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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2018
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The periods for the three and six months ended June 30, 2018, do not include revenues for Teekay Offshore, as Teekay Offshore was deconsolidated subsequent to the Brookfield Transaction in September 2017 (see Note 4).
| Three Months Ended June 30, 2018
| Teekay LNG Liquefied Gas Carriers | Teekay LNG Conventional Tankers | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other | Eliminations and Other | Total
| $ | $ | $ | $ | $ | $ | $
Time charters | 96,857 |  | 4,316 |  | 17,384 |  | — |  | 7,588 |  | (1,439 | ) | 124,706 |
Voyage charters (1) | 6,767 |  | 5,719 |  | 144,328 |  | — |  | — |  | — |  | 156,814 |
Bareboat charters | 5,734 |  | — |  | — |  | — |  | — |  | — |  | 5,734 |
FPSO contracts | — |  | — |  | — |  | 66,429 |  | — |  | — |  | 66,429 |
Management fees and other (2) | 2,814 |  | 108 |  | 9,947 |  | — |  | 38,595 |  | 495 |  | 51,959 |
| 112,172 |  | 10,143 |  | 171,659 |  | 66,429 |  | 46,183 |  | (944 | ) | 405,642 |
| Three Months Ended June 30, 2017
| Teekay LNG Liquefied Gas Carriers | Teekay LNG Conven-tional Tankers | Teekay Tankers Conven-tional Tankers | Teekay Parent Offshore Production | Teekay Parent Conven-tional Tankers | Teekay Parent Other | Teekay Offshore | Eliminations and Other | Total
| $ | $ | $ | $ | $ | $ | $ | $ | $
Time charters | 79,404 |  | 10,965 |  | 30,091 |  | — |  | — |  | 9,823 |  | 81,558 |  | (8,564 | ) | 203,277 |
Voyage charters (1) | — |  | 230 |  | 30,140 |  | — |  | — |  | — |  | 7,838 |  | — |  | 38,208 |
Bareboat charters | 7,405 |  | — |  | — |  | — |  | — |  | — |  | 21,547 |  | (14,207 | ) | 14,745 |
FPSO contracts | — |  | — |  | — |  | 48,173 |  | — |  | — |  | 110,247 |  | — |  | 158,420 |
Net pool revenues (1) | — |  | — |  | 33,100 |  | — |  | 1,757 |  | — |  | — |  | — |  | 34,857 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 43,602 |  | — |  | 43,602 |
Management fees and other | 2,622 |  | 278 |  | 15,458 |  | — |  | — |  | 5,742 |  | — |  | (3,286 | ) | 20,814 |
| 89,431 |  | 11,473 |  | 108,789 |  | 48,173 |  | 1,757 |  | 15,565 |  | 264,792 |  | (26,057 | ) | 513,923 |
| Six Months Ended June 30, 2018
| Teekay LNG Liquefied Gas Carriers | Teekay LNG Conventional Tankers | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other | Eliminations and Other | Total
| $ | $ | $ | $ | $ | $ | $
Time charters | 190,316 |  | 9,714 |  | 39,494 |  | — |  | 20,682 |  | (9,418 | ) | 250,788 |
Voyage charters (1) | 10,390 |  | 10,470 |  | 279,970 |  | — |  | — |  | — |  | 300,830 |
Bareboat charters | 11,111 |  | — |  | — |  | — |  | — |  | — |  | 11,111 |
FPSO contracts | — |  | — |  | — |  | 132,399 |  | — |  | — |  | 132,399 |
Management fees and other (2) | 5,404 |  | 216 |  | 20,660 |  | — |  | 77,445 |  | 811 |  | 104,536 |
| 217,221 |  | 20,400 |  | 340,124 |  | 132,399 |  | 98,127 |  | (8,607 | ) | 799,664 |
| Six Months Ended June 30, 2017
| Teekay LNG Liquefied Gas Carriers | Teekay LNG Conven-tional Tankers | Teekay Tankers Conven-tional Tankers | Teekay Parent Offshore Production | Teekay Parent Conven-tional Tankers | Teekay Parent Other | Teekay Offshore | Eliminations and Other | Total
| $ | $ | $ | $ | $ | $ | $ | $ | $
Time charters | 157,918 |  | 21,697 |  | 60,421 |  | — |  | — |  | 16,254 |  | 154,043 |  | (17,555 | ) | 392,778 |
Voyage charters (1) | — |  | 1,453 |  | 69,484 |  | — |  | — |  | — |  | 23,508 |  | — |  | 94,445 |
Bareboat charters | 15,835 |  | — |  | — |  | — |  | — |  | — |  | 49,015 |  | (24,218 | ) | 40,632 |
FPSO contracts | — |  | — |  | — |  | 92,515 |  | — |  | — |  | 223,102 |  | — |  | 315,617 |
Net pool revenues (1) | — |  | — |  | 80,289 |  | — |  | 3,924 |  | — |  | — |  | — |  | 84,213 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 91,262 |  | — |  | 91,262 |
Management fees and other | 4,625 |  | 556 |  | 29,080 |  | — |  | — |  | 11,168 |  | — |  | (6,948 | ) | 38,481 |
| 178,378 |  | 23,706 |  | 239,274 |  | 92,515 |  | 3,924 |  | 27,422 |  | 540,930 |  | (48,721 | ) | 1,057,428 |
(1) | The adoption of ASU 2014-09 had the impact of increasing both voyage charter revenues and voyage expenses for the three and six months ended June 30, 2018 by $67.5 million and $128.8 million, respectively.
(2) | The Company manages vessels owned by its equity-accounted investments and third parties. Following the adoption of ASU 2014-09, costs incurred by the Company for its seafarers are presented as vessel operating expenses and the reimbursement of such expenses will be presented as revenue, instead of such amounts being presented on a net basis. This had the effect of increasing both revenues and vessel operating expenses for the three and six months ended June 30, 2018 by $19.6 million and $41.1 million, respectively.
The following table contains the Company's revenue from contracts that do not contain a lease element and the non-lease element of time-charters accounted for as direct financing leases for the three and six months ended June 30, 2018 and 2017.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| $ |  | $ |  | $ |  | $
Non-lease revenue - related to sales type or direct financing leases | 4,124 |  |  | 6,333 |  |  | 8,264 |  |  | 15,287 |
Voyage charters - towage | — |  |  | 4,229 |  |  | — |  |  | 15,127 |
Management fees and other | 51,959 |  |  | 20,814 |  |  | 104,536 |  |  | 38,481 |
| 56,083 |  |  | 31,376 |  |  | 112,800 |  |  | 68,895 |
The following table includes the Company’s revenues by segment for the three and six months ended June 30, 2018 and 2017:
| Revenues (1)
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2018 | 2017 | 2018 | 2017
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers(2) | 112,172 |  | 89,431 |  | 217,221 |  | 178,378 |
Conventional Tankers | 10,143 |  | 11,473 |  | 20,400 |  | 23,706 |
| 122,315 |  | 100,904 |  | 237,621 |  | 202,084 |
Teekay Tankers |  |  |  |
Conventional Tankers | 171,659 |  | 108,789 |  | 340,124 |  | 239,274 |
Teekay Parent |  |  |  |
Offshore Production | 66,429 |  | 48,173 |  | 132,399 |  | 92,515 |
Conventional Tankers | — |  | 1,757 |  | — |  | 3,924 |
Other | 46,183 |  | 15,565 |  | 98,127 |  | 27,422 |
| 112,612 |  | 65,495 |  | 230,526 |  | 123,861 |
Teekay Offshore(2)(3) | — |  | 264,792 |  | — |  | 540,930 |
Eliminations and other | (944 | ) | (26,057 | ) | (8,607 | ) | (48,721 | )
| 405,642 |  | 513,923 |  | 799,664 |  | 1,057,428 |
(1) | The comparative periods do not include the impact of the January 1, 2018 adoption of ASU 2014-09 (see Note 2).
(2) | Certain vessels are chartered between the Daughter Entities and Teekay Parent. The amounts in the table below represent revenue earned by each segment from other segments within the group. Such intersegment revenue for the three and six months ended June 30, 2018 and 2017 is as follows:
| Three Months Ended | Six Months Ended
| June 30, | June 30,
| 2018 | 2017 | 2018 | 2017
| $ | $ | $ | $
Teekay LNG - Liquefied Gas Carriers | 1,439 |  | 8,564 |  | 9,418 |  | 17,555 |
Teekay Offshore | — |  | 14,207 |  | — |  | 24,218 |
| 1,439 |  | 22,771 |  | 9,418 |  | 41,773 |
(3) On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4).
Schedule of Capital Leased Assets | The following table lists the components of the net investments in direct financing leases:
| June 30, 2018 |  | December 31, 2017
| $ |  | $
Total minimum lease payments to be received | 543,569 |  |  | 568,710 |
Estimated unguaranteed residual value of leased properties | 194,965 |  |  | 194,965 |
Initial direct costs and other | 344 |  |  | 361 |
Less unearned revenue | (248,131 | ) |  | (268,046 | )
Total | 490,747 |  |  | 495,990 |
Less current portion | (10,453 | ) |  | (9,884 | )
Long-term portion | 480,294 |  |  | 486,106 |

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- Definition Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
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