XML 100 R51.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Equity Accounted Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
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 equity-accounted investees by segment are as follows (in thousands of U.S. dollars, except percentages):
|  |  |  | As at December 31, |
Investments in Equity-accounted Investees (1) |  | Ownership Percentage |  | 2015 $ |  |  | 2014 $ |
Teekay Offshore - Offshore Production |  |  |
Libra Joint Venture |  | 50% |  |  | 17,952 |  |  |  | 413 |
Itajai |  | 50% |  |  | 59,692 |  |  |  | 59,764 |
Teekay LNG - Liquefied Gas |  |  |  |  |  |  |  |  |  |
Angola LNG Carriers |  | 33% |  |  | 56,203 |  |  |  | 47,863 |
BG (note 3f) |  | 20% - 30% |  |  | 25,574 |  |  |  | 20,704 |
Exmar LNG Joint Venture |  | 50% |  |  | 77,844 |  |  |  | 99,541 |
Exmar LPG Joint Venture |  | 50% |  |  | 163,730 |  |  |  | 209,367 |
RasGas3 Joint Venture |  | 40% |  |  | 160,684 |  |  |  | 145,764 |
Teekay LNG - Marubeni Joint Venture |  | 52% |  |  | 283,589 |  |  |  | 274,431 |
Yamal LNG Joint Venture (note 3e) |  | 50% |  |  | 100,084 |  |  |  | 96,791 |
Teekay Tanker - Conventional Tankers |  |  |  |  |  |  |  |  |  |
TIL (note 3h) |  | 10% |  |  | 44,195 |  |  |  | 36,907 |
High-Q Joint Venture |  | 50% |  |  | 21,166 |  |  |  | 18,948 |
Teekay Parent - Offshore Production |  |  |  |  |  |  |  |  |  |
Sevan |  | 43% |  |  | 22,581 |  |  |  | 34,985 |
Itajai |  |  |  |  | — |  |  |  | 12,781 |
Teekay Parent - Conventional Tankers |  |  |  |  |  |  |  |  |  |
TIL (note 3h) |  | 7% |  |  | 34,224 |  |  |  | 29,043 |
Other |  | 50% |  |  | 16,072 |  |  |  | 32,791 |
|  |  |  |  | 1,083,590 |  |  |  | 1,120,093 |
(1) | Investments in equity-accounted investees is presented under current portion of loans to equity-accounted investees, loans to equity-accounted investees, equity-accounted investments and accrued liabilities in the Company’s consolidated balance sheets.
Condensed Summary of Company's Financial Information for Joint Venture | A condensed summary of the Company’s financial information for equity-accounted investments (16% to 52% owned) shown on a 100% basis are as follows:
|  | As at December 31, |
|  | 2015 |  |  | 2014(1) |
Cash and restricted cash |  |  | 386,727 |  |  |  | 434,833 |
Other assets- current |  |  | 162,414 |  |  |  | 249,882 |
Vessels and equipment |  |  | 3,936,718 |  |  |  | 3,329,796 |
Net investment in direct financing leases |  |  | 1,813,991 |  |  |  | 1,850,279 |
Other assets - non-current |  |  | 80,987 |  |  |  | 132,849 |
Current portion of long-term debt and obligations under capital lease |  |  | 345,336 |  |  |  | 521,148 |
Other liabilities - current and obligations under capital lease |  |  | 162,076 |  |  |  | 217,180 |
Long-term debt and obligations under capital lease |  |  | 3,459,187 |  |  |  | 2,906,560 |
Other liabilities - non-current |  |  | 447,947 |  |  |  | 459,907 |
|  | Year ended December 31, |
|  | 2015 |  |  | 2014(1) |  |  | 2013(2) |
Revenues |  |  | 985,318 |  |  |  | 998,655 |  |  |  | 940,156 |
Income from vessel operations |  |  | 433,023 |  |  |  | 454,135 |  |  |  | 328,430 |
Realized and unrealized (loss) gain on derivative instruments |  |  | (38,955 | ) |  |  | (58,884 | ) |  |  | 16,334 |
Net income |  |  | 275,259 |  |  |  | 300,837 |  |  |  | 288,550 |
Certain of the comparative figures have been adjusted to conform to the presentation adopted in the current year.
(1) | The results included for TIL are from the date of incorporation in January 2014.
(2) | The results included for the Exmar LPG BVBA are from the date of acquisition in February 2013.

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
- References No definition available. + 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