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v3.19.1

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Revenue and Income from Vessel Operations by Segment | The following table includes the Company’s revenues and income (loss) from vessel operations by segment for the periods presented in these financial statements.
| Revenues (1)(2) |  | Income (loss) from Vessel Operations (3)
| Year Ended December 31, |  | Year Ended December 31,
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
Teekay LNG |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | 478,439 |  |  | 385,683 |  |  | 336,530 |  |  | 169,918 |  |  | 188,676 |  |  | 174,600 |
Conventional Tankers | 32,323 |  |  | 46,993 |  |  | 59,914 |  |  | (21,319 | ) |  | (40,027 | ) |  | (21,419 | )
| 510,762 |  |  | 432,676 |  |  | 396,444 |  |  | 148,599 |  |  | 148,649 |  |  | 153,181 |
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | 755,763 |  |  | 431,178 |  |  | 550,543 |  |  | 7,204 |  |  | 1,416 |  |  | 96,752 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |
Offshore Production | 261,736 |  |  | 209,394 |  |  | 231,435 |  |  | 22,958 |  |  | (256,758 | ) |  | (48,310 | )
Conventional Tankers | — |  |  | 5,065 |  |  | 32,967 |  |  | — |  |  | (13,390 | ) |  | (15,967 | )
Other | 189,923 |  |  | 89,107 |  |  | 76,111 |  |  | (14,442 | ) |  | (20,277 | ) |  | (32,219 | )
| 451,659 |  |  | 303,566 |  |  | 340,513 |  |  | 8,516 |  |  | (290,425 | ) |  | (96,496 | )
Teekay Offshore (4) | — |  |  | 796,711 |  |  | 1,152,390 |  |  | — |  |  | 147,060 |  |  | 230,853 |
Eliminations and other | (10,426 | ) |  | (83,799 | ) |  | (111,321 | ) |  | — |  |  | — |  |  | — |
| 1,707,758 |  |  | 1,880,332 |  |  | 2,328,569 |  |  | 164,319 |  |  | 6,700 |  |  | 384,290 |
(1) | The comparative periods do not include the impact of the January 1, 2018 adoption of ASU 2014-09 (see Note 1).
(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 years ended 2018, 2017 and 2016 are as follows:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
Teekay LNG - Liquefied Gas Carriers | 9,418 |  |  | 36,358 |  |  | 37,336 |
Teekay Tankers - Conventional Tankers | 1,689 |  |  | — |  |  | 5,404 |
Teekay Offshore | — |  |  | 34,232 |  |  | 49,514 |
| 11,107 |  |  | 70,590 |  |  | 92,254 |
(3) | Includes direct general and administrative expenses and indirect general and administrative expenses (allocated to each segment based on estimated use of corporate resources).
(4) | On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
Revenues and Percentage of Consolidated Revenues | The following table presents revenues and percentage of consolidated revenues for customers that accounted for more than 10% of the Company’s consolidated revenues during the periods presented. All of these customers are international oil companies.
| Year Ended December 31, |  | Year Ended December 31, |  | Year Ended December 31,
(U.S. dollars in millions) | 2018 |  | 2017 |  | 2016
Royal Dutch Shell Plc (1) (2) | (5) |  | $259.4 or 14% |  | $429.9 or 19%
Petroleo Brasileiro SA (1) (3) | (5) |  | (5) |  | $223.7 or 10%
BP Plc (1) (4) | $195.0 or 11% |  | $183.0 or 10% |  | (5)
(1) | On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
(2) | Teekay Offshore Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, and Teekay Parent Segment — Conventional Tankers
(3) | Teekay Offshore Segment, and Teekay Tankers Segment — Conventional Tankers
(4) | Teekay Offshore Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, Teekay Parent Segment — Offshore Production, and Teekay Parent Segment — Conventional Tankers
(5) | Less than 10%.
