XML 219 R36.htm IDEA: XBRL DOCUMENT
v3.20.1

Revenue (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Revenue Table The following tables contain the Company’s total revenue for the years ended December 31, 2019, 2018 and 2017, by contract type, by segment and by business line within segments. The tables do not include revenues of Altera for periods subsequent to the deconsolidation of Altera in September 2017 as a result of the 2017 Brookfield Transaction (see Note 4).
| Year Ended December 31, 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 | 533,294 |  | 6,742 |  | 17,495 |  | — |  | 33,961 |  | (11,562 | ) | 579,930 |
Voyage charters | 36,351 |  | — |  | 881,603 |  | — |  | — |  | — |  | 917,954 |
Bareboat charters | 18,387 |  | — |  | — |  | — |  | — |  | — |  | 18,387 |
FPSO contracts | — |  | — |  | — |  | 210,816 |  | — |  | — |  | 210,816 |
Management fees and other | 6,482 |  | — |  | 44,819 |  | — |  | 169,029 |  | (2,026 | ) | 218,304 |
| 594,514 |  | 6,742 |  | 943,917 |  | 210,816 |  | 202,990 |  | (13,588 | ) | 1,945,391 |
| Year Ended December 31, 2018
| Teekay LNG Liquefied Gas Carriers | Teekay LNG Conven-tional Tankers | Teekay Tankers Conventional Tankers | Teekay Parent Offshore Production | Teekay Parent Other | Eliminations and Other | Total
| $ | $ | $ | $ | $ | $ | $
Time charters | 420,262 |  | 17,405 |  | 59,976 |  | — |  | 33,737 |  | (9,418 | ) | 521,962 |
Voyage charters | 23,922 |  | 14,591 |  | 671,928 |  | — |  | — |  | — |  | 710,441 |
Bareboat charters | 23,820 |  | — |  | — |  | — |  | — |  | 729 |  | 24,549 |
FPSO contracts | — |  | — |  | — |  | 261,736 |  | — |  | — |  | 261,736 |
Management fees and other | 10,435 |  | 327 |  | 44,589 |  | — |  | 156,186 |  | (1,737 | ) | 209,800 |
| 478,439 |  | 32,323 |  | 776,493 |  | 261,736 |  | 189,923 |  | (10,426 | ) | 1,728,488 |
| Year Ended December 31, 2017 (1)
| 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 | Altera | 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 |
(1) | The year ended December 31, 2017 does not include the impact of the January 1, 2018 adoption of ASU 2014-09.
Direct Financing Lease, Lease Income | The following table lists the components of the net investments in direct financing leases and sales-type leases:
| December 31, 2019 |  | December 31, 2018
| $ |  | $
Total minimum lease payments to be received | 1,115,968 |  |  | 897,130 |
Estimated unguaranteed residual value of leased properties | 284,277 |  |  | 291,098 |
Initial direct costs and other | 296 |  |  | 329 |
Less unearned revenue | (581,732 | ) |  | (613,394 | )
Total | 818,809 |  |  | 575,163 |
Less current portion | (273,986 | ) |  | (12,635 | )
Long-term portion | 544,823 |  |  | 562,528 |
Operating Lease, Lease Income [Table Text Block] | The following table contains the Company's total revenue by those contracts or components of contracts accounted for as leases and by those contracts or components not accounted for as leases for the years ended December 31, 2019, 2018 and 2017:
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
|  | $ |  | $ |  | $
Lease revenue |  |  |  |  |  |
Lease revenue from lease payments of operating leases |  | 1,554,883 |  |  | 1,322,259 |  |  | 1,580,029 |
Interest income on lease receivables |  | 51,676 |  |  | 41,963 |  |  | 49,275 |
Variable lease payments – cost reimbursements (1) |  | 50,024 |  |  | 39,233 |  |  | 64,920 |
Variable lease payments – other (2) |  | 48,813 |  |  | 96,679 |  |  | 48,699 |
|  | 1,705,396 |  |  | 1,500,134 |  |  | 1,742,923 |
Non-lease revenue |  |  |  |  |  |
Non-lease revenue – related to sales-type or direct financing leases |  | 21,691 |  |  | 18,554 |  |  | 22,562 |
Management fees and other income |  | 218,304 |  |  | 209,800 |  |  | 114,847 |
|  | 239,995 |  |  | 228,354 |  |  | 137,409 |
Total |  | 1,945,391 |  |  | 1,728,488 |  |  | 1,880,332 |
(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 based on the volume of oil produced, the price of oil, and other monthly or annual operational performance measures.

X
- Definition Tabular disclosure of components of lease income from direct financing lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 + Details
Name: | us-gaap_DirectFinancingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=118952077&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration