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Schedule I Condensed Non-Consolidated Financial Information of Registrant - Condensed Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015
OPERATING ACTIVITIES |  |  |
Net (loss) income | $ (529,072) | $ 86,664 | $ 405,460
Non-cash items: |  |  |
Unrealized (gain) loss on derivative instruments | (95,556) | (145,116) | 51,910
Income tax expense (recovery) | 12,232 | 24,468 | (16,767)
Other | 148,469 | 53,999 | (136,893)
Change in operating assets and liabilities (note 17) | 106,567 | 38,333 | (12,291)
Net operating cash flow | 513,745 | 620,783 | 775,832
FINANCING ACTIVITIES |  |  |
Proceeds from issuance of long-term debt, net of issuance costs | 1,007,010 | 2,075,014 | 2,452,878
Scheduled repayments of long-term debt | (687,544) | (967,146) | (1,040,292)
Decrease (increase) in restricted cash | 104,142 | (49,079) | (21,005)
Net proceeds from equity issuances of Teekay Corporation | 25,636 | 105,462 | 0
Cash dividends paid | (18,977) | (17,406) | (125,881)
Other financing activities | 5,337 | 87 | (2,488)
Net financing cash flow | 417,884 | (200,662) | 918,934
INVESTING ACTIVITIES |  |  |
Other investing activities | 7,613 | 324 | 0
Net investing cash flow | (1,054,171) | (530,519) | (1,823,278)
Decrease in cash and cash equivalents | (122,542) | (110,398) | (128,512)
Cash and cash equivalents, beginning of the year | 567,994 | 678,392 | 806,904
Cash and cash equivalents, end of the year | 445,452 | 567,994 | 678,392
Teekay Parent |  |  |
OPERATING ACTIVITIES |  |  |
Net (loss) income | (362,384) | (66,208) | (1,474,648)
Non-cash items: |  |  |
Unrealized (gain) loss on derivative instruments | (2,336) | 604 | (34,871)
Impairments of investments (note 1) | 338,749 | 0 | 1,360,705
Income tax expense (recovery) | 251 | 525 | (52)
Stock-based compensation | 6,952 | 7,106 | 8,054
Dividends-in-kind | (58,000) | (1,039) | 0
Other | 3,262 | 529 | (6,907)
Change in operating assets and liabilities (note 17) | 718 | 17,050 | 25,499
Net operating cash flow | (72,788) | (41,433) | (122,220)
FINANCING ACTIVITIES |  |  |
Proceeds from issuance of long-term debt, net of issuance costs | 0 | 0 | 194,358
Scheduled repayments of long-term debt | 0 | 0 | (86,645)
Decrease (increase) in restricted cash | 0 | 0 | 22,520
Advances from (to) affiliates | 103,400 | (15,802) | 179,095
Net proceeds from equity issuances of Teekay Corporation | 25,636 | 105,462 | 0
Cash dividends paid | (18,967) | (17,406) | (125,881)
Other financing activities | (662) | (666) | (4,306)
Net financing cash flow | 109,407 | 71,588 | 179,141
INVESTING ACTIVITIES |  |  |
Investments in subsidiaries | (24,443) | (62,714) | (54,215)
Other investing activities | 1,289 | 660 | 1,250
Net investing cash flow | (23,154) | (62,054) | (52,965)
Decrease in cash and cash equivalents | 13,465 | (31,899) | 3,956
Cash and cash equivalents, beginning of the year | 8,585 | 40,484 | 36,528
Cash and cash equivalents, end of the year | $ 22,050 | $ 8,585 | $ 40,484

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