XML 49 R34.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
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 from Vessel Operations (2)
| Year Ended December 31, |  | Year Ended December 31,
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Teekay Offshore |  |  |  |  |  |  |  |  |  |  |
Offshore Logistics | 636,421 |  |  | 667,629 |  |  | 631,455 |  |  | 86,099 |  |  | 108,119 |  |  | 146,756 |
Offshore Production | 495,223 |  |  | 531,554 |  |  | 354,518 |  |  | 140,264 |  |  | 165,152 |  |  | 95,991 |
Conventional Tankers | 20,746 |  |  | 30,230 |  |  | 33,566 |  |  | 4,490 |  |  | 10,128 |  |  | 13,471 |
| 1,152,390 |  |  | 1,229,413 |  |  | 1,019,539 |  |  | 230,853 |  |  | 283,399 |  |  | 256,218 |
Teekay LNG |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | 336,530 |  |  | 305,056 |  |  | 307,426 |  |  | 174,600 |  |  | 151,200 |  |  | 156,868 |
Conventional Tankers | 59,914 |  |  | 92,935 |  |  | 95,502 |  |  | (21,419 | ) |  | 30,172 |  |  | 26,955 |
| 396,444 |  |  | 397,991 |  |  | 402,928 |  |  | 153,181 |  |  | 181,372 |  |  | 183,823 |
Teekay Tankers (3) |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | 526,896 |  |  | 504,347 |  |  | 235,593 |  |  | 86,456 |  |  | 184,083 |  |  | 58,271 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |
Offshore Production | 231,435 |  |  | 277,842 |  |  | 259,945 |  |  | (48,310 | ) |  | (40,227 | ) |  | (78,804 | )
Conventional Tankers | 32,967 |  |  | 65,777 |  |  | 94,376 |  |  | (15,967 | ) |  | 4,984 |  |  | (12,407 | )
Other | 76,111 |  |  | 75,547 |  |  | 95,791 |  |  | (32,219 | ) |  | 5,015 |  |  | 17,488 |
| 340,513 |  |  | 419,166 |  |  | 450,112 |  |  | (96,496 | ) |  | (30,228 | ) |  | (73,723 | )
Eliminations and other | (87,674 | ) |  | (100,535 | ) |  | (114,252 | ) |  | 10,296 |  |  | 6,506 |  |  | 2,570 |
| 2,328,569 |  |  | 2,450,382 |  |  | 1,993,920 |  |  | 384,290 |  |  | 625,132 |  |  | 427,159 |
(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 2016, 2015 and 2014 is as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014
Teekay Offshore - Offshore Logistics | 43,104 |  |  | 38,734 |  |  | 34,603 |
Teekay Offshore - Conventional Tankers | 6,410 |  |  | 29,259 |  |  | 32,411 |
Teekay LNG - Liquefied Gas Carriers | 37,336 |  |  | 35,887 |  |  | 37,596 |
Teekay Tankers - Conventional Tankers | 5,404 |  |  | 1,380 |  |  | 13,707 |
Teekay Parent - Conventional Tankers | — |  |  | 3,080 |  |  | — |
| 92,254 |  |  | 108,340 |  |  | 118,317 |
(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 Explorer Spirit, formerly known as 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 December 31, |  | Year Ended December 31, |  | Year Ended December 31,
(U.S. dollars in millions) | 2016 |  | 2015 |  | 2014
Royal Dutch Shell Plc (1) (2) | $429.9 or 19% |  | (5) |  | (5)
BG Group (1) (2) | (2) |  | $263.4 or 11% |  | (5)
Petroleo Brasileiro SA (3) | $223.7 or 10% |  | $231.8 or 10% |  | $248.2 or 12%
Statoil ASA (4) | (5) |  | (5) |  | $239.8 or 12%
(1) | Teekay Offshore - Offshore Logistics and Offshore Production.
(2) | In February 2016, Royal Dutch Shell Plc acquired BG Group Plc and therefore includes revenues from both Royal Dutch Shell Plc and BG Group Plc for 2016.
