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	Ownership Percentage	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.