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v3.19.2

Revenue (Tables) | 6 Months Ended
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Jun. 30, 2019
Revenue from Contract with Customer [Abstract] |
Direct Financing Lease, Lease Income [Table Text Block] | The following table lists the components of Teekay LNG's net investments in direct financing leases:
| June 30, 2019 |  | December 31, 2018
| $ |  | $
Total minimum lease payments to be received | 865,333 |  |  | 897,130 |
Estimated unguaranteed residual value of leased properties | 291,098 |  |  | 291,098 |
Initial direct costs and other | 312 |  |  | 329 |
Less unearned revenue | (592,058 | ) |  | (613,394 | )
Total | 564,685 |  |  | 575,163 |
Less current portion | (13,082 | ) |  | (12,635 | )
Long-term portion | 551,603 |  |  | 562,528 |
Disaggregation of Revenue | The following tables contain the Company’s revenue for the three and six months ended June 30, 2019 and 2018, by contract type, by segment and by business lines within segments.
| Three Months Ended June 30, 2019
| 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 | 133,684 |  | 2,369 |  | 1,456 |  | — |  | 8,078 |  | (2,487 | ) | 143,100 |
Voyage charters | 8,858 |  | — |  | 186,805 |  | — |  | — |  | — |  | 195,663 |
Bareboat charters | 6,129 |  | — |  | — |  | — |  | — |  | — |  | 6,129 |
FPSO contracts | — |  | — |  | — |  | 57,828 |  | — |  | — |  | 57,828 |
Management fees and other | 2,020 |  | — |  | 14,016 |  | — |  | 39,911 |  | (1,000 | ) | 54,947 |
| 150,691 |  | 2,369 |  | 202,277 |  | 57,828 |  | 47,989 |  | (3,487 | ) | 457,667 |
| 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 | 6,767 |  | 5,719 |  | 144,328 |  | — |  | — |  | — |  | 156,814 |
Bareboat charters | 5,734 |  | — |  | — |  | — |  | — |  | — |  | 5,734 |
FPSO contracts | — |  | — |  | — |  | 66,429 |  | — |  | — |  | 66,429 |
Management fees and other | 2,814 |  | 108 |  | 9,947 |  | — |  | 38,595 |  | 495 |  | 51,959 |
| 112,172 |  | 10,143 |  | 171,659 |  | 66,429 |  | 46,183 |  | (944 | ) | 405,642 |
| Six Months Ended June 30, 2019
| 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 | 264,459 |  | 5,131 |  | 4,866 |  | — |  | 14,347 |  | (2,487 | ) | 286,316 |
Voyage charters | 18,018 |  | — |  | 403,222 |  | — |  | — |  | — |  | 421,240 |
Bareboat charters | 12,191 |  | — |  | — |  | — |  | — |  | — |  | 12,191 |
FPSO contracts | — |  | — |  | — |  | 107,266 |  | — |  | — |  | 107,266 |
Management fees and other | 3,005 |  | — |  | 26,690 |  | — |  | 84,301 |  | (2,129 | ) | 111,867 |
| 297,673 |  | 5,131 |  | 434,778 |  | 107,266 |  | 98,648 |  | (4,616 | ) | 938,880 |
| 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 | 10,390 |  | 10,470 |  | 279,970 |  | — |  | — |  | — |  | 300,830 |
Bareboat charters | 11,111 |  | — |  | — |  | — |  | — |  | — |  | 11,111 |
FPSO contracts | — |  | — |  | — |  | 132,399 |  | — |  | — |  | 132,399 |
Management fees and other | 5,404 |  | 216 |  | 20,660 |  | — |  | 77,445 |  | 811 |  | 104,536 |
| 217,221 |  | 20,400 |  | 340,124 |  | 132,399 |  | 98,127 |  | (8,607 | ) | 799,664 |
The following tables contain the Company’s revenue for the three and six months ended June 30, 2019 and 2018, by contract type, by segment and by business lines within segments.
| Three Months Ended June 30, 2019
| 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 | 133,684 |  | 2,369 |  | 1,456 |  | — |  | 8,078 |  | (2,487 | ) | 143,100 |
Voyage charters | 8,858 |  | — |  | 186,805 |  | — |  | — |  | — |  | 195,663 |
Bareboat charters | 6,129 |  | — |  | — |  | — |  | — |  | — |  | 6,129 |
FPSO contracts | — |  | — |  | — |  | 57,828 |  | — |  | — |  | 57,828 |
Management fees and other | 2,020 |  | — |  | 14,016 |  | — |  | 39,911 |  | (1,000 | ) | 54,947 |
| 150,691 |  | 2,369 |  | 202,277 |  | 57,828 |  | 47,989 |  | (3,487 | ) | 457,667 |
| 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 | 6,767 |  | 5,719 |  | 144,328 |  | — |  | — |  | — |  | 156,814 |
Bareboat charters | 5,734 |  | — |  | — |  | — |  | — |  | — |  | 5,734 |
FPSO contracts | — |  | — |  | — |  | 66,429 |  | — |  | — |  | 66,429 |
Management fees and other | 2,814 |  | 108 |  | 9,947 |  | — |  | 38,595 |  | 495 |  | 51,959 |
| 112,172 |  | 10,143 |  | 171,659 |  | 66,429 |  | 46,183 |  | (944 | ) | 405,642 |
| Six Months Ended June 30, 2019
| 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 | 264,459 |  | 5,131 |  | 4,866 |  | — |  | 14,347 |  | (2,487 | ) | 286,316 |
Voyage charters | 18,018 |  | — |  | 403,222 |  | — |  | — |  | — |  | 421,240 |
Bareboat charters | 12,191 |  | — |  | — |  | — |  | — |  | — |  | 12,191 |
FPSO contracts | — |  | — |  | — |  | 107,266 |  | — |  | — |  | 107,266 |
Management fees and other | 3,005 |  | — |  | 26,690 |  | — |  | 84,301 |  | (2,129 | ) | 111,867 |
| 297,673 |  | 5,131 |  | 434,778 |  | 107,266 |  | 98,648 |  | (4,616 | ) | 938,880 |
| 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 | 10,390 |  | 10,470 |  | 279,970 |  | — |  | — |  | — |  | 300,830 |
Bareboat charters | 11,111 |  | — |  | — |  | — |  | — |  | — |  | 11,111 |
FPSO contracts | — |  | — |  | — |  | 132,399 |  | — |  | — |  | 132,399 |
Management fees and other | 5,404 |  | 216 |  | 20,660 |  | — |  | 77,445 |  | 811 |  | 104,536 |
| 217,221 |  | 20,400 |  | 340,124 |  | 132,399 |  | 98,127 |  | (8,607 | ) | 799,664 |
The following table contains the Company's total revenue for the three and six months ended June 30, 2019 and 2018, by contracts or components of contracts accounted for as leases and those not accounted for as leases.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | $ |  | $ |  | $ |  | $
Lease revenue |  |  |  |  |  |  |  |
Lease revenue from lease payments of operating leases |  | 354,410 |  |  | 302,010 |  |  | 737,553 |  |  | 596,565 |
Interest income on lease receivables |  | 12,969 |  |  | 9,954 |  |  | 25,763 |  |  | 19,914 |
Variable lease payments – cost reimbursements (1) |  | 13,307 |  |  | 10,169 |  |  | 25,314 |  |  | 18,677 |
Variable lease payments – other (2) |  | 16,320 |  |  | 27,426 |  |  | 27,144 |  |  | 51,708 |
|  | 397,006 |  |  | 349,559 |  |  | 815,774 |  |  | 686,864 |
Non-lease revenue |  |  |  |  |  |  |  |
Non-lease revenue – related to sales-type or direct financing leases |  | 5,714 |  |  | 4,124 |  |  | 11,239 |  |  | 8,264 |
Management fees and other income |  | 54,947 |  |  | 51,959 |  |  | 111,867 |  |  | 104,536 |
|  | 60,661 |  |  | 56,083 |  |  | 123,106 |  |  | 112,800 |
Total |  | 457,667 |  |  | 405,642 |  |  | 938,880 |  |  | 799,664 |
(1) | Reimbursement for vessel operating expenditures and dry-docking expenditures received from the Company's customers relating to such costs incurred by the Company to operate the vessel for the customer.
(2) | Compensation from time-charter contracts based on spot market rates in excess of a base daily hire amount, production tariffs, which are based on the volume of oil produced, the price of oil, as well as other monthly or annual operational performance measures.

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