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.