54,110)
Net income (loss) attributable to stockholders of Teekay Corporation $ 11,367 $ (47,274) $ 5,231 $ (46,208)
Per common share of Teekay Corporation (note 16)        
Basic earnings (loss) attributable to stockholders of Teekay Corporation $ 0.16 $ (0.68) $ 0.07 $ (0.67)
Diluted earnings (loss) attributable to stockholders of Teekay Corporation $ 0.16 $ (0.68) $ 0.07 $ (0.67)
Cash dividends declared $ 0.3163 $ 0.3163 $ 0.6325 $ 0.6325
Weighted average number of common shares outstanding(note 16)        
Basic 70,393,531 69,231,419 70,142,301 69,043,639
Diluted 71,314,629 69,231,419 71,142,363 69,043,639