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Schedule I Condensed Non-Consolidated Financial Information of Registrant Schedule I Condensed Non-Consolidated Financial Information of Registrant (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Summary of Long-Term Debt |
| December 31, 2019 $ |  | December 31, 2018 $
Revolving Credit Facilities | 603,132 |  |  | 642,997 |
Senior Notes (8.5%) due January 15, 2020 | 36,712 |  |  | 508,577 |
Senior Notes (9.25%) due November 15, 2022 | 250,000 |  |  | — |
Convertible Senior Notes (5%) due January 15, 2023 | 125,000 |  |  | 125,000 |
Norwegian Krone-denominated Bonds due through August 2023 | 347,163 |  |  | 352,973 |
U.S. Dollar-denominated Term Loans due through 2030 | 1,336,437 |  |  | 1,536,499 |
Euro-denominated Term Loans due through 2024 | 165,376 |  |  | 193,781 |
Other U.S. Dollar-denominated loan | 3,300 |  |  | 3,300 |
Total principal | 2,867,120 |  |  | 3,363,127 |
Less unamortized discount and debt issuance costs | (39,968 | ) |  | (43,604 | )
Total debt | 2,827,152 |  |  | 3,319,523 |
Less current portion | (523,312 | ) |  | (242,137 | )
Long-term portion | 2,303,840 |  |  | 3,077,386 |
Condensed Income Statement [Table Text Block] | TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF LOSS (NOTE 1) (in thousands of U.S. dollars)
|  | Year Ended December 31, 2019 $ |  | Year Ended December 31, 2018 $ |  | Year Ended December 31, 2017 $
Revenues |  | — |  |  | 345 |  |  | 5,089 |
Voyage expenses |  | — |  |  | 20 |  |  | (242 | )
Operating expenses |  | (412 | ) |  | (26 | ) |  | — |
Time-charter hire expense |  | — |  |  | — |  |  | (17,765 | )
General and administrative expenses |  | (19,463 | ) |  | (23,799 | ) |  | (20,549 | )
Loss from operations |  | (19,875 | ) |  | (23,460 | ) |  | (33,467 | )
Interest expense |  | (46,243 | ) |  | (60,166 | ) |  | (53,103 | )
Interest income |  | 1,561 |  |  | 2,839 |  |  | 422 |
Impairments of investments and advances (note 1) |  | (103,420 | ) |  | (651,473 | ) |  | (338,749 | )
Dividend income (note 1) |  | 62,100 |  |  | 32,751 |  |  | 58,000 |
Other |  | (5,662 | ) |  | (6,008 | ) |  | 4,764 |
Net loss before income taxes |  | (111,539 | ) |  | (705,517 | ) |  | (362,133 | )
Income tax recovery (expense) |  | 7 |  |  | (208 | ) |  | (251 | )
Net loss |  | (111,532 | ) |  | (705,725 | ) |  | (362,384 | )
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Balance Sheet [Table Text Block] | TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED BALANCE SHEETS (NOTE 1) (in thousands of U.S. dollars)
|  | As at December 31, 2019 $ |  | As at December 31, 2018 $
ASSETS |  |  |  |
Current |  |  |  |
Cash and cash equivalents |  | 49,655 |  |  | 81,681 |
Accounts receivable |  | 199 |  |  | 202 |
Prepaid expenses and other |  | — |  |  | 12 |
Due from affiliates |  | 249,197 |  |  | 676,087 |
Total current assets |  | 299,051 |  |  | 757,982 |
Investments in and advances to subsidiaries (note 1) |  | 756,140 |  |  | 488,547 |
Other assets |  | — |  |  | 329 |
Total assets |  | 1,055,191 |  |  | 1,246,858 |
LIABILITIES AND EQUITY |  |  |  |
Current |  |  |  |
Accounts payable |  | 13,995 |  |  | 1,339 |
Accrued liabilities |  | 8,684 |  |  | 24,641 |
Due to affiliates |  | 351,618 |  |  | 203,585 |
Current portion of long-term debt |  | 36,674 |  |  | — |
Other current liabilities |  | 718 |  |  | 584 |
Total current liabilities |  | 411,689 |  |  | 230,149 |
Long-term debt (note 2) |  | 349,977 |  |  | 614,341 |
Other long-term liabilities |  | 9,360 |  |  | 7,911 |
Total liabilities |  | 771,026 |  |  | 852,401 |
Equity |  |  |  |
Common stock and additional paid-in capital |  | 1,052,284 |  |  | 1,045,659 |
Accumulated deficit |  | (768,119 | ) |  | (651,202 | )
Total equity |  | 284,165 |  |  | 394,457 |
Total liabilities and equity |  | 1,055,191 |  |  | 1,246,858 |
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Condensed Cash Flow Statement [Table Text Block] | e condensed non-consolidated financial information. TEEKAY CORPORATION SCHEDULE I CONDENSED NON-CONSOLIDATED FINANCIAL INFORMATION OF REGISTRANT CONDENSED STATEMENTS OF CASH FLOWS (in thousands of U.S. dollars)
|  | Year Ended December 31, 2019 $ |  | Year Ended December 31, 2018 $ |  | Year Ended December 31, 2017 $
Cash and cash equivalents provided by (used for) |  |  |  |  |  |
OPERATING ACTIVITIES |  |  |  |  |  |
Net loss |  | (111,532 | ) |  | (705,725 | ) |  | (362,384 | )
Non-cash and non-operating items: |  |  |  |  |  |
Unrealized gain on derivative instruments |  | (270 | ) |  | (2,932 | ) |  | (2,336 | )
Impairments of investments and advances |  | 103,420 |  |  | 651,473 |  |  | 338,749 |
Income tax (recovery) expense |  | (7 | ) |  | 208 |  |  | 251 |
Stock-based compensation |  | 7,400 |  |  | 7,329 |  |  | 6,952 |
Dividends-in-kind |  | (10,000 | ) |  | (10,000 | ) |  | (58,000 | )
Other |  | 19,160 |  |  | 7,453 |  |  | 3,262 |
Change in operating assets and liabilities |  | (15,314 | ) |  | (36,296 | ) |  | 718 |
Net operating cash flow |  | (7,143 | ) |  | (88,490 | ) |  | (72,788 | )
FINANCING ACTIVITIES |  |  |  |  |  |
Proceeds from issuance of long-term debt, net of issuance costs |  | 250,000 |  |  | 120,713 |  |  | — |
Debt issuance costs |  | (15,029 | ) |  | — |  |  | — |
Prepayments of long-term debt |  | (480,851 | ) |  | (85,654 | ) |  | — |
Advances from affiliates |  | 227,157 |  |  | 39,293 |  |  | 103,400 |
Net proceeds from equity issuances |  | — |  |  | 103,655 |  |  | 25,636 |
Cash dividends paid |  | (5,523 | ) |  | (22,081 | ) |  | (18,967 | )
Other financing activities |  | (637 | ) |  | (651 | ) |  | (662 | )
Net financing cash flow |  | (24,883 | ) |  | 155,275 |  |  | 109,407 |
INVESTING ACTIVITIES |  |  |  |  |  |
Investments in subsidiaries |  | — |  |  | (7,109 | ) |  | (24,443 | )
Other investing activities |  | — |  |  | (45 | ) |  | 1,289 |
Net investing cash flow |  | — |  |  | (7,154 | ) |  | (23,154 | )
(Decrease) increase in cash and cash equivalents |  | (32,026 | ) |  | 59,631 |  |  | 13,465 |
Cash and cash equivalents, beginning of the year |  | 81,681 |  |  | 22,050 |  |  | 8,585 |
Cash and cash equivalents, end of the year |  | 49,655 |  |  | 81,681 |  |  | 22,050 |
Supplemental cash flow information (note 4) |  |  |  |  |  |
The accompanying notes are an integral part of the condensed non-consolidated financial information.
Teekay Corporation |
Summary of Long-Term Debt |
| December 31, 2019 $ |  | December 31, 2018 $
Senior Notes (8.5%) due January 15, 2020 | 36,712 |  |  | 508,577 |
Senior Notes (9.25%) due November 15, 2022 | 250,000 |  |  | — |
Convertible Senior Notes (5%) due January 15, 2023 | 125,000 |  |  | 125,000 |
Total principal | 411,712 |  |  | 633,577 |
Less unamortized discount and debt issuance costs | (25,061 | ) |  | (19,236 | )
Total debt | 386,651 |  |  | 614,341 |
Less current portion | (36,674 | ) |  | — |
Long-term portion | 349,977 |  |  | 614,341 |

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