XML 74 R53.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Equity Accounted Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Equity Method Investments And Joint Ventures [Abstract] |
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 U.S. dollars, except percentages):
|  |  |  | As at December 31, |
Investments in Equity Accounted Investments |  | Ownership Percentage |  | 2013 $ |  |  | 2012 $ |
Teekay LNG-Marubeni Joint Venture (note 3b) |  | 52% |  |  | 228,183 |  |  |  | 183,724 |
RasGas 3 Joint Venture |  | 40% |  |  | 125,648 |  |  |  | 107,386 |
Exmar Joint Venture |  | 50% |  |  | 86,387 |  |  |  | 82,737 |
Exmar LPG Joint Venture |  | 50% |  |  | 82,576 |  |  |  | — |
Angola Joint Venture (note 3a) |  | 33% |  |  | 54,168 |  |  |  | 28,699 |
Tiro and Sidon Joint Venture |  | 50% |  |  | 52,118 |  |  |  | 30,024 |
Sevan Marine Equity Investment |  | 43% |  |  | 40,740 |  |  |  | 39,223 |
Other |  | 33% - 50% |  |  | 20,489 |  |  |  | 8,250 |
Total |  |  |  |  | 690,309 |  |  |  | 480,043 |
|  | Ownership Percentage |  | As at December 31, |
Loans to Equity Accounted Investees |  |  | 2013 |  |  | 2012 |
Sevan Marine Equity Investment |  | 43% |  |  | — |  |  |  | 133,000 |
Exmar LPG Joint Venture |  | 50% |  |  | 82,068 |  |  |  | — |
Tiro and Sidon Joint Venture |  | 50% |  |  | 12,781 |  |  |  | 18,121 |
SkaugenPetroTrans Joint Venture |  | 50% |  |  | 16,079 |  |  |  | 9,500 |
Other |  | 33% - 52% |  |  | 29,844 |  |  |  | 22,233 |
Total (1) |  |  |  |  | 140,772 |  |  |  | 182,854 |
(1) | The Company also has loans to joint venture partners of $28.5 million as at December 31, 2013 (2012—$24.0 million).
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, |
|  | 2013(1) |  |  | 2012(2)(3) |
Cash and restricted cash |  |  | 323,065 |  |  |  | 229,963 |
Other assets - current |  |  | 168,537 |  |  |  | 125,152 |
Vessels and equipment |  |  | 2,598,690 |  |  |  | 2,114,435 |
Net investment in direct financing leases |  |  | 1,907,458 |  |  |  | 1,938,011 |
Other assets - non-current |  |  | 310,649 |  |  |  | 228,887 |
Current portion of long-term debt |  |  | 500,831 |  |  |  | 1,106,706 |
Other liabilities - current |  |  | 217,511 |  |  |  | 193,785 |
Long-term debt |  |  | 2,807,153 |  |  |  | 1,911,419 |
Other liabilities - non-current |  |  | 422,482 |  |  |  | 469,220 |
|  | Year ended December 31, |
|  | 2013(1) |  |  | 2012(2)(3) |  |  | 2011(3) |
Revenues |  |  | 940,187 |  |  |  | 659,030 |  |  |  | 303,607 |
Income from vessel operations |  |  | 327,748 |  |  |  | 241,702 |  |  |  | 118,408 |
Realized and unrealized loss on derivative instruments |  |  | 16,334 |  |  |  | (56,307 | ) |  |  | (127,230 | )
Net income (loss) |  |  | 287,628 |  |  |  | 120,395 |  |  |  | (48,996 | )
(1) | The results included for the Exmar LPG BVBA are from the date of acquisition in February 2013.
(2) | The results included for the Teekay LNG-Marubeni Joint Venture are from the date of acquisition of the MALT LNG Carriers which were acquired in February 2012.
(3) | 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.

X
- Definition A table of investments, shown as a text block. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 6 -Section 10 -Paragraph (c) -Subparagraph (1) + Details
Name: | invest_InvestmentTableTextBlock
Namespace Prefix: | invest_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + 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 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration