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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Disaggregation of Revenue | The periods for the three and nine months ended September 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 September 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 | 104,342 |  | 2,820 |  | 12,326 |  | — |  | 6,645 |  | — |  | 126,133 |
Voyage charters (1) | 6,279 |  | 2,220 |  | 152,047 |  | — |  | — |  | — |  | 160,546 |
Bareboat charters | 6,001 |  | — |  | — |  | — |  | — |  | — |  | 6,001 |
FPSO contracts | — |  | — |  | — |  | 71,583 |  | — |  | — |  | 71,583 |
Management fees and other (2) | 1,566 |  | 108 |  | 11,542 |  | — |  | 39,343 |  | (260 | ) | 52,299 |
| 118,188 |  | 5,148 |  | 175,915 |  | 71,583 |  | 45,988 |  | (260 | ) | 416,562 |
| Three Months Ended September 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 | 83,101 |  | 10,376 |  | 24,681 |  | — |  | — |  | 10,997 |  | 77,907 |  | (15,810 | ) | 191,252 |
Voyage charters (1) | — |  | 930 |  | 25,397 |  | — |  | — |  | — |  | 11,068 |  | — |  | 37,395 |
Bareboat charters | 6,524 |  | — |  | — |  | — |  | — |  | — |  | 19,438 |  | (7,682 | ) | 18,280 |
FPSO contracts | — |  | — |  | — |  | 51,254 |  | — |  | — |  | 109,006 |  | — |  | 160,260 |
Net pool revenues (1) | — |  | — |  | 28,246 |  | — |  | 1,041 |  | — |  | — |  | — |  | 29,287 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 38,362 |  | — |  | 38,362 |
Management fees and other | 3,075 |  | 279 |  | 12,914 |  | — |  | — |  | 8,730 |  | — |  | 947 |  | 25,945 |
| 92,700 |  | 11,585 |  | 91,238 |  | 51,254 |  | 1,041 |  | 19,727 |  | 255,781 |  | (22,545 | ) | 500,781 |
| Nine Months Ended September 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 | 294,658 |  | 12,534 |  | 51,820 |  | — |  | 27,327 |  | (9,418 | ) | 376,921 |
Voyage charters (1) | 16,669 |  | 12,690 |  | 432,017 |  | — |  | — |  | — |  | 461,376 |
Bareboat charters | 17,112 |  | — |  | — |  | — |  | — |  | — |  | 17,112 |
FPSO contracts | — |  | — |  | — |  | 203,982 |  | — |  | — |  | 203,982 |
Management fees and other (2) | 6,970 |  | 324 |  | 32,202 |  | — |  | 116,788 |  | 551 |  | 156,835 |
| 335,409 |  | 25,548 |  | 516,039 |  | 203,982 |  | 144,115 |  | (8,867 | ) | 1,216,226 |
| Nine Months Ended September 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 | 241,019 |  | 32,073 |  | 85,102 |  | — |  | — |  | 27,251 |  | 231,950 |  | (43,648 | ) | 573,747 |
Voyage charters (1) | — |  | 2,383 |  | 94,881 |  | — |  | — |  | — |  | 34,576 |  | — |  | 131,840 |
Bareboat charters | 22,359 |  | — |  | — |  | — |  | — |  | — |  | 68,453 |  | (29,886 | ) | 60,926 |
FPSO contracts | — |  | — |  | — |  | 143,769 |  | — |  | — |  | 332,108 |  | — |  | 475,877 |
Net pool revenues (1) | — |  | — |  | 108,535 |  | — |  | 4,965 |  | — |  | — |  | — |  | 113,500 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 129,624 |  | — |  | 129,624 |
Management fees and other | 7,700 |  | 835 |  | 41,994 |  | — |  | — |  | 19,898 |  | — |  | 2,268 |  | 72,695 |
| 271,078 |  | 35,291 |  | 330,512 |  | 143,769 |  | 4,965 |  | 47,149 |  | 796,711 |  | (71,266 | ) | 1,558,209 |
(1) | The adoption of ASU 2014-09 had the impact of increasing both voyage charter revenues and voyage expenses for the three and nine months ended September 30, 2018 by $73.6 million and $202.4 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 is 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 nine months ended September 30, 2018 by $20.2 million and $61.3 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-charter contracts accounted for as direct financing leases for the three and nine months ended September 30, 2018 and 2017.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| $ |  | $ |  | $ |  | $
Non-lease revenue - related to sales type or direct financing leases | 3,896 |  |  | 5,797 |  |  | 12,160 |  |  | 21,084 |
Voyage charters - towage | — |  |  | 10,686 |  |  | — |  |  | 25,813 |
Management fees and other | 52,299 |  |  | 25,945 |  |  | 156,835 |  |  | 72,695 |
| 56,195 |  |  | 42,428 |  |  | 168,995 |  |  | 119,592 |
The following table includes the Company’s revenues by segment for the three and nine months ended September 30, 2018 and 2017:
| Revenues(1)
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
| 2018 | 2017 | 2018 | 2017
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers(2) | 118,188 |  | 92,700 |  | 335,409 |  | 271,078 |
Conventional Tankers | 5,148 |  | 11,585 |  | 25,548 |  | 35,291 |
| 123,336 |  | 104,285 |  | 360,957 |  | 306,369 |
Teekay Tankers |  |  |  |
Conventional Tankers | 175,915 |  | 91,238 |  | 516,039 |  | 330,512 |
Teekay Parent |  |  |  |
Offshore Production | 71,583 |  | 51,254 |  | 203,982 |  | 143,769 |
Conventional Tankers | — |  | 1,041 |  | — |  | 4,965 |
Other | 45,988 |  | 19,727 |  | 144,115 |  | 47,149 |
| 117,571 |  | 72,022 |  | 348,097 |  | 195,883 |
Teekay Offshore(2)(3) | — |  | 255,781 |  | — |  | 796,711 |
Eliminations and other | (260 | ) | (22,545 | ) | (8,867 | ) | (71,266 | )
| 416,562 |  | 500,781 |  | 1,216,226 |  | 1,558,209 |
(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 nine months ended September 30, 2018 and 2017 is as follows:
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
| 2018 | 2017 | 2018 | 2017
| $ | $ | $ | $
Teekay LNG - Liquefied Gas Carriers | — |  | 9,296 |  | 9,418 |  | 26,851 |
Teekay Offshore | — |  | 9,211 |  | — |  | 33,429 |
| — |  | 18,507 |  | 9,418 |  | 60,280 |
(3) On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4).
Income (loss) from Vessel Operations by Segment | The following table includes the Company’s income (loss) from vessel operations by segment for the three and nine months ended September 30, 2018 and 2017:
| Income (loss) from Vessel Operations(1)
| Three Months Ended | Nine Months Ended
| September 30, | September 30,
| 2018 | 2017 | 2018 | 2017
| $ | $ | $ | $
Teekay LNG |  |  |  |
Liquefied Gas Carriers | 51,581 |  | 44,902 |  | 105,571 |  | 128,281 |
Conventional Tankers | (4,583 | ) | (34,580 | ) | (22,926 | ) | (42,010 | )
| 46,998 |  | 10,322 |  | 82,645 |  | 86,271 |
Teekay Tankers |  |  |  |
Conventional Tankers | (2,166 | ) | (13,734 | ) | (24,002 | ) | (1,406 | )
Teekay Parent |  |  |  |
Offshore Production | 12,905 |  | (223,957 | ) | 25,328 |  | (262,986 | )
Conventional Tankers | — |  | (3,077 | ) | — |  | (8,524 | )
Other | (2,655 | ) | 216 |  | (8,463 | ) | (20,370 | )
| 10,250 |  | (226,818 | ) | 16,865 |  | (291,880 | )
Teekay Offshore(2) | — |  | 40,384 |  | — |  | 147,060 |
| 55,082 |  | (189,846 | ) | 75,508 |  | (59,955 | )
(1) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(2) | On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4).
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying unaudited consolidated balance sheets is as follows:
| September 30, 2018 | December 31, 2017
| $ | $
Teekay LNG - Liquefied Gas Carriers | 5,081,219 |  | 4,624,321 |
Teekay LNG - Conventional Tankers | 67,244 |  | 112,844 |
Teekay Tankers - Conventional Tankers | 2,074,833 |  | 2,125,909 |
Teekay Parent - Offshore Production | 335,948 |  | 366,229 |
Teekay Parent - Conventional Tankers | 13,056 |  | 13,620 |
Teekay Parent - Other | 35,592 |  | 26,527 |
Teekay Offshore | 259,839 |  | 280,774 |
Cash and cash equivalents | 385,352 |  | 445,452 |
Other assets not allocated | 103,821 |  | 118,493 |
Eliminations | (17,117 | ) | (21,732 | )
Consolidated total assets | 8,339,787 |  | 8,092,437 |

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