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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Revenue and Income from Vessel Operations by Segment | The following table includes results for the Company’s revenue and income from vessel operations by segment for the periods presented in these financial statements.
|  | Revenues(1) |  |  | Income (Loss) from Vessel Operations(2) |
|  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
Teekay Offshore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Logistics |  |  | 667,629 |  |  |  | 631,455 |  |  |  | 611,035 |  |  |  | 108,119 |  |  |  | 146,756 |  |  |  | 40,127 |
Offshore Production |  |  | 531,554 |  |  |  | 354,518 |  |  |  | 284,932 |  |  |  | 165,152 |  |  |  | 95,991 |  |  |  | 48,170 |
Conventional Tankers |  |  | 30,230 |  |  |  | 33,566 |  |  |  | 55,010 |  |  |  | 10,128 |  |  |  | 13,471 |  |  |  | 10,594 |
|  |  | 1,229,413 |  |  |  | 1,019,539 |  |  |  | 950,977 |  |  |  | 283,399 |  |  |  | 256,218 |  |  |  | 98,891 |
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers |  |  | 305,056 |  |  |  | 307,426 |  |  |  | 285,694 |  |  |  | 151,200 |  |  |  | 156,868 |  |  |  | 144,430 |
Conventional Tankers |  |  | 92,935 |  |  |  | 95,502 |  |  |  | 113,582 |  |  |  | 30,172 |  |  |  | 26,955 |  |  |  | 31,926 |
|  |  | 397,991 |  |  |  | 402,928 |  |  |  | 399,276 |  |  |  | 181,372 |  |  |  | 183,823 |  |  |  | 176,356 |
Teekay Tankers(3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers |  |  | 504,347 |  |  |  | 235,593 |  |  |  | 170,087 |  |  |  | 184,083 |  |  |  | 58,271 |  |  |  | 3,411 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production |  |  | 277,842 |  |  |  | 259,945 |  |  |  | 282,687 |  |  |  | (40,227 | ) |  |  | (78,804 | ) |  |  | (67,486 | )
Conventional Tankers |  |  | 65,777 |  |  |  | 94,376 |  |  |  | 83,520 |  |  |  | 4,984 |  |  |  | (12,407 | ) |  |  | (158,091 | )
Other |  |  | 75,547 |  |  |  | 95,791 |  |  |  | 73,801 |  |  |  | 5,015 |  |  |  | 17,488 |  |  |  | 12,365 |
|  |  | 419,166 |  |  |  | 450,112 |  |  |  | 440,008 |  |  |  | (30,228 | ) |  |  | (73,723 | ) |  |  | (213,212 | )
Eliminations and other |  |  | (100,535 | ) |  |  | (114,252 | ) |  |  | (130,263 | ) |  |  | 6,506 |  |  |  | 2,570 |  |  |  | (2,700 | )
|  |  | 2,450,382 |  |  |  | 1,993,920 |  |  |  | 1,830,085 |  |  |  | 625,132 |  |  |  | 427,159 |  |  |  | 62,746 |
(1) | Certain vessels are chartered between the Daughter Companies and Teekay Parent. The amounts in the table below represent revenue earned by each segment from other segments within the group. Such intersegment revenue for the year ended 2015, 2014 and 2013 is as follows:
|  | Year Ended |
|  | December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Teekay Offshore - Offshore Logistics |  |  | 38,734 |  |  |  | 34,603 |  |  |  | 37,876 |
Teekay Offshore - Conventional Tankers |  |  | 29,259 |  |  |  | 32,411 |  |  |  | 44,269 |
Teekay LNG - Liquefied Gas Carriers |  |  | 35,887 |  |  |  | 37,596 |  |  |  | 34,573 |
Teekay Tankers - Conventional Tankers |  |  | 1,380 |  |  |  | 13,707 |  |  |  | 13,545 |
Teekay Parent - Conventional Tankers |  |  | 3,080 |  |  |  | — |  |  |  | — |
|  |  | 108,340 |  |  |  | 118,317 |  |  |  | 130,263 |
(2) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(3) | Financial information for Teekay Tankers includes operations of the SPT Explorer and Navigator Spirit from December 18, 2015, the date Teekay Tankers acquired the vessels from Teekay Offshore.
Revenues and Percentage of Consolidated Revenues | The following table presents revenues and percentage of consolidated revenues for customers that accounted for more than 10% of the Company’s consolidated revenues during the periods presented. All of these customers are international oil companies.
|  | Year Ended |  | Year Ended |  | Year Ended
|  | December 31, |  | December 31, |  | December 31,
(U.S. dollars in millions) |  | 2015 |  | 2014 |  | 2013
BG Group(1) |  | $263.4 or 11% |  | (5) |  | (5)
Petroleo Brasileiro SA (2) |  | $231.8 or 10% |  | $248.2 or 12% |  | $244.3 or 13%
Statoil ASA (3) |  | (5) |  | $239.8 or 12% |  | $250.5 or 14%
BP PLC (4) |  | (5) |  | (5) |  | $182.5 or 10%
(1) | Teekay Offshore - Offshore Logistics and Offshore Production. In February 2016, Royal Dutch Shell Plc acquired BG Group Plc.
(2) | Teekay Offshore - Offshore Logistics and Offshore Production, Teekay Tankers - Conventional Tankers and Teekay Parent – Conventional Tankers
(3) | Teekay Offshore - Offshore Logistics, Teekay Tankers - Conventional Tankers, Teekay Parent – Offshore Production and Teekay Parent – Conventional Tankers
(4) | Teekay Offshore - Offshore Logistics, Teekay LNG - Liquefied Gas, Teekay Parent – Offshore Production and Teekay Parent – Conventional Tankers
(5) | Less than 10%
Other Income Statement Items by Segment | The following table includes other income statement items by segment for the periods presented in these financial statements.
|  | Depreciation and Amortization |  |  | Asset Impairment and Loan Loss (Provisions) Recoveries |  |  | Equity Income (Loss) |
|  | Year Ended |  |  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |  |  | 2015 |  |  | 2014 |  |  | 2013 |
Teekay Offshore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Logistics |  |  | (130,102 | ) |  |  | (118,968 | ) |  |  | (126,091 | ) |  |  | (67,744 | ) |  |  | (4,759 | ) |  |  | (76,782 | ) |  |  | — |  |  |  | — |  |  |  | — |
Offshore Production |  |  | (137,914 | ) |  |  | (72,905 | ) |  |  | (66,404 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,672 |  |  |  | 10,341 |  |  |  | 6,731 |
Conventional Tankers |  |  | (6,583 | ) |  |  | (6,680 | ) |  |  | (7,747 | ) |  |  | (3,897 | ) |  |  | — |  |  |  | (18,164 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  |  | (274,599 | ) |  |  | (198,553 | ) |  |  | (200,242 | ) |  |  | (71,641 | ) |  |  | (4,759 | ) |  |  | (94,946 | ) |  |  | 7,672 |  |  |  | 10,341 |  |  |  | 6,731 |
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers |  |  | (71,323 | ) |  |  | (71,711 | ) |  |  | (71,485 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 84,171 |  |  |  | 115,478 |  |  |  | 123,282 |
Conventional Tankers |  |  | (20,930 | ) |  |  | (22,416 | ) |  |  | (26,399 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
|  |  | (92,253 | ) |  |  | (94,127 | ) |  |  | (97,884 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 84,171 |  |  |  | 115,478 |  |  |  | 123,282 |