Other Income Statement Items by Segment | The following table includes other income statement items by segment for the periods presented in these financial statements.
| Depreciation and Amortization |  | Write-down and loss on sale of vessels |  | Equity Income (Loss)
| Year Ended December 31, |  | Year Ended December 31, |  | Year Ended December 31,
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | (119,108 | ) |  | (95,025 | ) |  | (80,084 | ) |  | (33,000 | ) |  | — |  |  | — |  |  | 53,546 |  |  | 9,789 |  |  | 62,307 |
Conventional Tankers | (5,270 | ) |  | (10,520 | ) |  | (15,458 | ) |  | (20,863 | ) |  | (50,600 | ) |  | (38,976 | ) |  | — |  |  | — |  |  | — |
| (124,378 | ) |  | (105,545 | ) |  | (95,542 | ) |  | (53,863 | ) |  | (50,600 | ) |  | (38,976 | ) |  | 53,546 |  |  | 9,789 |  |  | 62,307 |
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | (118,514 | ) |  | (100,481 | ) |  | (104,149 | ) |  | 170 |  |  | (12,984 | ) |  | (20,594 | ) |  | 1,220 |  |  | (25,370 | ) |  | 7,680 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production | (33,271 | ) |  | (60,560 | ) |  | (70,855 | ) |  | — |  |  | (205,659 | ) |  | (110 | ) |  | 15,089 |  |  | (7,861 | ) |  | (575 | )
Conventional Tankers | — |  |  | — |  |  | (1,717 | ) |  | — |  |  | — |  |  | (12,487 | ) |  | (510 | ) |  | (20,677 | ) |  | 132 |
Other | (144 | ) |  | 163 |  |  | 449 |  |  | — |  |  | — |  |  | — |  |  | (1,384 | ) |  | (2,792 | ) |  | (1,838 | )
| (33,415 | ) |  | (60,397 | ) |  | (72,123 | ) |  | — |  |  | (205,659 | ) |  | (12,597 | ) |  | 13,195 |  |  | (31,330 | ) |  | (2,281 | )
Teekay Offshore (1) | — |  |  | (219,406 | ) |  | (300,011 | ) |  | — |  |  | (1,500 | ) |  | (40,079 | ) |  | — |  |  | 12,028 |  |  | 17,933 |
Teekay Offshore (2) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,907 | ) |  | (2,461 | ) |  | — |
Eliminations and other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| (276,307 | ) |  | (485,829 | ) |  | (571,825 | ) |  | (53,693 | ) |  | (270,743 | ) |  | (112,246 | ) |  | 61,054 |  |  | (37,344 | ) |  | 85,639 |
(1) | On September 25, 2017, the Company deconsolidated Teekay Offshore (see Note 4). The figures above include those of Teekay Offshore until the date of deconsolidation.
(2) | Commencing on September 25, 2017, the Company accounts for its investment in Teekay Offshore using the equity method, and recognized an equity loss of $6.9 million for the year ended December 31, 2018 and an equity loss of $2.5 million for the post-deconsolidation period ended December 31, 2017.
Reconciliation of Total Segment Assets | A reconciliation of total segment assets to total assets presented in the accompanying consolidated balance sheets is as follows:
| December 31, 2018 $ |  | December 31, 2017 $
Teekay LNG – Liquefied Gas Carriers | 5,162,756 |  |  | 4,624,321 |
Teekay LNG – Conventional Tankers | 36,701 |  |  | 112,844 |
Teekay Tankers – Conventional Tankers | 2,106,169 |  |  | 2,125,909 |
Teekay Parent – Offshore Production | 311,550 |  |  | 366,229 |
Teekay Parent – Conventional Tankers | 13,056 |  |  | 13,620 |
Teekay Parent – Other | 25,224 |  |  | 26,527 |
Teekay Offshore | 233,225 |  |  | 280,774 |
Cash and cash equivalents | 424,169 |  |  | 445,452 |
Other assets not allocated | 99,024 |  |  | 118,493 |
Eliminations | (20,204 | ) |  | (21,732 | )
Consolidated total assets | 8,391,670 |  |  | 8,092,437 |
Capital Expenditures by Segment | The following table includes capital expenditures by segment for the periods presented in these financial statements.
| December 31, 2018 $ |  | December 31, 2017 $
Teekay LNG – Liquefied Gas Carriers | 687,841 |  |  | 708,608 |
Teekay LNG – Conventional Tankers | 124 |  |  | — |
Teekay Tankers – Conventional Tankers | 5,827 |  |  | 4,732 |
Teekay Parent – Other | — |  |  | 7 |
Teekay Offshore | — |  |  | 340,705 |
| 693,792 |  |  | 1,054,052 |

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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