(3) | Teekay Offshore - Offshore Logistics and Offshore Production, Teekay Tankers - Conventional Tankers and Teekay Parent – Conventional Tankers
(4) | Teekay Offshore - Offshore Logistics, Teekay Tankers—Conventional Tankers, 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 Impairments, Loan Loss Recoveries, and Net (Loss) Gain on Sale of Vessels, Equipment and Other Operating Assets |  | Equity Income (Loss)
| Year Ended December 31, |  | Year Ended December 31, |  | Year Ended December 31,
| 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014 |  | 2016 |  | 2015 |  | 2014
Teekay Offshore |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Logistics | (150,813 | ) |  | (130,102 | ) |  | (118,968 | ) |  | (40,079 | ) |  | (66,101 | ) |  | (1,638 | ) |  | — |  |  | — |  |  | — |
Offshore Production | (149,198 | ) |  | (137,914 | ) |  | (72,905 | ) |  | — |  |  | — |  |  | — |  |  | 17,933 |  |  | 7,672 |  |  | 10,341 |
Conventional Tankers | — |  |  | (6,583 | ) |  | (6,680 | ) |  | — |  |  | (3,897 | ) |  | — |  |  | — |  |  | — |  |  | — |
| (300,011 | ) |  | (274,599 | ) |  | (198,553 | ) |  | (40,079 | ) |  | (69,998 | ) |  | (1,638 | ) |  | 17,933 |  |  | 7,672 |  |  | 10,341 |
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | (80,084 | ) |  | (71,323 | ) |  | (71,711 | ) |  | — |  |  | — |  |  | — |  |  | 62,307 |  |  | 84,171 |  |  | 115,478 |
Conventional Tankers | (15,458 | ) |  | (20,930 | ) |  | (22,416 | ) |  | (38,976 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| (95,542 | ) |  | (92,253 | ) |  | (94,127 | ) |  | (38,976 | ) |  | — |  |  | — |  |  | 62,307 |  |  | 84,171 |  |  | 115,478 |
Teekay Tankers (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | (104,149 | ) |  | (71,429 | ) |  | (50,152 | ) |  | (20,594 | ) |  | 771 |  |  | 9,955 |  |  | 13,101 |  |  | 14,411 |  |  | 5,228 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production | (70,855 | ) |  | (69,508 | ) |  | (78,630 | ) |  | (110 | ) |  | (948 | ) |  | 3,456 |  |  | (575 | ) |  | (12,196 | ) |  | (1,357 | )
Conventional Tankers | (1,717 | ) |  | (2,852 | ) |  | (2,216 | ) |  | (12,487 | ) |  | — |  |  | (502 | ) |  | 5,089 |  |  | 16,712 |  |  | 3,052 |
Other | 449 |  |  | 451 |  |  | 774 |  |  | — |  |  | — |  |  | — |  |  | (1,838 | ) |  | (1,101 | ) |  | (2,546 | )
| (72,123 | ) |  | (71,909 | ) |  | (80,072 | ) |  | (12,597 | ) |  | (948 | ) |  | 2,954 |  |  | 2,676 |  |  | 3,415 |  |  | (851 | )
Eliminations and other | — |  |  | 690 |  |  | — |  |  |  |  |  |  |  |  |  |  |  | (10,378 | ) |  | (6,798 | ) |  | (2,082 | )
| (571,825 | ) |  | (509,500 | ) |  | (422,904 | ) |  | (112,246 | ) |  | (70,175 | ) |  | 11,271 |  |  | 85,639 |  |  | 102,871 |  |  | 128,114 |
(1) | Financial information for Teekay Tankers includes operations of the Explorer Spirit, formerly known as 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, 2016 $ |  | December 31, 2015 $
Teekay Offshore - Offshore Logistics | 2,677,784 |  |  | 2,591,489 |
Teekay Offshore - Offshore Production | 2,672,100 |  |  | 2,717,193 |
Teekay Offshore - Conventional Tankers | 4,818 |  |  | 63,900 |
Teekay LNG - Liquefied Gas Carriers | 3,957,088 |  |  | 3,550,396 |
Teekay LNG - Conventional Tankers | 193,553 |  |  | 360,527 |
Teekay Tankers - Conventional Tankers | 1,864,317 |  |  | 2,073,059 |
Teekay Parent - Offshore Production | 635,364 |  |  | 710,533 |
Teekay Parent - Conventional Tankers | 55,937 |  |  | 142,236 |
Teekay Parent - Other | 13,208 |  |  | 17,256 |
Cash and cash equivalents | 567,994 |  |  | 678,392 |
Other assets not allocated | 287,138 |  |  | 301,586 |
Eliminations | (114,549 | ) |  | (145,319 | )
Consolidated total assets | 12,814,752 |  |  | 13,061,248 |
Capital Expenditures by Segment | The following table includes capital expenditures by segment for the periods presented in these financial statements.
| December 31, 2016 $ |  | December 31, 2015 $
Teekay Offshore - Offshore Logistics | 228,347 |  |  | 552,219 |
Teekay Offshore - Offshore Production | 66,234 |  |  | 120,160 |
Teekay Offshore - Conventional Tankers | — |  |  | 97 |
Teekay LNG - Liquefied Gas Carriers | 344,924 |  |  | 191,642 |
Teekay LNG - Conventional Tankers | 63 |  |  | 327 |
Teekay Tankers - Conventional Tankers | 9,226 |  |  | 848,250 |
Teekay Parent - Offshore Production | — |  |  | 57,778 |
Teekay Parent - Conventional Tankers | — |  |  | 92 |
Teekay Parent - Other | 88 |  |  | 199 |
| 648,882 |  |  | 1,770,764 |

X
- Definition Tabular disclosure of capital expenditure by reportable segments to the entity's corresponding consolidated amount. + References No definition available. + Details
Name: | tk_ReconciliationOfCapitalExpendituresFromSegmentsToConsolidatedTableTableTextBlock
Namespace Prefix: | tk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: 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=51669610&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: 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=51669610&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfOtherSignificantReconcilingItemsFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 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=51669610&loc=d3e8813-108599 Reference 3: 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=51669610&loc=d3e8721-108599 Reference 4: 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 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=51669610&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration