<SEC-DOCUMENT>0001628280-17-011329.txt : 20171109
<SEC-HEADER>0001628280-17-011329.hdr.sgml : 20171109
<ACCEPTANCE-DATETIME>20171109161235
ACCESSION NUMBER:		0001628280-17-011329
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170930
FILED AS OF DATE:		20171109
DATE AS OF CHANGE:		20171109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12874
		FILM NUMBER:		171190964

	BUSINESS ADDRESS:	
		STREET 1:		4TH FLOOR, BELVEDERE BUILDING
		STREET 2:		69 PITTS BAY ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		604-683-3529

	MAIL ADDRESS:	
		STREET 1:		SUITE 2000,  BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2K2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEEKAY SHIPPING CORP
		DATE OF NAME CHANGE:	19950609

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tkcq3-17erdocument.htm
<DESCRIPTION>6-K
<TEXT>
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<div><a name="s6597A59B5B765D429C427178CB49584E"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">WASHINGTON, D.C. 20549 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">FORM 6-K </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Report of Foreign Private Issuer </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Pursuant to Rule 13a-16 or 15d-16 of </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">the Securities Exchange Act of 1934 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Date of Report: </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">November&#160;9, 2017</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Commission file number 1- 12874 </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:24pt;"><font style="font-family:Arial;font-size:24pt;font-weight:bold;">TEEKAY CORPORATION </font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(Exact name of Registrant as specified in its charter) </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">4th Floor, Belvedere Building </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">69 Pitts Bay Road </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Hamilton, HM 08, Bermuda </font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">(Address of principal executive office) </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">_________________________</font></div><div style="line-height:120%;text-align:center;font-size:8.5pt;"><font style="font-family:Arial;font-size:8.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Form 20-F </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40- F </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;Yes </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7).</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Yes </font><font style="font-family:Wingdings;font-size:9pt;">&#168;</font><font style="font-family:Arial;font-size:9pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No </font><font style="font-family:Wingdings;font-size:9pt;">&#253;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:682px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">1</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s23DEDD02702E50BFBEC5A8F7D5D83EAF"></a></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Item 1 &#8212; Information Contained in this Form 6-K Report</font><font style="font-family:Arial;font-size:10pt;">&#32;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attached as Exhibit 1 is a copy of an announcement of Teekay Corporation dated </font><font style="font-family:Arial;font-size:10pt;">November&#160;9, 2017</font><font style="font-family:Arial;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNATURES </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:304px;"></td><td style="width:37px;"></td><td style="width:16px;"></td><td style="width:325px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">TEEKAY CORPORATION</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Date: November&#160;9, 2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Vincent Lok</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vincent Lok </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">2</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sDF70EC83AE3454A4AB36F8B1C6C63702"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:19pt;"><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">TEEKAY CORPORATION REPORTS</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:19pt;"><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">THIRD</font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">&#32;QUARTER </font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">2017</font><font style="font-family:Arial;font-size:19pt;color:#003698;font-weight:bold;">&#32;RESULTS</font></div><div style="line-height:120%;padding-bottom:5px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#13b3f2;">Highlights</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Reported consolidated GAAP net </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">loss</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;attributable to shareholders of Teekay of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$12.6 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, or </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$0.15</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;per share, and consolidated adjusted net </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">loss</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;attributable to shareholders of Teekay</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$35.6 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, or </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$0.41</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;per share, in the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;quarter of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Generated GAAP consolidated </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">loss</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;from vessel operations of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$189.8 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(inclusive of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$243.7 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of impairment charges) and consolidated total cash flow from vessel operations</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1) </sup></font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$238.1 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;in the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;quarter of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In September 2017, Teekay and Teekay Offshore completed the previously announced strategic partnership with Brookfield.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Subsequent to September 30, 2017, Teekay Offshore's </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Randgrid&#160;</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FSO unit commenced its charter contract with Statoil and Teekay Offshore took delivery of two of the East Coast Canada shuttle tanker newbuildings and one towage newbuilding vessel.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Subsequent to September 30, 2017, Teekay LNG took delivery of two MEGI LNG carrier newbuildings and a 30-percent owned LNG carrier newbuilding, each of which immediately commenced charter contracts with Shell.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:30px;"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-30px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Two leading independent proxy advisory firms have both recommended to vote "FOR" Teekay Tankers' proposed charter amendment to permit its proposed strategic merger with Tanker Investments Ltd. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">TIL</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">).</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-weight:bold;">Hamilton, Bermuda, </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">November&#160;9, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;- Teekay Corporation (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;or </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">the Company</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) (NYSE:TK) today reported the Company's results for the quarter ended </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">.  These results include the Company&#8217;s three publicly-listed subsidiaries Teekay LNG Partners L.P. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay LNG</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) (NYSE:TGP), Teekay Tankers Ltd. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Tankers</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) (NYSE:TNK), and Teekay Offshore Partners L.P. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Offshore</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) (NYSE:TOO) (collectively, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Daughter Entities</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), and all remaining subsidiaries of the Company. </font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">The Company, together with its subsidiaries other than the Daughter Entities, is referred to in this release as Teekay Parent.  Please refer to the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;quarter </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;earnings releases of Teekay LNG, Teekay Tankers and Teekay Offshore, which are available on the Company&#8217;s website at </font><font style="font-family:Arial;font-size:10pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font><font style="font-family:Arial;font-size:10pt;color:#0000ff;">,</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">for additional information on their respective results.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#13b3f2;">Summary Financial Information </font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:388px;"></td><td style="width:98px;"></td><td style="width:4px;"></td><td style="width:90px;"></td><td style="width:4px;"></td><td style="width:92px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:20px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="6" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-style:italic;">(in thousands of U.S. dollars, except per share data)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">TEEKAY CORPORATION CONSOLIDATED </font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">GAAP FINANCIAL COMPARISON</font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Revenues</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">500,781</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">513,923</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">547,639</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(Loss) income from vessel operations</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(189,846</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">48,286</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">89,765</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Equity income (loss) </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,264</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(47,984</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">21,070</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Net (loss) income attributable to shareholders of Teekay</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,582</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(80,152</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,072</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(Loss) income per share attributable to shareholders of Teekay</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.15</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.93</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.07</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">NON-GAAP FINANCIAL COMPARISON</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Total Cash Flow from Vessel Operations (CFVO)</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">238,060</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">254,496</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">285,514</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Adjusted Net Loss attributable to shareholders of Teekay</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(35,638</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(38,145</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,536</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Adjusted Loss per share attributable to shareholders of Teekay</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.41</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.44</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.23</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">TEEKAY PARENT </font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">NON-GAAP FINANCIAL COMPARISON</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#dffffa;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#dffffa;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent GPCO Cash Flow</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">7,162</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,287</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,370</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent OPCO Cash Flow</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,055</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(22,854</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,144</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Total Teekay Parent Free Cash Flow</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,893</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,567</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,774</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;color:#2e3337;">(1)&#160;&#160;&#160;&#160;These are non-GAAP financial measures.  Please refer to &#8220;Definitions and Non-GAAP Financial Measures&#8221; and the Appendices to this release for definitions of these terms and reconciliations     </font></div><div style="line-height:120%;text-align:justify;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;color:#2e3337;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;of these non-GAAP financial measures as used in this release to the most directly comparable financial measures under United States generally accepted accounting principles (</font><font style="font-family:Arial;font-size:6pt;color:#2e3337;font-style:italic;">GAAP</font><font style="font-family:Arial;font-size:6pt;color:#2e3337;">).</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">3</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay LNG and Teekay Tankers are consolidated in the Company's financial statements and, up to the September 25, 2017 closing of the strategic partnership with Brookfield Business Partners L.P., together with its institutional partners (collectively </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Brookfield</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), Teekay Offshore was consolidated in the Company's financial statements.  In connection with Brookfield's acquisition of a 49 percent interest in Teekay Offshore's general partner, Teekay Offshore GP LLC (or </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">TOO GP</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), Teekay and Brookfield entered into an amended limited liability company agreement whereby Brookfield obtained certain participatory rights in the management of TOO GP, which resulted in Teekay deconsolidating Teekay Offshore for accounting purposes on September 25, 2017. Subsequent to the closing of the Brookfield transaction, Teekay retains significant influence over Teekay Offshore and accounts for its investment in Teekay Offshore using the equity method.  Please see &#8220;Summary of Recent Events --Teekay Offshore&#8221; for additional information about the Brookfield transaction.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">CEO Commentary</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8220;Since reporting earnings in August 2017, we have been focused on completing strategic transactions, vessel deliveries and financing initiatives across the Teekay Group, which we believe will strengthen each of our businesses,&#8221; commented Kenneth Hvid, Teekay&#8217;s President and Chief Executive Officer.  &#8220;Teekay and Teekay Offshore have completed their strategic partnership with Brookfield, Teekay Tankers has secured support from two leading independent proxy advisory firms for its proposed charter amendment to permit its merger with TIL, and Teekay LNG continues to execute on the delivery and financing of its newbuilding projects."  Mr. Hvid continued, &#8220;Teekay LNG and Teekay Offshore&#8217;s projects are now starting to deliver which are expected to provide significant future cash flow growth.&#8221;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8220;With respect to Teekay Parent&#8217;s directly-owned assets, we believe Centrica Energy&#8217;s previously announced drilling campaign on the Chestnut field in the North Sea, which is serviced by our </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Hummingbird Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO unit, is expected to increase production, thereby increasing Teekay Parent&#8217;s cash flows.  Our new three-year contract extension for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Hummingbird Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO contract took effect in October 2017, and now includes a component providing potential upside based on oil production and oil prices, as is also the case with Teekay Parent's other two FPSO units, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Banff</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Foinaven </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO units.&#8221;  </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Mr. Hvid added, &#8220;We are starting to see green shoots of an energy recovery in our LNG, offshore and crude oil tanker businesses. With market-leading positions and strong operational platforms, we believe each of our businesses are well-positioned to benefit from and take advantage of future opportunities as our markets continue to recover.&#8221;</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">4</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s771EE1DE8B795A76A3CDC24796DF3173"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary of Results </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Corporation Consolidated</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">The Company's consolidated results during the quarter ended September 30, 2017, compared to the same period of the prior year, were impacted primarily by </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$243.7 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of impairment charges.  In addition, as a result of the Brookfield transaction, the Company recorded a </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$103.2 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;loss on deconsolidation of Teekay Offshore and recognized previously deferred gains of $349.6 million within net loss attributable to non-controlling interests related to previous sales of vessels from Teekay Parent to Teekay Offshore.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In addition, the Company's consolidated results were impacted by lower cash flows from Teekay Parent related to the scheduled maintenance for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO unit in the third quarter of 2017 and an insurance recovery recognized for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO unit in the third quarter of 2016; lower income and cash flows from Teekay LNG's six LPG carriers on charter to I.M. Skaugen (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Skaugen</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) as a result of uncollected hire; a reduction in income and cash flows in Teekay Tankers due to lower average spot tanker rates; and lower income and cash flows in Teekay Offshore primarily due to the redelivery of the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Petrojarl Varg</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Varg</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) FPSO unit in July 2016, the redelivery of an FSO unit in October 2016 and the non-payment of charter hire for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Arendal Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">UMS since early-November 2016 and subsequent charter termination in April 2017.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">These decreases were partially offset primarily by higher results for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO due to a production tariff linked to oil price commencing August 1, 2017, and higher income and cash flows from Teekay LNG as a result of the deliveries of two MEGI LNG carrier newbuildings in 2016 and 2017, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Oak Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Torben Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, which commenced their respective charter contracts.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Parent</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Parent GPCO Cash Flow, which includes distributions and dividends paid to Teekay Parent from Teekay&#8217;s Daughter Entities in the following quarter, less Teekay Parent&#8217;s corporate general and administrative expenses, was </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$7.2 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;for the quarter ended </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, compared to </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$6.4 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;for the same period of the prior year. This increase was primarily due to certain cost recoveries from Teekay Offshore in the third quarter of 2017, partially offset by a reduction in the cash distribution from Teekay Offshore as a result of the recent strategic partnership with Brookfield (see &#8220;Summary of Recent Events--Teekay Offshore&#8221; below for additional information on this transaction).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Parent OPCO Cash Flow, which includes cash flow attributable to assets directly-owned by, or chartered-in to, Teekay Parent, net of interest expense and dry-dock expenditures, decreased to negative </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$19.1 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;for the three months ended </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, from negative </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$13.1 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;for the same period of the prior year. The </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">decrease</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;was primarily due to lower revenues and higher repairs and maintenance costs relating to the scheduled maintenance for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Foinaven</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO unit in the third quarter of 2017, the sale of the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Shoshone Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;VLCC in the fourth quarter of 2016, and lower average spot tanker rates, partially offset by higher revenues from the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Banff </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO unit due to a contractual production tariff linked to oil prices which commenced on August 1, 2017 and the commencement of a one-year charter contract for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Polar Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;LNG in the second quarter of 2017 and a seven-month contract for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Arctic Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">LNG in the third quarter of 2017.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Total Teekay Parent Free Cash Flow, which is the total of Teekay Parent GPCO Cash Flow and Teekay Parent OPCO Cash Flow, was negative </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$11.9 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;during the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;quarter of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, compared to negative </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$6.8 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;for the same period of the prior year.  Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Appendix D</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of this release for additional information about Teekay Parent Free Cash Flow.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">5</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Summary Results of Daughter Entities</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;text-decoration:underline;">Teekay LNG</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay LNG's results decreased during the quarter ended September 30, 2017, compared to the same period of the prior year, primarily due to lower revenues from Teekay LNG's six LPG carriers on charter to Skaugen as a result of uncollected hire and lower revenues from Teekay LNG&#8217;s 50 percent-owned joint venture with Exmar due to lower spot rates.  These decreases were partially offset by, among other things, the deliveries of two MEGI LNG carrier newbuildings and the commencement of their respective charter contracts in 2016 and 2017 and the deliveries of three mid-size LPG carriers in Teekay LNG's 50 percent-owned joint venture with Exmar in 2016 and 2017.  Please refer to Teekay LNG's third quarter of 2017 earnings release for additional information on the financial results for this entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;text-decoration:underline;">Teekay Tankers</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Tankers' results decreased during the quarter ended September 30, 2017, compared to the same period of the prior year, primarily due to lower average spot tanker rates in the third quarter of 2017 compared to the same period of the prior year. Seasonal weakness, combined with global inventory drawdowns as crude oil pricing moved into backwardation, contributed to weak spot tanker rates in the third quarter of 2017. Since that time, crude tanker rates have improved into the fourth quarter of 2017 supported by refineries returning from seasonal maintenance and an increase in long-haul movements from the Atlantic to the Pacific, which is increasing tanker ton-mile demand. Please refer to Teekay Tankers&#8217; third quarter 2017 earnings release for additional information on the financial results for this entity.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;text-decoration:underline;">Teekay Offshore</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Offshore&#8217;s results decreased during the quarter ended September 30, 2017, compared to the same period of the prior year, primarily due to the redelivery to Teekay Offshore of the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Varg</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO unit (which left its field at the end of July 2016), the redelivery of an FSO unit in October 2016, the non-payment of charter hire for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Arendal Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">UMS since early-November 2016 and subsequent charter termination, and higher operating expenses relating to Teekay Offshore's FPSO fleet. These decreases were partially offset by higher project revenues during the third quarter of 2017 and lower operating expenses from Teekay Offshore's shuttle tanker fleet. Please refer to Teekay Offshore&#8217;s third quarter of 2017 earnings release for additional information on the financial results for this entity.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">6</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sEF1D66259ABA5E02B91500060BF711D3"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary of Recent Events</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Parent</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October 2017, Teekay Parent terminated the charter-in contracts prior to their expiration dates for its two remaining in-chartered conventional tankers, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Constitution Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Sentinel Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, resulting in a net termination fee payment of approximately $1.6 million, which terminations are expected to improve Teekay Parent's cash flows in the future. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">On November 7, 2017, the U.S. District Court for the Western District of Washington ruled in the Company's favor on all claims and dismissed with prejudice the securities law class action complaint that had been filed against Teekay and certain of the Company's officers on March 1, 2016 in the U.S. District Court for the District of Connecticut and which had been transferred to the U.S. District Court for the Western District of Washington on November 18, 2016.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay LNG</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October and November 2017, Teekay LNG took delivery of two MEGI LNG carrier newbuildings, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Macoma</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Murex</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, chartered to Royal Dutch Shell (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Shell</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), which immediately commenced their six and seven-year charter contracts, plus extension options, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October 2017, Teekay LNG&#8217;s 30-percent owned joint venture with China LNG Shipping (Holdings) Limited and CETS (an affiliate of China National Offshore Oil Corporation (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CNOOC</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">)) took delivery of an LNG carrier newbuilding, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Pan Asia</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, which immediately commenced its 20-year charter contract with Shell.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Offshore</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In September 2017, Teekay Offshore completed the previously announced strategic partnership with Brookfield, and related transactions (collectively </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">the Brookfield Transaction</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), which included the following, among others:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Brookfield and Teekay Parent invested $610 million and $30 million, respectively, in Teekay Offshore at a price of $2.50 per common unit and received 65.5 million Teekay Offshore warrants (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Warrants</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) on a pro rata basis. Following the transaction, Brookfield owns approximately 60 percent and Teekay Parent owns approximately 14 percent of the common units of Teekay Offshore;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Brookfield acquired from Teekay Parent both a 49 percent interest in TOO GP in exchange for $4 million and an option to acquire an additional two percent of TOO GP, subject to the satisfaction of certain conditions, in exchange for 1.0 million of the Warrants issued to Brookfield;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Offshore repurchased and canceled all $304 million of the outstanding Series C-1 and Series D preferred units from the existing unitholders for an aggregate of approximately $250 million in cash, which will save approximately $28 million annually in cash distributions. Concurrently, Teekay Offshore's Series D tranche B warrants to purchase common units issued on June 29, 2016, were amended to reduce the exercise price from $6.05 to $4.55;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Offshore extended the mandatory prepayment date for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Arendal Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;UMS debt facility to September 30, 2018 in exchange for a principal prepayment of $30 million;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Brookfield acquired from Teekay Parent an existing $200 million loan, previously extended to Teekay Offshore, in exchange for $140 million in cash and 11.4 million of the Warrants initially issued to Brookfield. Brookfield extended the maturity date of the loan from 2019 to 2022;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Offshore transferred its shuttle tanker business into a new, wholly-owned, non-recourse subsidiary, Teekay Shuttle Tankers L.L.C. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">ShuttleCo</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">).  As part of the formation of ShuttleCo, a majority of Teekay Offshore's shuttle tanker fleet was refinanced with a new $600 million, five-year debt facility, and two 50 percent-owned </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">7</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-left:48px;padding-bottom:16px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">vessels were refinanced with a new $71 million, four-year debt facility. In addition, an existing $250 million debt facility secured by the three East Coast of Canada newbuildings, and an existing $141 million private placement bond secured by two vessels, were transferred from Teekay Offshore to ShuttleCo;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">All of Teekay Offshore's existing NOK bonds due to mature in late-2018 are expected to be repurchased with proceeds from a new five-year $250 million U.S. Dollar denominated bond offering by ShuttleCo in the Norwegian bond market, which priced at a fixed coupon of 7.125 percent per annum; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Certain financial institutions providing interest rate swaps to Teekay Offshore (i) lowered the fixed interest rate on the swaps, (ii) extended the termination option of the swaps by two years to 2021, and (iii) eliminated the financial guarantee and security package currently provided by Teekay Parent in return for a prepayment amount and fees.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October 2017, the&#160;</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Randgrid</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#160;FSO unit, which was converted from one of Teekay Offshore&#8217;s shuttle tankers at Sembcorp&#8217;s Sembawang shipyard in Singapore, commenced its charter contract with Statoil on the Gina Krog oil and gas field in the Norwegian sector of the North Sea.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In November 2017, Teekay Offshore entered into a heads of terms with Premier Oil to extend the employment of the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Voyageur Spirit </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO unit on the Huntington field for an additional twelve months out to April 2019.  The new contract, which will take effect in April 2018, will include a fixed rate component and an upside component based on the oil production and oil prices. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Offshore received notice from the charterer, Petrobras, that it plans to redeliver the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Rio das Ostras </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">FPSO unit to Teekay Offshore upon completion of the unit's firm charter contract in January 2018. As a result, Teekay Offshore is seeking redeployment opportunities.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October and November 2017, Teekay Offshore took delivery of the first two East Coast Canada shuttle tanker newbuildings, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Beothuk Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Norse Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, which are scheduled to commence long-term charters in December 2017 and January 2018 with a group of companies that includes Canada Hibernia Holding Corporation, Chevron Canada, Exxon Mobil, Husky Energy, Mosbacher Operating Ltd., Murphy Oil, Nalcor Energy, Statoil and Suncor Energy.  These newbuildings will replace two existing shuttle tankers that are currently operating in East Coast Canada, with the first replaced vessel transferring to the North Sea to provide required capacity in Teekay Offshore's Contract of Affreighment (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CoA</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) fleet and the second replaced vessel redelivering to its owner.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In October 2017, Teekay Offshore took delivery of the third of four state-of-the-art SX-157 Ulstein Design ultra-long distance towing and offshore installation newbuildings, the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">ALP Sweeper</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, constructed by Niigata Shipbuilding &amp; Repair in Japan. Due to the delayed delivery of the vessel, Teekay Offshore received a reimbursement from the shipyard of $8.1 million.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Tankers</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Tankers has entered into a voting and support agreement with its second largest shareholder, Huber Capital Management LLC (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Huber Capital</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), whereby Huber Capital will vote its shares in favor of increasing the authorized number of Teekay Tankers&#8217; Class A common shares at an upcoming November 17, 2017 special meeting of shareholders, to permit the issuance of Class A common shares as consideration to complete its proposed merger with TIL.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In November 2017, two leading independent proxy advisory firms, Institutional Shareholder Services Inc. (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">ISS</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) and Glass, Lewis &amp; Co., LLC (</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Glass Lewis</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">), both recommended that Teekay Tankers' shareholder vote "FOR" the proposed charter amendment, which will allow Teekay Tankers to effect its proposed merger with TIL, which owns 18 mid-size conventional tankers.  ISS and Glass Lewis are leading independent international proxy advisory firms, and their voting analyses and recommendations are relied upon by thousands of major institutional investment firms, mutual funds and fiduciaries throughout the world.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">8</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Since August 2017, Teekay Tankers has entered into agreements to sell two 1999-built Aframax tankers for aggregate proceeds of approximately $12.7 million. One Aframax tanker delivered to the buyer in September 2017 and the other is expected to be delivered to the buyer in the second half of November 2017.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">In September 2017, Teekay Tankers announced that its Board of Directors had authorized a share repurchase program for the repurchase of up to $45 million of Teekay Tankers' Class A common shares.&#160; Shares may be repurchased in the open market at times and prices considered appropriate by Teekay Tankers.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Tankers secured a time charter-out contract on an Aframax tanker for a firm period of 12 months at a daily rate of $15,000, plus a 12-month extension option at a higher rate, which commenced in October 2017.</font></div><div><a name="s7F06B0A0E46352A9B57A70BF6C9B5B90"></a></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Liquidity</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">As at </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, Teekay Parent had total liquidity of approximately $271.9 million (consisting of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$231.7 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of cash and cash equivalents and $40.2 million of undrawn revolving credit facilities) and, on a consolidated basis, Teekay had consolidated total liquidity of approximately $627.7 million (consisting of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">$453.3 million</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of cash and cash equivalents and $174.4 million of undrawn revolving credit facilities).  Giving pro-forma effect to Teekay LNG&#8217;s $170 million preferred unit issuance in October 2017, Teekay&#8217;s consolidated total liquidity at September 30, 2017 would have been approximately $792 million.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">As a result of the deconsolidation of Teekay Offshore as of September 25, 2017, Teekay's consolidated total liquidity excludes Teekay Offshore's total liquidity of approximately $416.3 million (excludes $24.3 million included in restricted cash relating to amounts deposited in escrow to pre-fund a portion of the remaining </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Petrojarl I</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO upgrade project costs).</font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Conference Call</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">The Company plans to host a conference call on Thursday, November 9, 2017 at 2:00 p.m. (ET) to discuss its results for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;quarter of </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">2017</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">.  An accompanying investor presentation will be available on Teekay&#8217;s website at</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">prior to the start of the call.  All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options: </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">By dialing (866) 548-4713 or (416) 640-5944, if outside North America, and quoting conference ID code 3371748.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">By accessing the webcast, which will be available on Teekay&#8217;s website at </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;text-decoration:underline;">www.teekay.com</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(the archive will remain on the website for a period of one year).</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">An accompanying </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Third</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;Quarter Earnings Presentation will also be available at</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font><font style="font-family:Arial;font-size:10pt;">&#32;in advance of the conference call start time. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">About Teekay</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay Corporation operates in the marine midstream space through its ownership of the general partner and a portion of the outstanding limited partner interests in Teekay LNG Partners L.P. (NYSE:TGP) and an interest in the general partner and a portion of the outstanding limited partner interests in Teekay Offshore Partners L.P. (NYSE:TOO). The general partners own all of the outstanding incentive distribution rights of these entities. In addition, Teekay has a controlling ownership interest in Teekay Tankers Ltd. (NYSE:TNK) and directly owns a fleet of vessels. The combined Teekay entities manage and operate consolidated assets of approximately $7.4 billion, comprised of approximately 220 liquefied gas, offshore, and conventional tanker assets. With offices in 14 countries and approximately 8,000 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world&#8217;s leading oil and gas companies.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Teekay&#8217;s common stock is listed on the New York Stock Exchange where it trades under the symbol &#8220;TK&#8221;. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">9</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-weight:bold;">For Investor Relations enquiries contact:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Ryan Hamilton</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Tel:  +1 (604) 609-2963</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">Website:</font><font style="font-family:Arial;font-size:10pt;">&#32;&#32;</font><font style="font-family:Arial;font-size:10pt;color:#40b4e5;text-decoration:underline;">www.teekay.com</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Definitions and Non-GAAP Financial Measures</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">This release includes various financial measures that are non-GAAP financial measures as defined under the rules of the U.S. Securities and Exchange Commission. These non-GAAP financial measures, which include Cash Flow from Vessel Operations, Adjusted Net Loss Attributable to Shareholders of Teekay, Teekay Parent GPCO Cash Flow, Teekay Parent OPCO Cash Flow, Teekay Parent Free Cash Flow, Net Interest Expense and Adjusted Equity Income, are intended to provide additional information and should not be considered a substitute for measures of performance prepared in accordance with GAAP. In addition, these measures do not have standardized meanings, and may not be comparable to similar measures presented by other companies.  The Company believes that certain investors use this information to evaluate the Company&#8217;s financial performance, as does management.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Non-GAAP Financial Measures</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Cash Flow from Vessel Operations</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;(</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CFVO</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) represents income from vessel operations before depreciation and amortization expense, amortization of in-process revenue contracts, asset impairments, gains or losses on the sale of vessels and equipment, write-off of deferred revenues and operating expenses and adjustments for direct financing leases to a cash basis, but includes realized gains or losses on the settlement of foreign currency forward contracts and a derivative charter contract.  </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CFVO - Consolidated</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;represents CFVO from vessels that are consolidated on the Company&#8217;s financial statements. </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CFVO - Equity Investments </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">represents the Company&#8217;s proportionate share of CFVO from its equity-accounted vessels and other investments. The Company does not control its equity-accounted vessels and investments and as a result, the Company does not have the unilateral ability to determine whether the cash generated by its equity-accounted vessels and other investments is retained within the entities in which the Company holds the equity accounted investment or distributed to the Company and other owners. In addition, the Company does not control the timing of such distributions to the Company and other owners. Consequently, readers are cautioned when using total CFVO as a liquidity measure as the amount contributed from </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">CFVO - Equity Investments</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;may not be available to the Company in the periods such CFVO is generated by its equity-accounted vessels and other investments.  CFVO is a non-GAAP financial measure used by certain investors and management to measure the operational financial performance of companies.  Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Appendices C</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">E</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of this release for reconciliations of these non-GAAP financial measures to income from vessel operations and income from vessel operations of equity accounted vessels, respectively, the most directly comparable GAAP measures reflected in the Company&#8217;s consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Adjusted Net Loss </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">excludes items of income or loss from GAAP net (loss) income that are typically excluded by securities analysts in their published estimates of the Company&#8217;s financial results. The Company believes that certain investors use this information to evaluate the Company&#8217;s financial performance, as does management. Please refer to </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Appendix A</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;of this release for a reconciliation of this non-GAAP financial measure to net (loss) income, and refer to footnote (4) of the income statement for a reconciliation of adjusted equity income to equity income (loss), the most directly comparable GAAP measure reflected in the Company&#8217;s consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;color:#2e3337;font-weight:bold;">Teekay Parent Financial Measures</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent Free Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;represents the sum of (a) distributions or dividends (including payments in kind) relating to a given quarter (but received by Teekay Parent in the following quarter) as a result of ownership interests in its publicly-traded subsidiaries (Teekay LNG, Teekay Offshore, and Teekay Tankers) net of Teekay Parent&#8217;s corporate general and administrative expenditures for the given quarter (collectively, </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent GPCO Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">) plus (b) CFVO attributed to Teekay Parent&#8217;s directly-owned and chartered-in assets, less Teekay Parent&#8217;s net interest expense and dry-dock expenditures for the given quarter (collectively, </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Teekay Parent OPCO Cash Flow</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">).  </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Net Interest Expense</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;includes interest expense, interest income and realized gains and losses on interest rate swaps. Please refer to </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">10</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Appendices B</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">, </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">C, D</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">E </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">of this release for further details and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures reflected in the Company&#8217;s consolidated financial statements. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">11</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sC05E6825F2E8588697A86787430BF6E6"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Consolidated Statements of (Loss) Income</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(in thousands of U.S. dollars, except share and per share data)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:694px;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:253px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Revenues</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">500,781</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">513,923</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">547,639</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,558,209</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,776,366</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Voyage expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(42,454</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(40,640</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(37,213</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(133,891</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(97,102</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Vessel operating expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(200,456</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(207,784</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(204,156</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(599,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(625,672</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Time-charter hire expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(28,645</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(30,689</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(33,810</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(98,106</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(111,727</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(136,942</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(142,741</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(141,688</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(422,713</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(426,924</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">General and administrative expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(27,662</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(29,541</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(30,052</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(88,641</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(92,890</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Asset impairments</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(243,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(245,159</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(43,649</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Net loss on sale of vessels, equipment and <br>  other operating assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(7,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(12,742</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(7,838</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(25,095</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(54,413</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Restructuring charges</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(2,883</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(3,117</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(5,059</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(22,921</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(Loss) income from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(189,846</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">48,286</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">89,765</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(59,955</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">301,068</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Interest expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(74,499</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(74,383</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(68,490</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(219,237</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(213,948</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Interest income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,536</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,143</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">4,917</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">3,507</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Realized and unrealized (loss) gain on</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;non-designated derivative instruments</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(6,128</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(30,570</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">29,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(43,173</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(166,967</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Equity income (loss)</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,264</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(47,984</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">21,070</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(36,373</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">73,706</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Income tax (expense) recovery</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(5,221</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(3,527</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">133</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(11,767</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(2,366</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Foreign exchange (loss) gain</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(2,642</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(17,342</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">6,116</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(22,888</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(19,555</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Loss on deconsolidation of Teekay Offshore</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(103,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(103,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Other (loss) income &#8211; net</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(4,705</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(759</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">480</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(5,169</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(20,806</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(383,065</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(124,743</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">80,143</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(496,833</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(45,361</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Less:  Net loss (income) attributable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;to non-controlling interests</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">370,483</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">44,591</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(74,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">358,843</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(75,159</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Net (loss) income attributable to the  </font></div><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">&#160;&#160;shareholders of Teekay Corporation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(12,582</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(80,152</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">6,072</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(137,990</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">(120,520</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Loss per common share of Teekay </font></div><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;&#160;Corporation</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;&#160;&#160;-     Basic </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(0.15</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(0.93</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">0.07</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1.60</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1.63</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;&#160;&#160;-     Diluted </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(0.15</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(0.93</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">0.07</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1.60</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1.63</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Weighted-average number of common shares</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;outstanding </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;&#160;&#160;-     Basic </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,261,330</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,259,207</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">84,887,101</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,232,315</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">76,887,689</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;&#160;&#160;&#160;&#160;-     Diluted </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,261,330</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,259,207</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">84,973,745</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">86,232,315</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">76,887,689</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Restructuring charges for the three and nine months ended September 30, 2017 primarily relate to severance costs from the termination of the charter contract for Teekay Offshore's </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Arendal Spirit </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">UMS. Restructuring charges for the nine months ended September 30, 2017 also relate to the reorganization and realignment of resources of the Company's strategic development function. Restructuring charges for the three and nine months ended September 30, 2016 primarily relate to the closure of offices and seafarers' severance amounts, part of which were recovered from the customer and which recovery was included in revenues in the consolidated statements of income (loss) for the three and nine months ended September 30, 2016. Restructuring charges for the three and nine months ended September 30, 2016 also include costs related to the reorganization of the Company's FPSO business.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">12</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Asset impairments for the three and nine months ended September 30, 2017 primarily relate to the impairments of two FPSO units in Teekay Parent. Factors contributing to the impairments included changes to the estimated cash flows and carrying values of the asset group for impairment assessment purposes under GAAP as a result of the deconsolidation of Teekay Offshore on September 25, 2017, and a re-evaluation of the estimated future net cash flows of the units.  Asset impairments for the three and nine months ended September 30, 2017 also include the impairments of three Suezmax tankers in Teekay LNG.  Please refer to Teekay LNG&#8217;s third quarter 2017 earnings release for additional information on the asset impairments. &#160;Asset impairments for the nine months ended September 30, 2016 relate to the write-downs of two units for maintenance and safety </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">(UMS)</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;newbuildings as a result of the cancellation of the related construction contracts by Teekay Offshore's subsidiaries within Logitel Offshore Pte. Ltd.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Realized and unrealized (losses) gains related to derivative instruments that are not designated as hedges for accounting purposes are included as a separate line item in the consolidated statements of (loss) income. The realized (losses) gains relate to the amounts the Company actually paid to settle such derivative instruments and the unrealized gains (losses) relate to the change in fair value of such derivative instruments, as detailed in the table below:</font></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:680px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:12px;"></td><td style="width:250px;"></td><td style="width:80px;"></td><td style="width:4px;"></td><td style="width:80px;"></td><td style="width:4px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:80px;"></td><td style="width:4px;"></td><td style="width:80px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="6" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Realized (losses) gains relating to:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest rate swaps</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(15,729</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(15,913</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(22,219</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(48,199</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(67,808</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Termination of interest rate swaps</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,006</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(610</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(8,140</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,609</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(618</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,583</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">638</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(9,915</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Time-charter swaps</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">360</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,096</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,106</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,222</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Forward freight agreements</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">234</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">81</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">347</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,886</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,096</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(23,706</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(46,718</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(84,641</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Unrealized gains (losses) relating to:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest rate swaps</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">11,575</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(15,517</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">47,816</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">5,181</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(96,055</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Foreign currency forward contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">735</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,809</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,006</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,383</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">21,070</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Stock purchase warrants </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,461</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(332</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(398</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,036</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(8,894</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Time-charter swap</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(402</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">208</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(875</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,553</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Forward freight agreements</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(91</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(32</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(108</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">7,758</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,474</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">53,632</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,545</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(82,326</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Total realized and unrealized (losses) gains on non-designated derivative instruments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,128</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(30,570</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">29,926</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(43,173</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(166,967</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">The Company&#8217;s proportionate share of items within equity income (loss) as identified in Appendix A of this release is detailed in the table below. By excluding these items from equity income (loss) as reflected in the consolidated statements of (loss) income, the Company believes the resulting adjusted equity income is a normalized amount that can be used to evaluate the financial performance of the Company&#8217;s equity accounted investments. Adjusted equity income is a non-GAAP financial measure. </font></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:120px;"></td><td style="width:117px;"></td><td style="width:85px;"></td><td style="width:4px;"></td><td style="width:85px;"></td><td style="width:4px;"></td><td style="width:85px;"></td><td style="width:4px;"></td><td style="width:85px;"></td><td style="width:4px;"></td><td style="width:85px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="6" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Equity income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,264</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(47,984</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">21,070</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(36,373</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">73,706</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Proportionate share of unrealized (gains) losses on derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,804</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,616</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,026</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,921</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Other</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(i)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,963</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">49,994</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">57,719</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,517</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Equity income adjusted for items in </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-style:italic;">Appendix A</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,423</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">5,863</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">11,928</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">19,320</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">70,268</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:25px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:25px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:-2px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Other for the three and nine months ended September 30, 2017 include realized losses on cross-currency swap and interest rate swap amendments in Teekay Offshore and foreign currency exchange gains and losses in the Company's equity accounted investments. </font><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">Refer to footnote (2) of </font><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;font-style:italic;">Appendix A </font><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">included in this release for further details. </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Other for the three months ended June 30, 2017 and nine months ended September 30, 2017 include the write-down of the Company's and Teekay Tankers' equity investments in TIL to their estimated fair value, based on the best available indication of fair value at June 30, 2017, which was the TIL share price as on that date.&#160; This resulted in a consolidated non-cash impairment charge of $48.6 million during the quarter ended June 30, 2017, related to their equity investments in TIL. </font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:25px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">13</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">In connection with Brookfield's acquisition of the 49 percent interest in TOO GP, Teekay and Brookfield entered into an amended limited liability company agreement whereby Brookfield obtained certain participatory rights in the management of TOO GP, which resulted in Teekay deconsolidating Teekay Offshore for accounting purposes on September 25, 2017. Subsequent to the closing of the Brookfield transaction, Teekay retains significant influence over Teekay Offshore and accounts for its investment in Teekay Offshore using the equity method. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">The following table shows the impact from the deconsolidation of Teekay Offshore on September 25, 2017. On such date, the Company recognized both the net cash proceeds it received as part of the Brookfield transaction and the fair value of its retained interests in Teekay Offshore, including common units, warrants, intercorporate loans and vessel charters with Teekay Offshore, and derecognized the carrying value of both Teekay Offshore&#8217;s net assets and the non-controlling interest in Teekay Offshore, with the difference between the amounts recognized and derecognized being the loss on deconsolidation. </font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;padding-left:6px;text-indent:-6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.61013645224172%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:70%;"></td><td style="width:29%;"></td><td style="width:1%;"></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As of September 25, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Net cash proceeds received by Teekay</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">139,693</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Fair value of Teekay's net investment in Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">203,140</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Carrying value of the non-controlling interest in Teekay Offshore</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,138,275</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Subtotal</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,481,108</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Less:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Carrying value of Teekay Offshore's net assets on deconsolidation</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(1,584,296</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:76px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:3px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Loss on deconsolidation of Teekay Offshore</font></div></td><td style="vertical-align:bottom;border-bottom:3px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(103,188</font></div></td><td style="vertical-align:bottom;border-bottom:3px solid #2ea2c8;background-color:#eef8fc;padding-right:76px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Subsequent to the formation of the Daughter Entities, Teekay sold certain vessels to the Daughter Entities.  Even though the Daughter Entities were not wholly-owned subsidiaries of Teekay, all of the gain or loss on sales of these vessels was fully eliminated upon consolidation. Consequently, the portion of the gain or loss attributable to Teekay&#8217;s reduced interest in the vessels was deferred. The total unrecognized net deferred gain relating to the vessels previously sold from Teekay to Teekay Offshore was $349.6 million. Upon deconsolidation of Teekay Offshore, such amount was recognized in net loss (income) attributable to non-controlling interests.&#160; </font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">14</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s2F3C56F79F905076A2D755A581D5DA1B"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;font-size:13pt;"><font style="font-family:Arial;font-size:13pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:13pt;"><font style="font-family:Arial;font-size:13pt;color:#40b4e5;">Summary Consolidated Balance Sheets</font></div><div style="line-height:120%;padding-left:0px;font-size:10pt;"><font style="font-family:Arial;font-size:8.5pt;color:#2e3337;">(in thousands of U.S. dollars)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:679px;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:281px;"></td><td style="width:129px;"></td><td style="width:4px;"></td><td style="width:128px;"></td><td style="width:4px;"></td><td style="width:129px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at September 30, </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at June 30, </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">As at December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">ASSETS</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Cash and cash equivalents - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">231,669</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">110,249</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">146,362</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Cash and cash equivalents - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">161,008</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">191,110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">126,146</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Cash and cash equivalents - Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">212,267</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">227,378</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Cash and cash equivalents - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">60,606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">87,255</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">68,108</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Other current assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">339,277</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">331,954</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">389,727</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Restricted cash - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">4,820</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">4,534</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">4,562</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Restricted cash - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">93,012</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">108,243</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">117,027</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Restricted cash - Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">99,720</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">114,909</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Restricted cash - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">4,317</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,380</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">750</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Assets held for sale</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">23,400</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">23,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">61,282</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Vessels and equipment - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">346,090</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">568,042</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">602,672</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Vessels and equipment - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,960,207</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">2,014,909</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,858,381</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Vessels and equipment - Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">3,997,446</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">4,084,803</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Vessels and equipment - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,514,685</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,554,055</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,605,372</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Advances on newbuilding contracts/conversions</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">492,800</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,082,277</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">987,658</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Investment in equity accounted investees</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,187,648</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">978,266</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,010,308</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Investment in direct financing leases</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">633,805</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">653,846</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">660,594</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Other assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">235,863</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">491,883</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">482,908</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Intangible assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">97,949</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">82,466</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">89,175</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Goodwill</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">43,692</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">176,630</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">176,630</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;font-weight:bold;">Total Assets</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">7,430,848</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">12,770,432</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">12,814,752</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">LIABILITIES AND EQUITY</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#cfebf5;padding-left:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Accounts payable and accrued liabilities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">217,771</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">437,564</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">448,670</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Advances from affiliates</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">79,208</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">12,275</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">8,522</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Current portion of long-term debt - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">52,115</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">52,113</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">52,169</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Current portion of long-term debt - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">624,824</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">301,236</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">228,864</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Current portion of long-term debt - Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">891,558</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">586,892</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Current portion of long-term debt - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">166,185</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">150,254</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">171,019</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Long-term debt - Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">754,085</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">730,892</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">680,241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Long-term debt - Teekay LNG</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,975,849</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">2,192,615</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,955,201</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Long-term debt - Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">2,252,561</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">2,596,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Long-term debt - Teekay Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">630,676</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">671,532</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">761,997</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Derivative liabilities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">134,244</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">481,564</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">530,854</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">In process revenue contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">42,618</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">103,884</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">122,690</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Other long-term liabilities </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">131,115</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">328,823</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">333,236</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Redeemable non-controlling interest</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">249,778</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">249,102</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Equity:</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Non-controlling interests</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,833,095</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">3,108,941</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">3,189,928</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Shareholders of Teekay</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">789,063</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">804,842</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">899,365</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;font-weight:bold;">Total Liabilities and Equity</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">7,430,848</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">12,770,432</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">12,814,752</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Net debt - Teekay Parent</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">569,711</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">668,222</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">581,486</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Net debt - Teekay LNG</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,346,653</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,194,498</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">1,940,892</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Net debt - Teekay Offshore</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,832,132</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">2,840,607</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">Net debt - Teekay Tankers</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">731,938</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">733,151</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">864,158</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">(1)   Refer to footnote (5) of the summary consolidated statements of (loss) income included in this release for further details.</font></div><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">(2)   Net debt is a non-GAAP financial measure and represents current and long-term debt less cash and cash equivalents and, if applicable,                 </font></div><div style="line-height:120%;text-align:justify;font-size:7.5pt;"><font style="font-family:Arial;font-size:7.5pt;color:#2e3337;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;restricted cash. </font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">15</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s4E4C19FF865950B688EEACE8C9FCE193"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Consolidated Statements of Cash Flows</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:677px;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:466px;"></td><td style="width:101px;"></td><td style="width:4px;"></td><td style="width:101px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Nine Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Cash and cash equivalents provided by (used for)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">OPERATING ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Net loss</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(496,833</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(45,361</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Non-cash items: </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">422,713</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">426,924</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Amortization of in-process revenue contracts</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(22,307</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(21,191</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Unrealized gains on derivative instruments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(94,532</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(10,847</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Net loss on sale of vessels, equipment and other operating assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,095</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">43,649</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Asset impairments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">245,159</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">54,413</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Equity loss (income), net of dividends received</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">72,159</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(37,393</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Income tax expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">11,767</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,366</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Unrealized foreign exchange loss and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">111,216</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">96,257</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Deconsolidation loss </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">103,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Change in operating assets and liabilities </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">72,558</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">28,797</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Expenditures for dry docking</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(38,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(33,841</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;font-weight:bold;">Net operating cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">411,479</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">503,773</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">FINANCING ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Proceeds from issuance of long-term debt, net of issuance costs</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">680,261</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,568,348</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Prepayments of long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(314,029</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,532,606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Scheduled repayments of long-term debt</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(615,337</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(616,343</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Decrease in restricted cash</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">105,999</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">27,384</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Net proceeds from equity issuances of subsidiaries</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">8,521</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">190,007</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Net proceeds from equity issuances of Teekay Corporation </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">101,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Distributions paid from subsidiaries to non-controlling interests</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(88,133</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(98,657</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Cash dividends paid</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(14,235</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,667</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Proceeds from sales-leaseback of vessels</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">153,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Other financing activities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(24,348</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,567</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">Net financing cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(108,301</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(390,201</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">INVESTING ACTIVITIES</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Expenditures for vessels and equipment</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(694,507</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(547,345</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Proceeds from sale of vessels and equipment </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">67,440</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">163,588</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Proceeds from sale-leaseback of vessels</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">335,830</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">355,306</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Investment in equity-accounted investments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(109,580</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(63,120</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Advances to joint ventures and joint venture partners</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,576</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,259</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#333333;">Cash of Teekay Offshore upon deconsolidation, net of proceeds received</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,977</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Other investing activities</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">13,481</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,162</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">Net investing cash flow</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(417,889</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(86,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #2ea2c8;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">(Decrease) increase in cash and cash equivalents</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(114,711</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">26,904</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;">Cash and cash equivalents, beginning of the period</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">567,994</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">678,392</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#333333;font-weight:bold;">Cash and cash equivalents, end of the period</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">453,283</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #2ea2c8;background-color:#eef8fc;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #2ea2c8;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">705,296</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #2ea2c8;background-color:#eef8fc;border-top:1px solid #2ea2c8;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">16</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sA65250088AB353FA8E2EE9B0E989D49A"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix A - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Adjusted Net Loss</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in thousands of U.S. dollars, except per share data)</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:710px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:16px;"></td><td style="width:300px;"></td><td style="width:64px;"></td><td style="width:4px;"></td><td style="width:52px;"></td><td style="width:4px;"></td><td style="width:69px;"></td><td style="width:4px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:62px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ Per </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ Per </font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ Per </font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$ </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">$</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Net (loss) income &#8211; GAAP basis</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(383,065</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(124,743</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">80,143</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Adjust for: Net loss (income) attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;&#160;&#160;non-controlling interests </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">370,483</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">44,591</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(74,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Net (loss) income attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,582</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(0.15</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(80,152</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(0.93</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">6,072</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">0.07</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">Add (subtract) specific items affecting net (loss): </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Unrealized (gains) losses from derivative instruments</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,555</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.13</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">18,148</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.21</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(60,245</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.72</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Foreign exchange (gains) losses</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(853</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">12,263</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,815</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Net loss on sale of vessels, equipment and other <br>  operating assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">7,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.09</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">12,742</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.15</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,931</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Asset impairments</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">243,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2.82</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">50,071</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.58</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">8,330</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.10</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Restructuring charges, net of recovery</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,909</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,687</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.02</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Realized loss on interest rate swap amendments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">5,347</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.06</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Loss on deconsolidation of Teekay Offshore</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">103,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1.20</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Other</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(7)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">8,371</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.10</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,311</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.20</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">582</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Non-controlling interests&#8217; share of items above</font><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;background-color:#eef8fc; font-size:6pt">(8)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(382,048</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(68,528</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.79</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">38,784</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.46</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Total adjustments </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(23,056</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.26</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">42,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.49</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(25,608</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(0.30</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Adjusted net loss attributable to</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;font-weight:bold;">shareholders of Teekay </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(35,638</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(0.41</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(38,145</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(0.44</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(19,536</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(0.23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;padding-left:36px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Basic per share amounts.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Reflects the unrealized (gains) losses relating to the change in the mark-to-market value of derivative instruments that are not designated as hedges for accounting purposes, including those investments included in the Company's proportionate share of equity income (loss) from joint ventures, and hedge ineffectiveness from derivative instruments designated as hedges for accounting purposes. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Foreign currency exchange (gains) losses primarily relate to the Company&#8217;s debt denominated in Euros and Norwegian Kroner (</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">NOK</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">) and unrealized losses on cross currency swaps used to economically hedge the principal and interest on NOK bonds. Nearly all of the Company&#8217;s foreign currency exchange gains and losses are unrealized.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Refer to footnote (4) of the summary consolidated statements of (loss) income included in this release for further details.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Refer to footnote (1) of the summary consolidated statements of (loss) income included in this release for further details.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Refer to footnote (5) of the summary consolidated statements of (loss) income included in this release for further details.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Other for the three months ended September 30, 2017 primarily relates to the settlement of a contingent liability in Teekay Offshore, legal fees associated with the Brookfield transaction, legal fees associated with Teekay Tanker's proposed merger with TIL, and costs, including those associated with interest rate swaps, related to projects during their pre-operational phases.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Items affecting net income include items from the Company&#8217;s consolidated non-wholly-owned subsidiaries. The specific items affecting net income are analyzed to determine whether any of the amounts originated from a consolidated non-wholly-owned subsidiary. Each amount that originates from a consolidated non-wholly-owned subsidiary is multiplied by the non-controlling interests&#8217; percentage share in this subsidiary to determine the non-controlling interests&#8217; share of the amount. The amount identified as &#8220;Non-controlling interests&#8217; share of items above&#8221; in the table above is the cumulative amount of the non-controlling interests&#8217; proportionate share of items listed in the table.  &#8220;Non-controlling interests&#8217; share of items above&#8221; for the three months ended September 30, 2017 also includes the recognition of previously deferred gains of $349.6 million.&#160; See footnote (6) of the summary consolidated statements of (loss) income included in this release for further details. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:36px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">17</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sCC894D342A545EF495A98BEB41250B8B"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix B - Supplemental Financial Information</font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Summary Statement of Loss for the Three Months Ended </font></div><div style="line-height:120%;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">&#32;</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(unaudited)</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:684px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:12px;"></td><td style="width:229px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:66px;"></td><td style="width:4px;"></td><td style="width:66px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:68px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Consolidation </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Offshore</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">LNG </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Tankers</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Parent</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Adjustments</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Revenues </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">255,781</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">104,285</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">91,238</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">72,022</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(22,545</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">500,781</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Voyage expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(23,465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,466</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(18,303</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(562</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,342</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(42,454</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Vessel operating expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(81,110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(26,724</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(40,958</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(51,774</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(200,456</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Time-charter hire expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,329</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,835</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(21,968</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">18,487</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(28,645</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(70,393</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(24,980</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(24,328</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(136,942</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">General and administrative expenses</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(18,403</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,793</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(7,622</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,450</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(27,662</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Asset impairments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(38,000</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(205,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(243,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Net loss on sale of vessels, equipment and</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">other operating assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(7,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(7,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Restructuring charges </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,697</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(186</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,883</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Income (loss) from vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">40,384</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10,322</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,734</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(226,818</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(189,846</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(36,287</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(20,091</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(7,299</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,440</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,618</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(74,499</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest income </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">664</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">602</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">305</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,947</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,618</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,900</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized and unrealized (loss) gain</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">on derivative instruments   </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(606</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,178</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">390</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,734</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,128</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Equity income (loss)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,128</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,417</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(274</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,007</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,264</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Equity in earnings of subsidiaries</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">331,418</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(331,418</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Income tax expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,142</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(750</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,864</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,221</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Foreign exchange (loss) gain</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,362</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,104</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">81</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">5,743</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,642</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Other (loss) income - net</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,837</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">356</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">15</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(239</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,705</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Loss on deconsolidation of Teekay Offshore</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(103,987</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">799</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(103,188</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Net loss</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,058</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(15,426</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(22,380</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,582</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(330,619</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(383,065</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Less: Net income attributable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">to non-controlling interests</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,351</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,470</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">376,304</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">370,483</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Net loss attributable to shareholders/</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">unitholders of publicly-listed entities</font></div><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,409</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(18,896</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(22,380</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,582</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">45,685</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,582</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Teekay Offshore was consolidated by the Company for the period up to September 25, 2017 and equity accounted for thereafter. Teekay Offshore recorded in its full quarter results for the third quarter of 2017 impairment charges of $316.7 million. These impairment charges are not reflected in Teekay Offshore's results in the table above as Teekay Offshore is consolidated only up to September 25, 2017.  However, the Company's proportionate share of those impairment charges are effectively included in Teekay Parent as part of the calculation of Loss on deconsolidation of Teekay Offshore.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Consolidation Adjustments column includes adjustments which eliminate transactions between subsidiaries (a) Teekay Offshore, Teekay LNG and Teekay Tankers and (b) Teekay Parent.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Teekay Corporation&#8217;s proportionate share of the net earnings of its publicly-traded subsidiaries.  Refer to footnote (6) of the summary consolidated statements of (loss) income included in this release for further details.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Net income attributable to non-controlling interests in the Teekay Offshore and Teekay LNG columns represents the joint venture partners&#8217; share of the net income or loss of their respective joint ventures.  Net income attributable to non-controlling interest in the Consolidation Adjustments column represents the public&#8217;s share of the net income of Teekay&#8217;s publicly-traded subsidiaries.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">18</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s948B6116FCB55A5A8F4E0A5FEBD8BB39"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix C - Supplemental Financial Information </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Parent Summary Operating Results </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">For the Three Months Ended </font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">&#32;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(unaudited)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:632px;border-collapse:collapse;text-align:left;"><tr><td colspan="11"></td></tr><tr><td style="width:220px;"></td><td style="width:82px;"></td><td style="width:4px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:76px;"></td><td style="width:4px;"></td><td style="width:77px;"></td><td style="width:4px;"></td><td style="width:78px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Teekay </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Conventional </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Corporate </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Tankers </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">FPSOs</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Other</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">G&amp;A</font><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Total </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Revenues </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,041</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">51,254</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">19,727</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">72,022</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Voyage expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(92</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(9</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(461</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(562</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Vessel operating expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,457</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(40,438</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(9,879</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(51,774</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Time-charter hire expense</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,423</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(7,714</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,831</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(21,968</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,320</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">79</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">General and administrative expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(146</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,071</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,271</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">496</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,450</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Asset impairments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(205,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(205,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Restructuring charges </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(186</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(186</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">(Loss) income from vessel operations </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,077</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(223,957</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(280</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">496</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(226,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td></tr><tr><td colspan="11" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Reconciliation of (loss) income from vessel operations to cash flow from vessel operations</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">(Loss) income from vessel operations </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,077</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(223,957</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(280</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">496</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(226,818</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,320</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(79</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Asset impairments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">205,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">205,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Amortization of in-process revenue </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;&#160;contracts and other </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,483</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(646</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,129</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">Realized gains from the </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;&#160;settlements of non-designated </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;background-color:#eef8fc;color:#2e3337;">&#160;&#160;&#160;derivative instruments </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">560</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">560</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Consolidated</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,077</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,901</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,005</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">496</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,487</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Equity Investments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">629</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,025</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,386</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Total </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,448</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,891</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,030</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">496</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(6,873</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes recoveries from Teekay Offshore for business development costs.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes the results of two chartered-in LNG carriers owned by Teekay LNG and two chartered-in FSO units owned by Teekay Offshore.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes recoveries from Teekay Offshore for legal expenses.  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:28px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">In addition to the CFVO generated by its directly owned and chartered-in assets, Teekay Parent also receives cash dividends and distributions from its publicly-traded subsidiaries.  For the three months ended </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">September&#160;30, 2017</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">, Teekay Parent received cash distributions and dividends from these subsidiaries totaling </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">$6.7 million</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">. The distributions and dividends received by Teekay Parent include, among others, those made with respect to its general partner interests in Teekay Offshore and Teekay LNG.  Please refer to </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendix D</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;this release for further details. </font></div></td></tr></table><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">19</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s1ABEF0F5F6A45654AC957FF8CFD8F578"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix D - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Parent Free Cash Flow </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars, except share and per share data)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:685px;border-collapse:collapse;text-align:left;"><tr><td colspan="12"></td></tr><tr><td style="width:16px;"></td><td style="width:217px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:84px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="10" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">December 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#2ea2c8;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td 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style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">TEEKAY PARENT GPCO CASH FLOW </font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Daughter Entities distributions </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">to Teekay Parent</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Limited Partner interests</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay LNG </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Offshore </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">566</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">444</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,624</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,465</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,305</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;GP interests </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay LNG </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">228</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">228</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">228</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">227</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">227</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Offshore </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">16</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">31</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">336</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">331</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">321</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Other Dividends </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Tankers</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,690</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,690</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,276</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,276</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,212</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Offshore</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">637</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">683</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">683</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">683</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">683</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Total Daughter Entity Distributions </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,666</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,605</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10,676</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10,511</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10,277</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Less:  </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Corporate general and </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;administrative expenses</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(5)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">496</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,318</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,759</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Total Parent GPCO Cash Flow </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">7,162</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">3,287</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">4,720</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">3,752</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">6,370</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">TEEKAY PARENT OPCO CASH FLOW </font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay Parent cash flow from </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">vessel operations</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(6)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;Conventional Tankers</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,077</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,988</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,459</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,372</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(363</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;FPSOs</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(7)</sup></font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,901</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,089</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,830</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,522</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">2,295</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;Other</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(8)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,005</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,997</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,040</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">134</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,818</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Total</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(9)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,983</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(10,074</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,329</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,284</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">114</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Less:    Net interest expense</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(10)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,072</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,780</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,362</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,258</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay Parent OPCO Cash Flow </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(19,055</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(22,854</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(25,691</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(8,030</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(13,144</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">TOTAL TEEKAY PARENT FREE </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CASH FLOW </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(11,893</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(19,567</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(20,971</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,278</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(6,774</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #2ea2c8;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Weighted-average number of </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">common shares - Basic </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">86,261,330</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">86,259,207</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">86,183,831</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">86,131,038</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">84,887,101</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Daughter Entity dividends and distributions for a given quarter consists of the amount of dividends and distributions (including payments in kind) relating to such quarter but received by Teekay Parent in the following quarter.  The limited partner and general partner distributions received from Teekay Offshore for the quarters ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016 were paid-in-kind in the form of new Teekay Offshore common units.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">20</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Common share/unit dividend/distribution cash flows to Teekay Parent are based on Teekay Parent&#8217;s ownership on the ex-dividend date for the respective publicly-traded subsidiary and period as follows:</font></div></td></tr></table><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:699px;border-collapse:collapse;text-align:left;"><tr><td colspan="17"></td></tr><tr><td style="width:212px;"></td><td style="width:14px;"></td><td style="width:84px;"></td><td style="width:4px;"></td><td style="width:14px;"></td><td style="width:70px;"></td><td style="width:4px;"></td><td style="width:16px;"></td><td style="width:70px;"></td><td style="width:4px;"></td><td style="width:16px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:14px;"></td><td style="width:84px;"></td><td style="width:4px;"></td><td style="width:6px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="14" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">December 31,</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="3" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay LNG </font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Distribution per common unit </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.14</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Common units owned by  </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Parent </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,208,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,208,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,208,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,208,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">25,208,274</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Total distribution </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529,158</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529,158</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529,158</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529,158</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,529,158</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay Offshore </font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Distribution per common unit </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.01</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.11</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.11</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.11</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Common units owned by  </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Teekay Parent </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">56,587,484</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">44,400,566</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">42,037,728</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">40,589,218</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">39,138,991</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Total distribution </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">565,875</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">444,006</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,624,150</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,464,814</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">4,305,289</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay Tankers </font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;</sup>&#160;</font></div></td><td style="vertical-align:middle;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Dividend per share </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">0.03</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Shares owned by Teekay Parent</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">56,317,627</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">56,317,627</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">42,542,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">42,542,403</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">40,387,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;Total dividend </font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,689,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,689,529</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,276,272</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,276,272</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">$</font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,211,617</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes Class A and Class B shareholdings. Teekay Tankers' current dividend policy is to pay out 30 percent to 50 percent of its quarterly adjusted net income (as defined) with a minimum quarterly dividend of $0.03 per share.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes distributions from Teekay Parent's interest in Teekay Offshore's 10.5% Series D Preferred Units acquired in June 2016.  The distribution received for the quarters ended June 30, 2017, March 31, 2017, December 31, 2016 and September 30, 2016 were paid-in-kind in the form of new Teekay Offshore common units.  All outstanding Series D Preferred Units were repurchased by Teekay Offshore in September 2017 as part of the Brookfield Transaction.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes recoveries from Teekay Offshore for legal expenses for the three months ended September 30, 2017. Includes a one-time compensation cost associated with the retirement of Teekay Corporation's Chief Executive Officer for the three months ended December 31, 2016.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Please refer to </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendices C</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;and </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">E</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;for additional financial information on Teekay Parent&#8217;s cash flow from vessel operations.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes recoveries from Teekay Offshore for business development costs for the three months ended September 30, 2017. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Includes $0.4 million, $0.9 million, $2.2 million, $0.3 million, and $1.1 million for the three months ended June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, relating to 50 percent of the CFVO from TTOL. Teekay Parent owned 50 percent of TTOL for the period up to May 31, 2017, when Teekay Tankers purchased the remaining 50 percent of TTOL from Teekay Parent. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(9)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Excludes corporate general and administrative expenses relating to Teekay Parent GPCO Cash Flow. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(10)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Please see </font><font style="font-family:Arial;font-size:8pt;color:#2e3337;font-style:italic;">Appendix E</font><font style="font-family:Arial;font-size:8pt;color:#2e3337;">&#32;to this release for a description of this measure and a reconciliation of this non-GAAP financial measure as used in this release to interest expense net of interest income, the most directly comparable GAAP financial measure.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">21</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s6C84C7B7825C501BAE45181DB2779B63"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Cash Flow from Vessel Operations - Consolidated </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:680px;border-collapse:collapse;text-align:left;"><tr><td colspan="8"></td></tr><tr><td style="width:16px;"></td><td style="width:372px;"></td><td style="width:92px;"></td><td style="width:4px;"></td><td style="width:93px;"></td><td style="width:4px;"></td><td style="width:94px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(Loss) income from vessel operations </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(189,846</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">48,286</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">89,765</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">136,942</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">142,741</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">141,688</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process revenue contracts and other </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,737</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,241</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,921</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized gains (losses) from the settlements of non-designated  </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">derivative instruments </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,843</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(177</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,364</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Asset impairments</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">243,659</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,500</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">7,766</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Net loss on sale of vessels, equipment and other operating assets</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">7,926</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">12,742</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">72</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Termination of </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-style:italic;">Arendal Spirit</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;UMS charter contract</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">8,888</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Cash flow from time-charter contracts, net of revenue accounted for </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">as direct finance leases </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,071</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,509</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">6,809</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Consolidated </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">196,858</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">214,248</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">238,815</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Equity Investments (see </font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-style:italic;font-weight:bold;">Appendix E)</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">41,202</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">40,248</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">46,699</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">CFVO - Total </font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">238,060</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">254,496</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">285,514</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:25px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">22</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sF0D6B1FBEED95CD3BF0DF35AA0A6E89B"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Cash Flow from Vessel Operations - Equity Accounted Vessels </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:682px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:13px;"></td><td style="width:209px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:72px;"></td><td style="width:4px;"></td><td style="width:73px;"></td><td style="width:4px;"></td><td style="width:73px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="12" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended  </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September&#160;30, 2017</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June&#160;30, 2017</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September&#160;30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td><td colspan="4" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited) </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Company's </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Company's </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">At</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Company's </font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">100%</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Portion</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">100%</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Portion</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">100%</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Portion</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(2)</sup></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Revenues </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">196,281</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">78,912</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">176,125</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">74,082</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">194,068</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">81,764</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Vessel and other operating expenses </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(101,063</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(40,279</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(86,424</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(36,077</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(89,084</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(37,143</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(48,045</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,425</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(40,199</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,428</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(39,982</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(17,288</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Income from vessel operations of </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">equity accounted vessels </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">47,173</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">19,208</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">49,502</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">20,577</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">65,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">27,333</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(36,568</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(14,878</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(29,607</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,383</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(26,604</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,278</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized and unrealized (loss) gain on </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">derivative instruments </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(21,538</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,652</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(20,957</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,647</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">9,401</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,481</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Write-down of other assets</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(3)</sup></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(48,571</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Other - net </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,716</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">586</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,284</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(960</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,663</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,544</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Net (loss) income of equity </font></div><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;&#160;&#160;&#160;accounted vessels</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,649</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,264</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,346</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(47,984</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">51,462</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">21,080</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Income from vessel operations of </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">equity accounted vessels </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">47,173</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">19,208</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">49,502</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">20,577</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">65,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">27,333</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">43,134</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">19,425</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">40,199</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,428</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">39,982</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,288</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Cash flow from time-charter contracts, </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">net of revenue accounted for as </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">direct finance lease </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10,017</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,636</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">9,476</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,361</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">9,333</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">3,388</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process  </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">revenue contracts and other </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,065</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,067</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,118</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,553</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,310</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Cash flow from vessel operations </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">of equity accounted vessels</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(4)</sup></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">98,259</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">41,202</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">96,636</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">40,248</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">111,764</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">46,699</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">The Company&#8217;s proportionate share of its equity accounted vessels and other investments, including its investment in Teekay Offshore, ranges from 14 percent to 52 percent.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">On May 31, 2017, Teekay Tankers acquired from Teekay Parent, the remaining 50% interest in TTOL. As a result of the acquisition, the financial information for Teekay Tankers prior to the date that Teekay Tankers acquired interests in TTOL are retroactively adjusted to include the results of TTOL during the periods they were under common control of Teekay and had begun operations. As a result, TTOL's results are no longer included in this table.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">Refer to footnote (4) of the summary consolidated statements of (loss) income included in this release for further details.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#2e3337;">CFVO from equity accounted vessels represents the Company&#8217;s proportionate share of CFVO from its equity accounted vessels and other investments.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:4px;text-align:justify;padding-left:24px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">23</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s6D86EB5097405ABFA745ECAF09FD3A6D"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures</font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Cash Flow from Vessel Operations - Teekay Parent </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:594px;border-collapse:collapse;text-align:left;"><tr><td colspan="15"></td></tr><tr><td style="width:10px;"></td><td style="width:218px;"></td><td style="width:82px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended June 30, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Conventional</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Tankers</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent loss from</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,988</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(18,618</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(4,466</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,318</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(29,390</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,320</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(75</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,245</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,483</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">135</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,348</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized losses from the</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">settlements of non-designated</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">foreign currency derivative </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">instruments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(308</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Cash flow from vessel</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">operations -  Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,988</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(3,089</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,406</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(3,318</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(13,801</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:597px;border-collapse:collapse;text-align:left;"><tr><td colspan="15"></td></tr><tr><td style="width:12px;"></td><td style="width:220px;"></td><td style="width:82px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended March 31, 2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Conventional</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Tankers</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent loss from</font></div><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,459</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(20,411</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,846</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(5,956</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(35,672</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,319</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(44</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,275</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,484</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(15</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,499</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized losses from the</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">settlements of non-designated</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">foreign currency derivative </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">instruments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(254</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(254</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Cash flow from vessel</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">operations -  Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,459</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,830</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(6,905</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(5,956</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(20,150</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">24</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:595px;border-collapse:collapse;text-align:left;"><tr><td colspan="15"></td></tr><tr><td style="width:12px;"></td><td style="width:218px;"></td><td style="width:82px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended December 31, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Conventional</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Tankers</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent loss from</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,323</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(9,151</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,297</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(6,759</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(21,530</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,546</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(112</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,434</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:4px;text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(Gain) loss on sale of vessels and equipment</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(49</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:36px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">110</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">61</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,483</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,274</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(209</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized losses from the</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">settlements of non-designated</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">foreign currency derivative </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">instruments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(500</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(500</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Cash flow from vessel</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">operations -  Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,372</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">6,522</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid 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style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(6,759</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,744</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:595px;border-collapse:collapse;text-align:left;"><tr><td colspan="15"></td></tr><tr><td style="width:12px;"></td><td style="width:218px;"></td><td style="width:82px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:61px;"></td><td style="width:4px;"></td><td style="width:65px;"></td><td style="width:4px;"></td><td style="width:5px;"></td><td style="width:60px;"></td><td style="width:4px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended September 30, 2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="13" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Teekay</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Conventional</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Corporate</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Parent</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Tankers</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">FPSOs</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">G&amp;A</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cfebf5;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent loss from</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">vessel operations</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(363</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(13,116</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(2,002</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(3,907</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(19,388</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,713</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(113</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">17,600</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Amortization of in-process</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">revenue contracts and other</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,483</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">10</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(1,473</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Realized losses from the</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">settlements of non-designated</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">foreign currency derivative </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">instruments</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(819</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(819</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Cash flow from vessel</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">operations -  Teekay Parent</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(363</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">2,295</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(2,105</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(3,907</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(4,080</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:12px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">25</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sF221FDA1C64E562E9EE1A633EF6B1A7A"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Teekay Corporation </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Appendix E - Reconciliation of Non-GAAP Financial Measures </font></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Net Interest Expense - Teekay Parent </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in thousands of U.S. dollars)</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:694px;border-collapse:collapse;text-align:left;"><tr><td colspan="14"></td></tr><tr><td style="width:8px;"></td><td style="width:96px;"></td><td style="width:125px;"></td><td style="width:89px;"></td><td style="width:4px;"></td><td style="width:84px;"></td><td style="width:4px;"></td><td style="width:90px;"></td><td style="width:4px;"></td><td style="width:86px;"></td><td style="width:4px;"></td><td style="width:89px;"></td><td style="width:4px;"></td><td style="width:5px;"></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="10" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Three Months Ended</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">June 30,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">March 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">December 31,</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">September 30,</font></div></td><td style="vertical-align:bottom;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2017</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">2016</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td colspan="2" style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">(unaudited)</font></div></td><td style="vertical-align:middle;background-color:#279fc7;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest expense </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(74,499</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(74,383</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(70,355</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(69,018</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(68,490</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest income </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,900</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,536</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,481</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">1,143</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest expense net of interest income - consolidated </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(72,599</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(72,847</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(68,874</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(67,704</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(67,347</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Less: </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Non-Teekay Parent interest expense net of interest income and adjustment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(60,201</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(60,777</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(57,282</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(56,227</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(55,035</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Interest expense net of interest income</font><font style="font-family:Arial;font-size:9pt;color:#2e3337;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">&#160;&#160;&#160;&#160;&#160;</sup></font><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;- Teekay Parent</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,398</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,070</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,592</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(11,477</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(12,312</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Add: </font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">Teekay Parent realized losses on interest rate swaps</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(674</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(710</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(770</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(837</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">(946</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr><tr><td colspan="3" style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">Net interest expense - Teekay Parent </font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(13,072</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,780</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,362</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:28px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(12,314</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">(13,258</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-right:20px;padding-top:2px;padding-bottom:2px;border-top:1px solid #279fc7;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#2e3337;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1.5px solid #279fc7;background-color:#eef8fc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #279fc7;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">26</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s368C0531715453F9B5D4EF580FB810BB"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.64603481624758%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="colorlogo05.jpg" alt="colorlogo05.jpg" style="height:45px;width:136px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:57px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:15pt;"><font style="font-family:Arial;font-size:15pt;color:#40b4e5;">Forward Looking Statements </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#2e3337;">This release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management&#8217;s current views with respect to certain future events and performance, including: the effects of, and ability of Teekay and the Daughter Entities to execute on, strategic transactions, vessel deliveries and financing initiatives on each of the Company&#8217;s businesses; future cash flows from growth projects; the effect of Centrica&#8217;s drilling campaign on future production, including the effect of future production and oil prices on Teekay Parent&#8217;s cash flows from the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Hummingbird Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO unit; potential recoveries in the LNG, offshore and crude oil tanker markets; the ability of the Company&#8217;s businesses to benefit from and take advantage of the recovery of such markets; increases in tanker ton-mile demand; the effect of charter-in contract terminations on Teekay Parent&#8217;s future cash flows; the outcome of the class action lawsuit against Teekay; the timing and cost of delivery and start-up of various newbuildings and conversion/upgrade projects and the commencement of related contracts; the contract terms related to the extension of the employment of the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Voyageur Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO unit on the Huntington field and the expected impact on the life of the Huntington field; the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Rio das Ostras</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO redeployment; the timing and completion of Teekay Tankers&#8217; merger with TIL; Huber Capital&#8217;s expected vote in relation to Teekay Tankers&#8217; merger with TIL; the expected repurchase of Teekay Offshore&#8217;s existing NOK bonds due to mature in late-2018; the expected delivery of an Aframax tanker in November 2017; and the potential for repurchases by Teekay Tankers of its common shares under its share repurchase program. The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: failure to satisfy the closing conditions of Teekay Tankers&#8217; merger with TIL, including, without limitation, approval of TIL&#8217;s shareholders of the merger and of Teekay Tankers&#8217; shareholders of an amendment to its charter required to permit Teekay Tankers to issue the share merger consideration; changes in exploration, production and storage of offshore oil and gas, either generally or in particular regions that would affect expected future growth; changes in the demand  for oil, refined products, LNG or LPG; changes in trading patterns significantly affecting overall vessel tonnage requirements; greater or less than anticipated levels of vessel newbuilding orders and deliveries and greater or less than anticipated rates of vessel scrapping; changes in global oil prices; issues with vessel operations; variations in expected levels of field maintenance; increased operating expenses; potential project delays or cancellations; vessel conversion and upgrade delays, newbuilding or conversion specification changes, cost overruns, or shipyard disputes; changes in applicable industry laws and regulations and the timing of implementation of new laws and regulations; the potential for early termination of long-term contracts of existing vessels; delays in the commencement of charter or other contracts; the ability to fund remaining capital commitments and debt maturities; the inability to negotiate acceptable terms and final documentation for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Voyageur Spirit</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO contract extension; the ability of the Partnership to secure redeployment opportunities for the </font><font style="font-family:Arial;font-size:10pt;color:#2e3337;font-style:italic;">Rio das Ostras</font><font style="font-family:Arial;font-size:10pt;color:#2e3337;">&#32;FPSO; and other factors discussed in Teekay&#8217;s filings from time to time with the SEC, including its Report on Form 20-F for the fiscal year ended December 31, 2016. Teekay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Teekay&#8217;s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.</font></div><div><br></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">27</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;font-weight:bold;">Teekay Corporation</font><font style="font-family:Arial;font-size:7pt;">&#32;&#32;&#32;&#32;Investor Relations Tel: +1 604 844-6654    www.teekay.com</font></div><div style="line-height:120%;text-align:center;font-size:7pt;"><font style="font-family:Arial;font-size:7pt;">4</font><font style="font-family:Arial;font-size:7pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">th</sup></font><font style="font-family:Arial;font-size:7pt;">&#32;Floor, Belvedere Building, 69 Pitts Bay Road, Hamilton, HM 08, Bermuda</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div>	</body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
