XML 41 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting [Abstract] |
Segment Results Information | The following tables include results for the Company’s four segments for the three and six months ended June 30, 2014 and 2013:
|  | Shuttle |  |  |  |  |  | Liquefied |  |  | Conventional |  |  |  |
Three Months ended June 30, 2014 |  | Tanker and FSO |  |  | FPSO |  |  | Gas |  |  | Tanker |  |  |  |
|  | Segment |  |  | Segment |  |  | Segment |  |  | Segment |  |  | Total |
Revenues |  |  | 142,816 |  |  |  | 131,155 |  |  |  | 81,970 |  |  |  | 96,313 |  |  |  | 452,254 |
Voyage expenses |  |  | 24,890 |  |  |  | 172 |  |  |  | 739 |  |  |  | 7,638 |  |  |  | 33,439 |
Vessel operating expenses |  |  | 46,989 |  |  |  | 92,436 |  |  |  | 17,139 |  |  |  | 45,150 |  |  |  | 201,714 |
Time-charter hire expense |  |  | 4,975 |  |  |  | — |  |  |  | — |  |  |  | 4,739 |  |  |  | 9,714 |
Depreciation and amortization |  |  | 27,039 |  |  |  | 38,056 |  |  |  | 17,888 |  |  |  | 20,390 |  |  |  | 103,373 |
General and administrative(1) |  |  | 8,005 |  |  |  | 15,524 |  |  |  | 6,294 |  |  |  | 7,122 |  |  |  | 36,945 |
Loan loss recoveries |  |  | — |  |  |  | (2,521 | ) |  |  | — |  |  |  | — |  |  |  | (2,521 | )
Gain on sale of vessels and equipment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,615 | ) |  |  | (9,615 | )
Restructuring charges |  |  | (820 | ) |  |  | — |  |  |  | — |  |  |  | 576 |  |  |  | (244 | )
Income (loss) from vessel operations |  |  | 31,738 |  |  |  | (12,512 | ) |  |  | 39,910 |  |  |  | 20,313 |  |  |  | 79,449 |
|  | Shuttle |  |  |  |  |  | Liquefied |  |  | Conventional |  |  |  |
Three Months ended June 30, 2013 |  | Tanker and FSO |  |  | FPSO |  |  | Gas |  |  | Tanker |  |  |  |
|  | Segment |  |  | Segment |  |  | Segment |  |  | Segment |  |  | Total |
Revenues |  |  | 140,062 |  |  |  | 122,560 |  |  |  | 70,983 |  |  |  | 97,102 |  |  |  | 430,707 |
Voyage expenses |  |  | 22,275 |  |  |  | — |  |  |  | 487 |  |  |  | 3,392 |  |  |  | 26,154 |
Vessel operating expenses |  |  | 43,472 |  |  |  | 84,054 |  |  |  | 15,164 |  |  |  | 53,288 |  |  |  | 195,978 |
Time-charter hire expense |  |  | 14,110 |  |  |  | — |  |  |  | — |  |  |  | 12,434 |  |  |  | 26,544 |
Depreciation and amortization |  |  | 29,093 |  |  |  | 39,285 |  |  |  | 18,328 |  |  |  | 23,063 |  |  |  | 109,769 |
General and administrative(1) |  |  | 9,324 |  |  |  | 11,760 |  |  |  | 5,314 |  |  |  | 8,997 |  |  |  | 35,395 |
Loan loss provisions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,042 |  |  |  | 7,042 |
Gain on sale of vessels and equipment |  |  | — |  |  |  | (1,338 | ) |  |  | — |  |  |  | (3 | ) |  |  | (1,341 | )
Restructuring charges |  |  | 1,043 |  |  |  | — |  |  |  | — |  |  |  | 746 |  |  |  | 1,789 |
Income (loss) from vessel operations |  |  | 20,745 |  |  |  | (11,201 | ) |  |  | 31,690 |  |  |  | (11,857 | ) |  |  | 29,377 |
|  | Shuttle |  |  |  |  |  | Liquefied |  |  | Conventional |  |  |  |
Six Months ended June 30, 2014 |  | Tanker and FSO |  |  | FPSO |  |  | Gas |  |  | Tanker |  |  |  |
|  | Segment |  |  | Segment |  |  | Segment |  |  | Segment |  |  | Total |
Revenues |  |  | 304,028 |  |  |  | 273,674 |  |  |  | 163,393 |  |  |  | 217,653 |  |  |  | 958,748 |
Voyage expenses |  |  | 56,619 |  |  |  | 172 |  |  |  | 1,572 |  |  |  | 10,088 |  |  |  | 68,451 |
Vessel operating expenses |  |  | 93,007 |  |  |  | 185,940 |  |  |  | 33,650 |  |  |  | 90,303 |  |  |  | 402,900 |
Time-charter hire expense |  |  | 16,387 |  |  |  | — |  |  |  | — |  |  |  | 9,619 |  |  |  | 26,006 |
Depreciation and amortization |  |  | 54,376 |  |  |  | 75,868 |  |  |  | 36,001 |  |  |  | 40,586 |  |  |  | 206,831 |
General and administrative(1) |  |  | 17,382 |  |  |  | 30,865 |  |  |  | 13,494 |  |  |  | 13,082 |  |  |  | 74,823 |
Loan loss recoveries |  |  | — |  |  |  | (2,521 | ) |  |  | — |  |  |  | — |  |  |  | (2,521 | )
Gain on sale of vessels and equipment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,453 | ) |  |  | (9,453 | )
Restructuring charges |  |  | (268 | ) |  |  | — |  |  |  | — |  |  |  | 663 |  |  |  | 395 |
Income (loss) from vessel operations |  |  | 66,525 |  |  |  | (16,650 | ) |  |  | 78,676 |  |  |  | 62,765 |  |  |  | 191,316 |
|  | Shuttle |  |  |  |  |  | Liquefied |  |  | Conventional |  |  |  |
Six Months ended June 30, 2013 |  | Tanker and FSO |  |  | FPSO |  |  | Gas |  |  | Tanker |  |  |  |
|  | Segment |  |  | Segment |  |  | Segment |  |  | Segment |  |  | Total |
Revenues |  |  | 278,715 |  |  |  | 263,489 |  |  |  | 141,984 |  |  |  | 197,556 |  |  |  | 881,744 |
Voyage expenses |  |  | 44,084 |  |  |  | — |  |  |  | 491 |  |  |  | 7,894 |  |  |  | 52,469 |
Vessel operating expenses |  |  | 88,379 |  |  |  | 161,438 |  |  |  | 30,260 |  |  |  | 103,365 |  |  |  | 383,442 |
Time-charter hire expense |  |  | 28,887 |  |  |  | — |  |  |  | — |  |  |  | 25,109 |  |  |  | 53,996 |
Depreciation and amortization |  |  | 56,789 |  |  |  | 73,317 |  |  |  | 35,619 |  |  |  | 46,538 |  |  |  | 212,263 |
General and administrative(1) |  |  | 19,828 |  |  |  | 24,121 |  |  |  | 11,510 |  |  |  | 19,207 |  |  |  | 74,666 |
Loan loss provisions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,207 |  |  |  | 10,207 |
(Gain) loss on sale of vessels and equipment |  |  | — |  |  |  | (1,338 | ) |  |  | — |  |  |  | 29 |  |  |  | (1,309 | )
Restructuring charges |  |  | 1,630 |  |  |  | — |  |  |  | — |  |  |  | 2,213 |  |  |  | 3,843 |
Income (loss) from vessel operations |  |  | 39,118 |  |  |  | 5,951 |  |  |  | 64,104 |  |  |  | (17,006 | ) |  |  | 92,167 |
(1) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:
|  | June 30, 2014 |  |  | December 31, 2013 |
|  | $ |  |  | $ |
Shuttle tanker and FSO segment |  |  | 1,940,146 |  |  |  | 1,947,905 |
FPSO segment |  |  | 3,340,920 |  |  |  | 2,836,998 |
Liquefied gas segment |  |  | 3,699,293 |  |  |  | 3,616,044 |
Conventional tanker segment |  |  | 1,576,691 |  |  |  | 1,874,101 |
Cash |  |  | 748,900 |  |  |  | 614,660 |
Accounts receivable and other assets |  |  | 749,761 |  |  |  | 665,993 |
Consolidated total assets |  |  | 12,055,711 |  |  |  | 11,555,701 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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