Teekay Tankers(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers |  |  | (71,429 | ) |  |  | (50,152 | ) |  |  | (47,833 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,411 |  |  |  | 5,228 |  |  |  | 854 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production |  |  | (69,508 | ) |  |  | (78,630 | ) |  |  | (77,551 | ) |  |  | — |  |  |  | 2,521 |  |  |  | (2,634 | ) |  |  | (12,196 | ) |  |  | (1,357 | ) |  |  | 4,649 |
Conventional Tankers |  |  | (2,852 | ) |  |  | (2,216 | ) |  |  | (9,882 | ) |  |  | — |  |  |  | — |  |  |  | (92,699 | ) |  |  | 16,712 |  |  |  | 3,052 |  |  |  | 1,291 |
Other |  |  | 451 |  |  |  | 774 |  |  |  | 2,306 |  |  |  | — |  |  |  | — |  |  |  | 21,926 |  |  |  | (1,101 | ) |  |  | (2,546 | ) |  |  | (269 | )
|  |  | (71,909 | ) |  |  | (80,072 | ) |  |  | (85,127 | ) |  |  | — |  |  |  | 2,521 |  |  |  | (73,407 | ) |  |  | 3,415 |  |  |  | (851 | ) |  |  | 5,671 |
Other |  |  | 690 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,798 | ) |  |  | (2,082 | ) |  |  | — |
|  |  | (509,500 | ) |  |  | (422,904 | ) |  |  | (431,086 | ) |  |  | (71,641 | ) |  |  | (2,238 | ) |  |  | (168,353 | ) |  |  | 102,871 |  |  |  | 128,114 |  |  |  | 136,538 |
(1) | Financial information for Teekay Tankers includes operations of the SPT Explorer and Navigator Spirit from December 18, 2015, the date Teekay Tankers acquired the vessels from Teekay Offshore.
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:
|  | December 31, 2015 $ |  |  | December 31, 2014 $ |
Teekay Offshore - Offshore Logistics |  |  | 2,591,489 |  |  |  | 2,186,789 |
Teekay Offshore - Offshore Production |  |  | 2,717,193 |  |  |  | 1,261,569 |
Teekay Offshore - Conventional Tankers |  |  | 63,900 |  |  |  | 150,044 |
Teekay LNG - Liquefied Gas Carriers |  |  | 3,550,396 |  |  |  | 3,379,279 |
Teekay LNG - Conventional Tankers |  |  | 360,527 |  |  |  | 381,175 |
Teekay Tankers - Conventional Tankers |  |  | 2,073,059 |  |  |  | 1,000,864 |
Teekay Parent - Offshore Production |  |  | 710,533 |  |  |  | 2,138,445 |
Teekay Parent - Conventional Tankers |  |  | 142,236 |  |  |  | 138,504 |
Teekay Parent - Other |  |  | 17,256 |  |  |  | 31,328 |
Cash and cash equivalents |  |  | 678,392 |  |  |  | 806,904 |
Other assets not allocated |  |  | 301,586 |  |  |  | 394,341 |
Eliminations |  |  | (145,319 | ) |  |  | (89,552 | )
Consolidated total assets |  |  | 13,061,248 |  |  |  | 11,779,690 |
Capital Expenditures by Segment | The following table includes capital expenditures by segment for the periods presented in these financial statements.
|  | December 31, 2015 $ |  |  | December 31, 2014 $ |
Teekay Offshore - Offshore Logistics |  |  | 552,219 |  |  |  | 154,896 |
Teekay Offshore - Offshore Production |  |  | 120,160 |  |  |  | 17,022 |
Teekay Offshore - Conventional Tankers |  |  | 97 |  |  |  | 251 |
Teekay LNG - Liquefied Gas Carriers |  |  | 191,642 |  |  |  | 193,669 |
Teekay LNG - Conventional Tankers |  |  | 327 |  |  |  | 586 |
Teekay Tankers - Conventional Tankers |  |  | 848,250 |  |  |  | 2,063 |
Teekay Parent - Offshore Production |  |  | 57,778 |  |  |  | 671,277 |
Teekay Parent - Conventional Tankers |  |  | 92 |  |  |  | (44 | )
Teekay Parent - Other |  |  | 199 |  |  |  | 13 |
|  |  | 1,770,764 |  |  |  | 1,039,733 |

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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