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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following tables contain the Company’s revenue for the years ended December 31, 2018, 2017 and 2016, by contract type, by segment and by business line within segments. The tables do not include revenues of Teekay Offshore for periods subsequent to the deconsolidation of Teekay Offshore in September 2017 as a result of the Brookfield Transaction (see Note 4).
| Year Ended December 31, 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 | 420,262 |  | 17,405 |  | 59,786 |  | — |  | 33,737 |  | (9,418 | ) | 521,772 |
Voyage charters (1) | 23,922 |  | 14,591 |  | 651,388 |  | — |  | — |  | — |  | 689,901 |
Bareboat charters | 23,820 |  | — |  | — |  | — |  | — |  | 729 |  | 24,549 |
FPSO contracts | — |  | — |  | — |  | 261,736 |  | — |  | — |  | 261,736 |
Management fees and other (2) | 10,435 |  | 327 |  | 44,589 |  | — |  | 156,186 |  | (1,737 | ) | 209,800 |
| 478,439 |  | 32,323 |  | 755,763 |  | 261,736 |  | 189,923 |  | (10,426 | ) | 1,707,758 |
| Year Ended December 31, 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 | 332,751 |  | 39,171 |  | 112,100 |  | — |  | — |  | 41,734 |  | 231,950 |  | (57,385 | ) | 700,321 |
Voyage charters | 2,285 |  | 6,709 |  | 125,774 |  | — |  | — |  | — |  | 34,576 |  | — |  | 169,344 |
Bareboat charters | 40,058 |  | — |  | — |  | — |  | — |  | — |  | 68,453 |  | (28,818 | ) | 79,693 |
FPSO contracts | — |  | — |  | — |  | 209,394 |  | — |  | — |  | 332,108 |  | — |  | 541,502 |
Net pool revenues | — |  | — |  | 139,936 |  | — |  | 5,065 |  | — |  |  |  | — |  | 145,001 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 129,624 |  | — |  | 129,624 |
Management fees and other | 10,589 |  | 1,113 |  | 53,368 |  | — |  | — |  | 47,373 |  | — |  | 2,404 |  | 114,847 |
| 385,683 |  | 46,993 |  | 431,178 |  | 209,394 |  | 5,065 |  | 89,107 |  | 796,711 |  | (83,799 | ) | 1,880,332 |
| Year Ended December 31, 2016
| 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 | 283,159 |  | 58,802 |  | 97,374 |  | — |  | — |  | 28,951 |  | 336,521 |  | (37,336 | ) | 767,471 |
Voyage charters | — |  | — |  | 90,032 |  | — |  | — |  | — |  | 64,445 |  | — |  | 154,477 |
Bareboat charters | 45,763 |  | — |  | — |  | — |  | — |  | — |  | 107,834 |  | (60,460 | ) | 93,137 |
FPSO contracts | — |  | — |  | — |  | 231,435 |  | — |  | — |  | 495,223 |  | — |  | 726,658 |
Net pool revenues | — |  | — |  | 310,108 |  | — |  | 32,967 |  | — |  |  |  | — |  | 343,075 |
Contracts of affreightment | — |  | — |  | — |  | — |  | — |  | — |  | 148,367 |  | — |  | 148,367 |
Management fees and other | 7,608 |  | 1,112 |  | 53,029 |  | — |  | — |  | 47,160 |  | — |  | (13,525 | ) | 95,384 |
| 336,530 |  | 59,914 |  | 550,543 |  | 231,435 |  | 32,967 |  | 76,111 |  | 1,152,390 |  | (111,321 | ) | 2,328,569 |
(1) | The adoption of ASU 2014-09 had the impact of increasing both voyage charter revenues and voyage expenses for the year ended December 31, 2018 by $292.6 million (see Note 1).
(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 year ended December 31, 2018 by $82.9 million.
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 years ended December 31, 2018, 2017 and 2016.
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| $ |  | $ |  | $
Non-lease revenue - related to sales type or direct financing leases | 18,554 |  |  | 25,590 |  |  | 20,058 |
Voyage charters - towage | — |  |  | 25,813 |  |  | 37,952 |
Management fees and other | 209,800 |  |  | 114,847 |  |  | 95,384 |
| 228,354 |  |  | 166,250 |  |  | 153,394 |
Schedule of Capital Leased Assets | The following table lists the components of the net investments in direct financing leases:
| December 31, 2018 |  | December 31, 2017
| $ |  | $
Total minimum lease payments to be received | 897,130 |  |  | 568,710 |
Estimated unguaranteed residual value of leased properties | 291,098 |  |  | 194,965 |
Initial direct costs and other | 329 |  |  | 361 |
Less unearned revenue | (613,394 | ) |  | (268,046 | )
Total | 575,163 |  |  | 495,990 |
Less current portion | (12,635 | ) |  | (9,884 | )
Long-term portion | 562,528 |  |  | 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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