Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

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

- 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.

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