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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2017
Segment Reporting [Abstract] |
Revenue and Income from Vessel Operations by Segment | The following table includes results for the Company’s revenues by segment for the three and six months ended June 30, 2017 and 2016:
| Revenues
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2017 | 2016 | 2017 | 2016
| $ | $ | $ | $
Teekay Offshore |  |  |  |
Offshore Logistics(1) | 151,080 |  | 155,095 |  | 310,527 |  | 320,205 |
Offshore Production | 110,247 |  | 124,715 |  | 223,102 |  | 257,499 |
Conventional Tankers(1) | 3,465 |  | 4,654 |  | 7,301 |  | 13,468 |
| 264,792 |  | 284,464 |  | 540,930 |  | 591,172 |
Teekay LNG |  |  |  |
Liquefied Gas Carriers(1) | 89,431 |  | 84,497 |  | 178,378 |  | 163,082 |
Conventional Tankers | 11,473 |  | 14,744 |  | 23,706 |  | 31,930 |
| 100,904 |  | 99,241 |  | 202,084 |  | 195,012 |
Teekay Tankers(2) |  |  |  |
Conventional Tankers(1) | 108,789 |  | 145,738 |  | 239,274 |  | 317,047 |
Teekay Parent |  |  |  |
Offshore Production | 48,173 |  | 58,600 |  | 92,515 |  | 113,806 |
Conventional Tankers(1) | 1,757 |  | 9,534 |  | 3,924 |  | 23,584 |
Other | 15,565 |  | 14,970 |  | 27,422 |  | 43,440 |
| 65,495 |  | 83,104 |  | 123,861 |  | 180,830 |
Eliminations and other | (26,057 | ) | (24,928 | ) | (48,721 | ) | (55,334 | )
| 513,923 |  | 587,619 |  | 1,057,428 |  | 1,228,727 |
(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 three and six months ended June 30, 2017 and 2016 is as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2017 | 2016 | 2017 | 2016
| $ | $ | $ | $
Teekay Offshore - Offshore Logistics | 14,207 |  | 10,129 |  | 24,218 | 18,508
Teekay Offshore - Conventional Tankers | — |  | — |  | — | 6,410
Teekay LNG - Liquefied Gas Carriers | 8,564 |  | 8,933 |  | 17,555 | 18,646
Teekay Tankers - Conventional Tankers | — |  | 2,453 |  | — | 4,988
| 22,771 |  | 21,515 |  | 41,773 | 48,552
(2) | On May 31, 2017, Teekay Tankers acquired from Teekay Parent the remaining 50% interest in Teekay Tanker Operations Ltd. (or TTOL); Teekay Tankers acquired its initial 50% interest in TTOL in August 2014. As a result of the acquisition, the financial information for Teekay Tankers prior to the date that Teekay Tankers acquired its remaining 50% interest in TTOL is retroactively adjusted to include the results of TTOL during the periods they were under common control of Teekay and had begun operations.
The following table includes results for the Company’s income (loss) from vessel operations by segment for the three and six months ended June 30, 2017 and 2016:
| Income (Loss) from Vessel Operations(1)
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2017 | 2016 | 2017 | 2016
| $ | $ | $ | $
Teekay Offshore |  |  |  |
Offshore Logistics | 15,400 |  | (11,954 | ) | 43,283 |  | 30,552 |
Offshore Production | 31,601 |  | 36,412 |  | 64,581 |  | 76,024 |
Conventional Tankers | (783 | ) | (187 | ) | (1,188 | ) | 5,994 |
| 46,218 |  | 24,271 |  | 106,676 |  | 112,570 |
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 40,043 |  | 42,484 |  | 83,379 |  | 82,673 |
Conventional Tankers | (10,172 | ) | 5,070 |  | (7,430 | ) | (18,136 | )
| 29,871 |  | 47,554 |  | 75,949 |  | 64,537 |
Teekay Tankers(2) |  |  |  |
Conventional Tankers | 1,587 |  | 32,948 |  | 12,328 |  | 89,772 |
Teekay Parent |  |  |  |
Offshore Production | (18,618 | ) | (8,343 | ) | (39,029 | ) | (26,043 | )
Conventional Tankers | (2,988 | ) | (12,176 | ) | (5,447 | ) | (13,281 | )
Other | (7,784 | ) | (8,276 | ) | (20,586 | ) | (16,252 | )
| (29,390 | ) | (28,795 | ) | (65,062 | ) | (55,576 | )
| 48,286 |  | 75,978 |  | 129,891 |  | 211,303 |
(1) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(2) | On May 31, 2017, Teekay Tankers acquired from Teekay Parent, the remaining 50% interest in TTOL; Teekay Tankers acquired its initial 50% interest in TTOL in August 2014. As a result of the acquisition, the financial information for Teekay Tankers prior to the date that Teekay Tankers acquired its remaining 50% interest in TTOL is retroactively adjusted to include the results of TTOL during the periods they were under common control of Teekay and had begun operations.
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying unaudited consolidated balance sheets is as follows:
| June 30, 2017 | December 31, 2016
| $ | $
Teekay Offshore - Offshore Logistics | 2,660,051 |  | 2,677,784 |
Teekay Offshore - Offshore Production | 2,643,055 |  | 2,672,100 |
Teekay Offshore - Conventional Tankers | 3,800 |  | 4,818 |
Teekay LNG - Liquefied Gas Carriers | 4,189,383 |  | 3,957,088 |
Teekay LNG - Conventional Tankers | 155,938 |  | 193,553 |
Teekay Tankers - Conventional Tankers | 1,716,171 |  | 1,870,211 |
Teekay Parent - Offshore Production | 599,388 |  | 635,364 |
Teekay Parent - Conventional Tankers | 30,870 |  | 55,937 |
Teekay Parent - Other | 12,279 |  | 13,208 |
Cash and cash equivalents | 600,881 |  | 567,994 |
Other assets not allocated | 215,051 |  | 281,244 |
Eliminations | (56,435 | ) | (114,549 | )
Consolidated total assets | 12,770,432 |  | 12,814,752 |

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- 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=68060357&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=68060357&loc=d3e8924-108599 + Details
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- 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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8736-108599 + Details
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