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v3.20.1

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
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,
| 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017
Teekay LNG |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | 594,514 |  |  | 478,439 |  |  | 385,683 |  |  | 300,520 |  |  | 169,918 |  |  | 188,676 |
Conventional Tankers | 6,742 |  |  | 32,323 |  |  | 46,993 |  |  | (1,267 | ) |  | (21,319 | ) |  | (40,027 | )
| 601,256 |  |  | 510,762 |  |  | 432,676 |  |  | 299,253 |  |  | 148,599 |  |  | 148,649 |
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | 943,917 |  |  | 776,493 |  |  | 431,178 |  |  | 123,883 |  |  | 7,204 |  |  | 1,416 |
Teekay Parent |  |  |  |  |  |  |  |  |  |  |
Offshore Production | 210,816 |  |  | 261,736 |  |  | 209,394 |  |  | (208,167 | ) |  | 22,958 |  |  | (256,758 | )
Conventional Tankers | — |  |  | — |  |  | 5,065 |  |  | — |  |  | — |  |  | (13,390 | )
Other | 202,990 |  |  | 189,923 |  |  | 89,107 |  |  | (10,927 | ) |  | (14,442 | ) |  | (20,277 | )
| 413,806 |  |  | 451,659 |  |  | 303,566 |  |  | (219,094 | ) |  | 8,516 |  |  | (290,425 | )
Altera (4) | — |  |  | — |  |  | 796,711 |  |  | — |  |  | — |  |  | 147,060 |
Eliminations and other | (13,588 | ) |  | (10,426 | ) |  | (83,799 | ) |  | — |  |  | — |  |  | — |
| 1,945,391 |  |  | 1,728,488 |  |  | 1,880,332 |  |  | 204,042 |  |  | 164,319 |  |  | 6,700 |
(1) | The year ended December 31, 2017 does not include the impact of the January 1, 2018 adoption of ASU 2014-09.
(2) | 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 2019, 2018 and 2017 are as follows:
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
Teekay LNG – Liquefied Gas Carriers | 11,562 |  |  | 9,418 |  |  | 36,358 |
Teekay Tankers – Conventional Tankers | 1,979 |  |  | 1,689 |  |  | — |
Altera | — |  |  | — |  |  | 34,232 |
| 13,541 |  |  | 11,107 |  |  | 70,590 |
(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 Altera (see Note 4). The figures above include those of Altera 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,
(U.S. dollars in millions) | 2019 |  | 2018 |  | 2017
BP Plc (1) (2) | $227.6 or 12% |  | $195.0 or 11% |  | $183.0 or 10%
Royal Dutch Shell Plc (1) (3) | (4) |  | (4) |  | $259.4 or 14%
(1) | On September 25, 2017, the Company deconsolidated Altera (see Note 4). The figures above include those of Altera until the date of deconsolidation.
(2) | Altera Segment, Teekay LNG Segment — Liquefied Gas Carriers, Teekay Tankers Segment — Conventional Tankers, Teekay Parent Segment — Offshore Production, and Teekay Parent Segment — Conventional Tankers.
(3) | Altera Segment, Teekay LNG Segment – Liquefied Gas Carriers, Teekay Tankers Segment – Conventional Tankers, and Teekay Parent Segment – Conventional Tankers.
(4) | Less than 10%.
Other Income Statement Items by Segment | The following table includes capital expenditures by segment for the periods presented in these financial statements.
| December 31, 2019 $ |  | December 31, 2018 $
Teekay LNG – Liquefied Gas Carriers | 96,357 |  |  | 687,841 |
Teekay LNG – Conventional Tankers | 1,538 |  |  | 124 |
Teekay Tankers – Conventional Tankers | 11,628 |  |  | 5,827 |
| 109,523 |  |  | 693,792 |
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,
| 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017 |  | 2019 |  | 2018 |  | 2017
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liquefied Gas Carriers | (136,069 | ) |  | (119,108 | ) |  | (95,025 | ) |  | 14,349 |  |  | (33,000 | ) |  | — |  |  | 58,819 |  |  | 53,546 |  |  | 9,789 |
Conventional Tankers | (696 | ) |  | (5,270 | ) |  | (10,520 | ) |  | (785 | ) |  | (20,863 | ) |  | (50,600 | ) |  | — |  |  | — |  |  | — |
| (136,765 | ) |  | (124,378 | ) |  | (105,545 | ) |  | 13,564 |  |  | (53,863 | ) |  | (50,600 | ) |  | 58,819 |  |  | 53,546 |  |  | 9,789 |
Teekay Tankers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Conventional Tankers | (124,002 | ) |  | (118,514 | ) |  | (100,481 | ) |  | (5,544 | ) |  | 170 |  |  | (12,984 | ) |  | 2,345 |  |  | 1,220 |  |  | (25,370 | )
Teekay Parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Offshore Production | (29,710 | ) |  | (33,271 | ) |  | (60,560 | ) |  | (178,330 | ) |  | — |  |  | (205,659 | ) |  | — |  |  | 15,089 |  |  | (7,861 | )
Conventional Tankers | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (510 | ) |  | (20,677 | )
Other | (195 | ) |  | (144 | ) |  | 163 |  |  | — |  |  | — |  |  | — |  |  | 127 |  |  | (1,384 | ) |  | (2,792 | )
| (29,905 | ) |  | (33,415 | ) |  | (60,397 | ) |  | (178,330 | ) |  | — |  |  | (205,659 | ) |  | 127 |  |  | 13,195 |  |  | (31,330 | )
Altera (1) | — |  |  | — |  |  | (219,406 | ) |  | — |  |  | — |  |  | (1,500 | ) |  | — |  |  | — |  |  | 12,028 |
Altera (2) | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (75,814 | ) |  | (6,907 | ) |  | (2,461 | )
| (290,672 | ) |  | (276,307 | ) |  | (485,829 | ) |  | (170,310 | ) |  | (53,693 | ) |  | (270,743 | ) |  | (14,523 | ) |  | 61,054 |  |  | (37,344 | )
(1) | On September 25, 2017, the Company deconsolidated Altera (see Note 4). The figures above include those of Altera until the date of deconsolidation.
(2) | Commencing on September 25, 2017 and prior to its sale in May 2019, the Company accounted for its investment in Altera using the equity method, and recognized equity losses of $75.8 million and $6.9 million for the years ended December 31, 2019 and December 31, 2018, respectively, and an equity loss of $2.5 million for the post-deconsolidation period ended December 31, 2017. During the year ended December 31, 2019, the Company wrote-down the investment in Altera by $64.9 million and recognized a loss on sale of $8.9 million.
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, 2019 $ |  | December 31, 2018 $
Teekay LNG – Liquefied Gas Carriers | 5,249,465 |  |  | 5,188,088 |
Teekay LNG – Conventional Tankers | — |  |  | 39,450 |
Teekay Tankers – Conventional Tankers | 2,140,652 |  |  | 2,106,169 |
Teekay Parent – Offshore Production | 161,096 |  |  | 311,550 |
Teekay Parent – Other | 80,455 |  |  | 38,280 |
Altera | — |  |  | 233,225 |
Cash and cash equivalents | 353,241 |  |  | 424,169 |
Other assets not allocated | 102,701 |  |  | 70,153 |
Eliminations | (14,746 | ) |  | (19,414 | )
Consolidated total assets | 8,072,864 |  |  | 8,391,670 |

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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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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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