XML 87 R79.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Subsequent Events (Details) |  |  | 1 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Nov. 20, 2018 USD ($) | Oct. 09, 2018 USD ($) | Nov. 30, 2018 USD ($) vessel | Oct. 31, 2018 USD ($) | Jul. 31, 2018 USD ($) | Sep. 30, 2018 USD ($) | Sep. 30, 2017 USD ($) | Nov. 05, 2018 USD ($) | Mar. 31, 2018 USD ($) | Dec. 31, 2017 USD ($)
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Proceeds from sale of vessels and equipment |  |  |  |  |  | $ 0 | $ 67,440,000 |  |  |
Proceeds from financing related to sale-leaseback of vessels |  |  |  |  |  | 526,692,000 | 488,830,000 |  |  |
Total principal |  |  |  |  |  | 3,398,353,000 |  |  |  | $ 3,449,611,000
Proceeds from sale of equity-accounted investment |  |  |  |  |  | 54,438,000 | $ 0 |  |  |
Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Increase (decrease) in liquidity |  |  | $ 20,000,000 |  |  |  |  |  |  |
Aframax | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Number of vessels | vessel |  |  | 2 |  |  |  |  |  |  |
Suezmax Tankers | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Number of vessels | vessel |  |  | 1 |  |  |  |  |  |  |
Long Range 2 | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Number of vessels | vessel |  |  | 1 |  |  |  |  |  |  |
November 2018 Sale-leaseback Transaction | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Proceeds from financing related to sale-leaseback of vessels |  |  | $ 84,700,000 |  |  |  |  |  |  |
Number of vessels | vessel |  |  | 4 |  |  |  |  |  |  |
November 2018 Sale-leaseback Transaction | Minimum | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Term of contract |  |  | 10 years |  |  |  |  |  |  |
Bareboat Charter Rate |  |  | $ 5,000 |  |  |  |  |  |  |
November 2018 Sale-leaseback Transaction | Maximum | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Term of contract |  |  | 12 years |  |  |  |  |  |  |
Bareboat Charter Rate |  |  | $ 7,000 |  |  |  |  |  |  |
Remaining Revolving Credit Facilities Maturing in 4Q 2018 | Teekay Tankers | Revolving Credit Facilities |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Total principal |  |  |  |  |  | 47,600,000 |  |  |  |
Working Capital Borrowing Base | Teekay Tankers | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  | $ 40,000,000 |  |  |  |  |  |  |
African Spirit | Teekay LNG | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Proceeds from sale of vessels and equipment |  | $ 12,800,000 |  |  |  |  |  |  |  |
European Spirit | Teekay LNG | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Proceeds from sale of vessels and equipment | $ 15,700,000 |  |  |  |  |  |  |  |  |
Petrobras and Petroleo Netherlands BV - PNBV SA | Teekay Offshore | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Amount agreed to pay |  |  |  | $ 96,000,000 |  |  |  |  |  |
Amount payable in next year |  |  |  | 55,000,000 |  |  |  |  |  |
Amount payable in two years |  |  |  | 22,000,000 |  |  |  |  |  |
Amount payable in three years |  |  |  | $ 19,000,000 |  |  |  |  |  |
Revenue percentage reduction |  |  |  | 40.00% |  |  |  |  |  |
Magnora ASA |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Ownership percentage |  |  |  |  | 43.50% |  |  |  |  |
Proceeds from sale of equity-accounted investment |  |  |  |  | $ 27,000,000 |  |  |  |  |
Revolving Credit Facilities |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  | 1,064,972,037 |  |  |  |
Total principal |  |  |  |  |  | $ 660,763,000 |  |  |  | $ 877,343,000
Revolving Credit Facilities | Teekay Offshore |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  |  |  |  | $ 125,000,000 |
Revolving Credit Facilities | Revolving Credit Facility Maturing 2018 | Teekay LNG | Line of Credit | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  |  |  | $ 190,000,000 |  |
Revolving Credit Facilities | Revolving Credit Facility Maturing 2020 | Teekay LNG | Line of Credit | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  |  |  | $ 225,000,000 |  |

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